JOURDAN Commences Exploration at the Pivert-Stairs Rare Metals Property Contiguous to and Within First Gold Exploration's Pivert
30 September 2010 - 12:49AM
Marketwired
JOURDAN RESOURCES INC. (TSX VENTURE: JRN) ("JOURDAN" or the
"Company") is pleased to announce the start of the 2010 exploration
campaign at the Company's 93 claims / 49.5 km(2) Pivert-Stairs Rare
Metals Property (the "Property"). The Property is contiguous to and
within First Gold Exploration's Pivert/Rose Rare Metals Property
where recent work outlined significant quantities of the Rare
Metals Lithium, Rubidium, Tantalum, Beryllium, Niobium and Gallium,
in the James Bay Mining District, located due south of the
community of La Grande (Quebec).
The exploration campaign will initially consist of compiling and
synthesizing the historic and current work on the Property and
surroundings that will include incorporating regional airborne and
ground geophysical surveys to better identify the 12+ km long
Pivert Rare Metals Corridor, and surface prospecting to identify
surface Lithium and other Rare Metals mineralization. If the
results are favourable, diamond drilling will follow to delineate
the potential size of the Rare Metals mineralization.
JOURDAN's Pivert-Stairs Rare Metals Property and the Pivert Rare
Metals Corridor
JOURDAN holds 93 claims for 4,948 hectares or 49.5 km(2)
covering 12+ km in length of the 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.
The Property consist of the Pivert East #2 Claim Block (12
claims; 636 hectares for 6.4 km(2)) 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; the Lac Pivert West Claim
Block (2 claims; 106 hectares for 1.1 km(2)) between First Gold's
Lac Pivert Lithium and 2.5 kilometres from their new Rose
Lithium-Rubidium Discovery; the Stairs Claim Block (43 claims;
2,282 hectares for 22.8 km(2)) immediately contiguous to the
southwest of First Gold's Rose Lithium-Rubidium Discovery; and the
Pivert East #1 Claim Block (36 claims; 1,924 hectares for 19.2
km(2)) immediately contiguous to and northeast of the Pivert East
#2 Claim Block. The Property is easily accessible via an extensive
road and trail network.
First Gold previously announced surface sampling and diamond
drilling results (on adjacent claims) with significant quantities
of the Rare Metals Lithium, Rubidium, Tantalum, Beryllium, Niobium,
Cesium 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); and in drilling up to 21.45 m
(true width) yielding 1.22% Li2O, 2,983 g/r Rubidium, 206 g/t
Ta2O5, 139 g/t Beryllium, 117 g/t Cesium and 78 g/t Gallium
(LR-10-75). Mineralization occurs at surface in near horizontal
spodumene-bearing intrusives. The company recently announced the
discovery of additional showings and is slated to release compliant
Mineral Resources for their property by year end
(www.firstgoldexploration.com).
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 m(2) 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.
About Jourdan Resources
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.
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. 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.
To view the location map of JOURDAN Resources Inc.'s
Pivert-Stairs Rare Metals Property in the James Bay Mining District
of northern Quebec, please visit the following link:
http://media3.marketwire.com/docs/jourdan_map_0929.pdf
Contacts: Emilien Seguin President and CEO, Director
450-670-5224 514-787-1457 (FAX) Guy Girard VP Finance, Director
514-798-1290 514-787-1457 (FAX) info.jourdan.ca
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