Jiulian Resources Provides Exploration Update and AGM Results
Vancouver, British Columbia, Canada – September 11, 2018 – Jiulian Resources Inc. (“Jiulian” or the “Company”) (TSX-V: JLR) is pleased to provide an update of exploration activities at its 100% owned Big Kidd property located in Aspen Grove, BC (the “Property”). Jiulian has recently completed a Phase I work program which included a high-resolution (25m line-spacing) ground magnetic survey (Figure 1) centered over the Big Kidd Breccia Zone, an alkalic porphyry target drilled most recently drilled in 2012, which has significant historical intercepts of 62m of 0.95g/t Au, 0.12% Cu (Hole 97-04) and 116m of 0.79g/t Au, 0.12% Cu (DDH 97-05).
Figure 1 – high-resolution (25m line-spacing) ground magnetic survey centered over the Big Kidd Breccia Zone
A volcanic-intrusive complex is located on the Property, centered on the Big Kidd Breccia Zone, near the triple junction of three major regional faults. The 2018 magnetic survey imagery confirms and greatly enhances the known geometry of the fault intersection and other nearby subsurface features. Notably, the intersection is directly up ice from a 2km long copper – gold soil anomaly (up to 2005 ppm Cu, 395 ppb Au).
A 500 meter-wide structurally complex moderate magnetic low is seen directly west of the fault intersection. The magnetic feature is located underneath mapped mineralized breccia outcrops and has been interpreted as the subsurface signature of the Big Kidd Breccia Zone. The magnetic signature is thought to be caused by magnetite destructive alteration / brecciation of the host rock and the emplacement of copper gold mineralization. Additional target areas to the north and south, with similar magnetic signatures, have also been identified.
The magnetic data will be used to plan a Phase II late-2018 drill program to test depth and lateral continuity at the Big Kidd Breccia Zone. Jiulian recently completed a fully subscribed $1,000,000 financing, which will be used to fund the late season drill program.
Annual General Meeting
At Jiulian’s annual general meeting of shareholders held on August 27, 2018 (the “Meeting”), Xiaolin (Charlie) Cheng, Nanmao Su and Sheng (Sam) Wang were re-elected to the Board of Directors. In addition, the shareholders elected Scott Dorion, Oliver Friesen, Ed Milewski and Terese Gieselman as new directors of the Company. The shareholders also passed all other resolutions put forward at the Meeting, including an ordinary resolution to ratify and approve the Company’s existing stock option plan, pursuant to which the Company may grant stock options up to 10 percent of its issued and outstanding common shares at the time of grant.
Thea Koshman and Paul Sorbara did not stand for re-election at the Meeting. Management would like to thank Ms. Koshman and Mr. Sorbara for their contributions during the time of their directorships and we wish them well in their future endeavors.
Mr. Milewski graduated from University of Windsor with B.Comm in 1973. He obtained his CA designation in 1976 and has worked as a financial advisor with various investment firms for 35 years. He established a professional consulting firm, ERM Consulting in 2012 which provides independent advice to public small cap companies across Canada.
Ms. Gieselman has had 32 years’ experience with junior mining and exploration companies listed on the TSX, TSX-Venture Exchange, OTCBB, NASDAQ and AMEX, in the roles of Chief Financial Officer, Treasurer and Corporate Secretary. During her tenure in the resource sector, she has accumulated an extensive background in corporate and financial reporting and compliance for Canada and the United States, including particularly relevant experience in financings, treasury, international corporate structures and financial reporting in Mexico, Peru, Chile, Argentina, Mozambique, Kenya and Zimbabwe.
Mr. Dorion graduated from the University of Alberta in 2010 with a Bachelor of Science in Geology. With over a decade of exposure to the mineral exploration industry, Mr. Dorion has been involved in each phase of pre-mine development from early stage grassroots to advanced feasibility. Mr. Dorion has worked in Canada and Australia, with focus on gold, silver, copper, and zinc projects.
Mr. Friesen holds a B.Sc (Hons.) degree in geology from University of British Columbia and a M.Sc degree focusing in sedimentology from Simon Fraser University. He has been actively involved in mineral exploration since 2010. He has worked on a number of precious and base metal projects throughout Nevada, British Columbia, and the Yukon.
Technical information in this news release has been reviewed and approved by Dr. Gerry Carlson, 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: firstname.lastname@example.org.
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.