Multiple Wide Surface Zones Intersected at Jourdan's Dissimieux Lake Phosphate Project Including 3.20% P2o5 Over 45m
Not For Distribution to U.S. Newswire or for Dissemination in The United States
* 23 holes completed, 2,635m; 17 holes intersected mineralized zones
* 5 zones of phosphate mineralization intersected:
* Zone E1 was intersected 124.78 m averaging 2.39% P2O5 in hole DL-12-07
* Zone E2 was intersected 84.00 m averaging 1.50% P2O5 in hole DL-12-06
* Zone W1 was intersected 86.33 m averaging 2.79% P2O5 in hole DL-12-13
* Zone W2 was intersected 123.89m averaging 1.23% P2O5 in hole DL-12-19
* Zone W3 was intersected 57.40m averaging 1.79% P2O5 in hole DL-12-21
* Grades of up to 3.20% P2O5 over 45m were intersected in hole DL-12-01
Mississauga (Canada), July 9, 2012: JOURDAN RESOURCES INC. (TSX-V: JOR) ("JOURDAN" or the "Company") (www.jourdan.ca) is pleased to report the results from the recent drill program on JOURDAN's 100% owned Dissimieux Lake Phosphate Project (DLPP). Five zones of phosphate mineralization were intersected in the drilling, two in the north-east drilling and three in the south-west drilling. These drilling results demonstrate parallel zones, and along with geophysics and surface sampling indicate that there are multiple mineralized zones on the property that may be part of a large phosphate-rich ultramafic intrusive.
A total of 2635m of NQ drilling in 23 holes were completed. A complete table of drill collars is located below:
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Hole Easting* Northing* Elevation Azimuth Dip Length
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DL-12-01 444120 5521487 460.6 142 -45 105
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DL-12-02 444056 5521570 469.5 142 -45 114
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DL-12-03 443994 5521642 471.2 142 -45 108
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DL-12-04 443781 5521340 477.4 130 -45 112
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DL-12-05 443852 5521269 476.2 130 -45 102
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DL-12-06 443938 5521186 456 130 -45 123
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DL-12-07 443613 5521049 470.9 130 -45 129
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DL-12-08 443520 5521138 450.3 130 -45 120
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DL-12-09 443698 5520980 451.9 130 -45 101
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DL-12-10 441734 5518897 446.7 130 -45 108
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DL-12-11 441804 5518834 449.3 130 -45 103
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DL-12-12 441887 5518759 464.9 130 -45 108
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DL-12-13 441938 5518702 474.3 130 -45 117
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DL-12-14 442039 5518623 475.5 130 -45 93
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DL-12-15 441420 5518577 463.5 130 -45 99
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DL-12-16 441500 5518501 481.3 130 -45 111
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DL-12-17 441579 5518438 496.4 135 -45 99
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DL-12-18 441652 5518387 495 130 -45 189
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DL-12-19 441740 5518290 492.1 130 -45 129
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DL-12-20 441624 5518019 509.4 120 -45 105
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DL-12-21 441707 5517945 508.4 130 -45 156
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DL-12-22 441557 5518076 512.3 130 -45 99
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DL-12-23 441180 5518271 478.4 130 -45 105
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*UTM NAD83 Zone 19 2635
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The drilling intersected five zones of phosphate mineralization ranging from 57m to 124m of drill thickness (drill hole thickness does not necessarily represent true thickness). Full true thickness of the mineralized zones has not been determined as many on the drill holes either began or ended in mineralization.
The nine drill holes DL-12-01 to DL-12-09 drilled in the North East area intersected two interpreted zones of phosphate mineralization, labelled E1 and E2 on attached map. The nine holes were arrayed as three fences of 3 holes and intersected both zones in each fence for a potential strike length of approximately 700m.
The remaining 14 drill holes DL-12-10 to DL-12-23 arrayed in 3 fences were completed in the South West area. This drilling intersected three interpreted zones of phosphate mineralization, labelled W1, W2 and W3 on attached map. Zone W2 was intersected by all three fences of drilling representing a potential strike length of approximately 700m.
Several holes intersected multiple zones of phosphate mineralization including hole DL-12-01 which returned 3.20% P2O5 over 45m in zone E1 and 2.25% P2O5 over 8.90m in zone E2.
Stephen Wallace, VP Exploration stated "The drill program was a success, completed on budget, on time and hitting the projected targets. Future drilling will be planned to expand the areas of mineralization and add confidence to the existing knowledge".
Composite 2012 Drill Core intersections are listed below, by zone and hole number:
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Hole From To Length P2O5% Zone
(m) (m) (m)
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Zone E1
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DL-12-01 9.00 54.00 45.00 3.20 E1
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DL-12-02 3.65 112.60 108.95 2.09 E1
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including 3.65 15.00 11.35 3.41 E1
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and 42.00 63.00 21.00 2.78 E1
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and 69.00 112.60 43.60 2.91 E1
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DL-12-03 96.00 103.88 7.88 2.92 E1
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DL-12-04 77.00 111.83 34.83 2.76 E1
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DL-12-05 4.08 102.00 97.92 2.79 E1
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DL-12-06 9.00 24.00 15.00 1.98 E1
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DL-12-07 3.50 128.28 124.78 2.39 E1
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including 3.50 22.17 18.67 2.65 E1
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and 27.74 101.78 74.04 2.87 E1
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and 117.25 128.28 11.03 3.28 E1
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DL-12-08 99.00 119.71 20.71 3.09 E1
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Zone E2
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DL-12-01 95.47 104.37 8.90 2.25 E2
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DL-12-06 36.00 120.00 84.00 1.50 E2
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including 36.00 45.00 9.00 2.84 E2
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and 60.00 69.00 9.00 2.87 E2
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and 84.00 93.00 9.00 2.42 E2
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and 105.00 120.00 15.00 2.40 E2
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DL-12-09 42.00 53.00 11.00 2.72 E2
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Zone W1
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DL-12-13 3.62 89.95 86.33 2.79 W1
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DL-12-17 93.00 99.00 6.00 2.81 W1
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DL-12-18 24.00 156.00 132.00 2.50 W1
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Zone W2
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DL-12-14 2.10 92.76 90.66 1.41 W2
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including 2.10 75.00 72.90 1.32 W2
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amd 78.00 92.76 14.76 2.14 W2
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DL-12-19 3.75 127.64 123.89 1.23 W2
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including 3.75 21.00 17.25 2.03 W2
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and 48.00 69.00 21.00 2.19 W2
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and 69.00 102.00 33.00 1.02 W2
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and 120.00 127.64 7.64 2.19 W2
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DL-12-20 3.72 96.00 92.28 2.50 W2
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DL-12-22 33.00 98.84 65.84 3.09 W2
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Zone W3
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DL-12-21 18.00 75.40 57.40 1.79 W3
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including 18.00 27.00 9.00 2.64 W3
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and 27.00 63.00 36.00 1.18 W3
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and 63.00 75.40 12.40 2.95 W3
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"We are very pleased with the results of this well targeted drill program, and we are planning the next phase of our exploration program at both our Dissimieux Lake and Jazz Property phosphate projects" states Jourdan's President and CEO Michael Dehn. "Having expanded our Dissimieux Lake Phosphate Project by 1,963% through staking, and having acquired the Jazz Phosphate Property in January 2012, the region continues to be of great interest to Jourdan."
The highest ten individual assays from drilling are:
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Hole From To Length Sample P2O5% Zone
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DL-12-05 69.00 72.00 3.00 L270365 3.96 E1
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DL-12-02 12.00 15.00 3.00 L270222 3.95 E1
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DL-12-13 9.00 12.00 3.00 L270642 3.93 W1
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DL-12-01 45.00 48.00 3.00 L270195 3.88 E1
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DL-12-18 45.55 48.00 2.45 L270839 3.86 W1
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DL-12-13 6.00 9.00 3.00 L270641 3.83 W1
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DL-12-06 42.00 45.00 3.00 L270391 3.81 E2
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DL-12-01 27.00 30.00 3.00 L270188 3.72 E1
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DL-12-02 45.00 48.00 3.00 L270233 3.72 E1
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DL-12-06 108.00 111.00 3.00 L270415 3.70 E2
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For comparison, the original drilling results returned from the property in 1994 are presented below. The 1994 Drill Program, completed by Kiwatin Services Geoscientifiques Inc. (http://www.jourdan.ca/pdf/Diamond%20Drilling%20Report%20-%20January%201994_opt.pdf), produced the following historical results:
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Hole From To Length P2O5% Zone
(m) (m) (m)
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Zone E1
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DS-94-06 54.00 78.00 24.00 1.74 E1
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including 54.00 60.00 6.00 3.30 E1
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and 72.00 78.00 6.00 3.69 E1
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DS-94-07 16.00 82.00 66.00 2.43 E1
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including 16.00 21.00 5.00 4.31 E1
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and 26.00 49.00 23.00 3.86 E1
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and 70.00 82.00 12.00 4.18 E1
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DS-94-08 29.00 52.00 23.00 2.80 E1
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Zone W1
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DS-94-01 36.00 82.00 46.00 3.40 W1
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DS-94-02 22 62 40.00 3.79 W1
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DS-94-03 1 19 18.00 3.91 W1
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Zone W2
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DS-94-03 41 53 12.00 3.91 W2
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DS-94-04 2 24 22.00 3.79 W2
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QA/QC Protocols
The drill cores from NQ-core sized diamond drill holes were transported from the drill sites by truck to the Jourdan core logging facility located 10 km to the north. There, geologists and technicians, under the supervision of Jean Lafleur, M.Sc., P. Geo., the Dissimieux Lake Phosphate Project Manager, logged, sample tagged and half-splitted core in 0.89 metre to 4.4 metre lengths using a hydraulic splitter. The individual sampled intervals of half-split core were then inserted in tagged plastic bags, sealed and inserted in large nylon bags readied for shipment to the ALS Laboratory Group facility in Val-d'Or (Quebec). Blanks and duplicates were inserted in the sample stream on-site at every 20 core samples.
Once at the assay laboratory, samples were inventoried using the bar code tracking system, dried, finely crushed to 70% at
The technical information in this news release was approved by Mr. Jean Lafleur, M. Sc. P. Geo, a Consultant to Jourdan Resources, and a Qualified Person under NI 43-101 regulations.
About the Dissimieux Lake Phosphate Project
The Dissimieux Lake Phosphate Project is one of the flagship projects of Jourdan Resources, and is located 140 km north-west of Baie Comeau and 130 km north of Forestville, Quebec along the Upper North Shore of the St. Lawrence River. Jourdan holds a 100% interest in the property with no Net Smelter Return (NSR) Royalty. Similar type deposits in Quebec include d'Arrianne Resources Inc.'s Lac Paul Project, Glen Eagle Resources Inc.'s Lac Lisette Project, and Investissement Quebec and Yara International's Mine Arnaud Project.
About Phosphate
Fertilizers supply plant nutrients, amend soil fertility and are the most effective means of increasing both crop production and food quality. The main nutrients present in fertilizer are nitrogen, phosphorus, and potassium.
Phosphate rock has a high concentration of phosphate minerals, most commonly of the apatite group, which is a primary ingredient in the production of phosphate fertilizers for agricultural purposes. Other uses of phosphate include using phosphorous derived from it in anti-corrosion agents, cosmetics, fungicides, ceramics, water treatment, animal feed supplements, food preservatives and metallurgy. In the agricultural industry, there is no substitute for phosphate.
Recent drivers of demand for phosphate include but are not limited to: increasing global demand for (phosphatic) fertilizer to assist in increasing food production and biofuel crops; a tightening of phosphate rock supplies from the Middle East and North Africa; and competing uses in fertilizers and animal feed supplements.
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, and development of mining properties in phosphates. The Company's properties are currently at the exploration stage and are located along the North Shore, the Mauricie, the Abitibi and James Bay regions of Quebec.
Please visit the Company's website at www.jourdan.ca
For further information please contact:
Michael Dehn Glen Wylie, CMA
President and CEO CFO
Tel: (647) 477-2382 Tel: (647) 477-3758
Fax: (647) 477-2389 Fax: (647) 477-2389
michael@jourdan.ca glen@jourdan.ca
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, may constitute forward-looking information (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favourable terms and those material factors and assumptions disclosed in other public filings of Jourdan Resources.
While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to, risks and uncertainties disclosed in other public Jourdan Resources filings, changes in general economic, market and business conditions, competition for, among other things, capital and skilled personnel, and other unforeseen events or circumstances, that may cause the actual financial results, performance or achievements of the Company to be materially different from estimated future results, performance or achievements expressed or implied by the forward-looking statements. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings. Other than as required by law, Jourdan Resources does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.
Although the Company believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted.
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.
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www.usetdas.com/maps/jourdan/jorjuly9003.jpg
www.usetdas.com/maps/jourdan/jorjuly9004.jpg
www.usetdas.com/maps/jourdan/jorjuly9005.jpg
To view this press release as a web page, click onto the link below:
www.usetdas.com/PR/jourdan09072012.htm
Source: Jourdan Resources Inc. (TSXV: JOR) http://www.jourdan.ca
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