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Bullboard - Stock Discussion Forum Cayden Resources Inc CDKNF

GREY:CDKNF - Post Discussion

Cayden Resources Inc > Further from M&A
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Post by HHAPPY on May 24, 2013 5:02am

Further from M&A

El Barqueño Exploration Results
At El Barqueño, an extensive program of soil, trench sampling, detailed mapping and data compilation has
been underway since the start of 2013 with several results pending.
Preliminary detailed mapping results show the strong potential for multiple mineralized areas over an 8km
trend extending from the Azteca zone all the way through to the Peña De Oro zone (please visit our website
A first phase core drill program, consisting of approximately 5,000 meters, will test the Azteca zone as well
as a newly identified east-west oriented structure and alteration zones to the south of this trend. This
program is expected to commence in June of 2013 once drilling permits have been successfully attained.

Wildcat Mineral Property, British Columbia

As of December 31, 2012, the Company has ceased all activity on the project while it evaluates its
strategic alternatives. Included in the results of operations for the current period is an impairment charge of
$797,974 to write-off the capitalized acquisition, exploration and evaluation expenditures.
Obviously 2 projects gone but 2 others progressing well. By industry standards a very good result.
Comment by goldpolka on May 29, 2013 7:01am
I also see that the company made a net $2m (after all operating expenses, taxes) in the last quarter.  Nice.   Balance sheet in very good shape to fund the company's drilling programs.  Just have to wait for continuing good results.
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