31 October 2013 21:58 [Source: ICIS news]
HOUSTON (ICIS)--Jourdan Resources has added another holding to its growing mining ventures in Canada as the company has acquired full interest in the Hache Phosphate property in Quebec, the Canadian fertilizer producer announced on Thursday.
Quebec-based Jourdan is engaged in the exploration and development of phosphate mining properties in the region. Company officials said the Hache acquisition is composed of 155 claims and has deposits estimated at 20.32m tonnes.
Originally developed as a potential source for iron ore, Jourdan officials said the company is the first to attempt to extract phosphate from the location as geophysical testing has indicated the potential for recovering high quality phosphate rock.
Company officials said by securing the Hache property, it has amassed several properties that can be utilising the same modes of production and processing site and help transform the region into a significant source of phosphate.
Currently, Jourdan has the Dissimieux Lake site, the Cache Phosphate property, as well as the Lac Catherine operation, which was acquired in early October. Earlier this week, it announced it had obtained the adjacent Sault Au Cochons site.
“Jourdan continues to target and acquire properties that are foundation building in a regional phosphate production model, with the idea of using a central production facility for many properties,” said Michael Dehn, Jourdan CEO.
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