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Exchange:
TSX Venture
Market Cap:
5.2 Million
Outstanding
Shares: 20 Million
Price Sept.
28, 2006: $0.26
JRN Recent Stock Quote and
News:
Click Here
Information As Of September 28,
2006 |
"Jourdan
Resources Inc. is in the process to complete a major property
acquisition in the uranium sector. The property is based in
the United States with proven reserves on it. When completed,
this project along with the Guillet concession will become one
of the two main properties."
Overview
Jourdan Resources Inc. is a Canada-based
company engaged in the acquisition, exploration and
development of mineral properties. The company's four projects
are the Guillet Property, Tavernier Property, Windy Property
and Comtois Property. All of the company's properties are
located in the province of Quebec, Canada.
The Guillet Property is made up of 20 claims
and was named after the township in which it is located. On
the property, Gold occurs in quartz veins that are found along
the main schistosity and less frequently at the interface
between volcanics and the iron-formations. The Tavernier
property consists of 15 claims in the township bearing the
same name. Mineralization grading up to 49g/t over up to 1.12m
occurred in past exploration. The Windy Property is comprised
of 66 cells covering 3692ha south of Chibougamau. It is
located at the intersection of two major regional faults along
which several gold deposits and occurrences are known to
occur. The property is comprised of 64 designated cells
covering some 2700ha in Comtois township. The property has
only been explored briefly and Jourdan plans to revive the
project in the upcoming year.
Investment Highlights
-
Québec hosts many world-class ore deposits and is well
known for its precious (gold) and base (copper, nickel,
and zinc) metal output as well as its industrial mineral
production. Furthermore, Québec is the world’s second
largest producer of niobium, and Canada’s second largest
gold and iron producer.
-
The Guillet Property claims cover 320 ha and is entirely
owned by Jourdan with a 2% royalty to the Audet estate.
-
In the Guillet Property, gold occurs in quartz veins that
are found along the main schistosity in weakly zones of
weak-shear zones and less frequently at the interface
between volcanics and the iron-formations.
-
As a result of numerous anomalies resulted from performed
surveys on the Guillet Property, further investigation
needs to be done.
-
The Cadillac-Larder Lake Break area running through
Ontario and Quebec, which is near the company's Tavernier
Property has historically been Canada's most prolific area
for Gold production.
-
The Tavernier project has 15 claims covering some 240 ha
and the claims are under option from Late Léo Audet and
are now in his estate.
-
The real potential of the Tavernier property lies in the
untested brittle-ductile transition resulting from the
shearing along the contact between two contrasting rock
types.
-
Jourdan Resources was one of the first companies to enter
the area where their Windy Property is located. Recently,
Agnico-Eagle Mines Ltd. (TSX: AEM),
a major resource explorer and producer purchased land in
the Chibougamau mining camp.
-
The Windy property is comprised of 66 cells covering
3692ha south of Chibougamau. 5 mineral occurrences part of
the MRNF inventory are found on these claims, 4 for gold
and 1 for base metals.
- The Guillet and Tavernier Properties are being actively
explored and results should be out this fall.
Projects
Guillet Property
The Guillet Property is made up of 20 claims and was
named after the township in which it is located. It lies
some 5km from the town of Belleterre in Quebec Temiscaming
or some 175km to the southeast of Val-d’Or. The claims cover
320 ha and are entirely owned by Jourdan with a 2% royalty
to the Audet estate.
The claims are underlain by volcanics of the Baby Group
forming a narrow arc-shaped belt laid in granitic rocks and
cut by Grenvillian gneisses towards the south and east. On
the property the rocks have a general northeast orientation
with steep SE dips. The volcanics consist mainly of pillowed
mafic volcanics with minor tuffaceous horizons and thin
oxide iron formations. The volcanics are cut by numerous
gabbroic and lamprophyre dykes.
Gold occurs in quartz veins that are found along the main
schistosity in weakly zones of weak-shear zones and less
frequently at the interface between volcanics and the
iron-formations. It occurs in very fine rarely visible
grains within the quartz. Sulphides occurring with the gold
rarely exceed 1% and consist of pyrite, chalcopyrite and
galena.
Locally, a north-south structure as also been observed
and this structure was explored in the northern part of the
property and in the adjoining property by Vantex. On the
Jourdan property, it is expressed by intense shear corridors
with boudinaged quartz veins and more abundant pyrite. On
the Vantex property, this structure intersects a northeast
shear corridor that project onto the Jourdan property.
Further exploration on the Jourdan Property will attempt
to locate the intersection of the north and northeast
structures onto our ground. In winter of 2004-2005, the
property was covered with a new grid and magnetometer and
soil geochemical surveys were carried out over the entire
property while an IP survey was performed in the western
sector. The numerous anomalies resulted from the surveys
need to be further investigated.
Tavernier Property
The Tavernier property consists of 15 claims in the
township bearing the same name. It is located some 50km to
the northeast of Val-d’Or. The claims cover some 240 ha and
the claims are under option from Late Léo Audet and are now
in his estate. Jourdan must spend $100 000 in exploration
and make a cash payment of $25 000 in order to complete the
acquisition. A 2% royalty in the name of Leo Audet will
remain.
The claims are underlain by Keewatin mafic volcanics, an
east-west trending mafic volcanic belt with rare
sedimentary, tuffaceous inte or iron-formation interflows.
The volcanics are cut by numerous syn- to post deformation
granodioarite to diorite dykes, sills or stocks.
The mineralization on the property is found at the
interface between the volcanics and intrusive.
Mineralization grading up to 49g/t over up to 1.12m in past
exploration. A pre NI 43-101 resource of 179 368 st grading
6.8g/t forms the historic resource. These numbers
The real potential of the property lies in the untested
brittle-ductile transition resulting from the shearing along
the contact between two contrasting rock types. Generally
speaking, the intrusive will undergo brittle deformation
creating conduits in which the quartz veins are injected.
The geometry of these veins will tend to be oblique to the
deformation and therefore would have been missed in past
exploration programs.
Jourdan is currently reavaluating the properties in order
to evaluate its potential in the light of a revised
geological model. It is worth noting that this type of
mineralization occurs some 8.7km from Tavernier in the
Croinor Deposit.
Windy Property
The Windy Property is comprised of 66 cells covering
3692ha south of Chibougamau. The property is underlain by
volcanic sequences and injected with numerous dykes. It is
located at the intersection of two major regional faults
along which several gold deposits and occurrences are known
to occur (Lac Shortt, Joe Mann, Chevrier).
5 mineral occurrences part of the MRNF inventory are
found on these claims, 4 for gold and 1 for base metals.
Moreover, I target from the VMS target evaluation study (ET
2005-01), 6 from the gold target evaluation (ET2006-01) and
1 target from Diagnos’ regional artificial intelligence
compilation of the Abitibi are found on these claims.
The claims lie on a splay of the Opawica - Guerchville
regional fault oriented roughly east-west and branching
south from the main structure. It has been traced from the
JoeMann Mine to the Lac Shortt Mine. The regional structure
is cut by the northeast trending Fancamp fault along which
the Chevrier gold deposit is located (8 305 996 t grading
2,28 g/t Au including 2 089 670 t @ 5,01 g/t - GM 52088).
The property is underlain by volcanics of the Des Vents
member of the Obatogamau Group comprised of pillowed to
massive mafic volcanics topped by pyroclastics with
occasional thin sedimentary horizons. Gabbro dykes along the
main schistosity are also common.
Comtois Property
The property is comprised of 64 designated cells covering
some 2700ha in Comtois township. It is located some 15
kilometres to the east of Lebel-sur-Quévillon.
Archean volcanic and sedimentary rocks including mafic to
intermediate flows, intermediate to felsic volcanic flows
and volcaniclastic rocks, argillites, greywackes,
conglomerates, graphitic shales and iron formation are found
locally. The rocks on the property are mostly metamorphosed
to greenschist facies and to upper amphibolite facies along
intrusion margins.
The property has only been explored briefly and Jourdan
plans to revive the project in the upcoming year.
Mining In Quebec
The mining industry is a key component of Québec’s
economy. In 2003, mining investments reached more than 742
million dollars. Québec hosts many world-class ore deposits
and is well known for its precious (gold) and base (copper,
nickel, and zinc) metal output as well as its industrial
mineral production. Furthermore, Québec is the world’s
second largest producer of niobium, and Canada’s second
largest gold and iron producer. It is also an important
producer of titanium slag and chrysotile.
Québec is a tremendously vast territory with a rich and
diversified geological potential. Ninety percent of its
bedrock consists of Precambrian rocks that host several
types of ore deposits, including lode gold, volcanogenic
massive sulphides, magmatic nickel-copper, and
diamondiferous kimberlites.
Recent News and Press Releases
Jourdan Resources Inc.: Closing of a Private Placement (Thu,
Jun 29, 2006)
Jourdan Resources Inc.: Comtois Property Acquisition (Mon,
Apr 17, 2006)
Jourdan Resources Inc.: Shares for Debt Settlement (Fri, Apr
07, 2006)
Jourdan Resources Inc.: Nomination to the Board of
Directors, Final Closing of the Financing and Incentive
Stock Option Plan approved. (Tue, Apr 04, 2006)
Management TeamMichel L.
Côté - President and CEO
Mr. Côté obtained a Bachelor Degree in Economic Science at
Montreal University in 1971 and worked in the stock market
field all through his career. He notably holds down the
position of Executive Vice President at Midland Walwyn
Capital from December 1987 to March 1990; afterwards, he was
appointed president of Alpha Capital Inc. until September
2001. Mr. Côté sits on the committees of various juniors
companies registered on the stock exchanges such as TSX-V,
CNQ and on NEX.
Guy Girard - CFO
Mr. Girard graduated from UQTR (Trois-Rivières, Quebec) in
1985 with a finance degree. In 1992, he obtained a master
degree in finance from Laval University (Quebec City). From
1985 to 1998, Mr. Girard worked as representative, director
and vice-president for various Canadian securities firms. In
1998, Mr. Girard founded Avensys Corporation Inc. and was
its vice-president finance until August 2003. During this
period while being responsible of the financial operations
of Avensys Corporation Inc. and its five subsidiaries, Mr.
Girard worked and realized many acquisitions and financing
transactions. Mr. Girard was President of Cogivar
Corporation and Vice-President of Pamérica Corporation, two
capital poll companies, which have recently completed their
major transactions in order to qualify under the TSX Venture
regulations. Mr. Girard is presently a partner of Sugarhill
Capital, a Montréal based merger and acquisition consulting
firm. He is also a director of Kree Technologies
Corporation, Wanted Technologies Corporation and Jourdan
Resources Inc., which are listed on the TSX-Venture
exchange, as well as a member of many committees.
Marc Labrecque - Secretary
Mr. Labrecque is a well success business man. He has more
than 25 years of experience in sales and managing enterprise
in retail sector, He was the owner of different large
grocery stores (Loeb and Provigo) from 1992-2000, General
Manager of Loblaws in 2000-2002 and He was the General
Manager for Provigo’s banner (9 branchs) and Intermarché (11
branchs) from 2002 to 2004 in Northern Quebec. Since 2004 He
is Vice-President Development and co-partner for Alarme
Labrex (an important Alarm enterprise in Security in the
Quebec province).
André E. Audet - Administrator
Mr. Audet is involved in the venture capital field for more
than 30 years. Since 1990, he was President and co-founder
of Capital Capda Corporation, a specialized firm in venture
capital. From 1993 to 1996 Mr. Audet was administrator and a
member of the Via Rail investment committee. Since 1994, he
is an administrator and the co-founder of Brome Inc.
financial Corporation, a society involve in different
advance financing. Since 2005 he is on the investment
committee of Novocap I and II, limited partnership and he is
also an administrator of HLT Energie 92006 Inc, a society
listed on the TSX Ventures.
Stuart Lee - Administrator and Geologist
Mr. Lee is a former geologist and has more than 30 years of
experience in the mining exploration field. Mr. Lee played
an important part in the creation and the financing of
numerous exploration societies, which most of them became
productive society. From 1996 to 1999, he occupied the
position of President and general Manager of Millennium Gold
Corp., an exploration society in Thailand. From 1999 to
2003, he occupied the function of President and General
Manager of Wildcat Exploration Inc., an exploration company
in Manitoba concentrated in the gold bearing camps of
Bissett. From 2003 to 2005, he was administrator of Sahelian
Goldfields Inc. (today known as Sage Gold Inc.)
ContactsJourdan
Resources Inc.
1200 Escale Street, C.P. 43
Val D'or (Qc) J9P 4N9
Phone: 819-856-3598
Fax : 819-825-6316
Email:
jourdan@cablevision.qc.ca
SEDAR FilingsJRN filings
with SEDAR can be found
here.
All Fillings are current and the Company is fully
reporting.
FORWARD LOOKING STATEMENTS
This report includes forward-looking statements that
reflect Jourdan Resources Inc. current expectations about
its future results, performance, prospects and
opportunities. Jourdan Resources Inc. has tried to
identify these forward-looking statements by using words
and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject
to a number of risks, uncertainties and other factors that
could cause Jourdan Resources Inc.'s actual results,
performance, prospects or opportunities to differ
materially from those expressed in, or implied by, these
forward-looking statements. These risks, uncertainties and
other factors include, without limitation, the Company's
growth expectations and ongoing funding requirements, and
specifically, the Company's growth prospects with scalable
customers, and those outlined above. Other risks include
the Company's limited operating history, the Company's
history of operating losses, consumers' acceptance, the
Company's use of licensed technologies, risk of increased
competition, the potential need for additional financing,
the terms and conditions of any financing that is
consummated, the limited trading market for the Company's
securities, the possible volatility of the Company's stock
price, the concentration of ownership, and the potential
fluctuation in the Company's operating results.
Disclaimer
AllPennyStocks.com feature stock reports are intended to be
stock ideas, NOT recommendations. Please do your own
research before investing. It is crucial that you at least
look at current SEC filings and read the latest press
releases. Information contained in this report was extracted
from current documents filed with the SEC, the company web
site and other publicly available sources deemed reliable.
For more information see our disclaimer section, a link of
which can be found on our web site. This document contains
forward-looking statements, particularly as related to the
business plans of the Company, within the meaning of Section
27A of the Securities Act of 1933 and Sections 21E of the
Securities Exchange Act of 1934, and are subject to the safe
harbor created by these sections. Actual results may differ
materially from the Company's expectations and estimates.
This is an advertisement for Jourdan Resources Inc. The
purpose of this advertisement, like any advertising, is to
provide coverage and awareness for the company. The
information provided in this advertisement is not intended
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