Jourdan Announces Soil Sampling Program Expansion and Arrival of Second Drill to Accelerate Completion of Its Phase 3 Summer Drill Campaign

TORONTO, Sept. 15, 2022 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORFF; FRA:2JR1) (“Jourdan” or the “Company“) is pleased to announce that an additional drill rig has arrived on site at the Company’s Vallée property to accelerate completion of its phase 3 summer drill campaign. We expect that the new drill program will result in an extension of the known deposit at the property eastwards (see Fig. 1 below).

The second diamond drill is intended to help complete drilling 28 newly permitted drill holes east of the Chemin du Lac Legendre, the results of which we anticipate will extend the known Vallée lithium deposit eastwards. The additional 5,600m diamond drilling program is intended to follow up on the results of the fence line drilled in 2011, 2021 and 2022 along the western side of the Company’s Vallée property, which borders with the North American Lithium mine. This new drilling campaign aims at drilling fence lines further east across the lithium-bearing pegmatite swarm, which has been mined in the immediate vicinity to the west.

28 holes of approximately 200m depth each are scheduled to be drilled, aiming at the pegmatite swarm identified by the trenching of the bulk sample collected on the Vallée property in 2018 and initially intersected by the 2011 fence line drilling campaign along the western boundary of Vallée. The assay results from the bulk sample revealed high Li₂O grades (see press release of the Company dated April 29, 2021, which is available under the Company’s SEDAR profile at www.sedar.com), which have encouraged the Company to continue exploration and drilling along the strike and depth extent on its Vallée property.

Jourdan’s Executive Chairman, Dr. Andreas Rompel, stated, “We are greatly encouraged by the drilling results received to date as well as having successfully secured the permits for more diamond drilling. This latest drilling phase will now be facilitated by a second rig to speed up the process and, hopefully, prove up the known pegmatite swarm even further to the east.”

The drill program will be conducted by Forage Lamontagne Fortier from Rouyn-Noranda, Quebec, under the supervision of Alexandr Beloborodov, Géologue Inc. (ABG Exploration) of Laval, Quebec and GeoTasks Inc. from Sudbury.

All samples from the new drill program will be sent to Impact Global Solutions Inc.’s laboratory in Delson, Québec (“IGS”) for analysis by sodium peroxide fusion and ICP finish. This laboratory is recognized by the industry and accredited ISO/MEC 17025 by the Standards Council of Canada. In addition to the quality assurance and quality controls (“QA/QC”) employed by IGS, Jourdan developed a rigorous QA/QC protocol for its operators, including the insertion of analytical standard samples, duplicates and coarse silica blanks on a systematic basis.