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Jourdan Resources: Corporate Update
TORONTO, May 21, 2019 (GLOBE NEWSWIRE) -- Jourdan Resources Inc. (TSXV: JOR) (“Jourdan” or the “Company”) is pleased to announce that it has staked 550 hectares
About this update from Consolidated Lithium Metals Inc
[{"type":"text","content":" TORONTO, May 21, 2019 (GLOBE NEWSWIRE) -- Jourdan Resources Inc. (TSXV: JOR) (“Jourdan” or the “Company”) is pleased to announce that it has staked 550 hectares resulting in the acquisition of a 22-claim property contiguous to the south of its Baillarge Property. The new claims are located adjacent to paved highway 111 and are approximately 30 kms from the town of Val d'Or, Quebec and they surround the site of the former producing La Corne molybdenum mine. The La Corne mine was operated intermittently by Molybdia Corporation Limited from 1951 to 1972 as an underground mine. Total production during this period was 3,838,844 tons of raw material at a head grade of 0.33% MoS2 (6.6 lbs/ton) and 0.040% bismuth (0.80 lbs/ton) (Source MRNFQ Report DPV 619). Dr. Andreas Rompel Appointed to Board of Directors The Company is also pleased to announce the appointment of Dr. Andreas Rompel to the board of directors, effective immediately. Dr. Rompel is a seasoned exploration professional with three decades of exploration experience in a wide range of roles from VP Exploration and Project Manager to Country Manager and Corporate Development. Most recently, Dr. Rompel was the President & CEO of Cobalt Power Group. Dr. Rompel has also worked in a variety of commodities, including precious metals and base metals as well as coking coal and cobalt. For more than a decade Dr. Rompel evaluated capital projects within Anglo American and was on the board of Spectrem (an Anglo-American Company) as Technical Director. He has worked in many countries on several continents and has well developed multi-linguistic skills. Aurbel Processing Plant Memorandum of Understanding In addition, the Company announced that it has signed a non-binding memorandum of understanding (“MOU”) with QMX Gold Corporation (“QMX) that is expected to facilitate Jourdan’s investigation into the economic and technical viability of producing lithium from its 100% owed Vallee Lithium project located near and adjacent to the producing North American Lithium mine and mill (the “Property”). Upon completion of a technical assessment and satisfactory due diligence, Jourdan and QMX intend to enter into a definitive agreement to process raw materials from the Property at QMX’s Aurbel processing plant (the “Plant”), located in Val d’Or, Quebec. Pursuant to the MOU, if, as a r...