Toronto, Ontario (FSCwire) - Jourdan Resources Inc. (TSX-V: JOR) (“JOURDAN” or the “Company”) (www.jourdan.ca) is pleased to announce results from a targeted sampling and prospecting program on the company's Hache Phosphate Property. The Hache Property is located 60 km north of Saguenay, Quebec.
“Channel sample results received confirmed the results from a targeted sampling and prospecting campaign, originally announced by the Company in January 2014,” states Michael Dehn, Jourdan’s President and CEO. For further information, see the press release dated January 20, 2014, titled “New Phosphate Zone on Jourdan’s Recently Acquired Hache Property Returns Up To 5.99% P2O5” ( http://www.jourdan.ca/uploads/190.pdf )
The acquisition of the Hache property by Jourdan was announced on October 31, 2013, in the press release titled Jourdan Acquires 100% Of Hache Phosphate Property, Near Saguenay, Quebec ( http://www.jourdan.ca/uploads/180.pdf ).
Zone “A” on Jourdan’s Hache claims discussed in this release is located 11.5 km west of the La Hache-Est historic resource (Source: Sigeom – La Hache-Est non-metallic mineral deposit and GM 23170 (Nov 1 1968) Soquem Rapport des Travaux, Explorations Terre Nova Ltee Project 13-778-01 La Hache-Est). The La Hache-Est historic resource is reported as 20.32 million tonnes containing 24.75% Fe, 5.15% Ti and 5.21% P2O5.This project was originally explored as a potential iron ore target, and at the time had not been considered for phosphate or titanium potential.
The phosphate mineralized Zone “A” runs for approximately 1.6 km on surface, running approximately north-northeast to south-southwest (see Map 1). A continuous channel, 4m long, was sampled at 1m intervals across an exposed section of Zone “A”. Results from this channel ranged from 4.33% P2O5 over 1m to 4.60% P2O5 over 1m, with the average over 4m being 4.48% P2O5.
Additional prospecting to the south of the Zone “A”, based on magnetic highs outlined in 2013 ground geophysical surveys identified the iron oxide rich “Fe” Zone. A total of 7 grab samples from this zone returned results as high as 65.0% Fe2O3 and 65.8% Fe2O3. (See Table 1). Investors should note grab samples are selective by nature and may not be representative of average grades of the mineralization within zones.
A table of channel and grab sample results received is presented below (see Map 2 for locations):
Sample
|
Lab Number
|
Sample Length
|
Fe2O3%
|
P2O5%
|
TiO2%
|
V2O5%
|
Zone
|
Phosphate Channel Sample
|
|
|
|
|
|
|
|
Hac-14-076-079
|
|
4
|
28.43
|
4.48
|
5.87
|
0.05
|
A
|
Hac-14-076
|
265032
|
1
|
31.90
|
4.54
|
6.69
|
0.06
|
A
|
Hac-14-077
|
265033
|
1
|
32.90
|
4.45
|
6.86
|
0.06
|
A
|
Hac-14-078
|
265034
|
1
|
25.60
|
4.60
|
5.22
|
0.05
|
A
|
Hac-14-079
|
265035
|
1
|
23.30
|
4.33
|
4.69
|
0.04
|
A
|
Iron Oxide Prospecting
|
|
|
|
|
|
|
|
Hac-14-080
|
265036
|
grab
|
44.30
|
0.28
|
9.56
|
0.20
|
Fe
|
Hac-14-081
|
265037
|
grab
|
59.10
|
0.03
|
11.10
|
0.33
|
Fe
|
Hac-14-082
|
265038
|
grab
|
38.40
|
0.35
|
7.93
|
0.18
|
Fe
|
Hac-14-083
|
265039
|
grab
|
40.10
|
0.07
|
8.34
|
0.19
|
Fe
|
Hac-14-084
|
265040
|
grab
|
51.30
|
0.08
|
9.91
|
0.22
|
Fe
|
Hac-14-085
|
265041
|
grab
|
65.00
|
0.02
|
12.50
|
0.38
|
Fe
|
Hac-14-086
|
265042
|
grab
|
65.80
|
0.02
|
12.30
|
0.36
|
Fe
|
Map 1: Sample locations and results on regional airborne magnetic, Hache Property
http://jourdan.ca/pdf/20140904MAP1.pdf
Map 2 Sample locations and results on regional airborne magnetic, Hache Property, with sample results from this release highlighted in yellow
http://jourdan.ca/pdf/20140904MAP2.pdf
Quality assurance / Quality Control (“QA/QC”)
Surface grab samples averaging 1 kilogram each were collected by qualified personnel from JOURDAN under the technical supervision of Stephen Wallace, P. Geo. Samples were bagged, sealed and numbered on-site, and delivered to the Jourdan’s Office in Mississauga, Ontario. Sample were transported to AGAT Laboratories facility in Mississauga, Ontario for analysis using the analytical packages 201676 Lithium Borate Fusion, XRF finish and 201078 Lithium Borate Fusion, ICP-MS Finish. At the laboratory facility, samples were inventoried, weighed and dried; crushed 75% to under 2 millimetres; riffled split with a 250 gram sub-sample pulverized 85% to under 75 microns; followed by analysis.
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 Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company focused on phosphate. We continually strive to maximize shareholder value by targeting the highest quality phosphate projects with a professional and highly experienced management team. Our approach combines creativity, experience, and technical expertise with tenacity and determination to advance existing projects while always being prepared to take advantage of new opportunities that can add value for our shareholders. We are committed to conducting ourselves in an open, professional, and responsible manner, while always remaining available to all shareholders. Our goal is to become the dominant phosphate miner in North America.
Please visit the Company’s website at www.jourdan.ca
For further information please contact:
Michael Dehn Glen Wylie, CPA, CMA
President and CEO, Jourdan Resources Inc. CFO, Jourdan Resources Inc.
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 statement.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/JourdanSept42014.pdfSource: Jourdan Resources Inc. (TSX Venture:JOR) http://www.jourdan.ca/
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