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JAYDEN RECEIVES NEW 43 101 TECHNICAL REPORT UPDATING THE RESOURCE FOR THE SILVER COIN GOLD PROJECT AND ANNOUNCES THE 2010 DRILL PROGRAM IS UNDERWAY
JAYDEN RECEIVES NEW 43 101 TECHNICAL REPORT UPDATING THE RESOURCE FOR THE SILVER COIN GOLD PROJEC...
About this update from Jayden Resources Inc
[{"type":"text","content":"\nJAYDEN RECEIVES NEW 43 101 TECHNICAL REPORT UPDATING THE RESOURCE FOR THE SILVER COIN GOLD PROJECT AND ANNOUNCES THE 2010 DRILL PROGRAM IS UNDERWAY\n\n\n Sep. 16, 2010 (TheNewswire.ca) -- Vancouver, B.C., September 16, 2010; Jayden Resources Inc. (TSXV:JDN) (OOTC:PNMLF) , (\"Jayden\" or the \"Company\") announces that it has received a new NI 43-101 Technical Report (available on SEDAR) for its Silver Coin Gold Project located near the town of Stewart in NW British Columbia. The Company is also pleased to announce that earlier in the week, the Company received its permit and the 2010 drill program has commenced.The NI 43-101 compliant Technical Report was produced by the engineering firm Minarco MineConsult (\"Minarco\") based in Beijing China and includes an updated resource estimation based on recent revisions to the Company's master drill hole database and a recommended work program.During the summer of 2010, the Company's new management completed an exhaustive review to verify and validate the existing digital database. The Company also developed a structural geologic model for the deposit to improve its geologic understanding of the deposit and to enhance the accuracy of future resource estimation. Importantly, the Company discovered geological logs and assay certificates for a significant number of drill hole intervals that had not been included in the digital database. Based on the predominantly low values of the newly added assay intervals, the Company recognized that the new data would materially affect the existing mineral resource estimate.Based on the validated database and the new geologic model, the Company contracted Minarco to re-estimate the Silver Coin mineral resource and issue a new NI 43-101 compliant Technical Report. The new Minarco resource at a 0.3 g/t Au cut-off grade shows a Measured and Indicated resource of 27,163,600 tonnes grading 0.96 g/t for a total of 835,700 ozs. gold and 5,218,900 ozs. silver and an Inferred resource of 29,653,200 tonnes grading 0.69 g/t for a total of 655,200 ozs. gold and 5,723,000 ozs. silver. Minarco also concluded that zinc is potentially recoverable during the processing of Au and Ag and estimated that within the gold/silver resource there is an Inferred resource of 56,816,800 tonnes of zinc grading 0.19% for a total of 242,450,200 pounds.The Minarco report replaces th...