Drill Program Commences to Expand Resource at Silver Coin Gold Project, NW, BC

Tickers: XTSE:PNMLF, XTSX:JDN
Tags: Mining

Vancouver, B.C. / TheNewswire / September 12, 2017 – Jayden Resources Inc. (JDN: TSXV) (the "Company") is pleased to announce that the Company has obtained the requisite permits and the 2017 surface drilling program at its Silver Coin project in northwestern British Columbia has commenced. Silver Coin is an advanced stage gold-silver property located about 25 kilometers north of Stewart within the Golden Triangle in northwestern British Columbia.

The Company has secured a drilling contract, prepared the camp and has mobilized a drill to the site along with the geological team. The 2017 program will consist of approximately 6,000 feet of drilling and will focus on extending and upgrading lenses of known high grade gold mineralization within the Main Breccia Zone to the northwest as well as testing additional targets along strike to the south and potential sub-parallel zone to the east. The total inferred mineral resource estimate for high-grade core at Silver Coin already consists of 967,000 tonnes grading 4.39 g/t Au, 18.98 g/t Ag (Au equivalent of Ag – 4.64 g/t), 0.64% Zn, 0.25% Pb, and 0.04% Cu [calculated in accordance with National Instrument 43-101 standards, at a 2 g/t Au cut-off by Mining Plus Canada – August, 2013].

2017 Drilling Objectives are as follows:

  • – Drill step-out holes to the north-northwest of existing resource to test for continuity and extensions of the gold mineralization.

    – Drill a panel of holes within the southeastern portion of the Main Breccia Zone to test for possible southern extensions of high grade gold mineralization. [Note: the southernmost hole from the 2010 drilling campaign, hole SC10-311, intersected 55m grading 8.42 g/t Au as reported in the Company’s news release dated October 14, 2010.]

    – Test strike and depth extension of the Terminus showing located 500 metres east of the Main Breccia Zone where Trench ‘1a’ returned values of 8.4 g/t Au and 23.9 g/t Ag over 12.1 metres as reported in Company’s news release dated February 22, 2005.

In conjunction with the 2017 drilling campaign, crews are conducting regional exploration work to define additional drill targets out of the current area of focus.

Sprott Mining Inc. ("Sprott Mining") will be acting as operator for the program.

Sprott Mining is a private company focused on acquiring, building and managing a diversified portfolio of producing mining assets in North America. The senior management team has significant transaction, finance and operating experience and is dedicated to finding and investing in exceptional mining projects. Go to www.sprottmining.com for more information.

Silver Coin

The 1,470 hectare Silver Coin gold project features a zone of faulting and brecciation with accompanying mineralization up to 300 meters wide that has been traced for 2.5 kilometers. Significant exploration potential remains to the north, northwest and south of the existing resource at Silver Coin, and will be tested in this year’s drilling.

Mineralization is characterized as epithermal to mesothermal gold-silver with sulfide-bearing breccias and veins similar to those mined at Silbak-Premier Mine, located just 4 kilometers to the south. Over its mine life, the Silbak-Premier Mine produced 4.7 million tonnes yielding approximately 2 million ounces gold, 43 million ounces silver, 4 million pounds copper, 55 million pounds lead and 20 million pounds zinc.

Qualified Person

Technical information in this press release was prepared and reviewed by Nathan Tribble, P.Geo., recognized as a Qualified Person under the guidelines of National Instrument 43-101.

QA/QC

Drill core is split, with half sent for assay at Activation Laboratories Ltd. located in Kamloops, BC. The other half is secured and retained on site. A program of blank and standard insertion into the sample stream is also conducted. The samples are processed using fire assay with an AA finish. Gravimetrics are performed on samples with assays of 10 g/t or higher.

Additional information, including the Company’s NI 43-101 Technical Reports for the Silver Coin gold project, is available at www.jaydenresources.com and at www.sedar.com.

For further information about Jayden and this news release contact Mike Thast at 604-688-9588, or email info@jaydenresources.com.

On Behalf of the Board:

"David Eaton"
President & Chief Executive Officer

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.

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. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

Copyright (c) 2017 TheNewswire – All rights reserved.

TheNewswire.com – RSS (all)