Highlights:
Drill hole | From (m) | To (m) | Length | LiO2 % |
VAL22-6-1 | 68.85 | 75.1 | 6.25 | 1.16 |
VAL22-6-6 | 163.7 | 171.4 | 7.7 | 1.02 |
VAL22-6-2 | 76.3 | 77 | 0.7 | 1.70 |
VAL22-6-2 | 198 | 199 | 1 | 1.21 |
VAL22-6-2 | 206.3 | 207.3 | 0.95 | 0.92 |
VAL22-6-2 | 215.8 | 216.9 | 1.1 | 1.07 |
VAL22-6-2 | 220 | 221 | 1 | 0.92 |
VAL22-6-2 | 221 | 222 | 1 | 1.32 |
VAL22-5-6 | 59.4 | 60.4 | 1 | 0.91 |
*drill core width only, does not represent true width
As mentioned in a press release dated
Last summer, diamond drilling was conducted to the east of the previous phases and aimed at the eastern and southeastern extension of the known pegmatite swarm with its anticipated lithium-bearing spodumene mineral. The Company intends to use the results of the drilling and assaying to update its geological model and to help the Company establish an initial mineral resource estimate at its Vallée property.
Since starting its drilling program in 2011, Jourdan has drilled seventy-nine (79) drillholes for a total of 16,145 metres.
Most of the 32 holes of the Company’s 2022 summer drilling campaign have intersected the new spodumene-bearing pegmatite swarm on Jourdan’s Vallée property at a previously underexplored eastern extension, which had not been exposed by the North American Lithium mine to the west of Vallée (see Fig. 1).
“We are extremely happy with the latest drill results. Not only did these drill holes intersect multiple pegmatites occurrences, but they also showed significant thicknesses and grades above 1% Li2O,” said Dr.
“This latest drilling program has brought us closer to establishing an initial mineral resource estimate at our Vallée property. The Vallée property sits immediately east of North American Lithium’s lithium mine, which we have been advised is expected to enter production in April of this year. There is significant mining activity in the Vallée area, and Jourdan continues to remain optimistic about becoming a key lithium player in the region at large,” said
The drill program was conducted by Forage
Figure 1: The Vallée property is immediately east of the North American Lithium mine. This figure depicts the 2011, 2021 and 2022 completed drillholes with a total of 79 drillholes since 2011.
The Company’s now completed diamond drilling program of 6,585m was to follow up on the results of a bulk sample collected in 2018 and the fence line drilled in 2011 and 2021 along the western side of the Company’s Vallée property, which borders the North American Lithium mine. Management anticipates that results of the drilling program will substantially extend the known deposit at the Company’s Vallée property eastwards.
Detailed partial results:
Drill hole | From (m) | To (m) | Length | LiO2 % | |
VAL22-6-1** | 68.85 | 75.1 | 6.25 | 1.16 | |
VAL22-6-1** | 105.3 | 106.3 | 1 | 0.80 | |
VAL22-6-6 | 163.7 | 171.4 | 7.7 | 1.02 | |
VAL22-6-6 | 194.9 | 195.9 | 1 | 0.54 | |
VAL22-6-6 | 200.5 | 201.5 | 1 | 0.78 | |
VAL22-6-2 | 76.3 | 77 | 0.7 | 1.70 | |
VAL22-6-2 | 198 | 199 | 1 | 1.21 | |
VAL22-6-2 | 206.3 | 207.3 | 0.95 | 0.92 | |
VAL22-6-2 | 215.8 | 216.9 | 1.1 | 1.07 | |
VAL22-6-2 | 220 | 221 | 1 | 0.92 | |
VAL22-6-2 | 221 | 222 | 1 | 1.32 | |
VAL22-5-6** | 59.4 | 60.4 | 1 | 0.91 | |
VAL22-5-7** | no significant results | ||||
VAL22-6-3 | 66.05 | 66.9 | 0.85 | 0.76 | |
VAL22-6-3 | 67.7 | 68.7 | 1 | 0.66 | |
VAL22-6-3 | 109.75 | 110.8 | 1 | 0.64 | |
VAL22-6-4 | 132 | 132.9 | 0.9 | 0.75 | |
VAL22-6-4 | 134 | 134.8 | 0.75 | 0.77 | |
VAL22-6-4 | 134.75 | 135.5 | 0.75 | 0.53 | |
VAL22-6-5 | 77.7 | 78 | 0.3 | 0.83 | |
VAL22-6-5 | 102.5 | 103.1 | 0.6 | 0.93 | |
VAL22-6-5 | 147.9 | 148.9 | 1 | 0.68 | |
VAL22-6-7 | no significant results | ||||
VAL22-6-8 | no significant results |
*drill core width only, does not represent true width
** Sections of drill holes VAL22-5-6, VAL22-5-7, and VAL22-6-1 extended onto mining claims that the Company previously sold to North American Lithium. For more information about the disposition, please see the Company’s press release dated
Qualified Person
The scientific and technical information contained herein has been reviewed and approved by
About
For more information:
Email: info@jourdaninc.com
Phone: (416) 861-5800
www.jourdaninc.com
Cautionary statements
The content and grades of any mineral deposits at the Company’s properties are conceptual in nature. There has been insufficient exploration to define a mineral resource on the property and it is uncertain if further exploration will result in any target being delineated as a mineral resource.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s summer 2022 drill program, including in respect of the anticipated additional assay results and management’s expectations that they will extend the known deposit, North American Lithium’s ability to commence production at its adjacent
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/811485e5-40b6-4ef2-bf6e-a83f93af88d0
![](https://ml.globenewswire.com/media/ZDRmYmY0MGMtYjJmNi00Y2ZkLTgwMjMtZTNmMjg3NTJiZDY4LTExMzUxMjk=/tiny/Jourdan-Resources-Inc-.png)
Figure 1:
![](https://ml.globenewswire.com/media/811485e5-40b6-4ef2-bf6e-a83f93af88d0/medium/figure-1.jpeg)
The Vallée property is immediately east of the North American Lithium mine. This figure depicts the 2011, 2021 and 2022 completed drillholes with a total of 79 drillholes since 2011.
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