Jayden Resources

TSXV: JDN

News Releases

News Release: August 13, 2018
Vancouver, B.C., August 13, 2018 - Jayden Resources Inc. (JDN : TSXV) (the “Company”) announces today that the agreement with Ascot Resources Ltd. and Jayden Resources Inc. (“Jayden”) to acquire Jayden’s 80%interest in the Silver Coin property (the “Property”) located in northwestern British Columbia throught he acquisition of all of the issued shares of Jayden Resources (Canada) Inc. (the “Transaction”).

News Release: January 16, 2018
Vancouver, B.C., January 16, 2018 ; Jayden Resources Inc. (JDN : TSXV) (the “Company”) is pleased to report final results from the 2017 drill program at its Silver Coin project in northwestern British Columbia. These remaining results are from four of the six holes drilled to test for shallow dipping gold-bearing breccias 550 metres to the northeast of the flagship Silver Coin deposit.

News Release: November 28, 2017
Vancouver, B.C., November 28, 2017 ; Jayden Resources Inc. (JDN : TSXV) (the “Company”) is pleased to announce that the Company has received assays on an additional 6 holes from the 2017 drill program at its Silver Coin project in northwestern British Columbia. Results indicate a new significant high-grade gold discovery zone in an unexplored area located 550 metres to the northeast of the main Silver Coin deposit.


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Jayden Resources
News Release: August 13, 2018

ASCOT ENTERS INTO AGREEMENTS TO ACQUIRE THE SILVER COIN PROPERTY IN NORTHWESTERN BRITISH COLUMBIA

Vancouver, B.C., August 13, 2018 - Jayden Resources Inc. (JDN : TSXV) (the “Company”) announces today that the agreement with Ascot Resources Ltd. and Jayden Resources Inc. (“Jayden”) to acquire Jayden’s 80%interest in the Silver Coin property (the “Property”) located in northwestern British Columbia throught he acquisition of all of the issued shares of Jayden Resources (Canada) Inc. (the “Transaction”).

Highlights of the Silver Coin Property

Derek White, President and CEO of Ascot commented, “Material from the Silver Coin property was successfully mined and processed in the early 1990s at the Premier mill. The project’s proximity to Ascot’s infrastructure and the identical metallurgical characteristics create key synergies with Ascot’s existing resources. We are excited about the exploration potential at the Silver Coin property and the potential to rapidly add to our resource base on our path forward. We are very pleased that we were able to reach a mutually beneficial agreement with Jayden and Mountain Boy and look forward to creating value for all stakeholders by consolidating the high-grade resources in the southern part of the prolific Golden Triangle.”

A map on the following page shows the location of the Silver Coin property.

Summary of Transaction terms

Pursuant to the share purchase agreement with Jayden (the “Jayden SPA”), Ascot will acquire all of the issued and outstanding shares of Jayden’s subsidiary, Jayden Resources (Canada) Inc. (“Jayden Canada”), in exchange for up to 16,703, 181 Ascot common shares (“Ascot Shares”) including up to 1,715,684 Ascot Shares relating to options and warrants of Jayden exercised before the closing date with the net cash proceeds of the warrants accruing to Ascot. Jayden Canada owns an 80% joint venture interest in the Property pursuant to a joint venture agreement with Mountain Boy (the “JV Agreement”). Mountain Boy Minerals Ltd. has also agreed to waive its right of first refusal under the JV Agreement. The Mountain Boy Purchase Agreement provides that Ascot’s acquisition of the 20% interest in the Property from Mountain Boy is conditional on the acquisition of the 80% interest in the Property from Jayden. The Jayden SPA contains standard representations, warranties and covenants for a transaction of this nature. The Jayden SPA also includes standard non-solicitation provisions of Jayden in favour of Ascot and requires Jayden to pay Ascot a break fee of $450,000 in the event of the acceptance by Jayden of a superior offer or a change in recommendation by the Jayden board of directors in respect of the Transaction. Completion of the Transaction is subject to a number of conditions, including receipt of shareholder approval by the Jayden shareholders and receipt of approval by the TSX Venture Exchange. Certain shareholders of Jayden and all of the officers and directors of Jayden (collectively, the “Lockedup Shareholders”) have entered into voting support agreements with Ascot, whereby they have agreed to vote their Jayden common shares in favour of the Transaction and to restrict trading of Ascot Shares distributed by Jayden to its shareholders pursuant to the Transaction for a period of 6 months following closing of the Transaction. The Locked-up Shareholders own or have control or direction of over approximately 31.4% of the current issued and outstanding shares of Jayden. The Jayden shareholder meeting is expected to occur in early October, 2018 and the Transaction is expected to close shortly thereafter.

The Silver Coin Property

The Silver Coin Project is an advanced-stage, gold-silver property located 25 kilometers north of Stewart, B.C., 800 metres from Ascot’s Big Missouri project and 5 kilometers away from the Premier mill. Mineralization is characterized as epithermal gold-silver deposit with base metal sulfide-bearing breccias and veins similar to those mined at the Premier Mine. The total mineral resource estimate for the highgrade core of Silver Coin already consists of 702,000 tonnes grading 4.58 g/t AuEq in the indicated category and 967,000 tonnes grading 4.52 g/t AuEq in the inferred category in accordance with National Instrument 43-101 standards by Mining Plus Canada dated August 23, 2013 The resource estimate was stated at a cut-off grade of 2 g/t Au. The historically mined material from Silver Coin graded almost 10 g/t Au and the Company expects that similar grades can be achieved by increasing the cut-off grade. The project has room for expansion of the mineralized zones and significant exploration potential for additional zones.

For further information on the Silver Coin Property, please visit www.jaydenresources.com

John Kiernan, P. Eng. is the Qualified Person (QP) as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release.

For further information about Jayden and this news release contact Mike Thast at 604-688-9588, or email info@jaydenresources.com.

On Behalf of the Board:

"David Eaton"
President & 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 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. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

1 Gold equivalence was calculated using a ratio of 65:1 Ag:Au and Ag recovery of 45.2%.

© 2018 Jayden Resources