VANCOUVER, Sept. 10, 2014 /CNW/ - Cayden Resources Inc.
(TSX.V:CYD, OTCQX:CDKNF) ("Cayden" or the
"Company") is pleased to announce additional drill results
from Angostura, the third of eight
priority targets being tested at the Company's El Barqueño Gold
project in Jalisco, Mexico.
Highlights include 9 meters of 7.67 g/t Au including 2.0 meters
of 28 g/t Au in hole 96 and 10 meters of 1.49 g/t Au in hole
92.
Table 1 – New drill results from the Angostura target at El Barqueño
Hole ID
|
From
|
To
|
Width*
|
Au g/t
|
Ag g/t
|
Cu %
|
BDD0092
|
36
|
46
|
10
|
1.49
|
6.3
|
0.09
|
BDD0095
|
Drill hole missed
structure
|
BDD0096
|
74
|
83
|
9
|
7.67
|
6.7
|
0.11
|
including
|
80
|
82
|
2
|
28.00
|
21.65
|
0.10
|
BDD0096
|
95
|
99
|
4
|
0.53
|
7.6
|
0.06
|
BDD0096
|
117
|
124
|
7
|
1.03
|
4.3
|
0.05
|
BDD0097
|
42
|
60
|
18
|
0.38
|
12.4
|
0.21
|
BDD0098
|
Drill hole lost prior
to hitting structure
|
BDD0099
|
72
|
74
|
2
|
0.99
|
7.55
|
0.07
|
BDD0099
|
103
|
109
|
6
|
0.35
|
7.9
|
0.38
|
BDD0100
|
107
|
119
|
12
|
0.14
|
12.5
|
0.3
|
BDD0101
|
60
|
61
|
1
|
1.47
|
4.3
|
0.11
|
BDD0101
|
70
|
95
|
25
|
0.18
|
10.9
|
0.27
|
BDD0102
|
65
|
82
|
17
|
0.31
|
15.7
|
0.44
|
* intercepts are estimated to represent 30-90% of the true
width
Hole 96 is the most western hole drilled to date at Angostura. This hole is significant as it
intersected mineralization in the host andesite rock beneath a
post-mineral basalt cap. Hole 92 is our most eastern hole and
extends the strike length at Angostura to approximately 700 meters, The
strike length remains open in both directions. Cayden is continuing
to drill the Angostura target with
five holes currently pending assay (Please see Figure 1 below or
www.caydenresources.com for a drill location map).
President and CEO Ivan Bebek
stated:
"We are pleased to see Angostura developing into the third potential
gold target at El Barqueno. The mineralization discovered under
post mineral rock is significant for extending the strike length of
Angostura and for the further
discovery potential of hidden targets throughout the property. The
El Barqueno project results continue to support the potential
discovery of a world class gold district."
In August of 2014, the Company received the first of two
required "change of land-use" permits that will provide further
access to new and existing outcropping mineralized areas throughout
the concessions. The Company expects to receive the second of these
permits this fall enabling the commencement of additional planned
work programs.
On Behalf of the Board, Ivan
Bebek, President and CEO
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, 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 drill core from this release is drilled at
PQ3 or HQ3 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
Angostura, 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 30-90% of the true
width. 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 Au and/or 0.2% Cu, or begin or end with
values less than 0.2 g/t Au and/or 0.2% Cu.
SOURCE Cayden Resources Inc.