TORONTO, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Jourdan Resources Inc. (TSX-V: JOR) (“Jourdan” or the “Company”) is pleased to announce that it is resuming exploration at its lithium project north of Val d’Or, Quebec. The initial activities will comprise field work on the property and proceeding with analytical testing of the bulk sample taken in 2018.
“We are delighted to resume activities on our lithium project north of Val d’Or,” says Rene Bharti, CEO of Jourdan. “We feel that there is sufficient evidence to justify a renewed work program on the Baillargé property as well as on Vallée. Furthermore, we have initiated the analysis of the bulk sample for lithium grade estimation, assessing its economic viability.”
Given the rise in lithium prices, we believe Jourdan is strategically placed to become a prominent lithium player in a well-known lithium-rich jurisdiction, in a mining friendly environment. Canada is emerging as a leader in green and sustainable energy management. We anticipate that the groundswell in the green movement will allow us a path forward to develop our lithium projects as we look to capitalize on the ever-growing electric car battery business.
Dr. Andreas Rompel, Chairman of Jourdan states, “The recent surge in the price of lithium on the world market has encouraged us to resume exploration activities on our lithium project north of Val d’Or. We are looking forward to further exploration on our properties for more lithium-bearing pegmatites.”
Our work program, consisting of soil sampling and geological mapping, in addition to the bulk sample that is being sent for analysis, is expected to further enhance our understanding of our Baillargé & Vallée lithium properties.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX-V and 2JR1 on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s main properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.
For more information:
Rene Bharti, Chief Executive Officer and President
Email: ir@jourdanresources.com
Phone: (416) 861-1685
Cautionary statements
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the resumption of exploration activities at Jourdan’s properties in Val d’Or and the Company’s path forward to develop its lithium projects. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER 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.
