Jayden Resources Intersects 55m Grading 8.42 g/t Gold Including 7m Grading 32.89 g/t at Silver Coin
Vancouver, B.C., October 14, 2010; Jayden Resources Inc., ("Jayden" or "the Company") (TSX-V:JDN) announces that assays from drill hole SC10-311 returned 55 metres averaging 8.42 grams per tonne (0.246 oz/ton) gold and 12.53 grams per tonne (0.366 oz/ton) silver, including 7.0 meters of 32.89 grams per tonne (0.960 oz/ton) gold.
Assay Highlights
| Hole ID | From (metres) | To (metres) | Intercept Length (metres) | Au (g/t) | Au (oz/t) | Ag (g/t) | Ag (oz/t) | Zn (ppm) |
|---|---|---|---|---|---|---|---|---|
| SC10-311 | 73.0 | 128.0 | 55.0 | 8.42 | 0.246 | 12.53 | 0.366 | 3967 |
| including | 76.0 | 83.0 | 7.0 | 32.89 | 0.960 | 45.36 | 1.32 | 11224 |
| including | 99.0 | 103.0 | 4.0 | 18.21 | 0.532 | 22.40 | 0.653 | 7498 |
| including | 110.0 | 116.0 | 6.0 | 11.64 | 0.340 | 10.40 | 0.304 | 4568 |
Drilling Program
The Company has completed 18 holes totalling 2697 metres to date as part of the planned 2010 program, which has addressed two key objectives:
- Infill holes to aid in ongoing resource studies and confirmation of the grade and continuity of the mineralization
- Step-out holes to explore for continuation of the mineralization to the north
"This drill program is designed largely to confirm previous results obtained from more than 700 drill holes. The results from this hole enhance our confidence in the grade and continuity of this substantial deposit at Silver Coin," 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., and Certified Professional Geologist as recognized by the American Institute of Professional Geologists (AIPG), 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 are 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 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. Although Pinnacle Mines Ltd. 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.