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 (%)|
|BDD0088||lost hole in hanging wall fault|
|BDD0089||lost hole in hanging wall fault|
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