Jayden Moves Ahead on Storm Lake Acquisition
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Jayden Moves Ahead on Storm Lake Acquisition
Vancouver, B.C., July 9, 2021; Jayden Resources Inc. (JDN:TSXV) (“Jayden” or the “Company”) further to
the Company’s news releases of February 7, 2021 and April 9, 2021 wherein the Company announced its
intent to acquire a 100% interest in the Storm Lake Gold Property (the “Property”) located on the Frotet-
Evans Greenstone Belt in central Quebec, and the TSXV approval of the same.
Pursuant to the option agreement entered into between Company and Canadian Mining House (9219 -
8845 QC Inc.), Anna-Rosa Giglio and Greg Exploration Inc. (the Vendors), the Company has issued a total
of 2,200,000 post-consolidated common shares and paid a total of $200,000 to the Vendors fulfilling its
first obligation in acquiring the Property.
The Property consists of 48 contiguous claims that cover a gross area of approximately 2,610 hectares and
is located in the middle of the Frotet-Evans Greenstone Belt which also hosts the former Troilus Mine,
which during its mine life produced more than 2.0 million ounces of gold and nearly 70,000 tons of copper
from 1996 to 2010 (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 plus 3.15Moz AuEq inferred – Troilus Gold Corporate Presentation – Feb. 2021) and the potential
restart of the former mine.
As per the option agreeme nt, the Company is also obliged to spend a minimum of $150,000 during the
first year on exploration and development of the Property. In this regard, the Company has already taken
steps to secure a geological team whom has started on the preliminary work ne eded to advance the
project, including the necessary permitting for camp preparation and drilling. The Company has also
engaged a separate geologist to prepare a National Instrument 43-101 Technical Report on the Property.
Technical information in this press release was reviewed by Jeannot Théberge Géo. (OGQ), recognized as
a Qualified Person under the guidelines of National Instrument 43-101.
For further information about this news release or the Company visit our website at
www.jaydenresources.com, email [email protected], or call Mike Thast at 778-331-2093.
On Behalf of the Board:
"David Eaton"
President & CEO
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 thes e 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 strate gies, the ability to obtain financing and other risks disclosed in our filings made with
Canadian Securities Regulators
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.