Jour­dan drills 0.3 m of 0.78% Li2O at Preis­sac-La­corne

Stockwatch Daily - - MINES & METALS - Mr. Michael Dehn re­ports

JOUR­DAN RE­SOURCES Inc. has re­leased the re­sults from a 1,500-me­tre drill pro­gram com­pleted on the Preis­sacLa­corne lithium portfolio and op­tioned from Alix Re­sources Inc. and one other claim that is owned by Jour­dan.

The cen­tre of the drill pro­gram is 1.5 kilo­me­tres north­west of the ad­ja­cent Quebec lithium mine owned and op­er­ated by North Amer­i­can Lithium. The ad­ja­cent mine an­nounced com­mer­cial pro­duc­tion of spo­dumene con­cen­trate on June 2, 2017, with pro­duc­tion tar­geted for the Chi­nese mar­ket.

A to­tal of 1,500 me­tres of drilling was com­pleted in 12 drill holes, 11 holes on the Preis­sac-La­corne lithium portfolio and one hole

(WL17-12) on claims owned 100 per cent by Jour­dan Re­sources.

Sev­eral holes had mul­ti­ple wide­spread min­er­al­ized zones space up to 140 me­tres apart within the same drill hole, in­di­cat­ing a wide zone of spo­dumene-bear­ing peg­matite dikes ex­ists in the area. Drilling cov­ered a strike length of 750 me­tres of spo­dumene-bear­ing peg­matite dikes.

(See JOR Ta­ble 1 on page 12)

“These highly en­cour­ag­ing first-pass drill re­sults con­firm wide­spread lithium min­er­al­iza­tion in the Pres­siac-La­corne lithium belt. These tar­gets were cho­sen due to the fact that they were al­ready per­mit­ted by Alix and ready to be drilled. The fact that min­er­al­iza­tion was present in nine out of 12 holes ex­ceeded our ex­pec­ta­tions. We have now had enough time to care­fully se­lect our next tar­gets on the claims west of the North Amer­i­can Lithium’s Quebec lithium mine, as well as on our Vallee prop­erty, which bor­ders the North Amer­i­can Lithium’s Quebec lithium mine prop­erty to the east. The peg­matite dikes ap­pear to be struc­turally and not strati­graph­i­cally con­trolled, and we plan to ex­pand on his­tor­i­cal drilling and the suc­cess of this drill pro­gram to test from min­er­al­iza­tion along strike two kilo­me­tres east and two kilo­me­tres west of the our neigh­bour’s pro­duc­ing lithium mine,” said Michael Dehn, chief ex­ec­u­tive of­fi­cer.

We seek Safe Har­bor.

Karen Bax­ter con­densed this news re­lease (karenb@stock­watch.com).

Michael Alexan­der Dehn, Re­jean Gos­selin, Maxime Lemieux, Har­vey Hamil­ton McKen­zie

(JOR) Shares: 35,403,444

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