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.
Image with caption: "Figure 1 - Angostura Drill Results Map (CNW Group/Cayden Resources Inc.)". Image available at: http://photos.newswire.ca/images/download/20140910_C2565_PHOTO_EN_5488.jpg
Ivan Bebek, President, CEO and Director, Phone: 778.729.0600, Toll: 800.863.3655, info@caydenresources.com, www.caydenresources.comCopyright CNW Group 2014