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JRN Jourdan Resources Inc.

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Share Name Share Symbol Market Type
Jourdan Resources Inc. TSXV:JRN 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 -

JOURDAN Acquires Dissimieux Lake Titanium-Phosphate-Rare Earth Elements Property (Quebec) Containing Historical Resources of 235

06/05/2010 1:30pm

Marketwired Canada


Jourdan Resources Inc. (TSX VENTURE:RN)(FRANKFURT:NSV)(WKN:A1CWQ8) 



--  Host gabbro contains 10% iron-titanium dioxide (ilmenite) and 10%
    calcium phosphate (apatite) 

--  Historical metallurgical test work recovered 62.5 % of the ilmenite to
    produce a concentrate at 48.1% TiO2 and recovered 92 % of the apatite to
    produce a concentrate at 41.2 % P2O5 

--  One sample from the apatite concentrate assayed 0.18% Total Rare Earth
    Elements ("TREE's" = REE's + Yttrium) 



Jourdan Resources Inc. ("JOURDAN" or the "Company") (www.jourdan.ca) is pleased
to announce the acquisition of the Dissimieux Lake Titanium-Phosphate-REE's
Property (the "Property") from the La Blache Lake Anorthositic Complex, located
140 km northwest of Baie-Comeau and 130 km north of Forestville (Quebec) along
the Upper North Shore of the St-Lawrence River, and approximately 350 km in-line
north-northeast of Quebec City.


The Property consists of 30 claims for 1,665.9 hectares or 16.7 km2, and is road
accessible via Provincial Highway #138 at Forestville, then driving northward on
Highway #385 to Labrieville, and from there using a network of secondary gravel
forestry roads provides direct access to the Property on the east-southeast
shore of Dissimieux Lake. The Property hosts titanium-phosphate
(ilmenite-apatite) mineralization located near the southern margin of the La
Blache Anorthositic Complex (the "LBAC"). The LBAC is elongated in a
northeast-southwest direction and stretches over 60 km by 15 to 25 km wide, and
was emplaced into a highly metamorphosed and folded package of steeply dipping,
north-northeast dipping paragneisses and amphibolites of the Grenville
Geological Province. The Property is dominated by steep hills, with elevations
ranging from 435 m to 700 m above sea level. 


Only regional geophysical surveying and geological mapping had been carried out
in the Property area before AFCAN Mining Corporation ("AFCAN"), formerly known
as Societe d'exploration Miniere et petroliere Gaspesie, staked the original
claims at Dissimieux Lake. AFCAN completed detailed mapping, sampling and
geophysical surveys over the original property (Pritchard, 1994, in GM53348;
Birkett, 1995 and 1996, in GM 53515 and GM 54835; Oswald and Birkett, 1996, in
GM 54764). A drill program of 8 holes totalling 637.5 m on two sections was also
carried out in 1994 by AFCAN (GM 53349). 


Ilmenite-apatite concentrations were traced for more than 6 km of strike length
along a northeast-southwest orientation, up to 1 km wide, near the south shore
of Dissimieux Lake. The mineralization was hosted in several bands 20 m to 50 m
wide made up of finely disseminated magmatic apatite and ilmenite, associated
with gabbro, and the ilmenite occurred as a magnetite-ilmenite assemblage linked
to magnetic high anomalies. The average grades calculated from surface sampling
was 5% TiO2 (corresponding to 10% ilmenite) and 3.5% P2O5 (corresponding to 10%
apatite). The corresponding average grades from the core samples were 4.72% TiO2
and 3.65% P2O5, with highs of 8.35% TiO2 and 4.42% P2O5. Lower intensity
magnetic anomalies retained the higher TiO2 grades but were lower in P2O5. 


Lakefield Research of Canada Ltd. ("Lakefield") (1997, in GM 54867; 1998, in GM
56490), COREM (2000, in GM 58571) and Lakefield (2000, in GM 58570) assessed the
feasibility of concentrating the titanium and phosphate. Lakefield achieved
recoveries of 92 % of the apatite to produce a concentrate at 41.2 % P2O5, and
recovered 62.5 % of the ilmenite to produce a concentrate at 48.1% TiO2 with a
sample containing 3.5 % P2O5 and 5.4 % TiO2. It was concluded at the time that
the higher the TiO2 and P2O5 grades in rocks, the higher the recoveries in
concentrates. 


Met-Chem Canada Inc. ("Met-Chem") (2000, in GM 58569) made an attempt to
estimate the "Mining Potential" of the southern portion of the ilmenite-apatite
mineralization. The underlying concept rested entirely on the assumption that a
direct correlation existed between the strong magnetic anomalies and the
ilmenite-apatite mineralization. However, this relationship was never confirmed
as the mafic components of the LLBAC, such as the gabbros and the ultramafic
rocks exhibited high magnetic susceptibilities, even in the absence of
ilmenite-apatite mineralization.


Nevertheless to estimate the resources, Met-Chem used the two drilled sections
from AFCAN, the geophysical surveys and geological mapping. The cumulative
length of favorable magnetic anomalies covered 11,200 m, multiplied by width
(averaging 90 m) of the mineralization based on the area of mineralization
calculated from the two existing drill sections to a maximum depth of 75 m. A
specific gravity of 3.25 tonnes per m3 was used based on core samples.
"Anticipated Resources" of 235 million tonnes were estimated at a grade of 4.72%
TiO2 and 3.65% P2O5 based on the drill core results (Met-Chem, 2000, in
GM58569). The estimate is considered historic Mineral Resources. 


The terms "Mining Potential" and "Anticipated Resources" are not recognized
National Instrument ("NI") 43-101 Mineral Resources or Mineral Reserves
categories, and therefore should not the relied upon. There has been
insufficient work and a Qualified Person has not reviewed nor evaluated "Mining
Potential", "Anticipated Resources" or historic Mineral Resources in terms of NI
43-101 standards to qualify the estimates into to current Mineral Resources.
There is no evidence at this time to suggest that any future exploration would
result in any of the estimates being converted into NI 43-101 compliant Mineral
Resources. JOURDAN is of the opinion that the estimates reflects either the
ilmenite-apatite or titanium-phosphate mineralization potential of the Property.


The last major work on the Property was the Met-Chem scoping study (2000, in GM
58569). Met-Chem indicated the ilmenite-phosphate mineralization was amenable to
open-pit mining with a 1:1 waste to ore. It was proposed to transport the
concentrate via a pipeline at a cost of $3.28 per tonne transported based on a
yearly transport of 457,500 tonnes of concentrate (217,500 tonnes of ilmenite
and 240,000 tonnes of apatite) over a distance of 140 km. In 2009, the Vendors
assayed a sample from the original apatite concentrate for Rare Earth Elements
("REE's") and Rare Metal analysis at ALS Laboratories using the 38 element
ICP-MS Analytical Method (ME-MS81) (refer to the appended table). The apatite
concentrate sample contains 0.18% TREE's, of which 72% are LREE's (Light REE'S:
La, Ce, Pr, Nd, Pm, Sm) and 28% are HREE's (Heavy REE's: Eu, Tb, Dy, Ho, er, Tm,
Yb, Lu, Y). The most significant REE's results are 517 ppm Cerium (Ce), 66 ppm
Dysprosium (Dy), 115 ppm Gadolinium (Gd), 169 ppm Lanthalum (La), 405 ppm
Neodynium (Nd), 85 ppm Praseodymium (Pr), 98 ppm Samarium (Sm), 521 ppm
Strontium (Sr) and 348 ppm Yttrium (Yt).


JOURDAN's strategy going forward is focused on proving up the highest quality NI
43-101 compliant Mineral Resources on the Property, as it initially aims at
validating and confirming the previous work and the historic Mineral Resources
estimate of 235 million tonnes grading 4.72% TiO2 and 3.65% P2O5 to National
Instrument 43-101 compliant Mineral Resources in either the Inferred category or
in higher categories, and if successful, eventually test the full mineralization
potential over the multi-kilometric trend as a high tonnage titanium oxide (in
ilmenite), phosphate (in apatite) and REE's (in apatite) mineral resource. 


The Purchase Agreement 

Under the terms of a purchase agreement, Mr. Emilien Seguin, the Company's
President and CEO transferred his one-third interest in the claims to JOURDAN
for the sum of C$ 1. The other arm's length parties have agreed to transfer to
the Company an additional one-third (33.3%) Property interest if JOURDAN renews
the claims before the claim renewal date of May 28, 2010. JOURDAN Property
interest would then be increased to 66.7%, and a joint venture would be formed
between JOURDAN and the Vendors. If the Vendors elect not participate in the
joint venture, their one-third (33.4%) Property interest will be diluted at the
rate of 5% per each slice of $500,000 in exploration work until their remaining
Property interest reaches 10%, which will then be a free-carried, with JOURDAN
having earned a 90% Property interest. There are no royalties attached to the
Property. The purchase agreement is subject to final Board and regulatory
approvals.


Key facts on ilmenite-titanium and apatite-phosphate (www.wikipedia.org)

Titanium ore or ilmenite is refined into titanium dioxide or TiO2, a white
permanent pigment used in paints, paper, toothpaste and plastics. TiO2 powder is
chemically inert, resists fading in sunlight, and is very opaque, allowing it to
impart a pure and brilliant white color to the brown or gray chemicals in
plastics. Titanium dioxide is also used in sunscreens due to its ability to
protect skin. It is used in air purifiers as a filter coating, or in film used
to coat windows on buildings which when exposed to UV light (either solar or
man-made).


Due to their high tensile, high corrosion resistance and ability to withstand
moderately high temperatures without creeping, titanium alloys are used in
aircraft, armor plating, naval ships, spacecraft and missiles. Titanium alloyed
with aluminium and vanadium is used for critical structural parts, fire walls,
landing gear, exhaust ducts, and hydraulic systems. About two-thirds of all
titanium metal produced is used in aircraft engines and frames. An estimated 59
tonnes are used in the Boeing 777, compared to 45 tonnes in the Boeing 747 and
146 tonnes in the Airbus A380. With its high corrosion resistance to sea water,
titanium is used to make propeller shafts and rigging and in the heat exchangers
of desalination plants. 


Titanium is also used to manufacture the housings and other components of
ocean-deployed surveillance and monitoring devices for scientific and military
use. Welded titanium pipe and process equipment are used in the chemical and
petrochemical industries primarily for corrosion resistance. The pulp and paper
industry uses titanium in process equipment exposed to corrosive media. Titanium
metal is used in automotive applications. Because it is non-toxic and is not
rejected by the body, titanium is used in medical applications including
surgical implements and implants.


The primary use of apatite is in the manufacture of fertilizer, since it is a
source of phosphorus. Apatite is occasionally found to contain significant
amounts of REE's and can be used as an ore for those metals since apatite is
non-radioactive. 


About Jourdan Resources Inc.

Jourdan Resources Inc. is a Canadian junior mining exploration company trading
under the symbol JRN on the TSX Venture Exchange. The Company is focused on the
acquisition, exploration, production, development and if, as the case may be,
the operation of mining properties in strategic bulk mineable industrial metals
(such as Uranium, REE's, Titanium and Phosphates) sectors of eastern Canada. All
of the Company's properties are currently at the exploration stage in Quebec's
North Shore and Mauricie regions. 


Visit the Company's website at www.jourdan.ca

You can download Jourdan's Corporate Summary from www.jourdan.ca/jrn.pdf

The technical information in this news release was prepared, by Mr. Jean
Lafleur, M. Sc., P. Geo., Senior Technical Consultant to JOURDAN. Mr. Emilien
Seguin, President of JOURDAN, approved the content of this news release. Both
individuals are Qualified Persons under NI 43-101 regulations. 


BACKGROUNDER

Rare Earth Elements,Trace Elements and Metals from the original apatite
concentrate at the Dissimieux Lake Titanium-Phosphate-REE's Property.




----------------------------------------------------------------------
RARE EARTH ELEMENTS (in ppm)                                          
----------------------------------------------------------------------
   La   Ce  Pr   Nd   Pm  Sm  Eu   Tb  Dy  Ho  Er  Tm  Yb    Y  TREE's
----------------------------------------------------------------------
  169  517  85  405  n/a  98  23   14  66  11  28   2  13  348   1,779
----------------------------------------------------------------------
TRACE ELEMENTS (in ppm)                                               
----------------------------------------------------------------------
   Ba   Cs  Ga   Gd   Hf  Nb  Rb   Sr  Ta  Th  Tl   U   V    W      Zr
----------------------------------------------------------------------
    8   tr   4  115   tr   3  tr  521  tr   2  tr   1   5    1      17
----------------------------------------------------------------------
METALS (in ppm)                                                       
----------------------------------------------------------------------
   Co   Cr  Cu   Mo   Pb  Sr  Zn                                      
--------------------------------                                      
    3   tr  tr   tr   tr  tr  14                                      
----------------------------------------------------------------------



Note: n/a - not available; tr - trace; TREE's - Total Rare Earth Elements;
numbers are rounded as per NI 43-101 guidelines.


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