(TheNewswire)
Vancouver, B.C. - TheNewswire - April 25, 2022; Jayden Resources Inc., ("Jayden"or "the Company") ( TSXV:JDN) announces that the Company has received the results from its21 hole/4,561 meter diamond drill program on its Storm Lake goldproperty (“Storm Lake”) located in the Frotet-Evans GreenstoneBelt in north central Quebec.
Storm Lake consists of 45 contiguous claims plus 3non-contiguous claims that total approximately 2,610 hectares.Previous exploration on the property by various other companiesincludes 49 drill holes totaling 9,600 meters that led to thediscovery of 8 historical showings (7 Gold and 1 Silver). The focus ofJayden’s first exploration program was to confirm and expand uponprevious exploration on the property as well as establish a broadergeological understanding for future drill programs.
Figure 1: Drillhole location andresults in the Storm Lake main block
Figure 2 : Drillhole locations andresults in the west blocks
During this program, 21 drillholes designed to test 7 differentwidespread targets of interest (see Figures 1 & 2 ) were completed. From the 21 diamonddrillholes, 19 holes did report samples over 0.1 ppm Au (see Table 1 ). Out of 2,947 core samples,132 (4.5%) returned gold values over 0,1 g/t Au. This suggests thatgold mineralization has occurred throughout the property with thepotential to host a broader gold bearing deposit. Moreover, goldvalues were mostly obtained in quartz-carbonate-tourmaline-pyriteveins within structural features and also in sulfides-rich hostformation as in hole SL-21-03 for example (see Figure 3 ), proving also thepotential of the property to have several richer areas within thislarge and continuous corridor of anomalous gold that occur all overthe property.
Figure 3 : Core pictures of the bestgold intercepts in hole SL-21-03; 0.508 g/t Au over 6.4 m hosted in aveined felsic lapilli tuff; B: 0.458 g/t Au over 6.4 m hosted in aniron formation.
The most promising results were found in 2 different areas of interestand are located approximately 6 km away from the other in a E-Wdirection along a major concordant magnetic lineament.
The Golden Showing (Target V)reported multiple gold intercepts up to 0.930 g/t Au over 7.05 mrelated to quartz-sulfides-tourmaline veins and hosted in felsicvolcano-sedimentary units. The hydrothermal alteration observed aresericite-fuchsite suggesting an orogenic hydrothermal fluid. Theoccurrence of arsenopyrite and tourmaline found in gold bearing veinsis in accordance with probable sedimentary source for gold and fluids.The mineralization tested is open in every direction.
The Rusty Water Showing (Target III) is located 5.7km east of the Golden Showing, on a strong magnetic lineament of 1.5km long that corresponds with an iron formation of approximately 6.4 mthick and returned 0.458 g/t Au over 6.4m inhole SL-21-03 .
Both results are very encouraging considering the widespread nature ofthe drill campaign and the limited knowledge of the property. Priorto the 2021 program, only 43 holes were drilled on the main claimblock totalling 8,977 m. Out of this historic drilling, a total of 354core samples reported gold readings over 0.1 ppm.
Hole ID | From | To | Au (g/t) | Core length (m) | Composite highlight |
SL-21-19 | 31,10 | 32,60 | 0,59 | 1,50 | Including 1,245 g/t Au over 0,3 m |
SL-21-19 | 54,20 | 55,50 | 0,716 | 1,30 | Including 0,969 g/t Au over 0,3 m |
SL-21-19 | 69,60 | 73,35 | 0,875 | 3,75 | Including 2,53 g/t Au over 1,05 m |
SL-21-19 | 108,95 | 116,00 | 0,93 | 7,05 | Including 3,92 g/t Au over 0,85 m |
SL-21-19 | 164,95 | 170,00 | 0,533 | 5,05 | Including 2,59 g/t Au over 0,65 m |
SL-21-03 | 102,35 | 105,00 | 0,508 | 2,65 | Including 1,985 g/t Au over 0,3 m |
SL-21-03 | 263,60 | 270,00 | 0,458 | 6,40 | Including 1,175 g/t Au over 0,5 m |
SL-21-03 | 286,00 | 288,00 | 0,394 | 2,00 | Including 0,601 g/t Au over 1 m. |
SL-21-01 | 184,50 | 185,10 | 0,701 | 0,60 | |
SL-21-01 | 214,35 | 214,65 | 0,786 | 0,30 | |
SL-21-01 | 277,70 | 279,95 | 0,28 | 2,25 | |
SL-21-02 | 100,00 | 102,50 | 0,5 | 2,50 | Including 0,8 g/t Au over 1 m |
SL-21-02 | 115,00 | 116,50 | 0,89 | 1,50 | |
SL-21-05 | 18,80 | 19,80 | 0,179 | 1,00 | |
SL-21-06 | 26,95 | 44,40 | 0,122 | 17,45 | Including 0,42 g/t Au over 1,5 m |
SL-21-07 | 33,50 | 35,00 | 0,135 | 1,50 | |
SL-21-07 | 79,10 | 80,00 | 0,103 | 0,90 | |
SL-21-08 | 50,00 | 51,00 | 0,141 | 1,00 | |
SL-21-09 | 76,00 | 76,80 | 0,162 | 0,80 | |
SL-21-09 | 102,80 | 104,30 | 0,133 | 1,50 | |
SL-21-09 | 130,00 | 131,50 | 0,19 | 1,50 | |
SL-21-10 | 93,05 | 93,35 | 1,450 | 0,30 | |
SL-21-12 | 123,15 | 129,30 | 0,482 | 6,15 | Including 4,620 g/t Au over 0,45 m |
SL-21-13 | 25,10 | 36,00 | 0,17 | 10,90 | Including 0,690 g/t Au over 0,7 m |
SL-21-13 | 200,05 | 200,55 | 0,737 | 0,50 | |
SL-21-14 | 200,05 | 200,55 | 0,737 | 0,50 | |
SL-21-14 | 221,15 | 221,5 | 0,318 | 0,35 | |
SL-21-15 | 23,00 | 25,00 | 0,967 | 2,00 | Including 1,440 g/t Au over 1 m |
SL-21-15 | 111,00 | 112,50 | 0,315 | 1,50 | |
SL-21-15 | 132,50 | 134,50 | 0,473 | 2,00 | |
SL-21-16 | 70,00 | 71,50 | 0,104 | 1,50 | |
SL-21-16 | 79,85 | 80,15 | 0,508 | 0,30 | |
SL-21-16 | 144,00 | 145,50 | 0,266 | 1,50 | |
SL-21-18 | 76,35 | 78,35 | 0,904 | 2,00 | Including 1,655 g/t Au over 1 m |
SL-21-18 | 100,80 | 101,80 | 0,591 | 1,00 | |
SL-21-18 | 126,00 | 131,00 | 0,118 | 5.00 | Including 0,259 g/t Au over 1 m |
SL-21-20 | 24,00 | 25,00 | 1,455 | 1,00 | |
SL-21-20 | 88,00 | 88,75 | 0,506 | 0,75 | |
SL-21-20 | 178,50 | 179,30 | 0,452 | 0,80 |
The Company feels that not only do all these results confirm thepresence of gold mineralization throughout the property, but it alsoindicates the presence of structural and formational gold traps withsignificant grades. The presence of hydrothermal alteration in afelsic environment is also favorable to trigger gold remobilization.
The Company had planned up to a 6,000-meter program butcut that short due partly to inclement weather and shortened daylighthours which affected helicopter performance which significantlyincreased the cost per meter to drill. The savings incurred will beapplied to the 2022 drill program which is currently being mappedout.
Jayden’s President & CEO David Eaton commented“the Company accomplished what it set out to do on its firstprogram, which was to expand upon previous exploration and definetargets for future drill programs. The Company is currently wellfinanced to carry out the 2022 program and is anxious to get back outon the property as early as possible this year.”
Qualified Person
Technical information in this press release wasreviewed by Hugues Guérin Tremblay, P.Geo., OGQ #1584 recognized as aQualified Person under the guidelines of National Instrument 43-101. The Qualified Person has not completed sufficient work to verify thehistoric information on the Property, particularly in regards tohistorical drill results. However, the Qualified Person believes thatdrilling and analytical results were completed to industry standardpractices. The information provides an indication of the explorationpotential of the Property but may not be representative of expectedresults.
QA/QC
Jayden Resources implemented a strict QA/QC protocol inprocessing all core samples collected from the Storm Lake property.The protocol included the insertion and monitoring of appropriatereference materials, in this case certified gold standards and blanks,to validate the accuracy and precision of the assay results. Allcollected rock samples were put in sturdy plastic bags, tagged, andsealed in the field under the supervision of professional geologists.The sample bags were then put in rice pouches and kept securely in afield tent before being sent by truck for preparation and analysis tothe ALS Minerals laboratories in Val d’Or, QC. All samples wereanalyzed using the ME-ICP41 package (Aqua regia with AA finish) for 35elements. Samples having contents > 10 000 ppm Zn and > 100 ppmAg were re-analyzed by OG-46 method (4 acids). Gold assays weredetermined by Fire Assay with an atomic absorption finish (methodAu-AA24).
For further information about this news release or theCompany visit our website at www.jaydenresources.com , email info@jaydenresources.com , orcall Mike Thast at 778-331-2093.
On Behalf of the Board:
"DavidEaton"
President and CEO
FORWARD LOOKINGSTATEMENTS: This document includesforward-looking statements as well as historical information.Forward-looking statements include, but are not limited to, thecontinued advancement of the company's general business development,research development and the Company's development of mineralexploration projects. When used in this document, the words"anticipate", "believe", "estimate","expect", "intent", "may","project", "plan", "should" and similarexpressions may identify forward-looking statements. Jayden ResourcesInc. believes that their expectations reflected in theseforward-looking statements are reasonable, such statements involverisks and uncertainties and no assurance can be given that actualresults will be consistent with these forward-looking statements.Important factors that could cause actual results to differ from theseforward-looking statements include the potential that fluctuations inthe marketplace for the sale of minerals, theinability to implement corporate strategies, the ability to obtainfinancing and other risks disclosed in our filings made with CanadianSecurities Regulators.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
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