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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 | - |
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JOURDAN RESOURCES INC. (TSX VENTURE:JRN) ("JOURDAN" or the "Company")
(www.jourdan.ca) is pleased to report on interval assay results from the
recently completed winter 2010 diamond drilling campaign on the Drucourt Uranium
Zone ("Drucourt") at the Company's wholly-owned prospective Baie Johann-Beetz
Property (the "Property"), located 25 km due east-northeast of the community of
Baie Johann-Beetz along Quebec's Lower North Shore Uranium Belt.
JOURDAN completed 2,111.0 metres of drilling in 20 holes along a nearly 800
metre segment of Drucourt to validate historical drill results. Significant
interval assay results were outlined in 9 holes and are given as follows (a
complete listing of interval assay results and QA/QC protocols are appended):
-- 131.2 metres of 0.013% U3O8 from near surface to a down hole depth of
131.7 metres (BJB-10-06). The interval includes 23.0 metres of 0.030%
U3O8 from 31.0 metres to 54.0 metres, and 1.2 metres of 0.104% U3O8 from
50.8 metres to 52.0 metres;
-- 69.0 metres of 0.010% U3O8 from 24.0 metres to 93.0 metres (BJB-10-05A).
The interval includes 20.0 metres of 0.021% U3O8 from 35.0 metres to
55.0 metres, and 2.0 metres of 0.043% U3O8 from 44.0 metres to 46.0
metres;
-- 46.8 metres of 0.010% U3O8 from 2.9 metres to 49.7 metres (BJB-10-01).
The interval includes 13.0 metres of 0.023% U3O8 from 12.0 metres to
25.0 metres, and 4.3 metres of 0.037% U3O8 from 75.6 metres to 80.9
metres;
-- 37.4 metres of 0.013% U3O8 from 10.0 metres to 47.4 metres (BJB-10-2A).
The interval includes 5.0 metres of 0.031% U3O8 from 36.5 metres to 41.5
metres, and 1.0 metre of 0.062% U3O8 from 39.5 metres to 40.5 metres;
and
-- 5 additional intersections of 29.0 metres of 0.011% U3O8 from 71.0
metres to 100.0 metres (BJB-10-03), 31.0 m of 0.011% U3O8 from surface
to 31.0 metres (BJB-10-08), 33.2 metres of 0.010% U3O8 from 1.0 metre to
34.2 metres (BJB-10-09A), 30.5 metres of 0.010% U3O8 from surface to
30.5 metres (BJB-10-10), and 23.0 metres of 0.011% U3O8 from 43.0 metres
to 66.0 metres (BJB-10-10A).
Mr. Emilien Seguin, JOURDAN's President and CEO stated "JOURDAN was successful
in validating the historical uranium assay results from the Drucourt Uranium
Zone. We also increased the surface length of the uranium mineralization from
400 metres to over 800 metres, as well as increasing the depth from 50 metres to
150 metres. The host rock for the uranium mineralization is a very
coarse-grained, late-stage and massive biotite-granite pegmatite permeating and
crosscutting the host mineralized biotite gneisses, which locally adds
significant core lengths to the uranium mineralization such as in hole BJB-10-06
with 131.2 metres of 0.013% U3O8. JOURDAN will now evaluate the impact of these
results in comparison to the historic mineral resources defined for Drucourt."
The Baie Johann-Beetz Uranium Property
The Property consists of 32 mining claims, including the original 8 claim North
and South Claim Blocks, totaling 1,800 hectares (18 km2). The South and North
Claim Blocks are located 5 km and 8 km north-northeast of Kilometre 1312 on
Provincial Highway #138. Historic trenching and shallow diamond drilling on the
Property to a maximum -50 m depth in the 1960's and 1970's identified two 500 m
long Uranium corridor, one of which termed Drucourt contains between 17 to 18
million tonnes grading 0.024 to 0.026% (0.48 to 0.52 lbs/ton) U3O8 for 9 to 10
million pounds of U3O8 in Potential Resources (Minorex, 2006). Potential
Resources outline the potential quantity and grade of the mineralization. It is
not a recognized Mineral Resources category; it is conceptual in nature, and
should only be considered has an indication of the uranium mineralization. There
has been insufficient exploration to define a mineral resource and it is
uncertain if further exploration will result in the discovery of a mineral
resource. A Qualified Person has not done sufficient work to classify the
mineral resource estimates as current mineral resources.
The Property is strategically situated within the Lower North Shore Uranium Belt
of Quebec, a major Uranium bearing corridor that also hosts Uracan Resources
Inc. (TSX-V: URC) ("Uracan") North Shore Uranium Project. Uracan has already
outlined current Inferred Mineral Resources of 154.9 million tonnes at an
average grade of 0.012% (0.24 lbs/ton) U3O8 for 40 million pounds of U3O8 in the
"Middle" and "TJ" Zones (www.sedar.com). The Property is enclosed by Uracan's
North Uranium Shore Property with the "Middle" and "TJ" Zones located 28 km to
the west.
JOURDAN's strategy is focused on proving up higher quality Uranium resources on
the Property, as it initially aims at validating and eventually doubling the
current 9 to 10 million pounds of U3O8 to at least 20 million pounds U3O8 in
National Instrument ("NI") 43-101 compliant Mineral Resources, and if successful
eventually delineate the Uranium mineralization over the multi-kilometric trend
as a high tonnage, low grade Uranium mineral resource.
The Phase 1 winter drilling campaign on the Property consisted of twinning of
1970's vintage drill holes within the original 500 m strike length of Drucourt
to validate historic grades and continuity, and extending the known uranium
mineralization along strike.
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, Lithium, Phosphorus, Titanium and REE's) sectors of eastern
Canada. All of the Company's properties are currently at the exploration stage
in the North Shore, Mauricie and James Bay regions of Quebec.
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, revised and
approved by Mr. Jean Lafleur, M. Sc., P. Geo., Senior Technical Consultant to
JOURDAN, and Mr. Emilien Seguin, President of JOURDAN. Both individuals are
Qualified Persons under NI 43-101 regulations.
Table of complete interval assay results from the winter 2010 diamond drilling
campaign completed at the Baie Johann-Beetz Property.
----------------------------------------------------------------------
DRILL HOLE FROM TO LENGTH ppm %
# (m) (m) (m) U3O8 U3O8
----------------------------------------------------------------------
BJB-10-01 2.9 49.7 46.8 103 0.010
------------------------------------------------------------
incl. 12.0 25.0 13.0 232 0.023
------------------------------------------------------------
incl. 18.0 25.0 7.0 303 0.030
------------------------------------------------------------
75.6 88.6 13.0 145 0.015
------------------------------------------------------------
incl. 75.6 80.9 4.3 371 0.037
----------------------------------------------------------------------
BJB-10-02 no significant intervals
----------------------------------------------------------------------
BJB-10-2A 10.0 47.4 37.4 129 0.013
------------------------------------------------------------
incl. 10.0 19.0 9.0 197 0.020
------------------------------------------------------------
incl. 15.0 17.0 2.0 450 0.045
------------------------------------------------------------
incl. 24.5 26.5 2.0 209 0.021
------------------------------------------------------------
incl. 36.5 41.5 5.0 314 0.031
------------------------------------------------------------
incl. 39.5 40.5 1.0 620 0.062
----------------------------------------------------------------------
BJB-10-03 71.0 100.0 29.0 114 0.011
------------------------------------------------------------
incl. 76.0 81.0 6.0 258 0.026
------------------------------------------------------------
incl. 79.9 81.0 1.1 641 0.064
------------------------------------------------------------
incl. 97.0 100.0 3.0 234 0.023
------------------------------------------------------------
incl. 98.0 100.0 2.0 316 0.032
----------------------------------------------------------------------
BJB-10-04 no significant intervals
----------------------------------------------------------------------
BJB-10-05 no significant intervals
----------------------------------------------------------------------
BJB-10-05A 24.0 93.0 69.0 104 0.010
------------------------------------------------------------
incl. 35.0 55.0 20.0 205 0.021
------------------------------------------------------------
incl. 44.0 46.0 2.0 433 0.043
----------------------------------------------------------------------
BJB-10-06 0.5 131.7 131.2 132 0.013
------------------------------------------------------------
incl. 8.0 12.0 4.0 207 0.021
------------------------------------------------------------
incl. 8.0 9.0 1.0 388 0.039
------------------------------------------------------------
incl. 19.0 21.0 2.0 247 0.025
------------------------------------------------------------
incl. 31.0 54.0 23.0 296 0.030
------------------------------------------------------------
incl. 31.0 34.0 3.0 364 0.036
------------------------------------------------------------
incl. 36.0 39.3 3.3 285 0.029
------------------------------------------------------------
incl. 42.3 53.0 11.3 364 0.036
------------------------------------------------------------
incl. 46.3 49.3 3.0 417 0.042
------------------------------------------------------------
incl. 50.8 52.0 1.2 1,038 0.104
------------------------------------------------------------
incl. 60.0 67.0 7.0 218 0.022
------------------------------------------------------------
incl. 65.0 67.0 2.0 419 0.042
------------------------------------------------------------
incl. 76.0 80.0 4.0 238 0.024
------------------------------------------------------------
incl. 77.0 79.0 2.0 354 0.035
------------------------------------------------------------
incl. 128.0 129.7 1.7 359 0.036
----------------------------------------------------------------------
BJB-10-6A 5.0 24.0 19.0 120 0.012
------------------------------------------------------------
incl. 7.0 10.0 3.0 188 0.019
------------------------------------------------------------
incl. 18.0 21.0 3.0 326 0.033
------------------------------------------------------------
incl. 19.0 21.0 2.0 436 0.044
------------------------------------------------------------
60.0 65.3 5.3 147 0.015
------------------------------------------------------------
incl. 61.0 62.0 1.0 540 0.054
----------------------------------------------------------------------
BJB-10-07 29.0 34.0 5.0 161 0.016
------------------------------------------------------------
incl. 29.0 30.0 1.0 517 0.052
----------------------------------------------------------------------
BJB-10-7A no significant intervals
----------------------------------------------------------------------
BJB-10-08 0.0 31.0 31.0 108 0.011
------------------------------------------------------------
incl. 3.0 10.0 7.0 279 0.028
------------------------------------------------------------
incl. 3.0 5.0 2.0 402 0.040
------------------------------------------------------------
incl. 7.0 9.0 2.0 368 0.037
------------------------------------------------------------
80.0 86.0 6.0 100 0.010
------------------------------------------------------------
111.0 117.0 6.0 109 0.011
------------------------------------------------------------
127.4 138.0 10.6 160 0.016
------------------------------------------------------------
incl. 127.4 132.0 4.6 344 0.034
----------------------------------------------------------------------
BJB-10-8A 0.05 4.0 3.5 120 0.012
------------------------------------------------------------
42.0 55.0 13.0 109 0.011
------------------------------------------------------------
incl. 42.0 49.0 7.0 154 0.015
----------------------------------------------------------------------
BJB-10-9 96.0 109.0 13.0 117 0.012
------------------------------------------------------------
incl. 104.0 107.0 3.0 185 0.019
------------------------------------------------------------
139.0 153.0 14.0 102 0.010
----------------------------------------------------------------------
BJB-10-09A 1.0 34.2 33.2 101 0.010
------------------------------------------------------------
incl. 6.0 12.0 6.0 187 0.019
------------------------------------------------------------
incl. 29.0 34.2 5.2 251 0.025
----------------------------------------------------------------------
BJB-10-10 0.0 30.5 30.5 104 0.010
----------------------------------------------------------------------
incl. 12.0 5.0 3.0 205 0.021
----------------------------------------------------------------------
incl. 20.0 30.5 10.5 177 0.018
----------------------------------------------------------------------
incl. 20.0 25.0 5.0 267 0.027
----------------------------------------------------------------------
BJB-10-10A 19.1 26.0 6.9 106 0.011
----------------------------------------------------------------------
36.9 39.5 2.6 118 0.012
----------------------------------------------------------------------
43.0 66.0 23.0 106 0.011
----------------------------------------------------------------------
BJB-10-11 0.0 4.0 4.0 110 0.011
----------------------------------------------------------------------
Note: NQ-sized drill core from the Baie Johann-Beetz Uranium Property was logged
on site; NQ-drill core was split in half using a hydraulic core splitter; half
of the core averaging 1.0 metre in length (ranging from 0.5 metres to 2.0
metres) was placed in a plastic bag, tagged and sealed for sample shipping.
Multiple samples were inserted in large numbered nylon bags and shipped via
commercial truck transport to the ALS Laboratory Group facility in Val-d'Or,
Quebec. Individual samples were identified, bar-coded, dried and weighed;
followed by fine crushing to 70% under 2 millimetres; then split using a riffle
splitter; followed by the split sample being pulverized. Thorium and Uranium
analysis followed using the ME-XRF05 Method.
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