JOURDAN RESOURCES INC. (TSX VENTURE: JOR) ("JOURDAN" or the
"Company") (www.jourdan.ca) is pleased to announce the start of a
validation exploration program on the Company's wholly owned
Dissimieux Lake Phosphate Project (the "Project") located 140 km
northwest of Baie-Comeau and 130 km north of Forestville (Quebec)
along the Upper North Shore of the St-Lawrence River, and
approximately 350 km in-line north-northeast of Quebec City.
The Project consists of 15 claims for 8.4 km2, and is dominated
by steep hills, with elevations ranging from 435 metres to 700
metres above sea level. It is road accessible via Provincial
Highway #138 at Forestville, then driving northward on Highway #385
and a network of secondary gravel forestry roads which provides
direct access to the Project on the east-southeast shore of
Dissimieux Lake.
Only regional geophysical surveying and geological mapping had
been carried out in the Project area before AFCAN Mining
Corporation ("AFCAN"), formerly known as Societe d'exploration
Miniere et petroliere Gaspesie, completed detailed mapping,
trenching, sampling and geophysical surveys over the original
Project (Pritchard, 1994, in GM53348; Birkett, 1995 and 1996, in GM
53515 and GM 54835; Oswald and Birkett, 1996, in GM 54764). A drill
program of 8 holes totalling 637.5 m on two sections was also
carried out in 1994 by AFCAN (GM 53349).
Apatite-ilmenite concentrations were traced for more than 6 km
of strike length along a northeast-southwest orientation, up to 1
km wide, near the south shore of Dissimieux Lake. The
mineralization was hosted in several bands 20 m to 50 m wide made
up of finely disseminated magmatic apatite and ilmenite within
magnetic gabbro. The average grades calculated from surface
sampling was 3.5% P2O5 (corresponding to 10% apatite) and 5% TiO2
(corresponding to 10% ilmenite). The corresponding average grades
from the core samples were 3.65% P2O5 and 4.72% TiO2, with highs of
4.42% P2O5 and 8.35% TiO2.
Lakefield Research of Canada Ltd. ("Lakefield") (1997, in GM
54867; 1998, in GM 56490), COREM (2000, in GM 58571) and Lakefield
(2000, in GM 58570) assessed the feasibility of concentrating the
phosphate and titanium. Lakefield achieved recoveries of 92% of the
apatite to produce a concentrate at 41.2% P2O5, and recovered 62.5%
of the ilmenite to produce a concentrate at 48.1% TiO2 with a
sample containing 3.5% P2O5 and 5.4% TiO2. It was concluded at the
time that the higher the TiO2 and P2O5 grades in rocks, the higher
the recoveries were in concentrates.
Met-Chem Canada Inc. ("Met-Chem") (2000, in GM 58569) estimated
historical mineral resources from the two drilled sections. The
cumulative length of favorable magnetic anomalies covered 11,200
metres over an average width of 90 metres calculated from the two
existing drill sections to a maximum depth of 75 m. A specific
gravity of 3.25 tonnes per m3 was used based on core samples. From
this information, historical mineral resources of 235 million
tonnes were estimated at a grade of 3.65% P2O5 and 4.72% TiO2. The
estimate is deemed historical in nature and therefore should not
the relied upon. There has been insufficient work done on the
Project and a Qualified Person has not reviewed nor evaluated the
historical mineral resources in terms of NI 43-101 standards to
qualify the estimate into current Mineral Resources. There is no
evidence at this time to suggest that any future exploration would
result in any of the estimate being converted into NI 43-101
compliant Mineral Resources.
Met-Chem also indicated the historical mineral resources were
amenable to open-pit mining with a 1:1 waste to mineralization. It
was proposed to transport the concentrate via a pipeline at a cost
of $3.28 per tonne transported based on a yearly transport of
457,500 tonnes of concentrate (240,000 tonnes of apatite and
217,500 tonnes of ilmenite) over a distance of 140 km.
In 2009, the Vendors assayed a sample from the original apatite
concentrate for Rare Earth Elements ("REE's") and Rare Metal
analysis at ALS Laboratories using the 38 element ICP-MS Analytical
Method (ME-MS81). The apatite concentrate sample contained 0.18%
Total REE's, of which 72% are Light REE's (Light REE'S: La, Ce, Pr,
Nd, Pm, Sm) and 28% are Heavy REE's (Heavy REE's: Eu, Tb, Dy, Ho,
er, Tm, Yb, Lu, Y). The most significant REE's results are 517 ppm
Cerium (Ce), 66 ppm Dysprosium (Dy), 115 ppm Gadolinium (Gd), 169
ppm Lanthalum (La), 405 ppm Neodynium (Nd), 85 ppm Praseodymium
(Pr), 98 ppm Samarium (Sm), 521 ppm Strontium (Sr) and 348 ppm
Yttrium (Yt).
JOURDAN's strategy going forward is focused on proving up the
highest quality NI 43-101 compliant Mineral Resources on the
Project, as it initially aims at validating and confirming the
previous work and the historic mineral resources estimate of 235
million tonnes grading 3.65% P2O5 and 4.72% TiO2 to National
Instrument 43-101 compliant Mineral Resources in either the
Inferred category or in higher categories, and if successful,
eventually test the full mineralization potential over the
multi-kilometric trend as a high tonnage phosphate (in apatite),
titanium dioxide (in ilmenite) and possibly REE's (in apatite)
mineral resource.
Similar type deposits in Quebec include d'Arrianne Resources
Inc's Lac Paul Project, Glen Eagle Resources Inc's Lac Lisette
Project, and Societe Generale de Financement (SGF) and Yara
International's Mine Arnaud Project.
Key facts on apatite-phosphate and ilmenite-titanium
(www.wikipedia.org and www.indusmin.com)
About 85-95% of phosphate is used for the fertilizer industry,
including phosphoric acid. The remaining 5-10% is consumed for
industrial uses (chemical reagent, electro-polishing, catalyst);
medical uses (pharmaceutical, water treatment, dental); and retail
uses (soap, carbonated drinks, animal feed). Apatite is also
occasionally found to contain significant amounts of REE's and can
be used as an ore for those metals since apatite is
non-radioactive.
After gloomy times following the financial downturn, the mid to
long-term trend is very positive for the phosphate industry and
phosphate consumption is expected to grow closely in parallel to
the developing population and increasing wealth of emerging
countries such as China and India.
Titanium ore or ilmenite is refined into titanium dioxide or
TiO2, a white permanent pigment used in paints, paper, toothpaste
and plastics. TiO2 powder is chemically inert, resists fading in
sunlight, and is very opaque, allowing it to impart a pure and
brilliant white color to the brown or gray chemicals in plastics.
Titanium dioxide is also used in sunscreens due to its ability to
protect skin. It is used in air purifiers as a filter coating, or
in film used to coat windows on buildings which when exposed to UV
light (either solar or man-made).
Due to their high tensile, high corrosion resistance and ability
to withstand moderately high temperatures without creeping,
titanium alloys are used in aircraft, armor plating, naval ships,
spacecraft and missiles. Titanium alloyed with aluminium and
vanadium is used for critical structural parts, fire walls, landing
gear, exhaust ducts, and hydraulic systems. About two-thirds of all
titanium metal produced is used in aircraft engines and frames. An
estimated 59 tonnes are used in the Boeing 777, compared to 45
tonnes in the Boeing 747 and 146 tonnes in the Airbus A380. With
its high corrosion resistance to sea water, titanium is used to
make propeller shafts and rigging and in the heat exchangers of
desalination plants.
Titanium is also used to manufacture the housings and other
components of ocean-deployed surveillance and monitoring devices
for scientific and military use. Welded titanium pipe and process
equipment are used in the chemical and petrochemical industries
primarily for corrosion resistance. The pulp and paper industry
uses titanium in process equipment exposed to corrosive media.
Titanium metal is used in automotive applications. Because it is
non-toxic and is not rejected by the body, titanium is used in
medical applications including surgical implements and
implants.
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 Phosphates, Titanium 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 North Shore, the Mauricie, the Abitibi and James Bay regions of
Quebec. JOURDAN is fully funded for the 2011 field exploration
programs.
The technical information in this news release was prepared by
Mr. Jean Lafleur, M. Sc., P. Geo., JOURDAN's Technical Consultant,
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.
Rare Earth Elements,Trace Elements and Metals from the original
apatite concentrate at the Dissimieux Lake Titanium-Phosphate-REE's
Project.
----------------------------------------------------------------------------
RARE EARTH ELEMENTS (in ppm)
----------------------------------------------------------------------------
La Ce Pr Nd Pm Sm Eu Tb Dy Ho Er Tm Yb Y TREE's
----------------------------------------------------------------------------
169 517 85 405 n/a 98 23 14 66 11 28 2 13 348 1,779
----------------------------------------------------------------------------
TRACE ELEMENTS (in ppm)
----------------------------------------------------------------------------
Ba Cs Ga Gd Hf Nb Rb Sr Ta Th Tl U V W Zr
----------------------------------------------------------------------------
8 tr 4 115 tr 3 tr 521 tr 2 tr 1 5 1 17
----------------------------------------------------------------------------
METALS (in ppm)
----------------------------------------------------------------------------
Co Cr Cu Mo Pb Sr Zn
-----------------------------------
3 tr tr tr tr tr 14
----------------------------------------------------------------------------
Note: n/a - not available; tr - trace; TREE's - Total Rare Earth Elements;
numbers are rounded as per NI 43-101 guidelines.
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.
Contacts: Jourdan Resources Inc. Emilien Seguin President and
CEO (450) 670-5224 (514) 787-1457 (FAX) Jourdan Resources Inc. Guy
Girard VP Finance (514) 798-1290 (514) 787-1457 (FAX)
info@jourdan.ca www.jourdan.ca
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