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August 09, 2011 08:51 am
Jayden Resources Inc.: Silver Coin Continues to Produce Strong Results; 3.90 g/t Gold Over 13.0 Meters Including 43.8 g/t Over 0.5 Meters in Hole SC11-351
VANCOUVER, BRITISH COLUMBIA, Aug 09, 2011 (MARKETWIRE via COMTEX News Network) --
Jayden Resources Inc. ("Jayden" or "the Company") (TSX: JDN) is pleased to announce assay results from an additional 5 holes from the planned 100 hole - 15,000 meter drilling program at Silver Coin. These results are from our infill drilling program which is designed to upgrade the resource from the inferred to measured and indicated categories, and to facilitate the building of a comprehensive geologic model for the deposit. Assay highlights from this new group of holes are shown below:
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Intercept
From To Length Au Au Ag Ag
Hole ID Target (meters) (meters) (metres) (g/t) (oz/t) (g/t) (oz/t)
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SC11-337 Infill 5.5 12.0 6.5 1.25 0.037 2.59 0.076
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SC11-351 Infill 93.5 150.2 56.7 1.48 0.043 4.71 0.138
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including 116.5 117.7 1.2 4.86 0.142 4.80 0.140
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189.7 202.7 13.0 3.90 0.114 3.76 0.110
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including 200.8 201.3 0.5 43.8 1.279 23.4 0.683
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SC11-355 Infill 66.0 67.5 1.5 6.50 0.190 9.40 0.274
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187.0 192.8 5.8 1.55 0.045 7.42 0.217
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SC11-358 Infill 91.5 117.0 25.5 1.85 0.054 3.38 0.099
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including 100.0 108.4 8.4 3.78 0.110 4.57 0.133
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133.0 161.4 28.4 1.25 0.037 4.76 0.139
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including 154.0 155.4 1.4 3.75 0.110 3.50 0.102
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SC11-358EX twin 133.0 162.9 29.9 1.16 0.034 1.70 0.050
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including 158.0 159.6 1.6 4.32 0.126 2.80 0.082
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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:
http://www.jaydenresources.com/silver-coin/silver-coin-project-drilling-2011.html
"We are very happy to continue seeing gold grades that are higher than the current average grade of the resource, and more of the previously recognized high-grade intervals. These new data contribute significantly to the advancement of the Silver Coin resource and the achievement of our goal to take the project to prefeasibility over the coming months," commented Jayden's President, Bob Felder.
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