VANCOUVER, July 22, 2014 /PRNewswire/ - Cayden Resources
Inc. (TSX.V:CYD, OTCQX:CDKNF) ("Cayden" or the
"Company") is pleased to announce additional drill results
from Angostura, the third of nine
priority targets being tested at the Company's El Barqueno Gold
project located in Jalisco State, Mexico.
Highlights include 8
meters of 16.1 g/t Au including 2.0 meters of 41.9 g/t Au in hole
91 and 55 meters of 0.92 g/t Au and 0.30% Cu in hole 86.
Table 1 - New Drill results from the Angostura target at El Barqueno:
| Hole ID |
From |
To |
Width |
Au (g/t) |
Ag (g/t) |
Cu (%) |
| BDD0084 |
44 |
56 |
12 |
2.78 |
8.2 |
0.20 |
| BDD0085 |
previously
released |
| BDD0086 |
89 |
144 |
55 |
0.92 |
12.9 |
0.30 |
| including |
133 |
134 |
1 |
17.40 |
29.3 |
0.06 |
| BDD0087 |
5 |
33 |
28 |
0.90 |
6.2 |
0.21 |
| BDD0088 |
lost hole in hanging
wall fault |
| BDD0089 |
lost hole in hanging
wall fault |
| BDD0090 |
43 |
56 |
13 |
0.76 |
14.4 |
0.42 |
| BDD0091 |
37 |
45 |
8 |
16.14 |
14.5 |
0.21 |
| including |
39 |
41 |
2 |
41.85 |
28.1 |
0.30 |
| including |
43 |
45 |
2 |
21.15 |
15.7 |
0.18 |
The latest results at Angostura
which is a parallel structure 1km NW of the Azteca target includes
a drill hole intercept with "grade times width" of +100 g/t meter
gold. This makes Angostura the
third target to deliver a +100 g/t meter intercept. Cayden is
continuing to drill the Angostura
structure and there are currently six additional holes pending
assays (Please see Figure 1 below or www.caydenresources.com for a
drill location map and Figure 2 for a cross-section).
President and CEO Ivan Bebek
stated: "Angostura is the third
significant gold discovery at El Barqueno, where 6 additional
targets remain to be drill tested and several outcropping
mineralized areas have yet to be explored. The Company anticipates
receiving additional drill permits in the near future that will
open up all of the targets drilled to date for expansion both along
strike and at depth. The El Barqueno concessions continue to
support the potential discovery of a world class gold
district."
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. Intercepts were calculated assuming a bulk-mining scenario.
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/20140722_C8413_PHOTO_EN_42218.jpg
Image with caption: "Figure 2 - Angostura A-A' Cross Section
(CNW Group/Cayden Resources Inc.)". Image available at:
http://photos.newswire.ca/images/download/20140722_C8413_PHOTO_EN_42221.jpg
Image with caption: "Figure 3 - Angostura B-B' Cross Section
(CNW Group/Cayden Resources Inc.)". Image available at:
http://photos.newswire.ca/images/download/20140722_C8413_PHOTO_EN_42222.jpg