Jiulian Resources Provides Exploration Update
Vancouver, British Columbia, Canada – November 28, 2017
Jiulian Resources Inc. (“Jiulian” or the “Company”) (TSX-V: JLR) is pleased to provide an update on exploration activity conducted on its 100% interest owned Little Fort Property (“Little Fort”) in British Columbia.
After two years hibernation due to the down market, we believe that it is time to explore our property actively again. The geological mapping around HC Gold showing conducted before 2014 have mapped a 500 by 1600 m diorite stock intruded into volcanic sequences and a small monzonite plug locates in the center of diorite stock. The geochemical sampling also found there is a strong Cu-Au anomaly around the intrusive complex, up to 1216 ppm copper and 685 ppb gold from soil samples. A historic shallow drill hole HC-88-06 at HC gold showing intersects 45.46 m (from 46 to 91.46 m end of hole) copper-gold anomaly and give average 925 ppm copper and 81 ppb gold in this interval. We believe that the HC Gold showing is a high level alkali copper-gold porphyry system and a significant body of mineralization might be concealed at depth.
Between June 21 and July 1, 2017, Peter E. Walcott & Associates Limited undertook 14.1 line kilometres of induced polarization (IP) surveying over the Little Fort property for Jiulian. Numerous strong IP anomalies (mV/V values between 20-50) are detected on the periphery of the HC gold showing. They are likely caused by structure or pyrite halo and not likely to be the exploration targets. An anomaly called rHA is situated around the HC gold showing. This feature is a zone of elevated resistivity associated with a zone of chargeability between 10 to 20 mV/V. The feature is coincident with an intrusive diorite and monzonite complex, over which numerous samples returned highly anomalous copper and gold values. It is of significant interest and warrants further exploration.
Management is encouraged by the promising results arising from the recent surveys on Little Fort and believes that these survey results will help to identify a porphyry copper-gold drilling target.
Over $50,000 has been spent on the exploration in 2017. The Company plans to apply for graduation from NEX to Tier 2 of the TSX Venture Exchange soon.
Qualified Person: Technical information in this news release has been reviewed and approved by J. Paul Sorbara, P. Geo. who is a Qualified Person within the meaning of National Instrument 43-101.
About Jiulian Resources Inc.
Jiulian is a TSXV Tier 2 issuer (TSXV JLR) with offices in Vancouver, British Columbia. The Company’s Board of Directors includes experienced and dedicated professional geologists, businessmen and accounting personnel. The Company is currently exploring its Hawk project, located in the prolific Cariboo region of British Columbia, for large tonnage porphyry style copper and gold mineralization.
For further information, please contact:
X. Charlie Cheng, Chief Executive Officer and Director of Jiulian at 604-639-4418 or by email: email@example.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“X. Charlie Cheng”
X. Charlie Cheng, Chief Executive Officer, Director
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.
All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Jiulian. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.