Nov. 15, 2010 (TheNewswire.ca) --
Vancouver, B.C., November 15, 2010; Jayden Resources (TSXV:JDN) (OOTC:PNMLF) Inc., ("Jayden" or "the Company")(TSX-V:JDN) announces that the recently completed 2010 drilling program continues to produce strong assay results, further illustrating the significant potential of the Silver Coin deposit. This news follows the recently released results from hole SC10-311 (see News Release dated October 14, 2010), which reported 55m at an average grade of 8.42 g/t Au, including 7m at 32.9 g/t Au. Highlights of the new results include:
Hole ID From To Intercept Au Au Ag Ag Zn
Length
(metres) (metres) (metres) (g/t) (oz/t) (g/t) (oz/t) (%)
SC10-312 70.0 105.2 35.2 3.12 0.091 24.07 0.703 1.26
145.5 170.5 25.0 1.73 0.051 6.02 0.176 0.29
SC10-313 77.5 80.5 3.0 23.6 0.689 5.85 0.171 0.10
143.0 153.0 10.0 4.07 0.119 8.29 0.242 1.06
SC10-315 11.4 43.0 31.6 2.19 0.064 13.19 0.385 1.36
83.5 88.0 4.5 2.53 0.074 5.13 0.150 0.11
SC10-316 3.1 43.6 40.6 3.12 0.091 9.19 0.268 0.28
46.6 71.0 24.4 1.71 0.050 13.23 0.386 0.95
The 2010 drilling program focused on infill holes to provide confirmation of grade and continuity for ongoing resource studies, and a limited amount of step-out holes to explore for mineralization to the north of the current resource area. 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
During the 2010 drilling program, 18 holes totalling approximately 2800 metres were completed. To date assays for 5 holes have been reported and the Company expects to release results of the remaining 13 holes over the coming weeks. During 2011, the Company plans to carry out a much larger development drilling program, which will have the following goals:
-Extension drilling for resource expansion
-Exploration drilling on outlying targets
-Infill drilling for grade and resource model verification, geologic modelling, metallurgy, and engineering studies.
"We are excited about the good grades we continue to encounter in this year's drilling. By carrying out our program and plans through 2011, we believe we can bring the Silver Coin project to the next level of development and demonstrate the true value and potential of this underappreciated asset" 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 (NYSE:ABX) (TSX:ABX) 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 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.
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