JOURDAN Acquires Additional Strategic Claims Contiguous to and Within the New Zone Recently Discovered by First Gold Exploration

JOURDAN RESOURCES INC. (TSX VENTURE:JRN) ("JOURDAN" or the "Company") is pleased
to announce the acquisition of 57 claims totalling 3,024 hectares for 30.24 km2
(the "New Claims"), adding to the 37 claims recently acquired by the Company
known as the Pivert-East Property in the Eastmain Greenstone Belt (NTS Map-Sheet
33C/01) within the James Bay Mining District of Quebec, located due south of the
community of La Grande (refer to the JOURDAN news release dated January 27,
2010). The entire claim package is now termed the Pivert-Stairs Rare Metals
Property (the "Property") (refer to the appended map). The New Claims 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; 

--  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; and 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. 



The New Claims are added to the Pivert East #1 Claim Block (37 claims; 1,924
hectares for 19.2 km2) or the former Pivert-East Property. 


JOURDAN now holds 94 claims for 4,948 hectares or 49.5 km2 covering the 12+ km
long prospective Pivert Rare Metals Corridor (refer to the appended location
map). 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. 


Mr. Emilien Seguin, President and CEO of JOURDAN stated "We are pleased to have
taken a major land position in the newly discovered Pivert Rare Metals Corridor
in the James Bay Mining District. The acquisition fits JOURDAN's strategy of
acquiring Uranium and Rare Metals or High Technology Metals ("HTM's") sectors of
eastern Canada. Now, since the Pivert-Stairs Rare Metals Property is close to
infrastructure, JOURDAN expects to initiate a low-cost early summer exploration
program to identify surface Lithium and other Rare Metals mineralization, which
can immediately lead to drilling in the near term."


The Pivert Rare Metals Corridor

First Gold's had previously announced surface sampling and diamond drilling
results (on adjacent claims) with significant quantities of the Rare Metals
Lithium, Rubidium, Tantalum, Beryllium, Niobium 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); 4.74 m (true width)
drill hole intersection yielding 1.03% Li2O, 2,923 g/t Rubidium, 286 g/t
Tantalum, 54.24 g/t Niobium and 128 g/t Beryllium (Drill Hole LR-09-02), and
9.48 m (true width) yielding 1.50% Li2O, 2,755 g/t Rubidium, 290 g/t Ta2O5 and
155 g/t Be over 9.48 m (Drill Hole LR-09-07) (refer to the First Gold
Exploration Inc., news releases from January 22 to March 16, 2010). 


Earlier work by the Ministere des ressources naturelles et de la faune Quebec
(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 has demonstrated significant Lithium
potential, identifying a resource potential(i) of 12 million tonnes (45,000 m2
by 100 m deep) grading 1.7% Li2O (www.lithium1.com). 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 New Claims were optioned from arm's length parties (the "Vendors") by paying
$30,000 and issuing 3 million common shares of JOURDAN upon regulatory
approvals, and a further cash payment of $20,000 and the issuance of 2,000,000
shares on or before the 1st anniversary date. The Vendors retains a 2% Net
Smelter Returns (the "NSR") Royalty, of which 1% may be purchased by JOURDAN for
$1 million. If JOURDAN sells or options any of the New Claims to a third party
before having exercised a 100% interest in the Property, 20% of the proceeds
will be given to the Vendors. There is a Finder's Fee of 300,000 common shares
of the Company paid out to an arm's length party.


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 Uranium and Rare Metals or High
Technology Metals ("HTM's") sectors of eastern Canada. The Company's properties
are currently at the exploration stage along the Lower North Shore, the Mauricie
and now the James Bay regions of Quebec. 


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. 


Please visit the Company's website at www.jourdan.ca, and you can also download
Jourdan's Corporate Summary at www.jourdan.ca/jrn.pdf.


Location map of JOURDAN Resources Inc.'s Pivert-Stairs Rare Metals Property in
the James Bay Mining District of northern Quebec :
http://media3.marketwire.com/docs/JRNa0421.pdf
Jourdan Resources Inc. (TSXV:JRN)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024