Jayden Resources is exploring the Silver Coin Mine in northern British Columbia. The mine was previously drilled extensively in the 1980s-1990s and produced 60,000 ounces of gold. Jayden's CEO David Eaton believes they can expand and develop the mine due to his experience in entrepreneurship and mining. Jayden plans more drilling and environmental work this year. Eaton is optimistic about Silver Coin's potential because of its existing deposit and infrastructure access via a nearby road.

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A Fresh Look
Jayden Resources leads the new class of Stewart Camp mining companies
~ By Kevin Michael Grace, September 20th, 2010
David Eaton, the CEO of Jayden Resources has a wealth of experience in believe we can put this on a path to production, and I believe we bring the
hands-on entrepreneurship, even if he is missing the “formal schooling” in knowhow and the expertise.”
business. And his knowledge leads him to conclude that Jayden’s Silver
Coin Mine in northern B.C. is going to be a winner. As Eaton points out, Jayden is hardly the only company expanding in the
region. “If you look at what’s happening up at the Stewart Camp, espe-
Eaton recounts, “I started in this business as a runner out of high school, cially this year, you’ll see companies like Great Bear, Mascot and Ocean
working on trading desks at the old Vancouver Stock Exchange. I learned Park are bringing new life to it. A whole bunch of money is coming into the
from the street level on structuring deals, structuring finance, every aspect Stewart Camp and that has to do with the precious metals prices as high
of the deal right up to running a public company.” as they are.”
He then went into land develop- Gold traded just over $400 per ounce in 2004. Today, the price hovers
ment, throughout North and over $1,100, with many believing it will go substantially higher.
Central America, before, in his
own words, “becoming bored Jayden has planned another drilling project this year and has hired AMEC
with it.” The lure of starting and Earth and Environmental to perform second-stage environmental work.
building companies was just The work is extensive and expensive but a pittance compared to the
too strong. “Now I’m chairman money saved by Stewart Camp’s location. Eaton enthuses, “A road runs
of the Baron Group, which right to us. Right there that saves us a hundred million bucks. Usually you
was set up with the backing of have to fly in by helicopter. And we have power close by. That just saves
Joseph Wan. He took me under massive amounts of capital.”
his wing. We do everything
from marketing to geological Above all what distinguishes Silver Coin for David Eaton is this: “It’s one of
services to finance. Everything the only projects I’ve been involved with that actually has a deposit that we
from A to Z.” can grow. I believe we can double this up. We have the proven reserve.”
The Baron Group, established in
1998, is headquartered in Hong
Kong with offices in Beijing, Ma-
-cau, Vancouver and New York. Eaton likes to refer to the “Baron plat-
form,” which is how he describes the “one-stop” shop the company has
built for its clients. Baron facilitated the June changeover from Pinnacle
Resources Ltd. to Jayden Resources Inc., a name Eaton says was chosen
primarily to “reflect the large Asian shareholder base.” Since June, Jayden
has been trading on the TSX Venture Exchange under the symbol JDN.
The Silver Coin site, approximately 1,255 hectares, is located in the
Stewart Camp, 25 kilometres north of Stewart. Prospecting began there in
1898, and the area saw significant exploitation of gold (two million ounces)
and silver (43 million ounces) at the Silbak-Premier Mine and tremendous
exploitation (420 million pounds) of copper at the legendary Granduc
Mine.
Silver Coin is 70% owned by Jayden (with an option for another 10%) and
30% owned by Mountain Boy Minerals. It was drilled extensively in the
1980s and 1990s, and 60,000 ounces of gold was mined then. From 2004
to 2008, Pinnacle and Mountain Boy drilled 292 surface holes and cut 75
surface trenches.
Under Jayden’s management, activity at Silver Coin is moving into top
gear. Why now? According to Eaton, “We brought a fresh look to an old
project. We believe there’s a world-class gold deposit there. We got lucky,
and we were able to take control of this thing during the ’08 downturn. I
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