Jayden Resources Reports 10.0 g/t Gold over 37.5m, Including 39.4 g/t over 7.5 m at Silver Coin
Vancouver, B.C., November 29, 2010; Jayden Resources Inc., ("Jayden" or "the Company") (TSX-V:JDN) announces that additional results from the 2010 confirmation drilling program continue to encounter gold mineralization exceeding the average grade of the current NI43-101 resource, demonstrating the presence of a significant high grade component to the Silver Coin deposit. Highlights of the new results include:
| Hole ID | From (metres) | To (metres) | Intercept Length (metres) | Au (g/t) | Au (oz/t) | Ag (g/t) | Ag (oz/t) | Zn (%) |
|---|---|---|---|---|---|---|---|---|
| SC10-314B | 193.5 | 196.5 | 3.0 | 1.10 | 0.032 | 3.05 | 0.09 | 0.30 |
| SC10-317 | 1.0 | 85.5 | 84.5 | 1.95 | 0.057 | 8.20 | 0.24 | 0.40 |
| including | 1.0 | 15.0 | 14.0 | 5.89 | 0.172 | 22.26 | 0.65 | 1.30 |
| including | 3.0 | 6.0 | 3.0 | 14.49 | 0.423 | 45.40 | 1.33 | 3.45 |
| SC10-318 | 129.5 | 135.5 | 6.0 | 1.59 | 0.046 | 3.48 | 0.10 | 0.02 |
| SC10-319 | 110.0 | 157.9 | 47.9 | 7.99 | 0.233 | 8.20 | 0.24 | 0.11 |
| including | 116.0 | 153.5 | 37.5 | 10.00 | 0.292 | 9.71 | 0.28 | 0.12 |
| including | 144.5 | 152.0 | 7.5 | 39.41 | 1.15 | 30.94 | 0.90 | 0.21 |
Reportable intercepts defined as greater than 3.0m @ 0.30 g/t Au. Highlights limited to intervals exceeding 1.0 g/t Au. Hole SC10-314 was lost above the area of interest and re-drilled as hole SC10-314B. Hole SC10-323 had no reportable intercepts.
These new results are a part of the infill program from the 2010 drilling program, which was intended to provide confirmation of grade and continuity for ongoing resource studies and to begin developing an understanding of the distribution and geometry of the high grade zones. For a drill hole location map and a complete tabulation of the 2010 drill results, please click:
http://www.jaydenresources.com/silver-coin/silver-coin-project-drilling-2010.html
The 2010 drilling program consisted of 18 holes totalling approximately 2800 metres. To date, assays for 11 holes have been released and the Company expects to release results of the remaining 7 holes in the near future. The remaining holes are mostly step-out drill holes exploring for mineralization to the north of the current resource area.
"We are very encouraged by the positive results we continue to receive from our 2010 program, and are moving quickly into the planning stages for a significant 2011 development drilling program” comments CEO, David Eaton.
About Jayden Resources
Jayden Resources is a Canadian exploration company with a 43-101 compliant resource-stage project, the Silver Coin gold/silver deposit in the Stewart Camp, Northern BC 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.
Technical information in this press release was prepared and reviewed by Robert Perry, M.Sc., a Certified Professional Geologist as recognized by the American Institute of Professional Geologists (AIPG) and also recognized as a Qualified Person under the guidelines of National Instrument 43-101. Drill intersections were calculated using a cutoff 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 cutoff 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 cutoff. 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 32-element geochemical suite using ICP-MS.
For further information about Jayden and this news release contact Mike Thast at 604-688-9588 or visit Jayden's website at www.jaydenresources.com.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.