About Jayden Resources
Jayden Resources is a Canadian exploration company with an advanced-stage, gold-silver NI 43-101 resource on its Silver Coin property in the Stewart Camp, northern BC – an emerging major metals district that includes the historic Silbak-Premier Mine and Barrick Gold's famed Eskay Creek Mine. At Silver Coin, excellent exploration potential remains to the northwest of the existing resource.
Silver Coin Project: Overview
Silver Coin is an advanced-stage, gold-silver property located 25 kilometers north of Stewart, British Columbia in a region of multiple new discoveries. The property holds outstanding exploration potential, good road access, a deepwater seaport, and excellent nearby infrastructure. The site covers a net area of approximately 1,470 hectares and features a zone of faulting and shearing with accompanying mineralization up to 300 meters wide that has been traced for 2.5 kilometers. Drilling by Jayden Resources in 2010 and 2011 has reconfirmed the important high-grade gold component of Silver Coin. Mineralization is characterized as epithermal to mesothermal gold-silver with sulfide-bearing breccias and veins similar to those mined at the Silbak-Premier Mine, located 3.5 kilometers to the south. Over its mine life, Silbak-Premier produced approximately 2 million ounces gold and 43 million ounces silver.
2017 Drill Program
The 2017 program will consist of approximately 6,000 feet of drilling and will focus on extending and upgrading lenses of known high grade gold mineralization within the Main Breccia Zone to the northwest as well as testing additional targets along strike to the south and potential sub-parallel zone to the east.
The total inferred mineral resource estimate for high-grade core at Silver Coin already consists of 967,000 tonnes grading 4.39 g/t Au, 18.98 g/t Ag (Au equivalent of Ag – 4.64 g/t), 0.64% Zn, 0.25% Pb, and 0.04% Cu [calculated in accordance with National Instrument 43-101 standards, at a 2 g/t Au cut-off by Mining Plus Canada - August, 2013].
2017 Drilling Objectives are as follows:
Drill step-out holes to the north-northwest of existing resource to test for continuity and extensions of the gold mineralization.
Drill a panel of holes within the southeastern portion of the Main Breccia Zone to test for possible southern extensions of high grade gold mineralization. [Note: the southernmost hole from the 2010 drilling campaign, hole SC10-311, intersected 55m grading 8.42 g/t Au as reported in the Company’s news release dated October 14, 2010.]
Test strike and depth extension of the Terminus showing located 500 metres east of the Main Breccia Zone where Trench ‘1a’ returned values of 8.4 g/t Au and 23.9 g/t Ag over 12.1 metres as reported in Company’s news release dated February 22, 2005.
In conjunction with the 2017 drilling campaign, crews are conducting regional exploration work to define additional drill targets out of the current area of focus for future drilling programs.
Sprott Mining Inc. ("Sprott Mining") will be acting as operator for the 2017 program.
Sprott Mining is a private company focused on acquiring, building and managing a diversified portfolio of producing mining assets in North America. The senior management team has significant transaction, finance and operating experience and is dedicated to finding and investing in exceptional mining projects. Go to www.sprottmining.com for more information.
2011 Drill Program
The Company completed 17,468 meters of new drilling in 109 holes at Silver Coin during 2011. This infill program along with a modest level of step-out drilling was designed to add overall resources to the project while upgrading inferred ounces.
The Company will use the results from the 2011 and 2017 drill programs to update the Silver Coin resource with the intention of bringing the project to positive prefeasibility in the future.
Lawrence Dick, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, and the Chief Consulting Geologist for Jayden Resources Inc., has reviewed and approved the technical content on this page.