Jayden Resources

TSXV: JDN


News Releases

News Release: August 2, 2019
Vancouver, B.C., August 2, 2019; Jayden Resources Inc., (the “Company") (TSXV:JDN) announces that Savio Chiu has resigned as a director of the Company. The directors would like to thank Savio for his work with the Company and wish him all the success in his future endeavours.

News Release: February 4, 2019
VANCOUVER, British Columbia – February 4, 2019 – Jayden Resources Inc. (“Jayden” or the “Company”) (TSX-V: JDN) Further to Jayden’s news release dated January 4, 2019 and the TSX Venture Exchange (“TSXV”) Bulletin dated January 17, 2019, wherein it was announced that the Company will distribute to its shareholders, by way of a dividend (the “Dividend”), 0.166815458 of a common share (the “Ascot Shares”) of Ascot Resources Ltd. for each common share of Jayden (or 1 Ascot Share for every 5.994648308 Jayden common shares).

News Release: January 4, 2019
VANCOUVER, British Columbia – January 4, 2019 – Jayden Resources Inc. (“Jayden” or the “Company”) (TSX-V: JDN) Further to Jayden’s news release dated December 10, 2018 wherein the Company announced that it intends to distribute to its shareholders, by way of a dividend (the “Dividend”), 0.1696284 of a common share (the “Ascot Shares”) of Ascot Resources Ltd. for each common share of Jayden (or 1 Ascot Share for every 5.8952379 Jayden common shares), subject to adjustment for certain taxes which Jayden may be required to withhold.



Silver Coin Project Summary

Silver Coin is an advanced-stage, gold-silver property located 25 kilometers north of Stewart, British Columbia in the Skeena Mining Division. The project 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. Silver Coin shares many characteristics with the nearby Silbak-Premier Mine, located just 5 km to the south. Over its mine life, the Silbak-Premier Mine produced 4.7 million tonnes yielding approximately 1.8 million ounces gold, 41 million ounces silver, 4.2 million pounds copper, 62 million pounds lead and 20 million pounds zinc.

Through 2011, 869 holes totaling approximately 107,846 meters have been completed at Silver Coin. This drilling has partially outlined a gold-silver mineralized body that remains open to the north and northwest. 

Silver Coin

Current Work

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:

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.

 

Environmental and Metallurgical Work

Environmental Studies

In 2009, Cambria Gordon Ltd., an environmental consulting firm based in Terrace, B.C., was engaged to initiate environmental baseline studies of the Silver Coin project with the goal of assessing existing water quality, fauna and flora concerns and potential sites for tailings disposal. Specifically, their work included:

In 2010 and 2011, the Company engaged AMEC Environment and Infrastructure to continue and expand the environmental baseline studies. The Company, working with AMEC, also initiated geochemical characterization of waste rock and low-grade mineralization to determine the acid-generating potential of Silver Coin and appropriate mitigation measures.

Metallurgical Studies

Metallurgical testing at Silver Coin has been ongoing since November 2008 by Frank Wright of F. Wright Consulting Inc. Results to date have shown that Silver Coin exhibits very favourable metallurgical characteristics. The laboratory test program to date has investigated flotation and cyanide leaching procedures.

Based on a new metallurgical composite designed to more closely resemble the current estimate of the average grade, metallurgical testing continued in 2011 in an effort to optimize recoveries.

Depending on the sample and procedures that were used, the gold recoveries varied from 85% to 95% for cyanidation. Initial open-cycle flotation tests provided an excellent bulk yield of over 95% gold into a rougher concentrate. The results from a locked-cycle test provided gold and silver recoveries of approximately 90%. Future metallurgical work will focus on optimizing flotation procedures for rejecting pyrite to produce a cleaned bulk gold-silver concentrate. The nearby deep water port and loading facility at Stewart is ideally located for transport of Silver Coin concentrate.

During September 2009, bulk samples were collected from trenches in the mineralized zone at Silver Coin to provide samples for work index studies.

Conclusion

Silver Coin is a significant gold resource which has yet to be fully delineated by drilling. Potential to significantly expand the resource exists along strike, particularly to the north. It is located in the Stewart Camp, which contains widespread and abundant alteration and mineralized prospects, including one of B.C.’s important past-producers, the Silbak-Premier Mine. Work in 2011 included infill and step-out drilling to upgrade resource categories and grow the resource, further metallurgical test work, further baseline environmental studies & EIA, and detailed process design & mine planning.

With the advantages of a hew hydro-power plant being built within three kilometers, the well-maintained Granduc Road crossing the property leading to the Pacific’s Portland Canal, and a concentrate shipping facility in Stewart, Silver Coin is a very attractive mining project.


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.

© 2019 Jayden Resources