Jourdan Resources Inc. (TSX VENTURE: JRN) ("JOURDAN" or the
"Company") is pleased to announce the acquisition of the Baude Lake
Rare Earth Elements or "REE's" Property (the "Property") in the
Mauricie region of south central Quebec. The Property is located
250 km north-northeast of Montreal and is accessible via logging
roads some 45 km northwest of Provincial Highway #155 halfway
between Trois-Rivieres and La Tuque (Quebec), a 3 hour drive from
Montreal.
The Property consists of 33 mineral claims for 1,934 hectares or
19.3 km2. The claims were purchased from an arm's length third
party (the "Vendor") for a cash payment of $ 5,000 and 500,000
common shares of JOURDAN at $0.05 per share. The Vendor retains a
2% Net Smelter Returns (the "NSR") Royalty of which half can be
purchased by JOURDAN for $ 1 million. Registration of the claims by
the Quebec government is still pending, but should be confirmed
shortly.
Previous work on the Property has been limited to basic
prospecting, 5 short drill holes totalling 62 m in mostly
overburden and granitic boulders, and a 3.5 ton bulk sample taken
from the main allanite outcrop. Outcrops and boulders containing
allanite were uncovered on the Property in the 1890's by government
geologist. In 1921 and 1949, prospectors outlined granites
containing up to 60% 5 cm by 3 cm allanite crystals in selected
samples within a 20 m by 6 m outcrop (Ministere des ressources
naturelles et de la faune du Quebec Assessment Reports GM 1837 and
GM 1883) described in 1949 as a "... granite containing appreciable
amounts of allanite ... (with) large tonnage possibilities ..." (GM
18620).
In 1951 and 1952, a 4 ton hand sorted bulk sample was extracted
from a north-south ridge hosting steeply dipping "red granite" in
grey gneisses (GM 18621) on the eastern shore of Baude Lake. The
granite contained allanite as coarse-grained disseminations and
veins up to 6 cm wide linked to small centimetric pockets of
allanite. Approximately 170 kg of allanite crystals were removed
from the bulk sample and treated separately in the metallurgical
test work. The allanite crystals yielded a grade of 9.60% REE's
with the remaining 3,400 kg allanite-poor material assayed 0.53%
REE's, for a total combined grade of 0.86% REE's.
Short-hole drilling totaling 62 m in 5 holes (GM 15075 and GM
16818, 1964; GM 18175, 1966; GM 20900 and GM 22697, 1967)
intersected boulders of granites and gneisses, magnetite-rich
sands, clays and ended in bedrock in all but one hole. The granite
bedrock from DDH#1 yielded allanite and zircon crystals (GM 15075);
whereas magnetite-rich sands and gravels in one of the 1967 drill
holes yielded 30% Iron and 1.5% Zircon in a 1.6 m interval (GM
22697).
The allanite occurrence is enclosed in a 12 km long elliptical
magnetic anomaly forming a magnetic-high rim and a magnetic-low
core within gneisses. The shape of the magnetic anomaly and the
presence of allanite and REE's suggest the presence of an alkaline
intrusive complex, unknown until now. JOURDAN plans a prospecting,
geological mapping and sampling, trenching, and a combined magnetic
and radiometric geophysical survey to determine the full extent of
the REE's mineralization within the elliptical magnetic anomaly.
Favourable results would eventually lead to diamond drilling for
continuity and grade of the REE's mineralization.
REE'S and the Alkaline Intrusive Complexes
High Technology Metals or "HTM's" (MRNFQ ET91-09, 1993) such as
Lithium (Li), Beryllium (Be), Tantalum (Ta), Cesium (Cs), Rubidium
(Rb), Molybdenum (Mo), Zirconium (Zr), Niobium (Nb), and REE's.
REE's consists of the elements Lanthanum (La), Cerium (Ce),
Praseodymium (Pr), Neodymium (Nd), Promethium (Pm), Samarium (Sm),
Europium (Eu), Gadolinium (Gd), Terbium (Tb), Dysprosium (Dy),
Holmium (Ho), Erbium (Er), Thulium (Tm), Ytterbium (Yb), Lutetium
(Lu) and Yttrium (Y). The presence of these elements was never
individually confirmed or quantified on the Property; however, it
is a well known fact that alkaline intrusive rocks of both the
silicate and carbonate suites have traditionally hosted most of
HTM's.
The Silicate Suite - Syenites
Syenites are a coarse-grained intrusive rocks of the same
general composition as granite but with the quartz either absent or
present in relatively small amounts (less than 5%). The feldspar
component of syenite is predominantly alkaline in character
(usually orthoclase, a potassium aluminum silicate). Plagioclase
feldspars (a sodium and/or calcium aluminum silicate) may be
present in small quantities, less than 10%. When present,
ferromagnesian minerals are usually hornblende (a calcium sodium
magnesium iron aluminum silicate hydrate).
Syenites are usually per-alkaline and per-aluminous with high
proportions of alkali elements (potassium, sodium) and aluminum.
Syenites are formed in thick continental crust areas, such as the
Canadian Shield. A silica under-saturated melt would form a
nepheline syenite, where orthoclase is replaced by a feldspathoid
such as leucite (a potassium aluminum silicate), nepheline (a
silica-undersaturated sodium potassium aluminum silicate) or
analcime (a sodium aluminum silicate hydrate).
Syenite is not a common rock, but the Canadian Shield and
especially the Grenville Geological Province hosts some of the more
important occurrences. They tend to occur with carbonatites, form
part of concentrically zoned intrusive complexes with a syenite
core and a hornblende-pyroxene (a calcium aluminum silicate
combined in one or several of the following elements such as
sodium, magnesium, and more rarely zinc, manganese, lithium,
chromium, scandium, titanium and vanadium) gabbroic rim.
The Carbonate Suite - Carbonatites
Carbonatites contain greater than 50% carbonate minerals.
Carbonatites usually occur as small plugs within zoned alkaline
intrusive complexes, or as dykes, sills, breccias and veins. The
majority of carbonatites are Proterozoic (2,500 Ma to 550 Ma) or
Phanerozoic (550 Ma to today) in age.
The primary mineralogy is highly variable, but may include
natrolite (a sodium aluminum silicate hydrate), sodalite (a sodium
aluminum silicate chloride), apatite (a calcium fluorine phosphate
hydrate), barite (a barium sulphate), fluorite (a calcium
fluoride), ancylite (a strontium cesium lanthanum carbonate
hydrate) and other rare minerals not found in more common igneous
rocks.
Most carbonatites tend to include some silicate mineral fraction
such as pyroxene, olivine (a magnesium iron silicate) and
nepheline.
Geochemically, carbonatites are dominated by incompatible
elements (such as Barium, Cesium, Rubidium) and depletions in
compatible elements (Hafnium, Zirconium and Titanium). A specific
type of hydrothermal alteration termed fenitization is typically
associated with carbonatite intrusions. This alteration assemblage
produces a unique rock mineralogy consisting of alteration halos
with bluish colored sodium-rich silicates along with phosphates,
and iron and titanium oxides.
Carbonatites are typically associated with undersaturated (low
silica) igneous rocks that are either alkali- (sodium, potassium),
iron- and zirconium-rich rocks or alkali-poor,
iron-calcium-magnesium-rich and zirconium-poor rocks.
Carbonatites are known to form in association with
concentrically zoned complexes of alkaline-igneous rocks, sills,
dykes and multi-stage cylindrical intrusive bodies with several
distinct phases of carbonatite intrusions. Dozens of carbonatites
are known, including Oka and St.-Honore in Quebec.
Carbonatites may contain economic or anomalous concentrations of
REE's, phosphorus, niobium, tantalum, uranium, thorium, copper,
iron, titanium, vanadium, barium, fluorine, zirconium, and other
rare or incompatible elements. Apatite, barite and vermiculite-mica
are among the industrially important minerals. Vein deposits of
thorium, fluorite, or REE's may be associated with carbonatites,
and may be hosted internal to or within the adjacent fenites.
Rare Earth Elements and High Technology Metals
REE's are used in the high technology fields and have
environmental applications. The United States Geological Survey
stated in 2002 (USGS Fact Sheet 087-02) that "High technology and
environmental applications of the (REE's) have grown dramatically
in diversity and applications over the past four decades ...
substitutes for the (REE's) are inferior or unknown ... the (REE's)
have acquired a level of technological significance much greater
than expected ... most of the world's supply comes from only a few
sources ... more than 90% of (REE's) required by U.S. industry came
from deposits in China."
Uses of the HTM's range from lighter flints and glass polishing;
high tech phosphors in energy-efficient fluorescent lamps;
fibre-optic cables and lasers; lightweight and high strength
magnets used in appliances, audio and video equipments; computers;
automobiles in pollution-control catalytic converters;
communication systems; military gear; batteries; magnetic
refrigeration; high temperature superconductors; and safe storage,
and transport, of hydrogen.
From the discovery of the REE's (during the period 1794 to 1907
though the mid-1950's, only a few of the REE's were produced in
small amounts from monazite (a Cerium-Lanthanum-Nyodymium-Thorium
phosphate) bearing placers and veins, derived from pegmatites and
carbonatites, and as minor by-products of Uranium and Niobium
extraction. In 1949, a carbonatite intrusion containing 8% to 12%
rare-earth oxides ("REO's") was discovered at Mountain Pass
(California) with a total reserve of 20 million tonnes at an
average grade of 9.3% REO's. The REE's are hosted by bastnasite (a
Cerium-Lanthanum Fluorine-bearing carbonate). From 1965 to 1985,
Mountain Pass was the dominant source of REE's.
Since 1985, the main supplier of the world's REE's is China,
chiefly from two sources: the Bayan Obo Iron-Niobium-REE's Deposit
(reserves of 40 million tonnes grading 3% to 6% REO, and
ion-adsorption ores rich in Lanthanum-Yttrium-Neodymium in
lateritic weathering crusts developed on quartz-rich (granites) and
quartz-poor (syenites) rocks in tropical China. With China
currently producing 97% of the world's REE's requirements and
steadily imposing export quotas, non-China consumers (Japan, Korea,
Thailand, USA) are looking for alternative, stable supplies.
The REE's of eastern Canada, particularly in the Middle to Late
Proterozoic (1,600 Ma to 542 Ma or million years ago) alkaline
intrusive complexes have recently received more attention. Three
significant plays have unfolded in Quebec:
(1) Quest Uranium Corporation's Strange Lake REE's occurrences
in Quebec straddling the Quebec-Labrador border adjacent Rio
Tinto's Strange Lake REE's-Zirconium-Yttrium-Niobium-Beryllium
Deposit (historical resources of 52 million tonnes grading 3.25%
ZrO2, 0.56% Nb2O5, 0.66% Y2O3, 0.12% BeO and 1.30% REO (Quest
Uranium Corporation, 2009);
(2) The Manitou-Kwyjibo REE's occurrences located north of
Sept-Iles, Quebec (Magrina, Hebert and Corriveau, 2005), where past
operators uncovered up to 1.83% Copper, 0.96%
Lanthanum-Cerium-Samarium, 0.065% Thorium, 0.044% Uranium and 164
ppb Gold in a 9.5 m channel sample; 0.36% Copper over 16.5 m and
0.88% Lanthanum-Cerium-Samarium over 29.9 m in drill core (Gauthier
et al., 2004); and
(3) The Kipawa Alkaline Complex of the Temiscamingue region of
western Quebec, which yielded a number of HTM's occurrences with
grab samples yielding up to 5.74% REE's, 0.31% Yttrium and 0.085%
Thorium (Aurizon Mines Ltd., 2008).
About Jourdan Resources Inc.
Jourdan Resources Inc. is a Canadian junior mining exploration
company trading under the symbol JRN on the TSX Venture Exchange.
The Company is focused on the acquisition, exploration, production,
development and if, as the case may be, the operation of mining
properties in strategic uranium and High Technology Metals or
"HTM's" sectors of eastern Canada. The Company's properties are
currently at the exploration stage along Quebec's North Shore
region, and now HTM's and REE's in the Mauricie region of south
central Quebec.
Please visit the Company's website at www.jourdan.ca, and you
can also download Jourdan's Corporate Summary at
www.jourdan.ca/jrn.pdf.
The technical information in this news release was prepared,
reviewed and approved by Mr. Jean Lafleur, M. Sc., P. Geo., Senior
Technical Consultant to JOURDAN, and a Qualified Person under NI
43-101 regulations.
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 statements.
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.
Contacts: Jourdan Resources Inc. Emilien Seguin President and
CEO 450-670-5224 514-787-1457 (FAX) Jourdan Resources Inc. Guy
Girard VP Finance and Director 514-798-1290 514-787-1457 (FAX)
info@jourdan.ca www.jourdan.ca
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