Posted in | Rare Earth Elements

Jourdan Resources Announces Assay Results from Pivert-Stairs Rare Metals Property

JOURDAN RESOURCES INC. (TSX VENTURE:JOR) has announced assay results from the first grab samples from the newly discovered spodumene-bearing intrusives taken during the field prospecting program on the Company's 94 claims / 49.5 km2 Pivert-Stairs Rare Metals Property in the James Bay Mining District of northern Quebec.

The new discovery is located 1 km east-southeast of Pivert/Rose Rare Metals property where recent work outlined significant quantities of the Rare Metals Lithium, Rubidium, Tantalum, Beryllium, Niobium and Gallium.

There are 4 new northwest-southeast trending spodumene-bearing intrusives uncovered within an outcrop surface of 300 metres by 200 metres located 1 km east of First Gold Exploration's Pivert Showing. The main spodumene-bearing intrusive is at least 10 metres wide and has been uncovered over a 25 metres length. The other intrusives run parallel and they all tend to be subhorizontal. There is significant spodumene-bearing angular boulder field associated with the discovery trending further to the south possibly indicating additional spodumene-bearing intrusives in this direction.

Of the 88 grab samples taken to date during the ongoing prospecting phase of the program from all four claim blocks of the Property, some 19 grabs were taken from the spodumene discovery outcrops at the Pivert East #2 Claim Block. The average grades of the 19 grab samples are 1.06% Li2O, 72 ppm Gallium, 88 ppm niobium, 1,441 ppm Rubidium and 75 ppm tantalum. In comparison, average grades from First Gold Exploration's Pivert Showing are 1.40% Li2O in 5 grab samples. Assay results for Lithium Oxide, Rubidium, Tantalum, Niobium and Gallium are outlined in the following table:

JOURDAN's ground prospecting campaign is progressing as planned and the exploration program will include a regional airborne geophysical survey (Magnetics, EM and radiometrics) to better identify the spodumene-bearing intrusives on the 12+ km long Pivert-Stairs (Rare Metals) Corridor on the Property.

Sampling Protocols, Quality Assurance and Quality Control

Grab samples consist of 0.5-2 kg samples that were bagged, tagged and sealed on-site. Samples were transported by JOURDAN personnel to the ALS Group laboratory facilities in Val-d'Or (Quebec) for sample preparation, and shipped to the ALS facility in North Vancouver (British Columbia) for assay using the multi-element mass spectrometer 38-element ME-MS81 Method and the ME-OG63 Method for Lithium (the Lithium to Lithium Oxide conversion factor is 2.153). In Val-d'Or, samples were weighed, dried and crushed 70% to less than 2 mm; a 250 g split was pulverized 85% to under 75 µm; and bagged for shipment and assay to North Vancouver. Blanks and standards were inserted by the laboratory in the sample stream prior to assaying.

JOURDAN's Pivert-Stairs Rare Metals Property

The Property consist of the Pivert East #2 Claim Block (12 claims; 636 hectares for 6.4 km2) immediately contiguous and less than 1 kilometre to the northeast of the First Gold Exploration (TSX-V: EFG) ("First Gold") Lac Pivert Lithium Showing on First Gold's Pivert/Rose Rare Metals Property; the Lac Pivert West Claim Block (2 claims; 106 hectares for 1.1 km2) between First Gold's Lac Pivert Lithium and 2.5 kilometres from their new Rose Lithium-Rubidium Discovery; the Stairs Claim Block (43 claims; 2,282 hectares for 22.8 km2) immediately contiguous to the southwest of First Gold's Rose Lithium-Rubidium Discovery; and the Pivert East #1 Claim Block (37 claims; 1,924 hectares for 19.2 km2) immediately contiguous to and northeast of the Pivert East #2 Claim Block.

The Property is easily accessible via an extensive road and trail network. The Property sits less than 5 km from the Eastmain-1 Hydroelectric facility where substantial infrastructure exists. There is an access road to within 500 m of the Lac Pivert East #1 and #2 and Lac Pivert West Claim Blocks. A north-south hydro line straddles the Lac Pivert West Claim Block.

First Gold previously announced surface sampling and diamond drilling results on contiguous ground with significant quantities of the Rare Metals Lithium, Rubidium, Tantalum, Beryllium, Niobium, Cesium and Gallium. Surface grab sampling yielded 4.6% Li2O, 390 g/t Rubidium, 1.4 g/t Tantalum, 67.7 g/t Niobium, 106.5 g/t Gallium, 90 g/t Beryllium (#430917); and in drilling up to 21.45 m (true width) yielding 1.22% Li2O, 2,983 g/r Rubidium, 206 g/t Ta2O5, 139 g/t Beryllium, 117 g/t Cesium and 78 g/t Gallium (LR-10-75). Mineralization occurs at surface in near horizontal spodumene-bearing intrusives. The company recently announced the discovery of additional showings and is slated to release compliant Mineral Resources for their property by year end.

Earlier work by the Ministère des ressources naturelles et de la faune Québec (Boisvert, 1989) describes the Property area as containing irregular but generally continuous lenses of pegmatites within the host biotite schists. Individual pegmatites can attain up to 60 m in width and more than 100 m in length, collectively forming part of a much larger bodies having kilometric lengths and widths up to 300 m. Additional work uncovered a number of Lithium showings in the region with a similar metallogenic context to Lithium One's Cyr Lithium Property and First Gold's Pivert/Rose Rare Metals Property, where irregular but generally continuous spodumene (a lithium bearing aluminum silicate) bearing pegmatites occur.

Historical work on Cyr Lithium Property, located 75 km northwest of the Property, has demonstrated significant Lithium potential, identifying a resource potential* of 12 million tonnes (45,000 m2 by 100 m deep) grading 1.7% Li2O. A resource potential estimate should not be relied on and is not considered National Instrument ("NI") 43-101 compliant. A Qualified Person has not reviewed and evaluated the resource potential to outline NI 43-101 Mineral Resources. It is uncertain that any future exploration and development work will result in any of the resource potential to be considered as NI 43-101 Mineral Resources. A resource potential estimate should only be considered as an indication of mineralization.

The technical information in this news release was approved by Mr. Jean Lafleur, M. Sc., P. Geo., Technical Advisor to the President and CEO of JOURDAN, and a Qualified Person under NI 43-101 regulations.

Source: Jourdan Resources Inc.


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