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RIZAL RESOURCES CORPORATION V.RZL.H

Rizal Resources Corp is engaged in the exploration of natural resource properties located in the Philippines. Its properties include T'Boli Gold Mine Project, Batoto Gold Project, and Comval Copper-Gold Project. It operates through resource property exploration segment. It is focused on the development, exploration and production activities at the T'Boli gold-silver mine. Its material mineral properties are the T'Boli gold-silver deposit, the Batoto-Tarale gold prospect, and the Comval...


TSXV:RZL.H - Post by User

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Comment by Dutchmastahon Jul 26, 2012 10:08am
234 Views
Post# 20154141

RE: News on Kitco

RE: News on Kitco

Cayden Intercepts 20 Meters Of 6.39 G/T Gold In New Trench At La Magnetita

Vancouver, British Columbia – July 26th, 2012Cayden Resources Inc. (TSX.V:CYD) (“Cayden” or the “Company”) is pleased to announce that it has sampled high grade gold values in a new trench from it’s La Magnetita target in the 100% owned Morelos Sur Gold project located in central Guerrero State, Mexico. Highlights include 20 meters of 6.39 g/t Au including 6 meters of 14.4 g/t Au. Also, further along the trench, Cayden intercepted 27 meters of 0.48 g/t Au, and 17 meters of 0.62 g/t Au (please see www.caydenresources.com for a location map and previous news releases for locations of other trenches from the current program) These intercepts are located in the western portion of the 7.3 square kilometer gold in soil anomaly outlined earlier this year (see NR dated July 4, 2012). Cayden has begun drilling one of the western anomaly targets (seen NR dated June 6th) and is currently awaiting results. Extensive, additional trench samples from both the eastern and western anomaly targets have been completed and are pending assay.

Cayden’s President and CEO Ivan Bebek commented: “We continue to be very excited about these indications of high grade results from the La Magnetita trenches and we look forward to testing the depth extensions with our current drill program. While drilling the western portion of the La Magnetita anomaly we are completing extensive trenching and surface exploration on the eastern portion of the significant La Magnetita anomaly where we expect results shortly.”

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