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Jourdan Acquires Lac Catherine Phosphate Property and Issues Shares for Debt
Jourdan Acquires Lac Catherine Phosphate Property and Issues Shares for Debt * 100% interest...
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[{"type":"text","content":"Jourdan Acquires Lac Catherine Phosphate Property and Issues Shares for DebtJourdan Acquires Lac Catherine Phosphate Property and Issues Shares for Debt\n* 100% interest in 34-claim, 19 sq. km Lac Catherine Property, no royalties \n* Previous mapping by the Quebec Department of Natural Resources, Geological Surveys Branch demonstrates 4 km of surface exposure of the \"Magnetic Pyrite-Apatite Diorite\" \n* The property was recently held by Argex Titanium as part of the Lac Brule Property\n* Jourdan interpretation of published geophysical data by the Ministry of Natural Resources, Quebec and Argex Mining demonstrate that the mineralization may run 12km along strike - extending the mapped \"Magnetic Pyrite-Apatite Diorite\" strike by 8km.\n* A road-cut located at Lac Catherine is exposes on surface \"at least 1.25 km long by 120 m wide\" zone with 5 to 20% apatite.\nToronto (Canada), October 7, 2013: JOURDAN RESOURCES INC. (TSX-V: JOR) (\"JOURDAN\" or the \"Company\") (www.jourdan.ca)is pleased to announce that it has acquired 100% interest in the 19 square kilometre Lac Catherine Phosphate Property (or \"Property\", \"Lac Catherine\"), composed of 34 claims. The Property is located 35 km west of Labrieville, 30 km south of Jourdan's Dissimieux Lake Phosphate Property, 55 km southeast of Jourdan's Jazz Phosphate Property and 40 km north of Jourdan's Cache Phosphate Property, in the Province of Quebec, Canada.\nThe Property was staked by Jourdan following extensive compilation and targeting of prospective geological units along the St. Lawrence North Shore Region between Saguenay and Baie-Comeau, in proximity to Jourdan's Jazz and Dissimieux Lake Phosphate Properties (See Map 1). The Lac Catherine Phosphate Property covers a belt of gabbroic rocks rich in apatite (phosphate) and pyrite, along the western margin of the Labrieville anorthosite intrusive complex which host Argex Titanium's Lac Brule deposit that has a reported historical resource estimate of 3.87 million tonnes grading 30-35% TiO2 (source http://www.argex.ca/properties/lac-brule/). The band of gabbroic rocks on the Lac Catherine Phosphate Property has been mapped for more than 4km on surface and have been interpreted from geophysics to have an approximate strike length of 12.6 km from geophysical interpretation.\nThe advantage of the Lac Catherine Property, when compar...