Jourdan Resources Inc. reported that all four of its first drill holes for its winter 2022 drilling campaign overlapped with the recently discovered spodumene-bearing pegmatite swarm on its Vallée property at an earlier underexplored eastern position, which the Company believes has not been revealed by the North American Lithium mine to the west of Vallée.
The Company’s 2000 m diamond drilling program will follow up on the results of a bulk sample taken in 2018 and a fence line drilled in 2011 and 2021 along the western side of the Vallée property, which borders the North American Lithium mine. This drilling campaign, which is generally set out on a 100 m × 100 m grid, intends to finish the northern expansion of the drilled fence line that began in Q3 2021.
The drill program is expected to significantly extend the known deposit at the Vallée property to the east. The pegmatite swarm discovered by the trenching of the bulk sample gathered on the Vallée property in 2018 will be targeted by drilling 10 holes of about 200 m depth each.
Source: Jourdan Resources Inc.
||7 interceptions of 1 to 3 m spodumene dyke.
||1 interception of 1 m spodumene dyke.
||6 interceptions of 1 to 2 m spodumene dyke.
||5 interceptions of 1 to 2 m spodumene dyke.
The high Li2O grades found in the bulk sample inspired the Company to keep exploration and exploratory drilling along the strike and depth extents of its Vallée property.
Since the commencement of the exploration work in 2011, Jourdan has greatly expanded its database by adding new drill holes. With 21 drill holes (4256 m) drilled in 2011, eight drill holes (1680 m) drilled in 2021, and a planned 2000 m round of drilling in 2022, Jourdan is on track to have more than 7900 m (39 drill holes) of the core that the Company intends to use in the future to establish a preliminary mineral resource estimate.
With the net proceeds received from the flow-through financing we completed before the end of last year, we are excited at the possibilities of our latest drill program. Jourdan’s goal for this year continues to be to define a preliminary mineral resource estimate, with our eventual goal being to become Quebec’s next lithium producer.
Rene Bharti, CEO, Jourdan
Dr. Andreas Rompel, Jourdan’s Executive Chairman added, “We now have demonstrated that we have a new Li-bearing and spodumene-rich pegmatite in several intersections which we did not know before. This particular pegmatite is not exposed in the open pit of the neighboring North American Lithium mine. We believe this will add significantly to the known deposit size.”