(4)
October 18, 2011 10:44 am
October 18, 2011 09:32 ET
Jayden Reports 5.27 g/t Gold Over 11.8 Meters and 8.11 g/t Gold Over 5.1 Meters, Including 22.79 g/t Over 1.6 Meters in Hole SC11-386
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2011) - Jayden Resources Inc. ("Jayden" or the "Company") (TSX:JDN) is pleased to announce new assay results from the development drilling program at its Silver Coin Gold Project near Stewart, BC. Highlights from the new holes are shown in the following table:"Results from the 2011 drill program continue to demonstrate a number of structural zones with medium to high-grade intersections that form the center of the deposit," states Bob Perry, VP of Exploration and Development for Jayden. "The new holes drilled during the 2011 season should go a long way to upgrading inferred ounces to the measured and indicated resources already proven at Silver Coin."
Prior to the 2011 drill program, an independent technical report and resource calculation prepared by Minarco MineConsult in April 2011, showed that at a 0.3 cut-off Silver Coin contained a 24.1M ton Measured and Indicated Resource (M&I) of 842,216 ounces gold grading 1.08 g/t, 4,456,186 ounces silver grading 5.74 g/t and 91,174,018 pounds of 0.17% zinc. Additionally, the report showed that the project held a 32.4M ton Inferred Resource of 813,273 ounces gold grading 0.78 g/t, 6,691,185 ounces silver grading 6.41 g/t and 128,006,920 pounds of 0.18% zinc. The intent of this years' drill program is to increase the M&I resource while expanding the Inferred category.
For a map showing the location of drill holes and a table of all 2011 assay results released to date please go to http://www.jaydenresources.com/silver-coin/silver-coin-project-drilling-2011.html