Jourdan Resources Inc.

Jourdan Resources Inc.

October 15, 2010 08:30 ET

JOURDAN Discovers New Spodemune (Lithium) Bearing Pegmatites Over 300 Meters by 200 Metres at the Pivert-Stairs Rare Metals Property ...

... Contiguous to First Gold Exploration's Pivert/Rose Property, James Bay Mining District (Quebec)

MONTREAL, QUEBEC--(Marketwire - Oct. 15, 2010) - JOURDAN RESOURCES INC. (TSX VENTURE:JOR) ("JOURDAN" or the "Company") is pleased to announce the discovery of new spodumene-bearing intrusives during the 2010 exploration campaign at the Company's 94 claims / 49.5 km2 Pivert-Stairs Rare Metals Property (the "Property") in the James Bay Mining District of northern Quebec. The new discovery is located 1 km east-southeast of Pivert/Rose Rare Metals property where recent work outlined significant quantities of the Rare Metals Lithium, Rubidium, Tantalum, Beryllium, Niobium and Gallium.

Four (4) new northwest-southeast spodumene-bearing intrusives were uncovered over 300 metres by 200 metres area of bedrock on the Company's Pivert East #2 Claim Block, 1 km east of First Gold Exploration's Pivert Showing. The main spodumene-bearing intrusive is at least 10 metres wide and has been uncovered over a 25 metres length. The other intrusives run parallel and they all tend to be subhorizontal. There is significant spodumene-bearing boulder field associated with the intrusives trending further to the south possibly indicating additional intrusives in this direction.

JOURDAN's ground exploration campaign is progressing as planned and will include a regional airborne geophysical surveys to better identify the spodumene-bearing intrusives on the 12+ km long Pivert Rare Metals Corridor on the Property. Assay results are pending and will be made available once received by the Company.

JOURDAN's Pivert-Stairs Rare Metals Property

The Property consist of the Pivert East #2 Claim Block (12 claims; 636 hectares for 6.4 km2) immediately contiguous and less than 1 kilometre to the northeast of the First Gold Exploration (TSX-V: EFG) ("First Gold") Lac Pivert Lithium Showing on First Gold's Pivert/Rose Rare Metals Property; the Lac Pivert West Claim Block (2 claims; 106 hectares for 1.1 km2) between First Gold's Lac Pivert Lithium and 2.5 kilometres from their new Rose Lithium-Rubidium Discovery; the Stairs Claim Block (43 claims; 2,282 hectares for 22.8 km2) immediately contiguous to the southwest of First Gold's Rose Lithium-Rubidium Discovery; and the Pivert East #1 Claim Block (37 claims; 1,924 hectares for 19.2 km2) immediately contiguous to and northeast of the Pivert East #2 Claim Block. The Property is easily accessible via an extensive road and trail network. The Property sits less than 5 km from the Eastmain-1 Hydroelectric facility where substantial infrastructure exists. There is an access road to within 500 m of the Lac Pivert East #1 and #2 and Lac Pivert West Claim Blocks. A north-south hydro line straddles the Lac Pivert West Claim Block.

First Gold previously announced surface sampling and diamond drilling results on contiguous ground with significant quantities of the Rare Metals Lithium, Rubidium, Tantalum, Beryllium, Niobium, Cesium and Gallium. Surface grab sampling yielded 4.6% Li2O, 390 g/t Rubidium, 1.4 g/t Tantalum, 67.7 g/t Niobium, 106.5 g/t Gallium, 90 g/t Beryllium (#430917); and in drilling up to 21.45 m (true width) yielding 1.22% Li2O, 2,983 g/t Rubidium, 206 g/t Ta2O5, 139 g/t Beryllium, 117 g/t Cesium and 78 g/t Gallium (LR-10-75). Mineralization occurs at surface in near horizontal spodumene-bearing intrusives. The company recently announced the discovery of additional showings and is slated to release compliant Mineral Resources for their property by year end (

Earlier work by the Ministère des ressources naturelles et de la faune Québec (Boisvert, 1989) describes the Property area as containing irregular but generally continuous lenses of pegmatites within the host biotite schists. Individual pegmatites can attain up to 60 m in width and more than 100 m in length, collectively forming part of a much larger bodies having kilometric lengths and widths up to 300 m. Additional work uncovered a number of Lithium showings in the region with a similar metallogenic context to Lithium One's Cyr Lithium Property and First Gold's Pivert/Rose Rare Metals Property, where irregular but generally continuous spodumene (a lithium bearing aluminum silicate) bearing pegmatites occur.

Historical work on Cyr Lithium Property, located 75 km northwest of the Property, has demonstrated significant Lithium potential, identifying a resource potential* of 12 million tonnes (45,000 m2 by 100 m deep) grading 1.7% Li2O ( A resource potential estimate should not be relied on and is not considered National Instrument ("NI") 43-101 compliant. A Qualified Person has not reviewed and evaluated the resource potential to outline NI 43-101 Mineral Resources. It is uncertain that any future exploration and development work will result in any of the resource potential to be considered as NI 43-101 Mineral Resources. A resource potential estimate should only be considered as an indication of mineralization.

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR 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 Uranium and Rare Metals or High Technology Metals ("HTM's") sectors of eastern Canada. The Company's properties are currently at the exploration stage along the Lower North Shore, the Mauricie and now the James Bay regions of Quebec.

The technical information in this news release was approved by Mr. Jean Lafleur, M. Sc., P. Geo., Technical Advisor to the President and CEO of JOURDAN, and a Qualified Person under NI 43-101 regulations.

Please visit the Company's website at

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, Director
    514-787-1457 (FAX)
    Jourdan Resources Inc.
    Guy Girard
    VP Finance, Director
    514-787-1457 (FAX)