Jiulian Resources Provides Exploration Update
VANCOUVER, BRITISH COLUMBIA, Nov 19, 2012 (Menafn - MARKETWIRE via COMTEX) --Jiulian Resources Inc. ("Jiulian" or the "Company") is pleased to provide an update on exploration activityconducted on its Big Kidd Property ("Big Kidd") optioned to XstrataCopper ("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 geophysicalsurveys.
Jiulian has completed a detailed stream sediment/silt geochemicalsampling program which consists of 477 samples plus 21 duplicates andstandards in total and a 24 kilometre ground-based inducedpolarization ("IP") survey at Little Fort.
Jiulian has received assays for its stream sediment/silt samplingprogram at Little Fort. A summary of the assay data is shown in Table1 below. Compared to the adjacent regional geochemical data byGeological Survey of Canada (NTS 92P area, Open File 6440, 2010), thegold and copper geochemical anomalies are notably high at LittleFort.
Table 1: Summary of gold and copper assays from the stream sediment/silt
sampling program at the Little Fort property
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Number of samples - AuNumber of samples - Cu
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lessgreaterlessgreater
Sampler andTotalthan 99 - 41than 41than 8080 - 188than 188
yearsamplesppbppbppbppmppmppm
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Jiulian 20124771862534811027790
(958(i))(1250(i))
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GSC 2010936842751975016818
(212(i))(1371(i))
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Note: the numbers with (i) in brackets are the maximum values in the assay
data.
In addition to confirming the known anomalies around the mineralshowings and prospects, which were explored by the previous owner ofLittle Fort, the most significant progress of our recent geochemicalsampling program is the identification of a much broader andintensive 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 afollow-up to the geochemical sampling program to detect thechargeability and resistivity underlying the copper-gold geochemicalanomalies around the Worldstock porphyry showing. The IP survey haslocated two strong chargeability (up to 84 mV/V) anomalies, both ofwhich are well correlated with high resistivity and copper-goldgeochemical anomalies.
The management of Jiulian is encouraged by the promising resultsarising from the recent surveys on Little Fort and believes thatthese survey results will help to identify a porphyry copper-golddrilling target.
Qualified Person: Technical information in this news release has beenreviewed and approved by J. Paul Sorbara, P. Geo. who is a QualifiedPerson within the meaning of National Instrument 43-101.
About Jiulian Resources Inc.
Jiulian is a junior exploration public company based in Vancouver, BCengaged in the acquisition and exploration of mineral properties thathave potential of containing metals with strong market demand. TheCompany's management team consists of an experienced geologist,mining engineer, accountant and businessman who have provensuccessful records.
For more information about Jiulian, please visitwww.jiulianresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF JIULIAN RESOURCES INC.
X. Charlie Cheng, Chief Executive Officer, Director
Cautionary Statement
The foregoing information may contain forward-looking statementsrelating to the future performance of the Company. Forward-lookingstatements, specifically those concerning future performance, aresubject to certain risks and uncertainties, and actual results maydiffer materially from the Company's plans and expectations. Theseplans, expectations, risks and uncertainties are detailed herein andfrom time to time in the filings made by the Company with the TSXVenture Exchange and securities regulators. The Company does notassume any obligation to update or revise its forward-lookingstatements, whether as a result of new information, future events orotherwise.
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 regulatoryauthority has approved of disapproved the information containedherein.
Contacts:
Jiulian Resources Inc.
X. Charlie Cheng
Chief Executive Officer and Director
604-609-9945
604-687-8678 (FAX)
office@jiulianresources.com
www.jiulianresources.com
SOURCE: Jiulian Resources Inc.
mailto:office@jiulianresources.com
http://www.jiulianresources.com
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