SILVER COIN. A ‘Stupendous Result’ at Silver Coin Extends
an Already Significant Gold and Silver Resource
Bob Felder became President of Jayden Resources Inc only last month, but he already has a vision for the company. Or perhaps it would be better to say he knows what it will not do: “It unfortunately happens in some junior companies that they drill, drill, drill and don’t spend the time figuring out what they’ve got.”
Felder knows what he’s got today at Jayden’sflagship Silver Coin project near Stewart, BC: according to a September NI 43-101 report, measured and indicated resources of 27,163,600 tonnes grading 0.96 g/t for a total of 835,700 ounces gold and 5,218,900 ounces silver and an inferred resource of 29,653,200 tonnes grading 0.69 g/t for a total of 655,200 ounces gold and 5,723,000 ounces silver. (Silver Coin is 70% owned by Jayden with an option to increase that to 80%; the remainder is owned by Mountain Boy Minerals Ltd.)
And this resource estimate was compiled before what Felder calls a “stupendous result” released October 14: 8.42 g/t gold over 55 metres, including 32.89 g/t over 7 metres, 18.21 g/t over 4 metres and 11.64 g/t over 6 metres.
But Felder is a veteran—the geologist started with copper giant Anaconda and was most recently US exploration manager for Fronteer —and he is determined to get to know Silver Coin better. He says of the project, “It has been around a long time, and it’s not well understood today. It has been passed between junior companies, and nobody’s really done it right. The better you understand what you have, the better you are at making it bigger and better. I bring a lot of experience on the technical side, as well as talking to the market, so I think I’m a pretty good fit.”