FSC / Press Release Jourdan Acquires Sault Au Cochons Phosphate Property Forestville, Quebec * 100% interest in 28-claim, 15.7 sq. km Sault Au Cochons Phosphate Property, no royalties * Government results of 3.37% to 4.25% P2O5 Toronto (Canada), October 28, 2013 /FSC/ - Jourdan Resources Inc. (JOR - TSX Venture), ("JOURDAN" or the "Company") (www.jourdan.ca)is pleased to announce that it has acquired 100% interest in the 15.7 square kilometre Sault Au Cochons Phosphate Property (or, "SAC"), composed of 28 claims and located 100 km by road north northwest of Forestville, 50 km southwest of Jourdan's Dissimieux Lake Phosphate Property, and 35 km northeast of Jourdan's Cache Phosphate Property, in the Province of Quebec, Canada. The SAC Phosphate Property is adjacent to Jourdan's Lac Catherine Phosphate Property. The property was staked by Jourdan following extensive compilation and targeting of prospective geological units along the St. Lawrence North Shore Region between Saguenay and Baie-Comeau, in proximity to Jourdan's Jazz and Dissimieux Lake Phosphate Properties (See Map 1). The SAC Phosphate Property covers lenses of oxide-apatite gabbronorite (OAGN) rich in iron, titanium and phosphorus (FTP). According to the Quebec Ministry of Natural Resources, "The region shows strong mineral potential for iron-titanium oxide and apatite deposits associated with gabbronorites" (Source Natural Resources Quebec Report RP 2009-01(A)). Map 1: Jourdan Resources' Phosphate Property Locations, Quebec http://jourdan.ca/pdf20131028MAP1.pdf Sault Au Cochons contains lenses of OAGN. These lenses occur close to the border and inside the Labrieville Anorthosite (LBV) which is host to Argex Titanium's Lac Brule deposit. In the region the previously mapped lenses of OAGN have an approximate strike length of 20 km, and Jourdan has acquired by staking approximately 15.2 km of these strong mineral potential lenses. There is 11.2 km of strike length on the SAC Phosphate Property and 4 km of strike length has been traced on the Lac Catherine Phosphate Property on surface (See Map 2). Map 2: Jourdan Resources' Lac Catherine and Sault Au Cochons Phosphate Properties' proximity to each other with simplified geology map (Owens and Dymek (2001): Petrogenesis of the Labrieville Alkalic Anorthosite Massif, Grenville Province, Quebec) http://jourdan.ca/pdf/20131028MAP2.pdf On Thursday October 24, 2013, Arianna Phosphate released the results of its Lac A Paul Feasibility Study: "A Net Present Value of US$ 1,910.1 million at an 8% discount rate, an Internal Rate of Return of 20.7% with a capital payback of 4.4 years before taxes and mining duties. The mine life estimate is 25.75 years (excluding pre-production) with an average annual phosphate concentrate production of 3 million tonnes with a grade of 38.6% P2O5 and with average mill recovery of 90.0%." 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 is not a unique occurrence. 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. Map 3: Major Phosphate Players in Quebec http://jourdan.ca/pdf/20131028MAP3.pdf Samples collected by the Ministry of Natural Resources, Quebec, from Sigeom, show surface grab samples with results ranging from 3.37% to 4.25% P2O5 (Tables 1, below and Map 4, below). These samples were collected over an approximate 4km strike length. The samples appear to correlate with the OAGN rocks that appear on simplified geology map. Map 2. Table 1: Assays from Sigeom -***- ------------------------------------- Sample Fe2O3t TiO2 P2O5 (%) (%) (%) ------------------------------------- 2007045649 24.58 7.31 4.25 ------------------------------------- 2007045654 27.04 6.56 3.64 ------------------------------------- 2007045653 24.85 5.65 3.37 ------------------------------------- 2007045660 24.48 5.82 3.56 ------------------------------------- -****- Map 4: Jourdan Resources' Sault Au Cochon Phosphate Property map with sample locations http://jourdan.ca/pdf/20131028MAP4.pdf "As we continue to expand our phosphate properties in Quebec, the exploration models we have developed are increasing our targeting speed. Our rapid assessment of projects has allowed us to put together what we feel is the premier package of phosphate properties in Canada", state Jourdan's President and CEO Michael Dehn. "We see Quebec having the potential to be as significant a phosphate region as North Africa, especially as a future reliable and high quality source of phosphate for fertilizer as the global population continues to grow and countries look for increased domestic food security." 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 firstname.lastname@example.org email@example.com 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. To view this press release as a PDF file, click onto the following link: http://www.usetdas.com/pr/SkkynetOct282013.pdf Source: Jourdan Resources Inc. (TSXV: JOR) http://www.jourdan.ca Maximum News Dissemination by FSCwire. http://www.fscwire.com Provider ID: 00022416 -0- Oct/28/2013 11:30 GMT
Jourdan Acquires Sault Au Cochons Phosphate Property Forestvill
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