Another report today by CYD giving good assays and permit update.
CAYDEN DRILLS 9 METERS OF 7.6 G/T GOLD AT ANGOSTURA AND EXTENDS MINERALIZED STRIKE LENGTH TO 700 METERS
Cayden Resources Inc. has released additional drill results from Angostura, the third of eight priority targets being tested at the company's El Barqueno 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.
New drill results from the Angostura target at El Barqueno 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