Business
Jayden Resources Now Trading on TSX-V under Symbol JDN; Drilling Planned for this Summer
Jayden Resources Now Trading on TSX-V under Symbol JDN; Drilling Planned for this Summer
About this update from Barrick Mining Corporation
[{"type":"text","content":"\nJayden Resources Now Trading on TSX-V under Symbol JDN; Drilling Planned for this Summer\n\n\n Jul. 19, 2010 (TheNewswire.ca) -- Vancouver, B.C., July 19, 2010; Jayden Resources (OOTC:PNMLF) (TSXV:JDN) Inc., formerly Pinnacle Mines (JDN:TSX-V)(\"Jayden\" or the \"Company\") announces that the common shares of Jayden Resources Inc., formerly Pinnacle Mines, now trade on the TSX Venture Exchange under the new symbol \"JDN\".Jayden's flagship property, Silver Coin, is an NI 43-101 advanced-stage gold/silver deposit located in an emerging major metals district - the Stewart Camp, northern BC that includes the historic Silbak-Premier Mine, the Granduc Mine and Barrick Gold's (NYSE:ABX) (TSX:ABX) famed Eskay Creek Mine. In addition to the defined resource at Silver Coin, the property has strong exploration potential to the north, north-west and to the south of the existing resource.\"With a 43-101 gold/silver resource in a recognized gold/silver camp and potential to expand this resource through exploration, Jayden is well positioned to present itself to the market. We are well financed with a strong shareholder base and an experienced Management and Board\" comments Jayden CEO, David Eaton.\"We are now set up to significantly advance the Company on various fronts - exploration, permitting, M&A, and marketing.\"Drilling PlansThe Company plans to drill 15-20 holes on the property totalling approximately 3000m to address three important issues for future development:-Step-out holes to explore for continuation of the mineralization to the north-In-fill holes to aid in ongoing resource studies and confirmation of the grade and continuity of the mineralization-Several holes to collect structural data for pit-slope stability studies in support of ongoing mine modelingThe work will begin pending receipt of permits and mobilization of the drill equipment.Environmental StudiesIn 2009, Jayden contracted with Terrace, BC based Cambria Gordon to initiate baseline environmental studies at Silver Coin. Cambria Gordon's report collected the first year's water chemistry data for the property as part of a multi-year study to define the baseline water chemistry and determined the following:-No threatened or endangered species of plants or animals were found-No fish were found in No Name Lake (a potential site for tailing disposal)In 2010 Jayden contr...