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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Jourdan Resources Inc | TSXV:JOR | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.07 | 0.065 | 0.07 | 0 | 01:00:00 |
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES JOURDAN RESOURCES INC. (TSX VENTURE:JOR) ("JOURDAN" or the "Company") (www.jourdan.ca) is pleased to announce that it has received the first batch of assay results from prospecting and mapping on its Dissimieux Lake Phosphate Project. More than 100 assay results are still pending at ASL Minerals, of Vancouver, BC, and will be released when they have been received by the company. Samples results received to date cover approximately 6 km of strike length. These assay grade results are in line with expectation based on historical work on the claims. The extension of mineralization to the south-southwest on the original claim block, as well as to the east on the recently staked block of claims provides additional areas to target by drilling for near surface phosphate mineralization. The highest assays report 3.92% P2O5 from within the area of historical mineralization in sample J413004. Sample J413023 reports 3.83% P2O5 from what appears to be a parallel mineralized structure to the historical mineralization, approximately 1km east of the historical mineralization. Samples J413031 and J413033 appear to be the extension of the historical mineralization, and are 1km south-southwest of any previous sampling on the property. In another parallel mineralized structure, approximately 700m southeast of samples J413031 and J413033, sample J413029 returned 1.76% P2O5in what may be the extension of the mineralization identified in sample J413023, or what may be another mineralized zone that lies between the zone historically identified and sample J413023. A table of results received is presented below: Sample (i)Northing (i)Easting % P2O5 % TiO2 % Fe2O3 Claim Block -------------------------------------------------------------------------- J413002 5520813 443388 3.08 3.64 20.40 Original J413003 5521564 444168 3.01 3.42 20.00 Original J413004 5521042 443725 3.92 4.08 23.50 Original J413005 5522523 443747 0.01 0.38 8.77 Recently Staked J413006 5521512 444170 2.92 3.28 19.70 Original J413007 5521031 444216 0.75 3.15 27.20 Original J413008 5520849 444013 2.56 3.68 23.20 Original J413009 5521051 443597 2.91 4.01 23.30 Original J413010 5521603 444742 1.12 2.44 25.70 Original J413011 5521215 443788 2.12 3.55 24.10 Original J413012 5521151 443829 3.57 3.70 19.70 Original J413013 5521125 443857 3.77 6.04 30.10 Original J413014 5520967 443550 2.21 3.41 16.25 Original J413015 5521595 444156 2.84 3.79 26.20 Original J413016 5520603 444645 0.02 0.19 8.01 Recently Staked J413023 5518716 443338 3.83 4.61 27.30 Recently Staked J413024 5519248 442356 3.07 4.46 23.60 Original J413025 5519610 442700 2.98 4.81 25.30 Original J413026 5519631 442711 2.75 4.27 27.10 Original J413027 5519406 442029 0.03 3.34 20.60 Original J413028 5519391 442047 0.05 0.64 12.00 Original J413029 5517076 442060 1.76 3.77 36.20 Recently Staked J413030 5517705 441859 2.88 4.83 34.90 Original J413031 5517703 441860 0.18 0.73 8.80 Original J413032 5517862 441748 3.68 6.03 37.90 Original J413033 5517985 441749 2.87 4.81 32.20 Original (i)UTM NAD 83 Zone 19 A map showing the location of samples relative to claims and topography is available at: http://64.64.12.20/%7Ejourdan/20111116PR2.pdf Quality assurance / Quality Control ("QA/QC") Surface grab samples averaging 1 kilogram each were taken by qualified personnel from JOURDAN under the supervision of Jean Lafleur, M.Sc., P. Geo. Samples were bagged, sealed and numbered on-site, and delivered to the ALS Laboratory Group facility in Val-d'Or (Quebec) for analysis using the ME-ICP06 Method. At the laboratory facility, samples were inventoried, weighed and dried; crushed 70% to under 2 millimetres; riffled split with a 250 gram sub-sample pulverized 85% to under 75 microns; then followed by analysis. The technical information in this news release was approved by Mr. Jean Lafleur, M. Sc. P. Geo, a Consultant to Jourdan Resources, who is a Qualified Person under NI 43-101 regulations. 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 and Rare Metals or High Technology Metals ("HTMs") sectors of eastern Canada. The Company's properties are currently at the exploration stage and are located along the North Shore, the Mauricie, the Abitibi and James Bay regions of Quebec. Please visit the Company's website at www.jourdan.ca 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.
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