Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Jayden Resources Inc V.JDN

Alternate Symbol(s):  JDNRF

Jayden Resources Inc. is a mining exploration company focused on the discovery of precious metals assets located primarily in Canada. The Company has a 100% interest in the Storm Lake Gold Property located in the Frotet-Evans Greenstone Belt in central Quebec. Its Storm Lake Gold Property consists of over 48 contiguous claims that cover a gross area of approximately 2,610 hectares and is located in the middle of the Frotet-Evans Greenstone Belt which also hosts the former Troilus Mine. The Company also has a 100% interest in the Wheatcroft Project, located in the Kisseynew Domain in Northwestern Manitoba. The Wheatcroft project covers approximately 97,501 hectares and 35 kilometers (km) of strike length along the Northern margin of the Kisseynew Gneiss Belt (KGB) in Northern Manitoba.


TSXV:JDN - Post by User

Post by Kicker99on Dec 09, 2020 10:29am
222 Views
Post# 32066794

Great results

Great resultsVancouver, B.C. -TheNewswire -December 9, 2020 - Jayden Resources Inc. ("Jayden" or the Company")(TSXV:JDN)is pleased to announce that Teuton Resources Corp. (Teuton) (TSXV:TUO) has discovered a new zone of mineralization on its Harry property averaging 7.86 ounces/ton gold (269.5 g/t) across a 2 metre width (see Teuton news release dated December 9, 2020).The full width of the zone has not been defined due to overburden cover. The new showing, called the Milestone, was found du ring prospecting by Teuton geologists and occurs in virgin ground exposed in recent years by retreating ice. Locally, a 300m wide zone with gossanous outcrops interspersed with glacial till features intense quartz-sericite-pyrite alteration. The main showing contains coarse dendrites of visible gold within a milky quartz vein breccia. Many of the surrounding outcrops have small veins carrying pyrite and galena (lead sulfide). During the 2020 assessment program on Harry carried out by Teuton, a modest number of grab and chip samples were taken during prospecting traverses of the northern portion of the Harry property. A grab sample from the Milestone showing ran 45.3 ounces/ton gold (1,553 g/t) and 18.7 ounce/ton silver (642 g/t). The showing consists of a 2m wide quartz vein breccia trending 310 degrees. The second of two, 1m sub-samples taken across the zone (050 degrees) was the richest: it ran 15.7 ounce/ton gold ( 538 g/t). Other samples taken in the surrounding gossans, mostly grabs, returned values between trace gold and a high of 0.63 ounce/ton gold (21.6 g/t gold). Jayden has received conditional acceptance from the TSX Venture Exchange for the acquisition of the Harry property (the Property) from Teuton (see Jayden news release dated November 5, 2020). Pursuant to the terms of the option agreement entered into between the Company and Teuton, the Company may acquire a 55% interest in the Property by making aggregate cash payments totaling $180,000 ($25,000 in the first year) and incurring $2,000,000 ($100,000 in the first year) in exploration expenditures over the course of 5 years. An additional 20% interest in the Property can be acquired by Jayden taking the Property into commercial production on or before the 15thanniversary date. Teuton will retain a 2% net smelter royalty on the Property. Final acceptance of the acquisition is subject to the Company meeting certain filing requirements with the Exchange including but not limited to providing an updated NI43-101 Report on the Property which has been submitted. Technical information in this press release was reviewed by Ed Kruchkowski, P.Geo., recognized as a Qualified Person under the guidelines of National Instrument 43-101. For further information about the Company or this news release emailinfo@jaydenresources.com, or call Mike Thast at 604-688-9588 or visit our website atwww.jaydenresources.com. On Behalf of the Board: "David Eaton" President & CEO 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.
<< Previous
Bullboard Posts
Next >>