Jourdan Acquires Outardes Property with Grab Samples up to 10.7% P2o5
February 18, 2014 (Source: FSC Wire) — Jourdan Resources Inc. (JOR – TSX Venture),(“JOURDAN” or the “Company”) (www.jourdan.ca)is pleased to announce the acquisition of the 7 claim Outardes Property (or “Property”) by staking. Sigeom Database grab samples previously collected from the property reported results as high as 10.7% P2O5. The Property is situated 6km south of the Outardes 4 Hydroelectric Power Plant, and 18km west of highway 389 (see Map 1). Additionally, the Property is located approximately 60km east of Jourdan’s Dissimieux Lake Phosphate Property, and 70 km north-northwest of Baie-Comeau (see Map 2 and Map3).
The Outardes Property is described as being covered by ultramafic rocks including Nelsonite, similar to those on the Company’s other phosphate properties. Samples were reported in the Quebec Ministry of Natural Resources Geological Database – the “Sigeom Rock Samples Database” (http://sigeom.mrn.gouv.qc.ca/signet/classes/I1102_indexAccueil) that were collected on the Outardes Property are reported in the table below (See Map 4). Investors should not, grab samples are selective by nature and may not be representative of average grades of the mineralization within zones.
Table 1: Outardes Property Phosphate Samples
---------------------------------------------- Sample TiO2 FeO Fe2O3t P2O5 ---------------------------------------------- 2004043042 13.42 29.56 49.04 9.11 ---------------------------------------------- 2004043043 18.02 27.56 51.43 10.7 ---------------------------------------------- 2004043044 11.00 27.49 48.73 7.37 ----------------------------------------------
Map 1 Outardes Phosphate Project and Outardes-4 Hydro Generating Plant
Map 2 Outardes and Dissimieux Lake Phosphate Projects
Map 3 Outardes Property Location relative to Baie-Comeau and other Jourdan Resources’ Phosphate Projects
“The continued exploration success Jourdan has been able to deliver, along with additional new projects with high potential for phosphates will allow Jourdan to continue to be a focused on phosphate exploration and development in Quebec. Our goal is to become a dominant phosphate rock miner as we believe there will be a constant and ever increasing demand for phosphates for fertilizer as global population growth increases,” states Michael Dehn, President and CEO of Jourdan Resources.
Map 4 Outardes Phosphate Project Sample Locations and Power Line
The technical information in this news release was approved by Mr Stephen Wallace, P. Geo, VP Exploration of Jourdan Resources, and a Qualified Person under NI 43-101 regulations.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company focused on phosphate. We continually strive to maximize shareholder value by targeting the highest quality phosphate projects with a professional and highly experienced management team. Our approach combines creativity, experience, and technical expertise with tenacity and determination to advance existing projects while always being prepared to take advantage of new opportunities that can add value for our shareholders. We are committed to conducting ourselves in an open, professional, and responsible manner, while always remaining available to all shareholders. Our goal is to become the dominant phosphate miner in North America.
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.
Please visit the Company’s website at www.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 statement.
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