Jourdan Acquires 100% of West Arnaud Phosphate Property, Near Sept-Iles, Quebecadmin
Jourdan Acquires 100% of West Arnaud Phosphate Property, Near Sept-Iles, Quebec
* 100% interest in 6-claim, 3.3 sq. km West Arnaud Phosphate Property,
* Historical samples up to 6.53 % P2O5 and 11.44% TiO2
* West Arnaud claims are located 16 km due west of Yara International
ASA and Investissement Quebec’s Mine Arnaud
Toronto (Canada), November 22, 2013: JOURDAN RESOURCES INC. (TSX-V: JOR) (“JOURDAN” or the “Company”) (www.jourdan.ca)is pleased to announce that it has acquired 100% interest in the 3.3 square kilometre West Arnaud Phosphate Property (or, “West Arnaud”), composed of 6 claims and located 30 km west of the town of Sept-Iles and 16 km west of Yara International ASA and Investissement Quebec’s Mine Arnaud. The West Arnaud Phosphate Property is within 10 km of Hydro Quebec’s power line grid and highways. An active rail line is within 20 km due east of the West Arnaud Phosphate Property (see Map 1).
Map 1: Jourdan Resources’ West Arnaud Phosphate Property, Quebec
The West Arnaud Phosphate Property was staked based on the compilation of results from the Cote-Nord-Saguenay project Quebec MNRF compiled in 1985. Results from this study ranged from 1.86% P2O5 to 6.53% P2O5 and are shown below (see Table 1 and Map 2). For a comparison in P2O5 grade, at Mine Arnaud (owned by Yara International ASA and Investissement Quebec), reported in the July 24, 2013 SGS Canada report entitled “Mine Arnaud – Pre-Feasibility Study – Final Technical Report – Rev. 01″ reported a NI 43-101 compliant mineral resource of 370.87 Mt in the measured category with an average grade of 4.16% P2O5, 110.87 Mt in the indicated category with an average grade of 4.24% P2O5, and 42.76 Mt in the inferred category with an average grade of 3.52% P2O5.
Table 1: Sample Results from the West Arnaud Phosphate Property (from Sigeom)
Sample TiO2(%) Fe2O3(%) P2O5(%)
1985014692 5.14 36.03 3.09
1985014693 11.44 11.44 1.86
1985014694 10.84 36.17 6.53
1985014695 6.62 23.16 4.49
1985014696 5.85 22.3 4.35
1985014697 0.43 15.58 2.41
1985010972 2.49 14.73 3.28
*samples were part of the Cote-Nord-Saguenay project of the Quebec MNRF in 1985
Map 2: Jourdan Resources’ West Arnaud Phosphate Property sample locations
“The addition of the West Arnaud Phosphate Project, near Sept-Iles, Quebec, in close proximity to what will be the next producing phosphate mine in Canada, is an acquisition by staking that has historical phosphate results, and adds a new eastern high potential phosphate project to Jourdan’s extensive Quebec phosphate property package,” states Jourdan’s President and CEO Michael Dehn. “With our own key asset, Dissimieux Lake, and the large phosphate property package stretching from the Saguenay River to Sept-Iles, Jourdan is positioning itself to be the dominant phosphate exploration company in Quebec.”
Map 3: Jourdan Resources’ Quebec Phosphate Properties
Jourdan continues to target and consolidate low risk and high potential value phosphate properties along the north shore of the St. Lawrence River near Baie Comeau, Quebec. The results reported by Arianne for its Lac A Paul Feasibility Study, as well The Mine Arnaud partnership owned by Investissement Quebec (a Crown corporation), and Yara International ASA (a Norwegian company), demonstrate that large economic phosphate deposits in the region where Jourdan operates are not unique. In the map below, the location of the Mine Arnaud partnership as well as the Lac A Paul Property are displayed relative to the location of communities along the St. Lawrence River in Quebec and Jourdan’s Quebec phosphate projects.
Please note that the last press release of the Company, dated November 19, 2013, should have mentioned (i) March 19, 2014 as the end date of the hold period and (ii) 24 months as the exercise period of the warrants.
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
For further information please contact:
Michael Dehn Glen Wylie, CMA
President and CEO, Jourdan Resources Inc. CFO, Jourdan Resources Inc.
Tel: (647) 477-2382 Tel: (647) 477-3758
Fax: (647) 477-2389 Fax: (647) 477-2389
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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Source: Jourdan Resources Inc. (TSXV: JOR) http://www.jourdan.ca
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Posted: November 22nd, 2013 under FSCWIRE.