Jayden Resources' Silver Coin project in British Columbia

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Jayden Resources’ Silver Coin, B.C. Project is positioned to succeed
~ By Kevin Michael Grace, September 13th, 2010
Movie trivia buffs will know that John Carpenter’s 1982 horror cult be followed and the qualifications of the people doing this report-
classic The Thing was filmed just outside Stewart, BC. Now, given ing.”)
that the Stewart area stood in for central Antarctica in the movie,
you might think that Stewart would be an awkward place indeed The geology, Perry explains, gives every indication of being min-
for a successful gold mine. You might think that, but you’d be eral rich. “In the case of Silver Coin, going through the center of
wrong. the zone there is a breccia (which just means broken rock). This
happens where a major fault has come through, and faults form
As it turns out, Stewart, 288 miles north of Prince Rupert, is well pathways for mineralization of all kinds. At Silver Coin, there is
positioned. For starters, it is an ice-free port, the northern most on a very large zone where the rocks are all busted up. The current
Canada’s Pacific Coast. It is well-served by road as well, with a deposit as drilled forms a sort of elongated, north-south oval,
spur off BC’s Highway 37. Stewart was a precious metals boom which lends itself very well to open pit mining, which costs about
town before the First World War, with a population that reached one-tenth as much per ton as underground mining.”
as high as 10,000. The Stewart-Premier-Hyder, Alaska area has
been home to such fabled producers as Riverside, Silbak-Premier, And the Silver Coin deposit “sits more or less on a ridge, and this
Eskay Creek and Granduc. makes the geometry extremely favourable.” In other words, “You
don’t have to move very much waste off to get to the ore. Any time
you’re mining waste, you’re eating up your profit.” The waste to
ore ratio, according to Perry, is about 1.3 to 1. “This is a great strip
ratio, as it’s not uncommon to see projects with a 3 to 1, 5 to 1 or
even 8 to 1 strip ratio.”
To sum up Silver Coin: The gold has been discovered; second-
phase environmental studies are commencing, including fisheries
and aquatics baseline studies, stream flow monitoring, and about
$50,000 is being spent on a weather station. Transportation is
secure, as “the Granduc Mine built this magnificent road from
Stewart right through the middle of our project and north of there.”
And electrical power needs to be extended only five kilometres
from the current grid. The “best-case scenario,” Perry says, is a
three-to-four year timeline to production.
So Bob Perry is excited about Silver Coin. But he is even more
excited about the surrounding area, whose potential he believes
to be much greater than two million ounces. “The periphery of the
Silver Coin deposit, both north and south, has not seen the level
Obviously, historic accomplishment and easy access do not that the interior has. In 2008 there were a couple of holes drilled to
guarantee anything. You need to find gold as well. And that, VP the south which were just spectacular holes. When I got involved
Exploration and Development Robert Perry reports, is precisely with it, I noticed that people didn’t seem to be all that wound up
what Jayden Resources Inc. has done at its Silver Coin property, about them, and I thought, ‘Gee those are some great holes, and
located in the Stewart Camp 25 kilometres north of Stewart. From there are great unrecognized opportunities down to the south.’”
1988 to 1994, about 30,000 ounces of gold were produced on
this site from underground drift mining. However, “In the past six
years,” Perry says, “we have explored the property and identified
a significant gold and silver resource and ongoing engineering
and metallurgical studies suggest the deposit can be economi-
cally mined by open pit methods and the gold and silver can be
recovered by conventional processes.”
(Perry clarifies, “Back in the Bre-X days things were fast and free,
and investors were victims of exaggeration on a frequent basis, so
the government stepped in and clamped down and made rigorous
rules for the disclosure and reporting of information about mineral
deposits. 43-101 lays out in great detail the procedures that must
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