|JOURDAN Launches 1,250 Line-Kilometres Airborne Geophysical Survey Following Lithium and Rubidium Discovery, Grading Up to 1.88% Li2O and 2,550 g/t Ru|
Thu Oct 28, 8:00 AM
.MONTREAL, QUEBEC--(Marketwire - Oct. 28, 2010) - JOURDAN RESOURCES INC. (TSX VENTURE: JOR.V) ("JOURDAN" or the "Company") is pleased to announce the start of a 1,250 line-kilometre airborne Magnetic and Radiometric survey covering the new Lithium and Rubidium Discovery, now termed the Lamothe Showing, at the Company's Pivert East #2 Claim Block.
JOURDAN previously announced assay results from grab samples taken on the newly discovered spodumene-bearing intrusives during the field prospecting program at the Company's 114 claims / 60 km2 Pivert-Stairs Rare Metals Property (the "Property") in the James Bay Mining District of northern Quebec (refer to the JOURDAN news release dated October 15, 2010). There are 4 new northwest-southeast trending spodumene-bearing intrusives uncovered at the Lamothe Showing within an outcrop surface of 300 metres by 200 metres. 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. The average grade of the 19 grab samples from the Lamothe Showing are 1.06% Li2O (Lithium Oxide), 72 g/t Gallium, 88 g/t Niobium, 1,441 g/t Rubidium and 75 g/t Tantalum.
The geophysical survey will not only help define the magnitude of the spodumene-bearing intrusives at the Lamothe Showing, but also better define the 12+ km long Pivert-Stairs (Rare Metals) Corridor which hosts most of the Lithium in the area, leading to additional discoveries.
The Property consists of the Pivert East #2 Claim Block (33 claims; 1,750 hectares for 17.5 km2); the Lac Pivert West Claim Block (2 claims; 106 hectares for 1.1 km2); the Stairs Claim Block (43 claims; 2,282 hectares for 22.8 km2); and the Pivert East #1 Claim Block (36 claims; 1,872 hectares for 18.7 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.
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.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR 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.
Statements in this release that are not historic facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Jourdan Resources Inc.
President and CEO, Director
Jourdan Resources Inc.
VP Finance, Director