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October 18, 2011
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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
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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:
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Intercept
From To Length Au Au Ag Ag
Hole ID (meters) (meters) (metres) (g/t) (oz/t) (g/t) (oz/t)
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SC11-379 187.0 204.5 17.5 1.40 0.041 6.01 0.175
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SC11-384B 14.2 21.4 7.2 2.47 0.072 9.11 0.266
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SC11-386 111.5 116.6 5.1 8.11 0.237 44.33 1.294
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including 112.9 114.5 1.6 22.79 0.665 46.20 1.349
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162.9 165.6 2.7 2.79 0.081 4.69 0.137
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including 162.9 164.0 1.1 5.70 0.166 7.80 0.228
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SC11-391B 3.1 14.9 11.8 5.27 0.154 30.47 0.890
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including 3.1 6.1 3.0 6.69 0.195 29.40 0.858
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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 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.
About Jayden Resources
Jayden Resources is a Canadian exploration company with a National Instrument 43-101 compliant resource calculation on the Silver Coin gold/silver deposit located in the Stewart Camp, Northern B.C. that includes the historic Silbak-Premier Mine and Barrick Gold's famed Eskay Creek Mine.
Technical information in this press release was prepared and reviewed by Lawrence Dick, Ph.D., P.Geo., recognized as a Qualified Person under the guidelines of National Instrument 43-101. Drill intersections were calculated using a cut-off of 0.30 g/t Au, and are reported as drilled thicknesses. Work to determine true thicknesses of mineralization is ongoing. Individual samples below the stated cut-off grade of 0.30 g/t Au 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 (1 assay ton) charge with an AA finish, or if over 10.0 g/t were re-assayed and completed with a gravimetric finish. For these over-limit samples, the gravimetric data were utilized in calculating gold intersections. QA/QC 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.
On Behalf of the Board:
David Eaton, Chief Executive Officer
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the continued advancement of the company's general business development, research development and the Company's development of mineral exploration projects. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Jayden Resources Inc. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
The Toronto Stock Exchange has not yet reviewed and does not take responsibility for the adequacy of the content of this news release.
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