(TheNewswire)
Vancouver, B.C. - TheNewswire - July 9, 2021 - Jayden Resources Inc.( TSXV: JDN) (OTC:PNMLF) (“Jayden” orthe “Company”) further to the Company’snews releases of February 7, 2021 and April 9, 2021 wherein theCompany announced its intent to acquire a 100% interest in the StormLake Gold Property (the “Property”) located on the Frotet-EvansGreenstone Belt in central Quebec, and the TSXV approval of thesame.
Pursuant to the option agreement entered into betweenCompany and Canadian Mining House (9219-8845 QC Inc.), Anna-RosaGiglio and Greg Exploration Inc. (the Vendors), the Company has issueda total of 2,200,000 post-consolidated common shares and paid a totalof $200,000 to the Vendors fulfilling its first obligation inacquiring the Property.
The Property consists of 48 contiguous claims thatcover a gross area of approximately 2,610 hectares and is located inthe middle of the Frotet-Evans Greenstone Belt which also hosts theformer Troilus Mine, which during its mine life produced more than 2.0million ounces of gold and nearly 70,000 tons of copper from 1996 to2010 (Troilus Gold Corporate Presentation – Feb. 2021 –www.troilusgold.com). New discoveries by Troilus Gold Corp. (TSX:TLG)have them focused on mineral expansion (4.96Moz AuEq indicated plus3.15Moz AuEq inferred – Troilus GoldCorporate Presentation – Feb. 2021) and the potential restart of theformer mine.
As per the option agreement, the Company is alsoobliged to spend a minimum of $150,000 during the first year onexploration and development of the Property. In this regard, theCompany has already taken steps to secure a geological team whom hasstarted on the preliminary work needed to advance the project,including the necessary permitting for camp preparation and drilling.The Company has also engaged a separate geologist to prepare aNational Instrument 43-101 Technical Report on the Property.
Technical information in this press release wasreviewed by Jeannot Théberge Géo. (OGQ), recognized as a QualifiedPerson under the guidelines of National Instrument 43-101.
For further information about this news release or theCompany visit our website at www.jaydenresources.com , email info@jaydenresources.com , or callMike Thast at 778-331-2093.
On Behalf of the Board:
"DavidEaton"
President & 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, the inability to implementcorporate strategies, the ability to obtain financing and other risksdisclosed in our filings made with Canadian SecuritiesRegulators
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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