VANCOUVER, June 26, 2014 /CNW/ - Cayden Resources Inc.
(TSX.V:CYD, OTCQX:CDKNF) ("Cayden" or the
"Company") is pleased to announce results for 11 additional
drill holes from the Pena de Oro
target ("Pena") at the Company's El Barqueno Gold Property in
Jalisco State, Mexico.
Highlights include 45 meters of
4.06 g/t Au with 0.39% Cu in hole 76, 19 meters of 4.98 g/t Au with
0.26% Cu in hole 80, 20 meters of 2.58 g/t Au with 0.36% Cu in hole
73 and 30 meters of 1.70 g/t Au with 0.88% Cu in hole 78.
Table 1 – New Drill results from the Pena de Oro target at El Barqueno:
Hole ID
|
From
|
To
|
Width
|
Au (g/t)
|
Ag (g/t)
|
Cu %
|
BDD0066
|
93
|
100
|
7
|
0.07
|
1.6
|
0.25
|
BDD0073
|
102
|
106
|
4
|
1.22
|
2.8
|
0.35
|
BDD0073
|
130
|
150
|
20
|
2.58
|
3.6
|
0.36
|
BDD0074
|
141
|
146
|
5
|
0.08
|
2.3
|
0.53
|
BDD0074
|
213
|
226
|
13
|
0.44
|
5.8
|
0.46
|
BDD0074
|
236
|
251
|
15
|
0.26
|
7.3
|
0.76
|
BDD0075
|
91
|
142
|
51
|
0.71
|
3.3
|
0.38
|
BDD0075
|
150
|
165
|
15
|
0.53
|
2.2
|
0.23
|
BDD0076
|
59
|
104
|
45
|
4.06
|
8.3
|
0.39
|
including
|
99
|
101
|
2
|
63.25
|
119.4
|
2.21
|
including
|
103
|
104
|
1
|
13.9
|
14.7
|
0.99
|
BDD0077
|
72
|
100
|
28
|
0.97
|
2.9
|
0.40
|
BDD0078
|
56
|
86
|
30
|
1.7
|
2.9
|
0.88
|
BDD0079
|
23
|
27
|
4
|
0.87
|
0.8
|
0.07
|
BDD0079
|
39
|
53
|
14
|
0.6
|
2.1
|
0.13
|
BDD0080
|
20
|
25
|
5
|
0.61
|
0.4
|
0.03
|
BDD0080
|
45
|
64
|
19
|
4.98
|
3.5
|
0.26
|
including
|
61
|
62
|
1
|
17.2
|
12.8
|
1.45
|
BDD0081
|
37
|
42
|
5
|
0.43
|
2.4
|
0.4
|
BDD0081
|
92
|
95
|
3
|
0.69
|
20.6
|
0.26
|
BDD0081
|
107
|
128
|
21
|
0.07
|
3.4
|
0.43
|
BDD0082
|
92
|
108
|
16
|
2.37
|
5.7
|
0.63
|
The 41 holes released to date at Pena de Oro have only partially tested one of three
mineralized structures identified within the target area. These
results have increased the maximum vertical depth tested to 200
meters; the structure remains open at depth and along strike in
both directions. Once additional permits are received (currently in
process), an aggressive second phase of drilling will target the
open strike length and depth extensions throughout the Pena de
Oro area. (Please see Figure 1
below or www.caydenresources.com for a drill location map and
Figure 2 / 3 for a cross-section)
Cayden is now drilling its initial exploration holes at the
Angostura target. Once completed, the drill will move to the
Zapote target.
The El Barqueno concessions contain multiple, strong, widespread
mineralized systems, some with kilometers of strike length. In
preparation for an expansive exploration drill program planned for
this fall, CSAMT and gradient array geophysical programs are
currently underway over the Azteca, Pena de Oro, Zapote and Angostura target areas.
President and CEO Ivan Bebek
states: "Pena de Oro has delivered
the highest gram-meter intercept to date, demonstrating what the
mineralized systems at El Barqueno are capable of delivering.
We have a lot more to explore in all of our targets and are
looking forward to an exciting year of aggressive exploration in
what we believe is becoming a major gold and copper discovery."
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 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.