JIULIAN RESOURCES INC. (TSX-V: JLR) (“Jiulian” or the “Company”) is pleased to report the successful mobilization of a drill rig to the Company’s 100% owned Big Kidd Project (“Big Kidd” or the “Project”), located near Merritt, British Columbia. A 4000-meter winter drill program is scheduled to commence on February 2nd, 2019. Jiulian has benefited from mild winter conditions in the Aspen Grove area which has allowed for quick and efficient mobilization.
The Company has contracted Revolution Diamond Drilling Ltd., based out of Smithers, B.C. Drilling will be done with a fully automated Drillco modular drilling system capable of drilling to depths over 2000m. The Drillco system was recently developed and provides many operational, safety, and financial efficiencies over traditional diamond drills. More information about the Drillco advantages can be found at www.drillcomining.com.
Jiulian has also completed construction of core logging and cutting infrastructure at a warehouse facility in West Kelowna, BC, only 87 kms from the Project along highway 97C. Drill core will be transported daily from the drill sites to the warehouse facility, where it will be logged, processed, cut, and sampled, allowing the Company to maintain a low all-in drilling cost throughout the program.
Jiulian is an exploration company engaged in acquiring and advancing mineral properties located in southern British Columbia. The Company’s flagship asset is the wholly-owned, 4,056-hectare Big Kidd property, located near Aspen Grove, BC. Jiulian Resources is based in Kelowna, British Columbia, and is listed on the TSX-V under the symbol “JLR”.
ON BEHALF OF THE BOARD OF DIRECTORS OF
JIULIAN RESOURCES INC.
“X. Charlie Cheng”
Chief Executive Officer
For more information regarding this news release, please contact:
Oliver Friesen, Director
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, constitute “forward-looking information” as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including: that the Company’s financial condition and development plans do not change as a result of unforeseen events, that the Company obtains required regulatory approvals, that the Company continues to maintain a good relationship with the local project communities. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company’s Management’s Discussion and Analysis reports filed under the Company’s profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
Neither the 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.