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Jourdan Resources Inc. (JOR.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.0500-0.0050 (-9.09%)
At close: 10:49AM EDT
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Previous Close0.0550
Open0.0550
Bid0.0500 x 0
Ask0.0550 x 0
Day's Range0.0500 - 0.0550
52 Week Range0.0050 - 0.1800
Volume33,500
Avg. Volume374,816
Market Cap5.744M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.0130
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Jourdan Confirms High Grade Lithium in Bulk Sample
    GlobeNewswire

    Jourdan Confirms High Grade Lithium in Bulk Sample

    Second Set of Results in Line With Homogeneous Pegmatite ShowingTORONTO, April 29, 2021 (GLOBE NEWSWIRE) -- Jourdan Resources Inc. (TSXV: JOR) (“Jourdan” or the “Company”) is pleased to announce, further to its press release dated April 22, 2021, the assay results of the second batch (25 samples) of its sampling of the bulk sample, with grades showing of over 1.5% Li2O. Now that all 47 sample results have been received, these are reported together. Highlights of Bulk Sample Assays (see Table 1 for additional details) Lithium (Li) values of the samples tested were in the range of 6,120 ppm (parts per million) to 8,190 ppm, with an average of 7,212 ppm.Lithium oxide (Li2O) values of the samples tested averaged 1.55% and ranged from 1.31% to 1.76% Li2O.Beryllium values averaged 291 ppm, cesium averaged 7.36 ppm, and niobium averaged 104 ppm.The rubidium average in the samples tested was 1,566 ppm, with a tantalum average of 36 ppm, and a barium average of 60 ppm. Rene Bharti, CEO of Jourdan, stated, “The second set of results validates the high lithium grades provides further confidence in the lithium assets of Jourdan. The Company plans to use the information gathered from the bulk sample to begin preparing for a summer drill program. We anticipate that all of these activities will lead to defining an initial resource estimate at our Vallee property. Jourdan believes that it is on a strong path towards recognizing its goal of being a near term lithium producer in Quebec.” Jourdan’s Chairman, Dr. Andreas Rompel, stated, “These results represent proof that the bulk sample exhibits very similar results in many individual elements and most importantly in the calculated Li2O value. This is fantastic evidence that our pegmatite at Vallee is very homogeneous. This in turn is great encouragement to go out this summer and drill these pegmatites to confirm the down-dip grade, and subsequently confirm volume and grade, which we expect will ultimately result in an initial resource estimate.” Bulk Sampling Assaying 47 samples were taken from the 40-tonne bulk sample, which was retrieved from the Company’s Vallee lithium project site during 2018. Forty of the 50 tonnes retrieved were shipped in a series of 2 tonne sacks to Process Research Ortech Inc. in Mississauga, Ontario (“Ortech”) for metallurgical test work. During the first quarter of 2021, 47 individual samples were taken on two different occasions under the supervision of Jourdan’s personnel at Ortech. In the second sampling exercise reported here, 25 samples were taken from 5 sacks located outside of Ortech’s laboratory. The samples consisted of shovel loads of material. The average sample weight of these samples was 2.7 kgs. The additional 25 samples were sent to AGAT Laboratories in Mississauga, Ontario and were assayed for 58 different elements utilising the sodium peroxide fusion method with an ICP OES or MS finish. The results for lithium were subsequently multiplied by a factor of 2.153 to arrive at a value for Li2O. The highest grade assayed for the second batch (25 samples) was 1.72% Li2O, with an average of 1.54% Li2O, and a standard deviation of 0.08. Management believes that these results clearly demonstrate the homogeneity of the lithium distribution in the pegmatites situated on the Company’s Vallee lithium property, and management is encouraged to further investigate the strike and down dip extent of these pegmatites. In addition, the Company is excited to report elevated rubidium values averaging 1,566 ppm. Qualified Person The scientific and technical information contained herein has been reviewed and approved by Stéphane Amireault P.Eng, MScA, an independent consultant that is a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Table 1 (201-378) Sodium Peroxide Fusion - ICP-OES/ICP-MS Finish Analyte: Li2OBaBeCsLiNbRbTa Unit: %ppmppmppmppmppmppmppm Sample Id Sample Description RDL: 0.550.11010.20.52257304E6356551 1.4960.525466.76,9401161,65034.82257305E6356552 1.4658.930160.16,8001081,31034.92257306E6356553 1.4262.326964.96,5801141,60037.72257307E6356554 1.4262.733370.06,5901431,82046.62257308E6356555 1.5665.731767.87,2501191,67036.12257309E6356556 1.5760.132569.87,3101011,49036.52257310E6356557 1.5764.430665.37,2801061,59034.22257311E6356558 1.7657.637475.08,1901061,62035.72257312E6356559 1.7555.637866.08,1101031,54031.52257313E6356560 1.7055.929057.87,8901161,48033.92257314E6356561 1.7251.540872.67,970951,52033.92257315E6356562 1.6853.919961.67,810981,63034.82257316E6356563 1.7456.827968.08,0601171,56040.82257317E6356564 1.5270.825564.07,040931,64030.72257318E6356565 1.5453.031864.67,170911,56034.02257319E6356566 1.3266.640773.36,120971,60032.72257320E6356567 1.6055.329567.57,4501081,62034.02257321E6356568 1.5757.126167.27,270941,68032.82257322E6356569 1.3645.432456.56,320931,50032.42257323E6356570 1.6455.027460.47,610961,44031.72257324E6356571 1.4554.940780.06,7301201,66042.62257325E6356572 1.5761.134768.57,310991,51034.12257326E6356573 1.5763.826272.67,270851,73033.22257327E6356574 1.5869.132466.87,350981,48035.32257328E6356575 1.4551.626060.76,7401091,37039.12257329E6356576 1.5457.528077.67,1501111,81039.12257330E6356577 1.5256.727468.07,040921,52033.42257331E6356578 1.5060.429769.96,9901081,64040.12257332E6356579 1.4266.925869.86,6001181,71042.12257333E6356580 1.4459.421166.46,6801011,78034.12257334E6356581 1.4258.717158.96,610861,58031.42257335E6356582 1.5759.827759.37,2701011,40035.62257336E6356583 1.6557.025667.27,6501061,48038.52257337E6356584 1.6385.421556.57,550921,42032.22257338E6356585 1.4966.223361.96,920971,55032.22257340E6356587 1.5366.839075.07,120841,66031.62257341E6356588 1.5767.228862.17,2801001,43038.12257342E6356589 1.5055.032066.76,9901121,58040.82257343E6356590 1.6750.723263.87,7501211,54041.82257344E6356591 1.7256.826968.27,9701071,60040.42257345E6356592 1.5868.925059.07,3601181,43040.62257346E6356593 1.5661.828169.17,2301211,66041.62257347E6356594 1.5554.027865.37,2001081,53038.42257348E6356595 1.4157.345476.16,570881,44032.72257349E6356596 1.6663.324160.97,690891,52030.42257350E6356597 1.5170.221364.37,000971,56035.62257351E6356598 1.5448.422558.17,1701071,47039.9 Comments: RDL - Reported Detection LimitAnalysis performed at AGAT 5623 McAdam Rd., Mississauga, ON (unless marked by *) About Jourdan Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer. For more information:www.jourdaninc.comRene Bharti, Chief Executive Officer and PresidentEmail: info@jourdaninc.comPhone: (416) 861-5800 Cautionary statements The content and grades of any mineral deposits at our Vallee project are conceptual in nature. There has been insufficient exploration to define a mineral resource on the property and it is uncertain if further exploration will result in the target being delineated as a mineral resource. This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s ability to undertake a drilling program, to further investigate the downdip grade and confirm the volume and grade at the Vallee lithium project, and to establish a mineral resource, the business and operations of the Company, and the Company’s ability to execute its business plan, including its ambition to become a lithium producer. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws. 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 RELEASE.

  • Jourdan Identifies High Grade Lithium in Bulk Sample
    GlobeNewswire

    Jourdan Identifies High Grade Lithium in Bulk Sample

    TORONTO, April 22, 2021 (GLOBE NEWSWIRE) -- Jourdan Resources Inc. (TSXV: JOR) (“Jourdan” or the “Company”) is pleased to announce that, further to its press release dated January 21, 2021, it has received the assay results of the first batch (22 samples) of its sampling of the bulk sample, with grades showing of over 1.5% Li2O. Highlights of Bulk Sample Assays (see Table 1 for additional details) Lithium (Li) values of the samples tested were in the range of 6,120 ppm (parts per million) to 8,190 ppm, with an average of 7,264 ppm.Lithium oxide (Li2O) values of the samples tested averaged 1.56% and ranged from 1.31% to 1.76% Li2O.Beryllium values of the samples tested ranged from 254 ppm to 408 ppm, with a cesium average of 7.45 ppm, and a niobium average of 106 ppm.The Rubidium average in the samples tested was 1,577 ppm, with a tantalum average of 35 ppm, and a barium average of 58 ppm. Rene Bharti, CEO of Jourdan, stated, “We are very excited to have received the first half of assay results showing high grade Li2O in the bulk sample that was taken at our Vallee lithium project. We are now very confident that we can begin to undertake a drilling program to work towards establishing an inferred mineral resource. Given the COVID pandemic and subsequent lockdown, results took longer than we had hoped, but we are very encouraged to see such high-grade lithium results. We plan on releasing the second set of results in the coming weeks. We anticipate that these results will take us closer to realizing our ambition of becoming a leading Canadian hard rock lithium producer.” Jourdan’s chairman, Dr. Andreas Rompel, stated, “Given the large amount of sampling that we conducted, we feel even in the first half, we have a homogenous sample. This implies that these results speak to a large region, and not a specific zone. We are currently analyzing the second batch, and we intend to publicise the results shortly after receipt. Based on our current findings, we are very excited to move forward to begin drilling and defining an inferred mineral resource.” Bulk Sampling Assaying 47 samples were taken from the 40-tonne bulk sample, which was retrieved from the Company’s Vallee lithium project site during 2018. 40 of the 50 tonnes retrieved were shipped in a series of 2 tonne sacks to Process Research Ortech Inc. (“Ortech”) in Mississauga, Ontario for metallurgical test work. During the first quarter of 2021, 47 individual samples were taken on two different occasions under the supervision of Jourdan’s personnel at Ortech. In the first sampling exercise reported here, 22 samples were taken from 3 sacks located inside the laboratory. Three samples (2257311, 2257314, 2257315) consisted of fine milled samples produced previously by Ortech. The other samples consisted of shovel loads of material from one sack spread out on a canvas. The average sample weight of these samples was 2.2 kgs. The 22 samples were sent to AGAT Laboratories in Mississauga, Ontario and were assayed for 58 different elements utilising the sodium peroxide fusion method with an ICP OES or MS finish. The results for lithium were subsequently multiplied by a factor of 2.153 to arrive at a value for Li2O. The highest grade assayed was 1.76% Li2O, with an average of 1.56% Li2O, and a standard deviation of 0.10. Management believes that these results clearly demonstrate the homogeneity of the lithium distribution in the pegmatites situated on the Company’s Vallee lithium property, and management is encouraged to further investigate the strike and down dip extent of these pegmatites. In addition, the Company is excited to report elevated rubidium values averaging 1577 ppm. Qualified Person The scientific and technical information contained herein has been reviewed and approved by Stéphane Amireault, an independent consultant that is a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Table 1 (201-378) Sodium Peroxide Fusion - ICP-OES/ICP-MS Finish Analyte:Li2O BaBeCsLiNbRbTa Unit:% ppmppmppmppmppmppmppmSample IdSample DescriptionRDL: 0.550.11010.20.52257304E6356551 1.494182 60.50254.0066.706,940.00116.001,650.0034.802257305E6356552 1.46404 58.90301.0060.106,800.00108.001,310.0034.902257306E6356553 1.416674 62.30269.0064.906,580.00114.001,600.0037.702257307E6356554 1.418827 62.70333.0070.006,590.00143.001,820.0046.602257308E6356555 1.560925 65.70317.0067.807,250.00119.001,670.0036.102257309E6356556 1.573843 60.10325.0069.807,310.00101.001,490.0036.502257310E6356557 1.567384 64.40306.0065.307,280.00106.001,590.0034.202257311E6356558 1.763307 57.60374.0075.008,190.00106.001,620.0035.702257312E6356559 1.746083 55.60378.0066.008,110.00103.001,540.0031.502257313E6356560 1.698717 55.90290.0057.807,890.00116.001,480.0033.902257314E6356561 1.715941 51.50408.0072.607,970.0095.001,520.0033.902257315E6356562 1.681493 53.90199.0061.607,810.0098.001,630.0034.802257316E6356563 1.735318 56.80279.0068.008,060.00117.001,560.0040.802257317E6356564 1.515712 70.80255.0064.007,040.0093.001,640.0030.702257318E6356565 1.543701 53.00318.0064.607,170.0091.001,560.0034.002257319E6356566 1.317636 66.60407.0073.306,120.0097.001,600.0032.702257320E6356567 1.603985 55.30295.0067.507,450.00108.001,620.0034.002257321E6356568 1.565231 57.10261.0067.207,270.0094.001,680.0032.802257322E6356569 1.360696 45.40324.0056.506,320.0093.001,500.0032.402257323E6356570 1.638433 55.00274.0060.407,610.0096.001,440.0031.702257324E6356571 1.448969 54.90407.0080.006,730.00120.001,660.0042.602257325E6356572 1.573843 61.10347.0068.507,310.0099.001,510.0034.10 About Jourdan Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer. For more information:www.jourdaninc.comRene Bharti, Chief Executive Officer and PresidentEmail: info@jourdaninc.comPhone: (416) 861-5800 Cautionary statements The content and grades of any mineral deposits at our Vallee project are conceptual in nature. There has been insufficient exploration to define a mineral resource on the property and it is uncertain if further exploration will result in the target being delineated as a mineral resource. This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s ability to undertake a drilling program, to further investigate the strike and down dip extent of pegmatites at the Vallee lithium project, and to establish an inferred mineral resource, the publication of a second set of bulk sample results, the business and operations of the Company, and the Company’s ability to execute its business plan, including its ambition to become a leading Canadian lithium producer. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws. 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 RELEASE.

  • Jourdan Completes Shares for Debt Settlement
    GlobeNewswire

    Jourdan Completes Shares for Debt Settlement

    TORONTO, April 16, 2021 (GLOBE NEWSWIRE) -- Jourdan Resources Inc. (TSXV: JOR) (“Jourdan” or the “Company”) is pleased to announce that the Company has completed a shares for debt settlement that was previously announced on April 9, 2021 (the “Shares for Settlement”), after being granted approval by the TSX Venture Exchange. Pursuant to the Shares for Debt Settlement, the Company has issued a total of 4.5 million of its common shares at a deemed price of $0.06 per share for an aggregate amount of $270,000. The common shares issued pursuant to the Shares for Debt Settlement are subject to a four month and one day hold period expiring on August 17, 2021. About Jourdan Jourdan is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSXV and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer. For more information: www.jourdaninc.comRene Bharti, Chief Executive Officer and PresidentEmail: ir@jourdanresources.comPhone: (416) 861-1685 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 RELEASE.