Jourdan Resources Inc.
TSX VENTURE : JRN

Jourdan Resources Inc.

November 29, 2006 14:48 ET

Jourdan to Acquire 100% Interest in Nelligan and Maisonneuve Properties

VAL-D'OR, QUEBEC--(CCNMatthews - Nov. 28, 2006) - Jourdan Ressources inc.(TSX VENTURE:JRN) ("Jourdan") is pleased to announce that it has entered into an option agreement with Jean Pomminville whereby Jourdan can earn a 100% interest in the Maisonneuve and Nelligan properties located respectively approximately 16 kilometers northwest of St-Michel-des-Saints and 60 kilometers southwest of Chibougamau, province of Quebec. The properties consist of 6 mining cells each covering a total area of 689 hectares.

The Nelligan property is adjacent to the Windy property acquired earlier this summer. With this recent acquisition, the property now consists of 104 cells covering 5820 hectares. It is located at the intersection of two major structures along which the former JoeMann and Shortt Lake mines as well as the Chevrier gold deposit occur. On the property itself, 6 gold occurrences are known to occur including the Nelligan where in past exploration values including 8,45g/t Au over 0,7m 11,8g/t over 1,3m and 3,5g/t Au over 10m were obtained (GM 52837 and 54434). The potential of the property has recently been highlighted as 1 target from the VMS target evaluation study (ET 2005-01), 6 from the gold target evaluation (ET2006-01) are found on these claims making the area making this a very attractive exploration target for the discovery of both gold and base metals.

Under the agreement, Jourdan has agreed, subject to regulatory approval and due diligence, to pay to the vendor $5,000 in cash and issue 300,000 common shares to earn a 100% in the Maisonneuve property, and to pay $2,000 in cash and issue 250,000 common shares to the vendor to earn a 100% in the Nelligan property.

The securities to be issued pursuant to the agreement shall be subject to a four month hold period.

The TSX Venture Exchange neither approved nor disapproved this press release and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Jourdan Ressources inc.
    Michel L.Cote
    President & CEO
    514-866-6001, Ext. 266