|By Marketwired .||
|November 19, 2012 01:39 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/19/12 -- Jiulian Resources Inc. ("Jiulian" or the "Company") (TSX VENTURE: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 ---------------------------------------------------------------------------- Number of samples - Au Number of samples - Cu ---------------------------------------------------------------------------- less greater less greater Sampler and Total than 9 9 - 41 than 41 than 80 80 - 188 than 188 year samples ppb ppb ppb ppm ppm ppm ---------------------------------------------------------------------------- Jiulian 2012 477 186 253 48 110 277 90 (958(i)) (1250(i)) ---------------------------------------------------------------------------- GSC 2010 936 842 75 19 750 168 18 (212(i)) (1371(i)) ---------------------------------------------------------------------------- Note: the numbers with (i) in brackets are the maximum values in the assay data.
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 junior exploration public company based in Vancouver, BC engaged in the acquisition and exploration of mineral properties that have potential of containing metals with strong market demand. The Company's management team consists of an experienced geologist, mining engineer, accountant and businessman who have proven successful records.
For more information about Jiulian, please visit www.jiulianresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF JIULIAN RESOURCES INC.
X. Charlie Cheng, Chief Executive Officer, Director
The foregoing information may contain forward-looking statements relating to the future performance of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved of disapproved the information contained herein.
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