Jayden drills 7.05 m of 0.93 g/t Au at Storm Lake

Apr 25, 2022

2022-04-25 09:29 ET – News Release

Mr. David Eaton reports

JAYDEN COMPLETES ITS FIRST EXPLORATORY DRILL PROGRAM AT STORM LAKE, CONFIRMS PROPERTY SCALE GOLD FOOTPRINT, DEFINING MULTIPLE DRILL TARGETS

Jayden Resources Inc. has received the results from the 21-hole, 4,561-metre diamond drill program on its Storm Lake gold property, located in the Frotet-Evans greenstone belt in north-central Quebec.

Storm Lake consists of 45 contiguous claims and three non-contiguous claims that total approximately 2,610 hectares. Previous exploration on the property by various other companies includes 49 drill holes, totalling 9,600 metres, that led to the discovery of eight historical showings (seven gold and one silver). The focus of Jayden’s first exploration program was to confirm and expand upon previous exploration on the property as well as establish a broader geological understanding for future drill programs.

During this program, 21 drill holes designed to test seven different widespread targets of interest were completed. From the 21 diamond drill holes, 19 holes did report samples over 0.1 part per million gold (see an attached table). Out of 2,947 core samples, 132 samples (4.5 per cent) returned gold values over 0.1 gram per tonne gold, suggesting that gold mineralization has occurred throughout the property with the potential to host a broader gold-bearing deposit. Moreover, gold values were mostly obtained in quartz-carbonate-tourmaline-pyrite veins within structural features and also in sulphide-rich host formation (as in hole SL-21-03, for example), also proving the potential of the property to have several richer areas within this large and continuous corridor of anomalous gold that occur all over the property.

The most promising results were found in two different areas of interest and are located approximately six kilometres away from the other in an east-west direction along a major concordant magnetic lineament.

The Golden showing reported multiple gold intercepts of up to 0.93 g/t Au over 7.05 m related to quartz-sulphide-tourmaline veins and hosted in felsic volcano-sedimentary units. The hydrothermal alteration observed is sericite-fuchsite, suggesting an orogenic hydrothermal fluid. The occurrence of both arsenopyrite and tourmaline found in gold-bearing veins is in accordance with a probable sedimentary source for gold and fluids. The mineralization tested is open in every direction.

The Rusty Water showing is located 5.7 kilometres east of the Golden showing, on a strong magnetic lineament of 1.5 km (length) that corresponds with an iron formation of approximately 6.4 m (thickness), and returned 0.458 g/t Au over 6.4 m in hole SL-21-03.

Both results are very encouraging considering the widespread nature of the drill campaign and the limited knowledge of the property. Prior to the 2021 program, only 43 holes were drilled on the main claim block, totalling 8,977 m. Out of this historical drilling, a total of 354 core samples reported gold readings of over 0.1 ppm.

The company feels that not only do all these results confirm the presence of gold mineralization throughout the property, but they also indicate the presence of structural and formational gold traps with significant grades. The presence of hydrothermal alteration in a felsic environment is also favourable to trigger gold remobilization.

The company had planned an up-to-6,000-metre program, but cut that short due partly to inclement weather and shortened daylight hours, which affected helicopter performance, which significantly increased the cost per metre to drill. The savings incurred will be applied to the 2022 drill program, which is currently being mapped out.

Jayden’s president and chief executive officer, David Eaton, commented: “The company accomplished what it set out to do on its first program, which was to expand upon previous exploration and define targets for future drill programs. The company is currently well financed to carry out the 2022 program and is anxious to get back out on the property as early as possible this year.”

Qualified person

Technical information in this press release was reviewed by Hugues Guerin Tremblay, PGeo, OGQ No. 1584, recognized as a qualified person under the guidelines of National Instrument 43-101. The qualified person has not completed sufficient work to verify the historical information on the property, particularly in regard to historical drill results. However, the qualified person believes that drilling and analytical results were completed to industry-standard practices. The information provides an indication of the exploration potential of the property, but may not be representative of expected results.

Quality assurance/quality control

Jayden Resources implemented a strict quality assurance/quality control protocol in processing all core samples collected from the Storm Lake property. The protocol included the insertion and monitoring of appropriate reference materials, in this case certified gold standards and blanks, to validate the accuracy and precision of the assay results. All collected rock samples were put in sturdy plastic bags, tagged and sealed in the field under the supervision of professional geologists. The sample bags were then put in rice pouches and kept securely in a field tent before being sent by truck for preparation and analysis to the ALS Minerals laboratories in Val d’Or, Que. All samples were analyzed using the ME-ICP41 package (aqua regia with atomic absorption finish) for 35 elements. Samples having contents of greater than 10,000 parts per million zinc and greater than 100 parts per million silver were reanalyzed by the OG-46 method (four acids). Gold assays were determined by fire assay with an atomic absorption finish (method Au-AA24).

We seek Safe Harbor.

https://jaydenresources.com/