Jourdan Completes 1,300m Drill Program At Dissimieux Lake Phosphate Property And Stakes 4,390 Hectares Of New Claims
Jourdan Completes 1,300m Drill Program At Dissimieux Lake Phosphate Property And Stakes 4,390 Hectares Of New Claims
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* 11 holes completed on 3 sections, 400m, 800m and 1,200m along strike from previous drilling
* The Dissimieux Lake Property has increased in size by almost 2,500% since additional claims started to be added November 7, 2011
Mississauga (Canada), February 7, 2013: JOURDAN RESOURCES INC. (TSX-V: JOR) ("JOURDAN" or the "Company") (www.jourdan.ca) is pleased to announce that strategic staking has increased the Dissimieux Lake Phosphate Property from 17,100 hectares to 21,490 hectares, a 25.67% increase in property size since year end 2012. This is the third increase by staking the company has completed in two years and the new staking covers areas that are in close proximity to drilling and projected extensions of existing targets. From the original total claim area of 830.8 hectares (prior to the staking done by the Company in 2011 and 2012), the Dissimieux Lake Phosphate Property has increased in area to a total size of 21,490 hectares. A previous increase in the size of the Dissimieux Lake Phosphate Property was announced on June 14, 2012.
"These additional claims were staked based on mineral potential in close proximity to the recently completed drilling and extensions to expected mineral trends. Jourdan strategically adds claims in areas where it is active, when possible, as we increase geological knowledge and see a potential economic opportunity" states Jourdan President and CEO Michael Dehn.
Three maps showing the location of the Dissimieux Lake claim block and the new claim units, as well as the location of the Dissimieux claims in relation to Jourdan's Jazz Property, Arianne Phosphate's Lac A Paul Project, and Investissement Quebec and Yara's Mine Arnaud Project can be found at: http://jourdan.ca/pdf/20130207JORPRCLAIMS.pdf
Jourdan is also pleased to announce that it has recently completed a 1,314m drill program in 11 diamond drill holes testing the extension of the Main Phosphate Horizon (MPH) a total of 1.2 kilometers to the North-East. Three sections were drilled 400m, 800m and 1,200m North East along strike from the previously drilled section 5300 where hole DL-12-01, DL-12-02 and DL-12-03 were completed and intersected Zone E-1, previously released on May 24, 2012 (http://jourdan.ca/uploads/153.pdf). Results from the April 2012 drilling on Section 5300 include 45 metres grading 3.20% P2O5 in drill hole DL-12-01 and 43.6 metres grading 2.91% P2O5 in drill hole DL-12-02.
"The targeting of the recently completed drill program was based on the success of the summer 2012 drilling and our improved understanding of the area geology" states Stephen Wallace, VP Exploration of Jourdan. "As we move forward on the MPH we have a systematic plan that should provide continued expansion of the phosphate mineralization."
A map showing the location of the recently completed drilling is available at:
http://jourdan.ca/pdf/20130207JORDRILLING.pdf
QA/QC Protocols
The drill cores from NQ-core sized diamond drill holes were transported from the drill sites by truck to the Jourdan core logging facility located 10 km to the north. There, geologists and technicians, under the supervision of Jonathan Taylor, B.Sc., the Dissimieux Lake Phosphate Project Manager, logged, sample tagged and half-splitted core in 3 metre lengths using a hydraulic splitter. The individual sampled intervals of half-split core were then inserted in tagged plastic bags, sealed and inserted in large nylon bags readied for shipment to the ALS Laboratory Group facility in Val-d'Or (Quebec). Blanks and duplicates were inserted in the sample stream on-site at every 20 core samples.
Once at the assay laboratory, samples were inventoried using the bar code tracking system, dried, finely crushed to 70% at
The technical information in this news release was approved by Mr Stephen Wallace, P. Geo, VP Exploration of Jourdan Resources, and a Qualified Person under NI 43-101 regulations.
About the Dissimieux Lake Phosphate Project
The Dissimieux Lake Phosphate Project is one of the flagship projects of Jourdan Resources, and is located 140 km north-west of Baie Comeau and 130 km north of Forestville, Quebec along the Upper North Shore of the St. Lawrence River. Jourdan holds a 100% interest in the property with no Net Smelter Return (NSR) Royalty. Similar type deposits in Quebec include Arrianne Phosphate's Lac a Paul Project, and Investissement Quebec and Yara International's Mine Arnaud Project.
About Phosphate
Fertilizers supply plant nutrients, amend soil fertility and are the most effective means of increasing both crop production and food quality. The main nutrients present in fertilizer are nitrogen, phosphorus, and potassium.
Phosphate rock has a high concentration of phosphate minerals, most commonly of the apatite group, which is a primary ingredient in the production of phosphate fertilizers for agricultural purposes. Other uses of phosphate include using phosphorous derived from it in anti-corrosion agents, cosmetics, fungicides, ceramics, water treatment, animal feed supplements, food preservatives and metallurgy. In the agricultural industry, there is no substitute for phosphate.
Recent drivers of demand for phosphate include but are not limited to: increasing global demand for (phosphatic) fertilizer to assist in increasing food production and biofuel crops; a tightening of phosphate rock supplies from the Middle East and North Africa; and competing uses in fertilizers and animal feed supplements.
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, and development of mining properties in phosphates. Jourdan also owns the Vallee Lithium Project which is located adjacent to Canada Lithium's Quebec Lithium Mine that has just commissioned the mineral processing sections of the process plant as scheduled with spodumene production being achieved on a regular basis.
Please visit the Company's website at www.jourdan.ca
For further information please contact:
Michael Dehn Glen Wylie, CMA
President and CEO CFO
Tel: (647) 477-2382 Tel: (647) 477-3758
Fax: (647) 477-2389 Fax: (647) 477-2389
michael@jourdan.ca glen@jourdan.ca
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, may constitute forward-looking information (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favourable terms and those material factors and assumptions disclosed in other public filings of Jourdan Resources.
While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to, risks and uncertainties disclosed in other public Jourdan Resources filings, changes in general economic, market and business conditions, competition for, among other things, capital and skilled personnel, and other unforeseen events or circumstances, that may cause the actual financial results, performance or achievements of the Company to be materially different from estimated future results, performance or achievements expressed or implied by the forward-looking statements. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings. Other than as required by law, Jourdan Resources does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.
Although the Company believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted.
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.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/jourdan02082013.htm
Source: Jourdan Resources Inc. (TSXV: JOR) http://www.jourdan.ca
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