Jourdan Provides Corporate Update
TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- Jourdan Resources Inc. (TSXV: JOR) (“Jourdan” or the “Company”) is pleased to provide the following corporate update on
its recent activities. Jourdan has initiated several activities in the field at its properties in Val d’Or, Quebec and at Process Research Ortech Inc., a materials testing laboratory in
Mississauga, Ontario (“Ortech”). Jourdan is currently planning geophysical surveys at its Pressiac-LaCorne property located in Quebec, consisting of a magnetic and a scintillometer
survey with the intent of detecting the western extension of the Li-bearing pegmatite swarm known from the North American Lithium mine and from the Company’s Vallée Lithium Project. The surveys are
scheduled to commence later in April 2021 after the snowmelt.
Furthermore, 47 samples were taken from the various bags of the bulk sample which are located at Ortech. These samples were sent for assay testing to allow for a more accurate grade estimation of the bulk sample taken from the Vallée Lithium Project to the east of the North American Lithium mine.
In March 2021, the Company exercised an option (the “Option”) to acquire a property known as the La Corne lithium property, which is adjacent to Jourdan’s other lithium mining properties located north of Val d’Or, Quebec. For more information about the Option, please see the Company’s press release dated March 25, 2021, which is available on the Company’s SEDAR profile at www.sedar.com.
Jourdan is also pleased to announce that it recently received notice from the Ministry of Energy and Natural Resources (Quebec) that the area of land subject to four of its claims located at the southeast corner of its Baillargé lithium property has been extended by application of law.
The Company also announces today that it has entered into a settlement agreement effective April 5, 2021 (“Settlement Agreement”) with Infinite Ore Corp. (“Infinite”) in connection with an option agreement dated April 17, 2017, as amended on June 1, 2020 (together, the “Option Agreement”). Pursuant to the Option Agreement, Infinite granted an option to Jourdan (the “Option”) to acquire a 100% interest in Infinite’s 145 claim Preissac-Lacorne lithium portfolio (the “Portfolio”). Please see the Company’s press releases dated May 9, 2017, May 16, 2017 and June 3, 2020 for more information about the Option, which are available on the Company’s SEDAR profile at www.sedar.com.