Jiulian Resources Provides Exploration Update
Vancouver, British Columbia, Canada – April 18, 2012
Jiulian Resources Inc. (“Jiulian” or the “Company”) (TSX-V: JLR) is pleased to provide an update on exploration activity conducted on the Big Kidd Property in the Nicola Mining Division, British Columbia. Xstrata Canada Corp. (“Xstrata”), the optionee of the Property has conducted the work described below. Company President X. Charlie Cheng, reports the following:
“We are very impressed by the style, scale and speed of Xstrata’s exploration at the Big Kidd property which Jiulian optioned to Xstrata last October. Xstrata’s technical team has been conducting exploration work in a very professional and efficient manner. The Company is looking forward to more progress in the aggressive exploration taking place at the Big Kidd property.”
Exploration Activity in 2011
Subsequent to Optioning the Property in October 2011, Xstrata field teams completed Mobile Metal Ion (“MMI”) geochemical sampling, conventional B-Horizon (“B-Horizon”) geochemical sampling, and Induced Polarization (“IP”) surveying before the end of the year. Xstrata also initiated a re-evaluation of historical drill core from the Big Kidd project. Specific work completed is as follows:
- 738 MMI samples and 738 B-Horizon samples were collected at 100m spaced intervals along 400m spaced grid lines, covering the entirety of the Property
- 38.2 line kilometers of 50m pole-dipole IP readings
Exploration Activity in 2012
In early 2012, the Xstrata team returned to the Property and completed additional IP surveying as follows:
50.7 line kilometers of 100m pole-dipole IP readings
Completion of the latest IP survey provides near total IP coverage of the Big Kidd Property, at 400m spaced line intervals.
Pending further analysis and follow-up of targets identified during the soil geochemical and IP surveys, Xstrata is considering a diamond drilling program at Big Kidd in 2012, and has submitted an application for a Multi-Year Area Based (“MYAB”) diamond drilling permit at Big Kidd which is currently pending regulatory approval. Jiulian Resources Inc. Page 2 of 2
Charlie Cheng says “The pace and scope of this work clearly demonstrates Xstrata’s strong commitment to making a significant Cu-Au discovery at Big Kidd, and we look forward to more progress in 2012.”
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 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: email@example.com.
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.