VANCOUVER, June 6, 2014 /PRNewswire/ - Cayden Resources
Inc. (TSX.V:CYD, OTCQX:CDKNF) ("Cayden" or the
"Company") is pleased to announce that it has received
results from its ongoing surface exploration program at the
company's El Barqueno gold property in Jalisco State, Mexico. The channel and grab samples were
taken from exposed bedrock in the Poncho East and newly identified
Azteca North target areas.
The bedrock channel samples at Poncho East are highly anomalous
in gold with assay results as high as 120 g/t Au. These results
were collected along a mineralized trend representing 800 meters of
strike length that is open in both directions. Poncho East is our
largest untested target which is 5.8 square kilometers in size
where our technical team has mapped extensive epithermal veining
coincident with anomalous soils and a large geophysical anomaly.
The samples were taken from exposed creek outcrops and around
historical workings (please see Figure 1 below or
caydenresources.com for location and results map).
Azteca North
Cayden has received channel samples from parallel mineralized
structures that lie to the northwest of the Azteca target area
where the Company completed a successful drill program earlier this
year. The new area, named Azteca
North, has exposed mineralization as a result of historic
trenches and road cuts where mineralized rock outcrops occur.
Highlights from this sampling program include 12 meters of 1.87 g/t
Au, 7 meters of 2.54 g/t Au and 3 m of 2.67 g/t Au (please see
Figure 2 below or caydenresources.com for location and results
map).
Permit Update
Cayden has recently obtained an additional permit that enables
the Company to commence initial drilling of the Angostura and Zapote targets where additional permits are in
process that will provide further access to Pena de Oro,
Angostura and the Zapote target areas. The Company is also
undertaking an MIA permit application that will allow complete road
and drill site access to 8 of Cayden's 9 high priority targets.
Drill update
The company has drilled a total of 41 holes at Pena de Oro
with only 16 released to date, several results are pending and will
be released once received.
Ivan Bebek, President and CEO
commented, "The Barqueno gold system is impressive both in grade of
gold being discovered from surface and also the potential volume of
mineralization occurring throughout the targets tested to date. We
are looking forward to the pending results from our current drill
program as well as receiving additional permits that are in
process."
David Hladky, P. Geo. is the
Qualified Person with respect to NI 43-101 at El Barqueño. All
channel intercepts were obtained from continuous channel sampling
at one-meter intervals, through road cuts, trenches and bench cuts
excavated by previous operators, and from outcrops. The Company
attempted to channel sample in a NS to NW direction: as the mapped
mineralized corridors strike EW to ENE, the Company believes that
the trench intercepts represent 70-100 percent of the true width.
The channel samples are designated on the figures in meter lengths.
Grab samples are of outcrop and do not have a fixed size. 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.
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 Resources, please visit our website at
www.caydenresources.com
Forward Looking and other Cautionary Information -
Neither the TSX Venture Exchange nor any other regulatory authority
accepts responsibility for the adequacy or accuracy of this
release. This release includes certain statements that may be
deemed "forward-looking statements". Forward-looking information is
information that includes implied future performance and/or
forecast information including information relating to, or
associated with, exploration and or development of mineral
properties. These statements or graphical information involve known
and unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements of the Company to be
materially different (either positively or negatively) from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Investors should review the
Company's AIF which is available at www.sedar.com
SOURCE Cayden Resources Inc.