1.2 Kilometre Extension of Mineralized Zones Intersected at Jourdan's Dissimieux Lake Phosphate Project Including 3.02% P2o5 Over 137.80m
19.02.2013 | FSCwire
* 11 drill holes completed on 3 sections, 400m, 800m and 1,200m along strike from previous drilling - every hole intersected targeted Main Phosphate Horizon* 1,313.9 metres of diamond drilling completed in latest campaign - A total of 3,948.9 metres drilled since January 2012
* 137.80 m averaging 3.02% P2O5 in hole DL025
* higher grade section of 18.0m of 4.24% P2O5 intersected in DL026
* Zone E1 mineralization doubled for a total strike length of 2.4 km
* All zones are open along strike and to depth
Mississauga, February 19, 2013: Jourdan Resources Inc. (TSX-V:JOR.V - News) ("JOURDAN" or the "Company") (www.jourdan.ca) is pleased to report the results from the recent drill program on JOURDAN's 100% owned Dissimieux Lake Phosphate Project (DLPP). A total of 11 diamond drill holes were completed on 3 sections, 400m, 800m and 1,200m along strike from previous drilling with every hole intersecting the Main Phosphate Horizon (MPH). This drilling demonstrates the continuity of the North East section of the mineralized corridor a further 1,200 metres along strike from previous drilling for a total length of at least 2,400 metres.
A total of 1,313.9m of NQ drilling in 11 holes were completed. A complete table of drill collars is located below:
-----------------------------------------------------------
Hole Easting* Northing* Elevation Azimuth Dip Length
-----------------------------------------------------------
DL024 444256 5521925 470 130 -45 140.9
-----------------------------------------------------------
DL025 444314 5521876 470 130 -45 140.8
-----------------------------------------------------------
DL026 444371 5521828 462 130 -45 132.1
-----------------------------------------------------------
DL027 444429 5521780 458 130 -50 126.0
-----------------------------------------------------------
DL028 444515 5522230 472 130 -50 129.0
-----------------------------------------------------------
DL029 444559 5522177 468 130 -50 123.0
-----------------------------------------------------------
DL030 444632 5522132 466 130 -50 130.3
-----------------------------------------------------------
DL031 444688 5522090 465 130 -50 123.0
-----------------------------------------------------------
DL032 444945 5522395 530 130 -50 103.5
-----------------------------------------------------------
DL033 444885 5522440 518 130 -50 126.3
-----------------------------------------------------------
DL034 444861 5522469 513 130 -60 39.0
-----------------------------------------------------------
*UTM NAD83 Zone 1,313.9
-----------------------------------------------------------
The 11 drill hole, 1,314m drill program was designed to test the mineralized corridor of phosphate rich ultramafic intrusives a further 1,200 metres North East along strike from the May 2012 drilling. The drilling was completed on three sections drilled 400m, 800m and 1,200m 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 spring 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. Drill hole length does not necessarily represent true thickness. A plan showing the relative location of the Spring 2012 drilling and the recent drilling can be found in the PDF version of this release on Sedar or here:
http://jourdan.ca/pdf/20130207JORDRILLING.pdf.
The recent drilling intersected the phosphate mineralized zone in each hole including 5 drill holes where mineralization was encountered from the top to bottom of the drill hole. At least one of these completely mineralized drill holes was intersected on each of the three sections. In section 5700 drill hole DL025 intersected 137.80 metres averaging 3.02% P2O5, in section 6100, drill hole DL030 intersected 120.58 metres averaging 2.55% P2O5 and in section 6500 drill hole DL033 intersected 120.82 metres averaging 2.54% P2O5. A more detailed plan view map showing all the recent holes with locations of assays can be found in the PDF version of this release on Sedar or here: http://jourdan.ca/pdf/20130219Plan.pdf.
Michael Dehn, Jourdan's President and CEO states "We have been rewarded, by patient planning and deliberate targeting, with meaningful phosphate mineralization in every hole drilled in the recent campaign, on large step-out sections. This demonstrates our plan is working, and in our opinion, exceeding our expectations. We feel that the Main Phosphate Horizon on the Dissimieux Lake Phosphate Property has the potential to extend for many more kilometres in length and that additional testing on this zone should yield results similar to those returned to date."
Within some of the drill holes, zones of higher grade mineralization were intersected including an 18.0m section averaging 4.24% P2O5 intersected in DL026, a 28.6m section averaging 3.46% P2O5 in DL024 and an 23.30m section averaging 3.47% P2O5 intersected in DL030.
"This successful drill program was planned to expand the areas of mineralization and has demonstrated our ability to accurately target mineralization on the main phosphate horizon." states Stephen Wallace, VP Exploration of Jourdan. "We have not yet had the opportunity to test the potential parallel phosphate horizons that have returned higher phosphate values on surface. The opportunity to find more phosphate mineralization on the Dissimieux Lake Phosphate Property, in our opinion, remains very strong."
Composite Drill Core intersections are listed below:
Hole Number From To Length % Zone S/E/A*
(m) (m) (m) P2O5
-------------------------------------------------------------------------
DL024 33.00 140.90 107.90 2.96 E1 E
including 95.30 123.90 28.60 3.46 E1 -
-------------------------------------------------------------------------
DL025 3.00 140.80 137.80 3.02 E1 A
including 15.00 60.00 45.00 3.22 E1 -
and 93.00 140.80 47.80 3.31 E1 -
-------------------------------------------------------------------------
DL026 20.72 63.00 42.28 3.38 E1 -
including 39.00 57.00 18.00 4.24 E1 -
and 78.33 126.00 47.67 2.61 E1 -
-------------------------------------------------------------------------
DL027 12.50 48.66 36.16 2.57 E1 S
-------------------------------------------------------------------------
DL028 111.00 129.00 18.00 2.86 E1 E
-------------------------------------------------------------------------
DL029 21.00 123.00 102.00 2.35 E1 A
including 30.00 79.70 49.70 2.73 E1 -
-------------------------------------------------------------------------
DL030 9.70 130.28 120.58 2.55 E1 A
including 9.70 33.00 23.30 3.47 E1 S
-------------------------------------------------------------------------
DL031 17.20 48.53 31.33 2.93 E1 S
and 61.45 68.00 6.55 3.19 E1 -
and 75.44 111.00 35.56 2.38 E1 -
-------------------------------------------------------------------------
DL032 1.40 20.59 19.19 2.44 E1 S
and 51.00 94.32 43.32 2.17 E1 -
-------------------------------------------------------------------------
DL033 5.46 126.28 120.82 2.54 E1 A
including 64.08 110.45 46.37 3.28 E1 -
-------------------------------------------------------------------------
DL034 7.00 39.00 32.00 2.90 E1 A
-------------------------------------------------------------------------
drill hole length does not necessarily represent true thickness
-------------------------------------------------------------------------
*S/E/A - Bedrock (S)tarts in mineralization
(E)nds in mineralization, or is (A)ll mineralized
-------------------------------------------------------------------------
Detailed sections of the drilling can be found in the PDF version of this release on Sedar, or at:
http://jourdan.ca/pdf/20130219Sec5700.pdf
http://jourdan.ca/pdf/20130219Sec6100.pdf
http://jourdan.ca/pdf/20130219Sec6500.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 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:
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
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.