Cayden samples high-grade trenches at El Barqueño in three new target areas
VANCOUVER, Feb. 4, 2014 /CNW/ - Cayden Resources Inc. (TSX.V:CYD) ("Cayden" or the "Company") is pleased to announce that it has received results from its ongoing surface exploration program at its El Barqueño property located in Jalisco State, Mexico. The trenches are from the Angostura, Poncho West and Zapote target areas. Highlights include 17 meters of 3.18 g/t Au,13 meters of 3.56 g/t Au,14 meters of 2.18, and 4 meters of 5.58 g/t Au (please see Table 1 for a full presentation of results).
The Angostura target is a mineralized zone with outcropping mineralized epithermal veins located 800 meters north of and parallel to the Azteca area that is currently being drilled.
The Zapote target is north-east of the Azteca target and extends the length of the Azteca mineralization by an additional 1 km and is still open along strike.
The Poncho West target is 1 km south-east of the Azteca target and although mapping is in the preliminary stage, together with Poncho East, it is part of a 6 km long soil anomaly where Cayden has obtained some of its highest grade soil results to date.
(To view maps visit www.caydenresources.com)
The trenches were taken along pre-existing cuts as well as from hand dug trenches in previously disturbed areas with anomalous soils, and are generally believed to be perpendicular to the suspected zones of mineralization. The trenches targeted areas where outcropping rock occur at surface and several of the trenches ended in mineralization, suggesting the potential for the intercepts to be considered open.
Table 1. Significant trench results from El Barqueño (only those perpendicular to strike are shown)
|Trench||From||To||Width (m)||Au (g/t)||Ag (g/t)||Cu (%)||Status|
Ivan Bebek, President and CEO commented, "We are very pleased to see the abundance of high-grade gold and respectable widths of prospective gold mineralization occurring in trenches from multiple new target areas. The surface results taken by Cayden's technical team to date further support the potential for the El Barqueño concessions to host multiple open pit gold deposits."
On Behalf of the Board, Ivan Bebek, President and CEO
David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at El Barqueño. All trench intercepts were obtained from continuous channel sampling at one-meter intervals, through road cuts, trenches and bench cuts excavated by previous operators, and in hand dug trenches. 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 wider intercepts have, at maximum, five consecutive meters less than 0.2 g/t at which time two intercepts were composited. Any intercepts that are bound by less than five meters of less than 0.2 g/t at the beginning and end of the trench length are considered open. 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". 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.For further information:
Ivan Bebek, President, CEO and Director