Land Package Exceeds 10 Hectares
TORONTO, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Jourdan Resources Inc. (TSX-V: JOR) (“Jourdan” or the “Company”) is pleased to report that it has successfully registered 30 of its previously acquired mining claims (representing 1,178.83 hectares) under its name with the Québec Ministry of Energy and Natural Resources. Prior to the new registrations, the Company was the registered owner of 212 mining claims, covering 9,152.02 hectares of prospective land for lithium, base metals and Abitibi-style gold mineralisation, located north of Val d’Or in Quebec, Canada. The Company is now the registered owner of 242 mining claims, covering 10,330.85 hectares.
The Company anticipates registering its additional eight claims (representing a further 350.95 hectares for a total of 10,681.80 hectares) comprising the La Corne lithium property (the “La Corne Claims”) promptly following the date on which it completes the final payment required under the option agreement made effective March 1, 2021. Please see Jourdan’s press release dated March 25, 2021 for more information about the La Corne Claims and option agreement, which is available under the Company’s SEDAR profile at www.sedar.com. Please see Figure 1 below for a map depicting the Company’s Quebec properties, which includes the La Corne Claims.
Figure 1: Map of Jourdan’s claims in Quebec. Arrows indicate the La Corne Claims and the newly registered claims.
“We are very pleased to have successfully registered almost all of our claims in our name,” said Dr. Andy Rompel, Executive Chairman of Jourdan. “We are looking forward to registering the La Corne Claims in the new year which has added more lithium-bearing prospects to our already substantial portfolio of spodumene-enriched pegmatites.”
Rene Bharti, Jourdan’s Chief Executive Officer, commented, “Jourdan is one of the larger lithium players in Quebec by claim area. Based on the success of our current drill program, we are anxious to further explore our properties and to establish a resource. With so much activity in the area, particularly as a result of the recent purchase by Sayona Québec of the North American Lithium mine adjacent to one of our properties, I am confident that Jourdan will realise its goal of becoming Quebec’s next lithium producer.”
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine.
For more information:
Rene Bharti, Chief Executive Officer
Phone: (416) 861-5800
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 ability to make the final payment to the vendors of the La Corne Claims, register the La Corne Claims, establish a mineral resource on its properties and become Quebec’s next lithium producer. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of minerals; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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