Jourdan Resources Inc.
TSX VENTURE : JOR

Jourdan Resources Inc.

September 22, 2011 07:11 ET

JOURDAN Launches Exploration Program to Validate 235 Million Tonnes of Phosphate Grading 3.65% P2O5 of Historical Mineral Resources at the Dissimieux Lake Project

- Host gabbro contains 10% calcium phosphate (apatite) and 10% iron-titanium dioxide (ilmenite)

- Historical metallurgical test work recovered 92% of the apatite to produce a concentrate at 41.2% P2O5 and recovered 62.5% of the ilmenite to produce a concentrate at 48.1% TiO2

- Met-Chem (2000) indicated the historical mineral resources was amenable to open-pit mining with a 1:1 waste to mineralization

MONTREAL, CANADA--(Marketwire - Sept. 22, 2011) - JOURDAN RESOURCES INC. (TSX VENTURE:JOR) ("JOURDAN" or the "Company") (www.jourdan.ca) is pleased to announce the start of a validation exploration program on the Company's wholly owned Dissimieux Lake Phosphate Project (the "Project") located 140 km northwest of Baie-Comeau and 130 km north of Forestville (Quebec) along the Upper North Shore of the St-Lawrence River, and approximately 350 km in-line north-northeast of Quebec City.

The Project consists of 15 claims for 8.4 km2, and is dominated by steep hills, with elevations ranging from 435 metres to 700 metres above sea level. It is road accessible via Provincial Highway #138 at Forestville, then driving northward on Highway #385 and a network of secondary gravel forestry roads which provides direct access to the Project on the east-southeast shore of Dissimieux Lake.

Only regional geophysical surveying and geological mapping had been carried out in the Project area before AFCAN Mining Corporation ("AFCAN"), formerly known as Société d'exploration Minière et pétrolière Gaspésie, completed detailed mapping, trenching, sampling and geophysical surveys over the original Project (Pritchard, 1994, in GM53348; Birkett, 1995 and 1996, in GM 53515 and GM 54835; Oswald and Birkett, 1996, in GM 54764). A drill program of 8 holes totalling 637.5 m on two sections was also carried out in 1994 by AFCAN (GM 53349).

Apatite-ilmenite concentrations were traced for more than 6 km of strike length along a northeast-southwest orientation, up to 1 km wide, near the south shore of Dissimieux Lake. The mineralization was hosted in several bands 20 m to 50 m wide made up of finely disseminated magmatic apatite and ilmenite within magnetic gabbro. The average grades calculated from surface sampling was 3.5% P2O5 (corresponding to 10% apatite) and 5% TiO2 (corresponding to 10% ilmenite). The corresponding average grades from the core samples were 3.65% P2O5 and 4.72% TiO2, with highs of 4.42% P2O5 and 8.35% TiO2.

Lakefield Research of Canada Ltd. ("Lakefield") (1997, in GM 54867; 1998, in GM 56490), COREM (2000, in GM 58571) and Lakefield (2000, in GM 58570) assessed the feasibility of concentrating the phosphate and titanium. Lakefield achieved recoveries of 92% of the apatite to produce a concentrate at 41.2% P2O5, and recovered 62.5% of the ilmenite to produce a concentrate at 48.1% TiO2 with a sample containing 3.5% P2O5 and 5.4% TiO2. It was concluded at the time that the higher the TiO2 and P2O5 grades in rocks, the higher the recoveries were in concentrates.

Met-Chem Canada Inc. ("Met-Chem") (2000, in GM 58569) estimated historical mineral resources from the two drilled sections. The cumulative length of favorable magnetic anomalies covered 11,200 metres over an average width of 90 metres calculated from the two existing drill sections to a maximum depth of 75 m. A specific gravity of 3.25 tonnes per m3 was used based on core samples. From this information, historical mineral resources of 235 million tonnes were estimated at a grade of 3.65% P2O5 and 4.72% TiO2. The estimate is deemed historical in nature and therefore should not the relied upon. There has been insufficient work done on the Project and a Qualified Person has not reviewed nor evaluated the historical mineral resources in terms of NI 43-101 standards to qualify the estimate into current Mineral Resources. There is no evidence at this time to suggest that any future exploration would result in any of the estimate being converted into NI 43-101 compliant Mineral Resources.

Met-Chem also indicated the historical mineral resources were amenable to open-pit mining with a 1:1 waste to mineralization. It was proposed to transport the concentrate via a pipeline at a cost of $3.28 per tonne transported based on a yearly transport of 457,500 tonnes of concentrate (240,000 tonnes of apatite and 217,500 tonnes of ilmenite) over a distance of 140 km.

In 2009, the Vendors assayed a sample from the original apatite concentrate for Rare Earth Elements ("REE's") and Rare Metal analysis at ALS Laboratories using the 38 element ICP-MS Analytical Method (ME-MS81). The apatite concentrate sample contained 0.18% Total REE's, of which 72% are Light REE's (Light REE'S: La, Ce, Pr, Nd, Pm, Sm) and 28% are Heavy REE's (Heavy REE's: Eu, Tb, Dy, Ho, er, Tm, Yb, Lu, Y). The most significant REE's results are 517 ppm Cerium (Ce), 66 ppm Dysprosium (Dy), 115 ppm Gadolinium (Gd), 169 ppm Lanthalum (La), 405 ppm Neodynium (Nd), 85 ppm Praseodymium (Pr), 98 ppm Samarium (Sm), 521 ppm Strontium (Sr) and 348 ppm Yttrium (Yt).

JOURDAN's strategy going forward is focused on proving up the highest quality NI 43-101 compliant Mineral Resources on the Project, as it initially aims at validating and confirming the previous work and the historic mineral resources estimate of 235 million tonnes grading 3.65% P2O5 and 4.72% TiO2 to National Instrument 43-101 compliant Mineral Resources in either the Inferred category or in higher categories, and if successful, eventually test the full mineralization potential over the multi-kilometric trend as a high tonnage phosphate (in apatite), titanium dioxide (in ilmenite) and possibly REE's (in apatite) mineral resource.

Similar type deposits in Quebec include d'Arrianne Resources Inc's Lac Paul Project, Glen Eagle Resources Inc's Lac Lisette Project, and Société Générale de Financement (SGF) and Yara International's Mine Arnaud Project.

Key facts on apatite-phosphate and ilmenite-titanium (www.wikipedia.org and www.indusmin.com)

About 85-95% of phosphate is used for the fertilizer industry, including phosphoric acid. The remaining 5-10% is consumed for industrial uses (chemical reagent, electro-polishing, catalyst); medical uses (pharmaceutical, water treatment, dental); and retail uses (soap, carbonated drinks, animal feed). Apatite is also occasionally found to contain significant amounts of REE's and can be used as an ore for those metals since apatite is non-radioactive.

After gloomy times following the financial downturn, the mid to long-term trend is very positive for the phosphate industry and phosphate consumption is expected to grow closely in parallel to the developing population and increasing wealth of emerging countries such as China and India.

Titanium ore or ilmenite is refined into titanium dioxide or TiO2, a white permanent pigment used in paints, paper, toothpaste and plastics. TiO2 powder is chemically inert, resists fading in sunlight, and is very opaque, allowing it to impart a pure and brilliant white color to the brown or gray chemicals in plastics. Titanium dioxide is also used in sunscreens due to its ability to protect skin. It is used in air purifiers as a filter coating, or in film used to coat windows on buildings which when exposed to UV light (either solar or man-made).

Due to their high tensile, high corrosion resistance and ability to withstand moderately high temperatures without creeping, titanium alloys are used in aircraft, armor plating, naval ships, spacecraft and missiles. Titanium alloyed with aluminium and vanadium is used for critical structural parts, fire walls, landing gear, exhaust ducts, and hydraulic systems. About two-thirds of all titanium metal produced is used in aircraft engines and frames. An estimated 59 tonnes are used in the Boeing 777, compared to 45 tonnes in the Boeing 747 and 146 tonnes in the Airbus A380. With its high corrosion resistance to sea water, titanium is used to make propeller shafts and rigging and in the heat exchangers of desalination plants.

Titanium is also used to manufacture the housings and other components of ocean-deployed surveillance and monitoring devices for scientific and military use. Welded titanium pipe and process equipment are used in the chemical and petrochemical industries primarily for corrosion resistance. The pulp and paper industry uses titanium in process equipment exposed to corrosive media. Titanium metal is used in automotive applications. Because it is non-toxic and is not rejected by the body, titanium is used in medical applications including surgical implements and implants.

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 Phosphates, Titanium 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 North Shore, the Mauricie, the Abitibi and James Bay regions of Quebec. JOURDAN is fully funded for the 2011 field exploration programs.

The technical information in this news release was prepared by Mr. Jean Lafleur, M. Sc., P. Geo., JOURDAN's Technical Consultant, a Qualified Person 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.

Rare Earth Elements,Trace Elements and Metals from the original apatite concentrate at the Dissimieux Lake Titanium-Phosphate-REE's Project.

RARE EARTH ELEMENTS (in ppm)
La Ce Pr Nd Pm Sm Eu Tb Dy Ho Er Tm Yb Y TREE's
169 517 85 405 n/a 98 23 14 66 11 28 2 13 348 1,779
TRACE ELEMENTS (in ppm)
Ba Cs Ga Gd Hf Nb Rb Sr Ta Th Tl U V W Zr
8 tr 4 115 tr 3 tr 521 tr 2 tr 1 5 1 17
METALS (in ppm)
Co Cr Cu Mo Pb Sr Zn
3 tr tr tr tr tr 14
Note: n/a – not available; tr – trace; TREE's – Total Rare Earth Elements; numbers are rounded as per NI 43-101 guidelines.

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)

    Jourdan Resources Inc.
    Guy Girard
    VP Finance
    (514) 798-1290
    (514) 787-1457 (FAX)
    info@jourdan.ca
    www.jourdan.ca