Jayden Resources Announces More High-Grade Results from Silver Coin: 25.24 g/t Gold over 8.0 m including 99.99 g/t over 2.0 m in Hole SC11-361, and 5.79 g/t Gold over 27.0 m in Hole SC11-363
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Press Release Source: Jayden Resources Inc. On Tuesday August 23, 2011, 8:00 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire -08/23/11)- Jayden Resources Inc., ("Jayden" or "the Company") (TSX: JDN.TO - News) is pleased to announce assay results from 10 new holes from the planned 15,000 meter drilling program at Silver Coin. These new results have the potential to make a meaningful contribution to the next resource estimate and further demonstrate the significance of the high-grade gold component of the Silver Coin deposit. Assay highlights from the new holes are shown below:
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Intercept
From To Length Au Au Ag Ag
Hole ID (meters) (meters) (metres) (g/t) (oz/t) (g/t) (oz/t)
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SC11-353 171.1 174.1 3.0 18.70 0.546 11.77 0.344
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SC11-356 153.2 160.0 6.8 2.29 0.067 6.98 0.204
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including 157.6 159.1 1.5 5.67 0.166 16.10 0.470
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185.9 192.3 6.4 3.70 0.108 10.90 0.318
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including 185.9 187.5 1.6 12.76 0.373 30.20 0.882
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SC11-357 91.5 94.5 3.0 24.96 0.729 14.65 0.428
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including 93.0 94.5 1.5 48.30 1.410 26.10 0.762
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184.0 200.6 16.6 3.25 0.095 10.82 0.316
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including 187.0 188.5 1.5 16.20 0.473 7.60 0.222
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SC11-359 112.7 122.0 9.3 2.60 0.076 10.37 0.303
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including 121.0 122.0 1.0 10.60 0.310 29.50 0.861
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SC11-360 14.2 24.3 10.1 2.15 0.063 7.41 0.216
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including 19.0 20.4 1.4 7.00 0.204 14.50 0.423
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SC11-361 58.0 66.0 8.0 25.24 0.737 34.73 1.014
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including 58.0 60.0 2.0 99.99 2.920 123.06 3.593
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SC11-363 128.0 155.0 27.0 5.79 0.169 14.02 0.409
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including 129.5 132.7 3.2 12.48 0.364 20.09 0.587
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137.0 140.0 3.0 22.23 0.649 29.03 0.848
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147.0 148.5 1.5 9.64 0.281 10.90 0.318
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156.4 170.8 14.4 1.65 0.048 5.87 0.171
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including 160.9 161.9 1.0 7.94 0.232 7.70 0.225
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173.5 191.0 17.5 1.75 0.051 4.80 0.140
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including 180.0 181.5 1.5 9.89 0.289 8.20 0.239
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For a map showing the location of the drill holes, and a table of all 2011 assay results please go to:
us.lrd.yahoo.com**http%3A//www.jaydenresources.com/silver-coin/silver-coin-project-drilling-2011.html
Jayden's President, Bob Felder commented, "We are very pleased to receive these strong results from our infill drilling program, as we continue to work towards understanding the geologic controls on these high-grade zones and integrating that into our next resource estimate. Our near term goal is to advance Silver Coin to prefeasibility, and that work is progressing well."
About Jayden Resources
Jayden Resources is a Canadian exploration company with a 43-101 compliant resource at the Silver Coin gold/silver deposit in the Stewart Camp, Northern B.C., that includes the historic Silbak-Premier Mine and Barrick Gold's famed Eskay Creek Mine. Excellent exploration potential remains to the north, north-west and south of the existing resource at Silver Coin, and will be tested in this year's drilling.
Technical information in this press release was prepared and reviewed by Lawrence Dick, Ph.D., P.Geo., recognized as a Qualified Person under the guidelines of National Instrument 43-101. Drill intersections were calculated using a cutoff of 0.30 g/t Au, and are reported as drilled thicknesses. Work to determine true thicknesses of mineralization is ongoing. Individual samples below the stated cutoff grade of 0.30 g/t Au are occasionally included in the calculated drill intersections, but only to the extent that the average grade in any two adjacent samples remains above the cutoff. Drill samples were assayed by Inspectorate Exploration and Mining Services Ltd. (ISO9001:2008) in Richmond, B.C. for gold by fire assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 10.0 g/t were re-assayed and completed with a gravimetric finish. For these over-limit samples, the gravimetric data were utilized in calculating gold intersections. QA/QC included the insertion and continual monitoring of numerous standards and blanks into the sample stream. Samples were also analyzed for a 30-element geochemical suite using ICP-MS. For further information about Jayden visit Jayden's website at www.jaydenresources.com.
On Behalf of the Board:
David Eaton, Chief Executive Officer
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of Jayden Resources Inc. in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the continued advancement of the company's general business development, research development and the Company's development of mineral exploration projects. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Jayden Resources Inc. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
The Toronto Stock Exchange has not yet reviewed and does not take responsibility for the adequacy of the content of this news release.
Contact:
Contacts:
Jayden Resources Inc.
Mike Thast
604-688-9588
(778) 329-9361 (FAX)
www.jaydenresources.com
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