Grab Samples from Jourdan’s Cache Property Returns Up To 5.68% P2O5
May 6, 2014 (Source: FSC Wire) — JOURDAN RESOURCES INC. (TSX-V: JOR) (“JOURDAN” or the “Company”) (www.jourdan.ca) is pleased to announce the results of grab samples collected on the company’s Cache project located 100 km northeast of Saguenay and 100 km southwest of Jourdan’s Dissimieux Lake Phosphate Property, in the Province of Québec, Canada.
The grab samples were collected during the prospecting program on the Cache and Hache projects completed in November 2013. The purpose of the prospecting program on Cache was to test areas near historical trenches outlined in the report “Rapport De Visite et Cartographie Sommaire Propriété Du Lac Périgny”, By Rejean Girard, IOS Services Geoscientifiques Inc., July 18, 2001.
A total of seven grab samples were collected within 300 metres of the historical trench 1 described in Jourdan press release (http://www.jourdan.ca/uploads/177.pdf) of September 19th, 2013 and shown below. Sample 265007 which assayed 5.68% P2O5 and 4.81% TiO2 was collected approximately 275m north of trench 1. Samples 265004 and 265010 collected approximately 150m north of the trench assayed 5.11% P2O5 and 3.85% P2O5 respectively. See Table 1 and Map 3.
These samples are located in the 800m distance between historical trenches 1 and 2, suggesting continuity between the trenches. The sampling was curtailed after just a single day due to weather conditions and additional sampling, including sampling of historical trenches is planned for 2014. Investors should note grab samples are selective by nature and may not be representative of average grades of the mineralization within zones.
|Table 1: Summary of Cache Grab Samples collected in November 2103|
|Field Sample||Sample Number||Easting||Northing||P2O5 %||TiO2 %||Fe2O3 %|
Map 1: Jourdan Resources’ Cache Phosphate Property Location, Quebec
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Map 2: Jourdan Resources’ Cache Phosphate Property Grab Sample Locations
Map 3: Jourdan Resources’ Cache Phosphate Property Grab Sample Locations Detail
Historical work on the Cache Property by previous property holders includes mechanical stripping in which 3 trenches were cut totaling approximately 50 metres of sampling. Trench 1 includes two sample intervals 11 metres grading 4.14% P2O5 and 6.43% TiO2 and 19 metres grading 3.41% P2O5 and 4.53% TiO2 (see Map 4). These two intervals are separated by 9 metres which was not sampled due to overburden (see Table 2).
|Table 2. Composites of the historical channel sample program,
Trench 1 (see Map 4) are in the table below:
|From (m)||To (m)||Length (m)||P2O5 (%)||TiO2 (%)|
|12||21||9||not sampled – under cover|
|40||43||3||not sampled – under cover|
|44||49||5||not sampled – under cover|
|53||54.5||1.5||not sampled – under cover|
|Note: Channel Sample thickness does not necessarily represent true unit thickness|
Map 4: Jourdan Resources’ Cache Phosphate Property Trench 1 Geology and Sample Locations
Quality assurance / Quality Control (“QA/QC”)
Surface grab samples averaging 1 kilogram each were taken by qualified personnel from Jourdan. Samples were bagged, sealed and numbered on-site, and delivered to Jourdan’s Mississauga office by Jourdan staff. Blank samples, standards and duplicates were inserted into the sample stream and the full set of samples was transported to AGAT Laboratories in Mississauga, Ontario for analysis. At the laboratory facility, samples were inventoried, weighed and dried; crushed 75% to under 2 millimetres; riffled split with a 250 gram sub-sample pulverized 85% to under 75 microns; then followed by analysis using packages 201-078 Lithogeochemical Analysis by ICP/ICPMS Finish and 201-676 XRF Whole Rock Analysis.
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.
Neither 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 news release.
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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.
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