Mr. David Eaton reports
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
Jayden Resources Inc. has released new assay results from the development drilling program at its Silver Coin gold project near Stewart, B.C. Highlights from the new holes are shown in the accompanying table.
From To Length Au Au Ag Ag
Hole ID (m) (m) (m) (g/t) (oz/t) (g/t) (oz/t)
SC11-379 187.0 204.5 17.5 1.40 0.041 6.01 0.175
SC11-384B 14.2 21.4 7.2 2.47 0.072 9.11 0.266
SC11-386 111.5 116.6 5.1 8.11 0.237 44.33 1.294
Including 112.9 114.5 1.6 22.79 0.665 46.20 1.349
162.9 165.6 2.7 2.79 0.081 4.69 0.137
Including 162.9 164.0 1.1 5.70 0.166 7.80 0.228
SC11-391B 3.1 14.9 11.8 5.27 0.154 30.47 0.890
Including 3.1 6.1 3.0 6.69 0.195 29.40 0.858
SC11-394 47.9 54.0 6.1 1.42 0.041 6.78 0.198
"Results from the 2011 drill program continue to demonstrate a number of structural zones with medium- to high-grade intersections that form the centre of the deposit," stated Bob Perry, vice-president 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-gram-per-tonne cut-off, Silver Coin contained a 24.1-million-ton measured and indicated resource (M&I) of 842,216 ounces of gold grading 1.08 g/t, 4,456,186 ounces of silver grading 5.74 g/t and 91,174,018 pounds of 0.17 per cent zinc. Additionally, the report showed that the project held a 32.4-million-ton inferred resource of 813,273 ounces of gold grading 0.78 g/t, 6,691,185 ounces of silver grading 6.41 g/t and 128,006,920 pounds of 0.18 per cent zinc. The intent of this year's 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 the company's website.
Technical information in this press release was prepared and reviewed by Lawrence Dick, PhD, PGeo, recognized as a qualified person under the guidelines of National Instrument 43-101. Drill intersections were calculated using a cut-off of 0.3 g/t gold, and are reported as drilled thicknesses. Work to determine true thicknesses of mineralization is continuing. Individual samples below the stated cut-off grade of 0.30 g/t gold are occasionally included in the calculated drill intersections, but only to the extent that the average grade in any two adjacent samples remains above the cut-off. Drill samples were assayed by Inspectorate Exploration and Mining Services Ltd. (ISO9001:2008) in Richmond, B.C., for gold by fire assay of a 30-gram (one assay ton) charge with an AA finish, or, if over 10 g/t, were reassayed and completed with a gravimetric finish. For these overlimit samples, the gravimetric data were used in calculating gold intersections. Quality assurance/quality control included the insertion and continual monitoring of numerous standards and blanks into the sample stream. Samples were also analyzed for a 30-element geochemical suite using ICP-MS.
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