Drilling Commences at Silver Coin Project, B.C.
Vancouver, B.C., May 24, 2011; Jayden Resources Inc., ("Jayden" or "the Company")
(TSX:JDN) announces the commencement of drilling at its Silver Coin Project
near Stewart, B.C. The drilling program is the key component of the Company's
previously announced $5 million exploration and development program (see news
release dated April 27, 2011). Two core rigs are currently working on the
property.
The drilling program will be composed of approximately
80% infill and close offset holes, and 20% exploration holes outside of the
current resource. The goals of the program are to upgrade the existing inferred
resource to the measured and indicated categories, to develop a comprehensive geologic
model for the deposit, to model the high grade zones with increased confidence,
and to drill test several surface occurrences of gold mineralization outside of
the resource area. For a map showing the location of the planned 2011 drill
holes, please go to:
http://www.jaydenresources.com/silver-coin/silver-coin-project-drilling-2011.html
Jayden's President, Bob Felder commented, "This
is the largest drilling program on the project in many years. Based on the
encouraging results we received from our 2800m 2010 drilling program, which
increased the total number of gold resource ounces by approximately 11%, we are
very excited about the potential of this year's program. Our near term goal is
to utilize the new drilling, metallurgical, engineering, geological and
environmental data to advance the project to the prefeasibility stage."
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 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 Lawrence Dick, Ph.D., P.Geo.,
recognized as a Qualified Person under the guidelines of National Instrument
43-101.
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
This news release does not constitute an offer to sell
or a solicitation of an offer to buy any of the securities of Jayden Resources
Inc. in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available.
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.