Jourdan Resources Inc.
TSX VENTURE : JRN

Jourdan Resources Inc.

December 11, 2009 08:00 ET

JOURDAN Update on the 3,000 Metre Winter Drilling Campaign at the 9 to 10 Million Pound Drucourt Uranium Zone on the Baie Johann-Beetz Property, Lower North Shore Uranium Belt (Quebec)

MONTREAL, QUEBEC--(Marketwire - Dec. 11, 2009) - Jourdan Resources Inc. (TSX VENTURE:JRN) ("JOURDAN" or the "Company") (www.jourdan.ca) wishes to update shareholders on the progress of the Company's 3,000 m winter diamond drill campaign at the Company's prospective Drucourt Uranium Zone on the Baie Johann-Beetz Property (the "Property"), located 25 km due east-northeast of the community of Baie Johann-Beetz along Provincial Highway #138 linking Montreal to Natashquan (Quebec).

Highlights:

- Jourdan has now completed a 5 km winter access road from Provincial Highway #138 to the South Claim Block of the Property that also included access to the main drill sites located in the area of the Potential Resources;

- the construction of an on-site core logging facility; and

- the drill, drilling equipment and fuels are now mobilized to the site, and the drilling should start in early January 2010.

Funds have already been raised (refer to the Company news release date October 22, 2009) to complete the entire winter drilling campaign.

The Baie Johann-Beetz Uranium Property

The Property consists of 32 mining claims, including the original 8 claim North and South Claim Blocks, totaling 1,800 hectares (18 km2). The South and North Claim Blocks are located 5 km and 8 km north-northeast of Kilometre 1312 on Provincial Highway #138. Historic trenching and shallow diamond drilling on the Property to a maximum -50 m depth in the 1960's and 1970's identified two 500 m long Uranium corridor, one of which the Drucourt Zone contains between of 17 to 18 million tonnes grading 0.024 to 0.026% (0.48 to 0.52 lbs/ton) U3O8 for 9 to 10 million pounds of U3O8 in Potential Resources (Minorex, 2006). Potential Resources outline the potential quantity and grade of the mineralization. It is not a recognized Mineral Resources category; it is conceptual in nature, and should only be considered has an indication of the uranium mineralization. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the discovery of a mineral resource. A Qualified Person has not done sufficient work to classify the mineral resource estimates as current mineral resources.

The Property is strategically situated within the Lower North Shore Uranium Belt of Quebec, a major Uranium bearing corridor that also hosts Uracan Resources Inc. (TSX VENTURE:URC) ("Uracan") North Shore Uranium Project. Uracan has already outlined current Inferred Mineral Resources of 154.9 million tonnes at an average grade of 0.012% (0.24 lbs/ton) U3O8 for 40 million pounds of U3O8 in the "Middle" and "TJ" Zones (www.sedar.com). The Property is enclosed by Uracan's North Uranium Shore Property with the "Middle" and "TJ" Zones located 28 km to the west.

JOURDAN's strategy is focused on proving up higher quality Uranium resources on the Property, as it initially aims at validating and doubling the current 9 to 10 million pounds of U3O8 to at least 20 million in National Instrument ("NI") 43-101 compliant Mineral Resources, and if successful eventually delineate the Uranium mineralization over the multi-kilometric trend as a high tonnage, low grade Uranium mineral resource.

The 3,000 m initial winter drilling campaign on the Property consists of (1) twinning of 1970's vintage drill holes within the original 500 m strike length of the Drucourt Zone to confirm and validate historic grades and continuity; and (2) extending the Drucourt Zone mineralization over an initial 2,000 m strike length.

About Jourdan Resources Inc.

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JRN on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, development and if, as the case may be, the operation of mining properties in strategic bulk mineable industrial metals (such as Uranium and REE's) sectors of eastern Canada. All of the Company's properties are currently at the exploration stage in Quebec's North Shore and Mauricie regions.

Visit the Company's website at www.jourdan.ca. You can download Jourdan's Corporate Summary from www.jourdan.ca/jrn.pdf.

The technical information in this news release was prepared, by Mr. Jean Lafleur, M. Sc., P. Geo., Senior Technical Consultant to JOURDAN. Mr. Emilien Seguin, President of JOURDAN, approved the content of this news release. Both individuals are Qualified Persons under NI 43-101 regulations.

Statements in this release that are not historic facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements."

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Jourdan Resources Inc.
    Emilien Seguin,
    President and CEO
    450-670-5224
    514-787-1457 (FAX)
    or
    Jourdan Resources Inc.
    Guy Girard,
    VP Finance and Director
    514-798-1290
    514-787-1457 (FAX)
    info@jourdan.ca