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Cayden drills 9 meters of 7.6 g/t gold at Angostura and extends mineralized strike length to 700 meters

10.09.2014  |  CNW
VANCOUVER, Sept. 10, 2014 /CNW/ - Cayden Resources Inc. (TSX.V:CYD, OTCQX:CDKNF) ("Cayden" or the "Company") is pleased to announce additional drill results from Angostura, the third of eight priority targets being tested at the Company's El Barqueño Gold project in Jalisco, Mexico.

Highlights include 9 meters of 7.67 g/t Au including 2.0 meters of 28 g/t Au in hole 96 and 10 meters of 1.49 g/t Au in hole 92.


Table 1 – New drill results from the Angostura target at El Barqueño

Hole ID

From

To

Width*

Au g/t

Ag g/t

Cu %

BDD0092

36

46

10

1.49

6.3

0.09

BDD0095

Drill hole missed structure

BDD0096

74

83

9

7.67

6.7

0.11

including

80

82

2

28.00

21.65

0.10

BDD0096

95

99

4

0.53

7.6

0.06

BDD0096

117

124

7

1.03

4.3

0.05

BDD0097

42

60

18

0.38

12.4

0.21

BDD0098

Drill hole lost prior to hitting structure

BDD0099

72

74

2

0.99

7.55

0.07

BDD0099

103

109

6

0.35

7.9

0.38

BDD0100

107

119

12

0.14

12.5

0.3

BDD0101

60

61

1

1.47

4.3

0.11

BDD0101

70

95

25

0.18

10.9

0.27

BDD0102

65

82

17

0.31

15.7

0.44


* intercepts are estimated to represent 30-90% of the true width


Hole 96 is the most western hole drilled to date at Angostura. This hole is significant as it intersected mineralization in the host andesite rock beneath a post-mineral basalt cap. Hole 92 is our most eastern hole and extends the strike length at Angostura to approximately 700 meters, The strike length remains open in both directions. Cayden is continuing to drill the Angostura target with five holes currently pending assay (Please see Figure 1 below or www.caydenresources.com for a drill location map).


President and CEO Ivan Bebek stated:

"We are pleased to see Angostura developing into the third potential gold target at El Barqueno. The mineralization discovered under post mineral rock is significant for extending the strike length of Angostura and for the further discovery potential of hidden targets throughout the property. The El Barqueno project results continue to support the potential discovery of a world class gold district."

In August of 2014, the Company received the first of two required "change of land-use" permits that will provide further access to new and existing outcropping mineralized areas throughout the concessions. The Company expects to receive the second of these permits this fall enabling the commencement of additional planned work programs.


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 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. 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.



Contact

Cayden Resources Inc.
Ivan Bebek, President, CEO and Director
Phone: 778.729.0600, Toll: 800.863.3655
info@caydenresources.com
www.caydenresources.com
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