Consolidated Lithium Metals Stock Price, News & Analysis

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORFF; FRA: 2JR1) reported final assay results from its Vallée Lithium Project, confirming mineralization is open for further exploration. The results from 13 additional drill holes showed significant lithium concentrations, with the highlight being 0.82% Li2O over 8 meters from drill hole VAL22-8-5. An upcoming 24,000 meter drilling program is scheduled to begin in May to expand resources for the North American Lithium concentrator. Previous results mentioned include a noteworthy 13.6 meters of 0.50% Li2O. The company aims to utilize this data to establish an initial mineral resource estimate.

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORFF) announced plans for an extensive summer exploration program at its Baillargé project. The initiative includes drilling 20 holes, totaling 3,000m, to explore four identified Li-bearing pegmatites exposed during last summer's mapping effort. Soil sampling has revealed significant anomalies near the pegmatite outcrops, particularly south of Lac Baillargé. The company has secured the necessary permits and is optimistic about establishing a mineral resource estimate based on initial findings. Key figures include spodumene occurrences up to 50cm in length, reinforcing the project's high-grade lithium potential.

Jourdan Resources Inc. has announced a major lithium drill program in collaboration with North American Lithium Inc. (NAL), a subsidiary of Sayona Mining Ltd.. Set to commence in May 2023, this initiative aims to define a mineral resource base at the Vallee property, enhancing supply to NAL's concentrator, which started processing operations on February 27, 2023. The program includes over 50,000 m of drilling, with 24,000 m already approved for the Earn-in Claims under a joint venture agreement.

Both companies are preparing to increase mineral resources to support higher tonnages for long-term production in the growing lithium market.

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORF) has announced partial results from its summer 2022 soil sampling program on the Preissac-La Corne property in Quebec. The program identified several lithium anomalies, indicating potential targets for further exploration in summer 2023. The soil samples, collected over a 400m x 200m grid, are awaiting results from the northern part of the property, which is expected soon. The program is managed by GeoTasks Inc. under the supervision of qualified geologists. Jourdan is optimistic about the findings, particularly regarding lithium-bearing pegmatites, and is awaiting more results to define targets for follow-up exploration.

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORF) has appointed Robert Bryce to its board of directors, effective immediately. With over 50 years of mining experience, Bryce brings valuable expertise from his leadership role in the Selbaie project, Quebec's largest base metal producer. His background includes significant contributions at Aur Resources and founding Xemac Resources. This appointment follows the resignation of Blake Hylands, for whom the company expressed gratitude. Jourdan focuses on the exploration and development of mining properties in Quebec, particularly in the La Corne Batholith area.

Jourdan Resources Inc. announced the second set of assay results from its summer/fall 2022 drilling campaign at the Vallée Lithium Project in Quebec. The results include high-grade lithium concentrations exceeding 1.0% Li2O in four out of nine drill holes. Notably, hole VAL22-7-4 recorded 1.23% Li2O over 4.15 m. The drilling program, comprising 32 holes and totaling 6,585 m, aims to extend the known spodumene-bearing pegmatite swarm. The company expects more results soon, which will be critical in updating their geological model and establishing an initial mineral resource estimate at Vallée.

Jourdan Resources Inc. has appointed Roger Lemaitre as Vice-President and Head of Mining. With over 30 years in the mining sector, Lemaitre previously led UEX Corporation, steering it through a uranium bear market and increasing its market cap from C$75 million to C$310 million. His expertise will support Jourdan's development, particularly as it seeks to establish an initial mineral resource estimate at its Vallée property, adjacent to North American Lithium. CEO Rene Bharti emphasizes Lemaitre's critical role in overseeing drill programs and advancing the company’s mining strategy.