VANCOUVER, March 6, 2014 /CNW/ - Cayden Resources Inc. (TSX.V:CYD, OTCQX: CDKNF) ("Cayden" or the "Company") is pleased to announce that it has received drilling permits for the
Peña de Oro target located within the companies 100% optioned El
Barqueño Concessions in Jalisco State, Mexico where drilling will
The Peña de Oro target is the most advanced of the 8 targets that Cayden
plans to drill in the next 18 months. The Company considers this target
to be high priority based on the 2013 surface trenching results. The
results of the surface exploration program confirmed and extended the
strike length of the higher-grade gold mineralization to at least 900
meters, which remains open in both directions along strike and at
"The Peña de Oro target is one of the most prospective targets on the El
Barqueño concession due to the overall width and intensity of the
hydrothermal alteration; the multiphase quartz-adularia-hematite
veining, brecciation, and the extensive boiling-related textures. Some
of the highest grades we have seen in trenches to date are from this
target." stated Dan McCoy, Chief Geologist for Cayden Resources.
The initial phase of drilling at Peña de Oro will consist of
approximately 5,000 meters in 25 holes. Cayden is waiting for
additional permits to drill the Angostura and Zapote targets where the
Company recently released prospective trench results (see news release
dated February 4, 2014). In addition to these 4 targets, 5 additional
targets are being advanced to a drill ready state through further
surface sampling, trenching and road building. Cayden expects to
commence resource delineation on at least 4 of 9 identified targets in
President and CEO, Ivan Bebek, stated " We are very excited to commence
drilling at the Peña de Oro target as it has demonstrated some of the
highest grade trenches on the property to date and has the potential
for a second significant discovery on our El Barqueño concessions. We
are also well into the process of obtaining additional permits which
will allow us to conduct exploration in the multiple target areas yet
to be fully drilled by our technical team".
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 "CDKNF" on the OTCQX.
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