Jourdan Acquires Strategic Phosphate Showings Adjacent To Dissimieux Lake Phosphate Project by Staking
01.03.2013 | FSCwire
- Dissimieux Lake Phosphate Property now covers 240.5 km2- Several showings staked with values of up to 5.6% P2O5
- Previous claims holders were engaged in titanium or copper-nickel exploration
- Jourdan at PDAC 2013
Mississauga, March 1, 2013: Jourdan Resources Inc. (TSX-V:JOR.V - News) ("JOURDAN" or the "Company") (www.jourdan.ca) is pleased to report that it has staked 25.5 km2 of new claims covering strategically located phosphate showings in the Dissimieux Lake region, bringing the total Dissimieux Lake claim block to 240.5 km2.
In addition to the focused drilling on the Dissimieux Lake Phosphate mineralized zones, Jourdan has undertaken a systematic study of regional targets within the Dissimieux Lake area, resulting in this additional staking. These new targets, which will be the focus of future exploration are listed in the table below and shown on the map that can be found at:
http://jourdan.ca/pdf/20130228JOR-Showings.pdf
Michael Dehn, Jourdan's President and CEO states,"As these strategically located claims became available, Jourdan staked them with a minimal cost of acquisition. With the Fleury occurrences being located in close proximity to the main access road in the region, and with the grades reported by Sigeom, these new occurrences make the Dissimieux Lake Phosphate Project an even more attractive project."
This new staking is the fourth round of staking since the original 8.3 km2 claim block was acquired by Jourdan in 2010. A map showing the progressive expansion of the Dissimieux Lake block can be viewed at http://jourdan.ca/pdf/20130228JORCLAIMS.pdf.
"The company has plans to continue exploration on the Dissimieux Lake Phosphate Property, and these additional claims and showings will be integrated into our ongoing exploration planning," states Stephen Wallace, Jourdan's VP Exploration. "The recent successful drilling on the Main Phosphate Horizon, demonstrates a potentially large mineralized system over many kilometres and these new showings suggest additional exploration and drill targets."
A table of recently staked showings with a description of mineralization can be found below:
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Name Year UTM Easting Northing NTS
Collected Zone (m) (m) Sheet Mineralization
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Ali-1 2008 19 432043 5510822 22F12 5.6% P2O5
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Fleury 1-3 2008 19 438314 5534041 22F13 21.56% Fe, 7.42%
TiO2, and 10.2%
Apatite (estimated)
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Fleury 1-4 2008 19 441398 5531168 22F13 31.54% Fe2O3,
7.91% TiO2 and
12.9% apatite
(estimated)
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Fleury 1-5 2008 19 441514 5531141 22F13 22.71% Fe2O3,7.82%
TiO2 and 13.8%
apatite(estimated)
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Fleury 1-6 2008 19 440261 5528084 22F13 13.71% Fe2O3, 3.24%
TiO2 and 10.6%
apatite(estimated)
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Fleury 1-7 2008 19 441936 5533866 22F13 28.42% Fe2O3, 6.98%
TiO2 and 14.6%
apatite(estimated)
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Fleury 1b 2008 19 440657 5531078 22F13 17.32% TiO2 and
4.67% P2O5
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* all table information is from Sigeom (Systeme d'information geominier) datasets provided online by the Ministry of Natural Resources, Quebec. Sample locations and assay data has not been verified by Jourdan Resources.
Jourdan would also like to invite investors to visit us at the Avanti Management & Consulting Limited's Shoe Shine in the Investors Exchange of the 2013 PDAC from March 3 to 6, 2013, where company management will be happy to meet with you and answer your questions.
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 Vallie 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:
Jourdan Resources Inc.
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
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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.
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