VANCOUVER, June 11, 2014 /CNW/ - Cayden Resources Inc.
(TSX.V:CYD) ("Cayden" or the "Company") is
pleased to announce results for 14 additional drill holes from the
Pena de Oro target ( "Pena") at
the Company's El Barqueno Gold Property in Jalisco State, Mexico.
Highlights include 54 meters of 1.36 g/t Au with 0.52% Cu in
hole 72 and 68 meters of 0.91 g/t Au with 0.27% Cu in hole
65.
Table 1 – New Drill results from the Peña de Oro target at El Barqueño:
Hole
ID
|
From
|
To
|
Width
|
Gold
(g/t)
|
Ag
(g/t)
|
Cu
(%)
|
BDD0058
|
76
|
109
|
33
|
0.36
|
3.8
|
0.4
|
BDD0058
|
118
|
154
|
36
|
0.79
|
4.7
|
0.5
|
BDD0059
|
98
|
128
|
30
|
1.48
|
2
|
0.18
|
including
|
123
|
124
|
1
|
21.6
|
13.7
|
0.95
|
BDD0060
|
0
|
28
|
28
|
1.17
|
1.3
|
0.09
|
including
|
21
|
22
|
1
|
11.6
|
3.2
|
0.02
|
BDD0061
|
69
|
82
|
13
|
0.24
|
4
|
0.41
|
BDD0061
|
98
|
100
|
2
|
0.68
|
4.4
|
0.53
|
BDD0061
|
106
|
156
|
50
|
0.57
|
4.7
|
0.55
|
BDD0062
|
12
|
27
|
15
|
0.84
|
0.8
|
0.07
|
BDD0063
|
56
|
75
|
19
|
1.4
|
2.9
|
0.26
|
BDD0064
|
0
|
24
|
24
|
0.66
|
2.2
|
0.02
|
BDD0065
|
10
|
78
|
68
|
0.91
|
3.1
|
0.27
|
including
|
50
|
51
|
1
|
17.6
|
26
|
1.89
|
BDD0067
|
12
|
14
|
2
|
3.63
|
7.3
|
0.85
|
BDD0067
|
29
|
35
|
6
|
0.33
|
3.3
|
0.41
|
BDD0067
|
49
|
66
|
17
|
2.66
|
5.3
|
0.58
|
including
|
53
|
55
|
2
|
13.7
|
12.3
|
1.08
|
BDD0068
|
7
|
23
|
16
|
0.24
|
0.9
|
0.29
|
BDD0068
|
29
|
47
|
18
|
1.07
|
1.4
|
0.03
|
BDD0068
|
53
|
62
|
9
|
0.21
|
5.6
|
0.22
|
BDD0068
|
82
|
95
|
13
|
0.08
|
4.2
|
0.21
|
BDD0069
|
14
|
18
|
4
|
0.48
|
1.9
|
0.25
|
BDD0069
|
27
|
70
|
43
|
0.95
|
3.5
|
0.47
|
including
|
56
|
57
|
1
|
11.2
|
10.7
|
1.16
|
BDD0069
|
84
|
94
|
10
|
0.17
|
4
|
0.43
|
BDD0070
|
0
|
23
|
23
|
1.54
|
2.1
|
0.12
|
including
|
9
|
10
|
1
|
10.5
|
3.2
|
0.03
|
BDD0070
|
106
|
108
|
2
|
0.88
|
3.6
|
0.53
|
BDD0071
|
92
|
122
|
30
|
0.73
|
3.5
|
0.31
|
BDD0072
|
41
|
46
|
5
|
0.72
|
4
|
0.58
|
BDD0072
|
61
|
115
|
54
|
1.36
|
5
|
0.52
|
The results at Pena increase the strike length of mineralization
to over 500 meters and the maximum vertical depth tested is 110
meters. The brecciation and width of mineralization appears to be
increasing to the west and at depth. The extent of this
mineralization will be tested when additional permits are received.
The Pena structure remains open in all directions. Only one of
three mineralized structures recently identified by mapping and
geophysics has been partially drilled. (Please see Figure 1 below
or www.caydenresources.com for a drill location map and Figures 2
to see the cross-section)
There are 11 additional holes pending assay from the initial
Pena drill program and an extensive second phase of drilling will
take place later in the year. The drill has been moved to the
Angostura target where drilling has commenced and once an initial
phase of drilling is complete, the rig will be moved to the Zapote
target area. The Company is planning to expand its exploration and
drill programs considerably once it receives additional permits
that are anticipated in Q3 and Q4 of this year.
President and CEO Ivan Bebek
states: "The El Barqueno project continues to deliver impressive
grade and widths of mineralization throughout multiple identified
targets which are being tested from surface. We believe that Cayden
has the potential to discover a new gold-copper district in a
highly favorable jurisdiction in Mexico. The second half of this year will be
exciting for shareholders as we plan to advance and drill some of
our highest priority targets."
About Cayden Resources - Cayden is a junior mining
company focused on delivering shareholder value through the
acquisition, exploration and development of precious metal projects
in Mexico. The management team at
Cayden is highly experienced with an impressive track record of
success in the discovery, development and financing of mineral
projects. Cayden is also strongly committed to the highest
standards for environmental management, social responsibility,
health and safety for its employees and neighboring communities.
Cayden trades on the TSX Venture Exchange under the symbol "CYD"
and under CDKNF on the OTCQX Exchange.
For more information on
Cayden Resources, please visit our website at
www.caydenresources.com
Qualified Person - David
Hladky, P. Geo. is the Qualified Person with respect to NI
43-101 at Barqueño. All core from this release is drilled at HQ
diameter and is sawed or split into equal halves on site. All
samples are assayed using standard 30 gram fire assay with atomic
absorption finish by Acme Labs in Vancouver, Ca. QA/QC programs using internal
standard samples, field and lab duplicates, re-assays, and blanks
indicate good accuracy and precision in a large majority of
standards assayed. As the mapped mineralized corridors strike EW to
ENE, the drill holes were designed to have azimuths perpendicular
or as close to perpendicular to the strike as the permitted pads
would allow. As this is the first drill program by Cayden at Peña
de Oro, the dips of the main
structure are not entirely known but are believed to dip steeply to
moderately to the south based on mapping and historical work, and
thus the intercepts are estimated to represent 60-90% of the true
width. Intercepts were calculated assuming a bulk-mining scenario.
No intercepts were reported that averaged less than 0.5 g/t Au
and/or 0.2 % Cu and no intercepts have more than six consecutive
meters of less than 0.2 g/t and/or 0.2% Cu, or begin or end with
values less than 0.2 g/t and/or 0.2% Cu.
SOURCE Cayden Resources Inc.