Jourdan Resources Inc.
TSX VENTURE : JOR

Jourdan Resources Inc.

February 02, 2011 08:00 ET

JOURDAN Starts Minimum 3,000 Metres Drilling Campaign on the Lamothe Lithium-Rubidium Discovery Where Surface Grab Samples Gave up to 1.88% Li2O and 2,550 g/t Rubidium...

...from the Pivert East #2 Claim Block

MONTREAL, QUEBEC--(Marketwire - Feb. 2, 2011) - JOURDAN RESOURCES INC. (TSX VENTURE:JOR) ("JOURDAN" or the "Company") is pleased to announce the start of a minimum 3,000 metres diamond drilling campaign on the previously announced Lithium and Rubidium Discovery at the Lamothe Showing on the JOURDAN's wholly Pivert East #2 Claim Block from the 113 claims / 60 km2 Pivert-Stairs Rare Metals Property (the "Property"), northern Quebec.

The drilling will initially consist of three (3) drill hole fences, 100 metres apart, across the Lamothe Showing. Infill and additional extension drilling will be completed on a need be basis once assay results have been received and synthesized with the geological-geophysical model.

All results of the surface grab sampling program and the airborne geophysical survey were received from the 2010 field exploration program on the Property. Four (4) new northwest-southeast trending spodumene-bearing granitic intrusives were uncovered at the Lamothe Showing within an outcrop surface of 300 metres by 200 metres. 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 sub-horizontal. There is significant spodumene-bearing angular boulder field associated with the discovery trending further to the south possibly indicating additional spodumene-bearing intrusives in this direction. The average grade of the 19 grab samples from the Lamothe Showing was 1.06% Li2O, 72 g/t Gallium, 88 g/t Niobium, 1,441 g/t Rubidium and 75 g/t Tantalum. In addition, the geophysical survey has helped define the 12+ km long Pivert-Stairs (Rare Metals) Corridor which hosts most of the Lithium-bearing intrusives on the Property, including the east-northwest trending Lamothe Showing.

The Pivert-Stairs Rare Metals Property

The Property consists of the Pivert East #2 Claim Block (33 claims; 1,750 hectares for 17.0 km2); the Lac Pivert West Claim Block (2 claims; 106 hectares for 1.1 km2); the Stairs Claim Block (43 claims; 2,282 hectares for 22.8 km2); and the Pivert East #1 Claim Block (36 claims; 1,874 hectares for 18.7 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.

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.

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. JOURDAN is fully funded for the 2011 field exploration programs having $2,000,000 in liquidity.

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.

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. 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.

Contact Information

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