Jiulian Resources Provides Exploration Update
Vancouver, British Columbia, Canada – November 19, 2012
Jiulian Resources Inc. (“Jiulian” or the “Company”) (TSX-V: JLR) is pleased to provide an update on exploration activity conducted on its Big Kidd Property (“Big Kidd”) optioned to Xstrata Copper (“Xstrata”) and its 100% interest owned Little Fort Property (“Little Fort”) in the Nicola Mining Division, British Columbia.
Xstrata commenced its 2,000 metre drilling at Big Kidd on November 8, 2012 after one year’s geological mapping, geochemical and geophysical surveys.
Jiulian has completed a detailed stream sediment/silt geochemical sampling program which consists of 477 samples plus 21 duplicates and standards in total and a 24 kilometre ground-based induced polarization (“IP”) survey at Little Fort.
Jiulian has received assays for its stream sediment/silt sampling program at Little Fort. A summary of the assay data is shown in Table 1 below. Compared to the adjacent regional geochemical data by Geological Survey of Canada (NTS 92P area, Open File 6440, 2010), the gold and copper geochemical anomalies are notably high at Little Fort.
Table 1: Summary of gold and copper assays from the stream sediment/silt sampling program at the Little Fort property
In addition to confirming the known anomalies around the mineral showings and prospects, which were explored by the previous owner of Little Fort, the most significant progress of our recent geochemical sampling program is the identification of a much broader and intensive copper-gold anomaly around the Worldstock porphyry showing, which locates at the southeast portion of Little Fort.
The IP survey was carried out by Peter Walcott & Associates Ltd. as a follow-up to the geochemical sampling program to detect the chargeability and resistivity underlying the copper-gold geochemical anomalies around the Worldstock porphyry showing. The IP survey has located two strong chargeability (up to 84 mV/V) anomalies, both of which are well correlated with high resistivity and copper-gold geochemical anomalies.
The management of Jiulian 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.
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: office@staging.boost-digital.ca.
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.
