(TheNewswire)
Vancouver, B.C. / TheNewswire / November 28, 2017 - Jayden Resources Inc. (JDN : TSXV) (the “Company”) is pleased to announce that the Company has received assays on an additional 6 holes from the 2017 drill program at its Silver Coin project in northwestern British Columbia. Results indicate a new significant high-grade gold discovery zone in an unexplored area located 550 metres to the northeast of the main Silver Coin deposit.
Drill Hole SC17-452, recently completed in this untested area intersected a new gold-bearing zone grading 8.63 g/t Au over 7.7 metres, from 16.5 to 24.2 metres, including several higher-grade intervals up to 37.1 g/t Au. This gold bearing structure is hosted in andesite and is characterized by a quartz-sericite-chlorite altered breccia zone exhibiting quartz stringers with visible gold grains, 5-6% sphalerite, up to 1% galena and 7-8% pyrite mineralization. Further down this drill hole, additional zones of siliceous breccia returned 6.5 g/t Au over 1.5 metres between 77.82 and 79.32 metres and 8.25 g/t Au over 1.0 metre between 88.97 and 89.97 metres.
The hole was drilled to test for shallow dipping gold-bearing breccias east of the flagship Silver Coin deposit. Six holes were drilled from three separate pads spaced approximately 100-150 metres apart along strike of a favorable lithological unit with assays for the remaining four holes still pending.
Results from drilling within the NW Extension area of Silver Coin’s main breccia zone continue to support a high success ratio with almost all holes encountering significant mineralization, resulting in extensions of known zones beyond historical limits.
New Drilling Highlights are as follows:
-SC17-444: Intersected continuity of main breccia zone at depth to the north-northwest.
-SC17-445: Intersected a new modest gold zone at surface approximately 70 metres to the NE of the main breccia body and a broad continuation of the main zone at depth.
-SC17-446: Intersected a northerly extension of the main zone at depth.
-SC17-448: Drilled to test the westerly extension of the main breccia body, this hole intersected modest gold grades.
-SC17-452: Intersected a new high-grade sub-surface gold zone 550 metres to the northeast of the current Silver Coin resource area suggesting a shallow dipping mineralized breccia package.
-The 2017 drill program is now complete with 14 drill holes totalling 7300 feet. The Company has logged and sampled all holes. Holes SC17-447 and SC17-449 were lost due to poor ground conditions and Hole SC17-450 reported no significant results. Assays are still pending for 4 drill holes.
---------------------------------------------------------------- |Hole # | |From |To |Width|Au |Ag |Au |Ag | | | |(m) |(m) |(m) |(g/t)|(g/t) |(oz/t)|(oz/t)| |--------------------------------------------------------------| |SC17-444 | |94.03 |96.03 |2.00 |8.08 |4.70 |0.24 |0.14 | |--------------------------------------------------------------| | |Incl.|94.03 |95.03 |1.00 |13.70|5.91 |0.40 |0.17 | |--------------------------------------------------------------| | | | | | | | | | | |--------------------------------------------------------------| | SC17-445| |35.00 |38.00 |3.00 |5.12 |91.30 |0.15 |2.66 | |--------------------------------------------------------------| | | | | | | | | | | |--------------------------------------------------------------| | | |146.20|153.50|7.30 |5.38 |17.07 |0.16 |0.50 | |--------------------------------------------------------------| | |Incl.|148.13|153.50|5.37 |6.21 |12.06 |0.18 |0.35 | |--------------------------------------------------------------| | |Incl.|148.13|150.41|2.28 |10.00|17.46 |0.29 |0.51 | |--------------------------------------------------------------| | |Incl.|148.13|148.63|0.50 |11.40|23.90 |0.33 |0.70 | |--------------------------------------------------------------| | |Incl.|149.41|150.41|1.00 |15.50|17.10 |0.45 |0.50 | |--------------------------------------------------------------| | |Incl.|153.00|153.50|0.50 |10.70|18.00 |0.31 |0.53 | |--------------------------------------------------------------| | | | | | | | | | | |--------------------------------------------------------------| |SC17-446 | |103.60|105.40|1.80 |5.90 |45.32 |0.17 |1.32 | |--------------------------------------------------------------| | |Incl.|104.60|105.40|0.80 |8.62 |42.60 |0.25 |1.24 | |--------------------------------------------------------------| | | | | | | | | | | |--------------------------------------------------------------| | | |131.20|132.20|1.00 |14.60|52.50 |0.43 |1.53 | |--------------------------------------------------------------| | | | | | | | | | | |--------------------------------------------------------------| |SC17-448 | |46.00 |48.00 |2.00 |3.17 |8.58 |0.09 |0.25 | |--------------------------------------------------------------| | | | | | | | | | | |--------------------------------------------------------------| |SC17-452 | |16.46 |24.18 |7.72 |8.63 |11.99 |0.25 | 0.35 | |--------------------------------------------------------------| | |Incl.|19.98 |23.18 |3.20 |17.69| 23.00|0.52 |0 .67 | |--------------------------------------------------------------| | |Incl.|20.98 |23.18 |2.20 |22.88| 23.27|0.67 |0.68 | |--------------------------------------------------------------| | |Incl.|20.98 |21.48 |0.50 |23.50|25.20 |0.69 |0.74 | |--------------------------------------------------------------| | |Incl.|21.48 |21.98 |0.50 |37.10|19.80 |1.08 |0.58 | |--------------------------------------------------------------| | |Incl.|21.98 |22.68 |0.70 |21.70|31.50 |0.63 |0.92 | |--------------------------------------------------------------| | |Incl.|22.68 |23.18 |0.50 |9.69 |13.30 |0.28 |0.39 | |--------------------------------------------------------------| | | | | | | | | | | |--------------------------------------------------------------| | | |77.82 |80.32 |2.50 |4.86 |5.68 |0.14 |0.17 | |--------------------------------------------------------------| | |Incl.|77.82 |79.32 |1.50 |6.46 |6.22 |0.19 |0.18 | |--------------------------------------------------------------| | |Incl.|77.82 |78.32 |0.50 |11.6 |9.39 |0.34 |0.27 | |--------------------------------------------------------------| | | | | | | | | | | |--------------------------------------------------------------| | | |88.97 |89.97 |1.0 |8.25 |AP |0.24 |AP | ----------------------------------------------------------------Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled widths. Core axis angles of the intersection contacts and surrounding rock units average 40 to 70 degrees. Some assay results for silver grades on Hole SC17-452 are still pending and will be reported in the Company’s next release.
A plan map outlining the 2017 target areas and drill sections associated with this news release can be viewed at the following link: http://www.jaydenresources.com/silver-coin/plan-view-and-cross-section.pdf
Sprott Mining Inc. ("Sprott Mining") is acting as operator for the program.
Sprott Mining is a private company focused on acquiring, building and managing a diversified portfolio of producing mining assets in North America. The senior management team has significant transaction, finance and operating experience and is dedicated to finding and investing in exceptional mining projects. Go to www.sprottmining.com for more information.
Silver Coin
The 1,470 hectare Silver Coin gold project features a zone of faulting and brecciation with accompanying mineralization up to 300 meters wide that has been traced for 2.5 kilometers. Significant exploration potential remains to the north, northwest and south of the existing resource at Silver Coin, and will be tested in this year’s drilling.
The total inferred mineral resource estimate for high-grade core at Silver Coin already consists of 967,000 tonnes grading 4.39 g/t Au, 18.98 g/t Ag (Au equivalent of Ag – 4.64 g/t), 0.64% Zn, 0.25% Pb, and 0.04% Cu [calculated in accordance with National Instrument 43-101 standards, at a 2 g/t Au cut-off by Mining Plus Canada - August, 2013].
Mineralization is characterized as epithermal to mesothermal gold-silver with sulfide-bearing breccias and veins similar to those mined at the Silbak-Premier Mine, located just 4 kilometers to the south. Over its mine life, the Silbak-Premier Mine produced 4.7 million tonnes yielding approximately 2 million ounces gold, 43 million ounces silver, 4 million pounds copper, 55 million pounds lead and 20 million pounds zinc.
Qualified Person
Technical information in this press release was prepared and reviewed by Nathan Tribble, P.Geo., recognized as a Qualified Person under the guidelines of National Instrument 43-101.
QA/QC
Drill core is split, with half sent for assay at Activation Laboratories Ltd. located in Kamloops, BC. The other half is secured and retained on site. A program of blank and standard insertion into the sample stream is also conducted. The samples are processed using fire assay with an AA finish. Gravimetrics are performed on samples with assays of 10 g/t or higher.
Additional information, including the Company’s NI 43-101 Technical Reports for the Silver Coin gold project, is available at www.jaydenresources.com and at www.sedar.com.
For further information about Jayden and this news release contact Mike Thast at 604-688-9588, or email info@jaydenresources.com.
On Behalf of the Board:
"David
Eaton"
President & 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.
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