Dissimieux Lake Prospecting Returns Grab Samples up to 6.58% P2O5 on Western Structure
25.02.2014 | FSCwire
* Final Results of Prospecting Grab Samples from Dissimieux Lake * 65 assay results from Western Dissimieux Sampling with up to 6.58% P2O5
Toronto (Canada), February 25, 2014 /FSC/ - Jourdan Resources Inc. (JOR - TSX Venture), ("JOURDAN" or the "Company") (www.jourdan.ca)is pleased to announce additional results of the late 2013 prospecting program on the company's flagship Dissimieux Lake Phosphate claims, 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.
In December 2013 Jourdan completed the prospecting of three regions outside the Main Dissimieux Lake Phosphate Zone (see Map 1) and a total of 231 grab samples were collected and submitted for analysis (see press release dated December 17, 2013 - http://www.jourdan.ca/uploads/187.pdf ). The first of these results were documented in the press release titled "Dissimieux Lake Prospecting Returns Grab Samples up to 8.79% P2O5 at Fleury Showings" dated February 20, 2014 - http://www.jourdan.ca/uploads/194.pdf
Previous exploration on the Dissimieux Lake Project by Jourdan has focussed on drilling the Main Phosphate Zone. This zone has been traced with 400 metre centred drilling over a distance of approximately 2,400 metres. The December 2013 prospecting targeted areas outside this main zone including 65 samples collected from western arm of the Dissimieux Lake claims. This target zone covers a southwest to northeast trending feature observed in airborne geophysics that extends a length of at least 20 kilometres. This structure is sub parallel to the Main Dissimieux Lake Zone located approximately 5 km to the southeast. See Map 2.
Part of the planned December 2013 prospecting was to sample along this geophysical feature utilizing accessible roads and trails and as such does not represent a systematic exploration of the targeted areas. Of the total 231 samples, 65 were collected from the western zone with 10.7% or 7 of 65 samples returning values greater than 3% P2O5 (see Table1). This included one sample greater than 5% P2O5, sample K435479, which assayed 6.58% P2O5, located near the southwest extent of the sampling (See Map 2). Other anomalous samples along the possible structure outline areas for future prospecting and systematic sampling.
-***-
--------------------------------------------------------------------
Table 1: Summary of December 2013 Dissimieux Lake Grab Samples
--------------------------------------------------------------------
Sample Area Total Over 5% 3% to 5% 1% to 3% less 1%
samples P2O5 P2O5 P2O5 P2O5
--------------------------------------------------------------------
--------------------------------------------------------------------
North Fleury 51 4 15 15 17
--------------------------------------------------------------------
North Fleury % 100 7.8% 29.4% 29.4% 33.3%
--------------------------------------------------------------------
--------------------------------------------------------------------
Western structure 65 1 6 24 34
--------------------------------------------------------------------
Western structure % 100 1.5% 9.2% 36.9% 52.3%
--------------------------------------------------------------------
--------------------------------------------------------------------
Southern 115 0 0 10 105
--------------------------------------------------------------------
Southern % 100 0 0 8.7% 91.3%
--------------------------------------------------------------------
--------------------------------------------------------------------
Total 231 5 21 49 156
--------------------------------------------------------------------
Total % 100 2.2% 9.1% 21.2% 67.5%
--------------------------------------------------------------------
-****-
This program supports the use of airborne geophysics in the targeting process and similar targets will be examined for exploration in 2014. Investors should note grab samples are selective by nature and may not be representative of average grades of the mineralization within zones.
"Despite tight exploration budgets, Jourdan has successfully demonstrated that Dissimieux Lake is not just a single mineralized zone, but a large mineralized system. With mineralization currently identified in zones within an area of approximately 5 km but 20 km, Dissimieux Lake has the potential to become as significant as other more advanced phosphate projects in Quebec," stated Jourdan's President and CEO Michael Dehn. "Quebec has the opportunity to be the source of high grade phosphate rock concentrate that exceeds the grades currently produced in Morocco, the South Pacific and Egypt. Phosphate Rock concentrate grade from Arianne's Lac a Paul deposit grades up to 38.6% P2O5, from Yara and Investment Quebec's Mine Arnaud up to 40% P2O5, and from Dissimieux Lake's historical test work up to 41.2% P2O5, Quebec's phosphate deposits may be a solution in the future to aid in crop production and yield as the world's population continues to grow."
Map 1 Location of Dissimieux Lake Grab Samples
http://jourdan.ca/pdf/20140225MAP1.pdf
Map 2 Locations and Grade of Grab Samples from Western Dissimieux Sampling
http://jourdan.ca/pdf/20140225MAP2.pdf
-***-
-----------------------------------------------------------
Table 2 - List of Western Dissimieux Grab Samples
-----------------------------------------------------------
Sample Easting Northing Fe2O3 MgO P2O5 TiO2
-----------------------------------------------------------
K435451 435490.1 5520358.3 10.5 8.11 0.07 1.56
-----------------------------------------------------------
K435452 435901.7 5520039.7 13.7 4.47 0.33 3.92
-----------------------------------------------------------
K435453 435873.7 5520062.5 26.3 8.87 0.21 7.57
-----------------------------------------------------------
K435454 435873.7 5520062.5 2.3 0.59 0.06 0.23
-----------------------------------------------------------
K435455 435900.3 5520032.4 14.3 4.37 0.22 4.15
-----------------------------------------------------------
K435460 435010.7 5520445.7 8.5 3.12 0.20 0.79
-----------------------------------------------------------
K435461 435010.7 5520424.6 5.5 2.32 0.02 0.71
-----------------------------------------------------------
K435462 435040.8 5520401.1 15.1 5.66 0.38 2.43
-----------------------------------------------------------
K435463 435102.5 5520394.5 17.8 7.34 1.00 3.11
-----------------------------------------------------------
K435464 435111.3 5520384.6 22.4 4.53 2.19 4.56
-----------------------------------------------------------
K435465 436546.2 5521759.2 15.4 3.59 1.40 3.06
-----------------------------------------------------------
K435466 436431.3 5521852.3 5.9 1.60 0.24 0.68
-----------------------------------------------------------
K435467 436362.3 5521888.8 15.8 10.70 0.02 1.08
-----------------------------------------------------------
K435468 436330.9 5521818.7 11.9 7.39 0.04 0.69
-----------------------------------------------------------
K435469 434971.8 5519228.9 27.8 10.00 0.45 6.27
-----------------------------------------------------------
K435470 434872.4 5519308.3 33.1 4.93 2.73 4.14
-----------------------------------------------------------
K435471 434650.6 5519201.3 31.4 6.62 2.62 6.14
-----------------------------------------------------------
K435472 434558.4 5519135.8 26.2 4.26 3.20 2.76
-----------------------------------------------------------
K435473 434830.3 5519210.2 32.4 3.50 2.08 6.40
-----------------------------------------------------------
K435478 430570.4 5514458.3 17.6 4.98 0.52 1.58
-----------------------------------------------------------
K435479 430599.3 5514707.8 36.1 5.25 6.58 4.23
-----------------------------------------------------------
K435480 430534.9 5514656.6 16.5 4.41 0.74 3.94
-----------------------------------------------------------
K435551 433722.5 5517357.5 5.5 0.84 0.27 0.85
-----------------------------------------------------------
K435552 433711.0 5517366.1 17.9 4.28 1.20 3.71
-----------------------------------------------------------
K435553 433692.0 5517399.3 11.3 5.95 0.13 0.96
-----------------------------------------------------------
K435554 433679.5 5517418.5 12.5 6.14 0.19 1.53
-----------------------------------------------------------
K435555 433643.4 5517502.0 4.9 1.76 0.28 0.59
-----------------------------------------------------------
K435556 433655.0 5517548.7 26.3 3.97 2.44 2.50
-----------------------------------------------------------
K435557 433583.8 5517257.5 10.9 5.34 0.29 1.17
-----------------------------------------------------------
K435558 433503.9 5517313.1 6.0 3.74 0.22 0.54
-----------------------------------------------------------
K435559 433500.0 5517506.2 34.6 4.93 3.72 3.80
-----------------------------------------------------------
K435560 433679.9 5517601.1 23.9 6.42 3.64 6.44
-----------------------------------------------------------
K435561 433375.8 5518032.3 25.0 4.07 2.46 3.13
-----------------------------------------------------------
K435562 433371.0 5518037.0 24.7 3.60 2.56 3.62
-----------------------------------------------------------
K435563 433225.0 5517850.0 29.7 17.70 0.05 0.40
-----------------------------------------------------------
K435564 432914.7 5517358.3 44.3 5.61 1.29 6.26
-----------------------------------------------------------
K435565 432929.4 5517336.9 13.7 2.32 3.48 1.83
-----------------------------------------------------------
K435566 432926.7 5517198.3 23.0 5.05 1.37 3.44
-----------------------------------------------------------
K435567 433027.9 5516917.9 17.5 2.97 1.46 2.87
-----------------------------------------------------------
K435568 432799.0 5517018.9 15.0 2.26 1.31 2.67
-----------------------------------------------------------
K435569 432813.1 5517040.7 16.3 3.07 1.40 2.86
-----------------------------------------------------------
K435570 432776.1 5517065.7 16.2 3.60 1.46 2.87
-----------------------------------------------------------
K435571 432724.4 5517160.8 15.4 6.39 0.48 1.20
-----------------------------------------------------------
K435572 431708.0 5515203.7 13.6 5.22 0.60 1.56
-----------------------------------------------------------
K435576 431611.5 5515972.5 25.9 4.07 1.45 2.54
-----------------------------------------------------------
E5809337 433554.5 5517876.7 18.3 22.60 0.08 0.71
-----------------------------------------------------------
E5809338 433574.2 5517863.0 18.3 2.99 1.48 3.45
-----------------------------------------------------------
E5809339 433439.9 5517940.3 26.4 4.63 3.74 7.98
-----------------------------------------------------------
E5809341 433233.1 5518149.5 10.2 5.87 0.07 1.28
-----------------------------------------------------------
E5809342 433476.5 5518316.0 8.3 8.48 0.08 0.35
-----------------------------------------------------------
E5809343 433695.1 5518278.8 17.6 5.28 0.07 6.59
-----------------------------------------------------------
E5809344 433831.6 5518319.2 27.0 16.40 0.06 0.40
-----------------------------------------------------------
E5809345 433811.6 5518310.2 21.8 3.19 1.29 3.09
-----------------------------------------------------------
E5809346 433963.8 5518301.6 4.0 1.10 0.72 0.75
-----------------------------------------------------------
E5809347 434104.4 5518226.0 18.0 3.50 1.81 3.51
-----------------------------------------------------------
E5809348 434218.6 5518270.3 34.6 4.02 3.90 4.28
-----------------------------------------------------------
E5809349 434385.7 5518268.1 29.3 7.97 1.14 9.10
-----------------------------------------------------------
E5809351 434188.4 5518771.5 28.0 4.42 2.54 4.74
-----------------------------------------------------------
E5809352 434185.3 5518688.2 30.2 5.40 2.43 5.00
-----------------------------------------------------------
E5809703 432622.6 5515779.3 4.4 1.07 0.17 0.65
-----------------------------------------------------------
E5809704 432536.1 5515979.1 7.1 2.27 0.35 0.93
-----------------------------------------------------------
E5809705 432257.5 5516034.4 7.6 1.57 0.38 0.88
-----------------------------------------------------------
E5809706 432240.0 5516013.6 9.8 4.35 0.45 1.18
-----------------------------------------------------------
E5809717 432264.0 5516385.1 8.7 2.50 0.46 1.18
-----------------------------------------------------------
E5809718 432555.5 5516066.1 23.4 7.02 1.01 6.62
-----------------------------------------------------------
-****-
Quality assurance / Quality Control ("QA/QC")
Surface grab samples averaging 1 kilogram each were taken by qualified personnel from Jourdan. Samples were bagged, sealed and numbered on-site, and delivered to Jourdan's Mississauga office by Jourdan staff. Blank samples, standards and duplicates were inserted into the sample stream and the full set of samples was transported to AGAT Laboratories in Mississauga, Ontario for analysis. 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; then followed by analysis using packages 201-078 Lithogeochemical Analysis by ICP/ICPMS Finish and 201-676 XRF Whole Rock Analysis. Approximately 5% of the samples were submitted to ALS Canada for check 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.
Please come and visit Jourdan Resources management at the Avanti Management and Consulting Shoe Shine at the 2014 PDAC in Toronto March 2-5, at the Metro Toronto Convention Centre, South Building, in the Investors Exchange Hall.
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.
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.
Please visit the Company's website at www.jourdan.ca
For further information please contact:
Michael Dehn Glen Wylie, 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.
To view this press release as a PDF file, click onto the following link:
http://www.usetdas.com/pr/JourdanFeb252014.pdf
Source: Jourdan Resources Inc. (TSXV: JOR) http://www.jourdan.ca
Maximum News Dissemination by FSCwire. http://www.fscwire.com