Cayden Commences Drilling at the La Magnetita East Target
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/25/12 -- Cayden Resources Inc. (TSX VENTURE: CYD) ("Cayden" or the "Company") is pleased to announce that it has commenced drilling on its La Magnetita East target at the Morelos Sur Gold property, Guerrero State, Mexico. The drilling will initially consist of 4,000 to 5,000 meters of core drilling in order to test the highly mineralized four square kilometer heart of the +500 ppb gold in soil anomaly.
The Company has also received additional rock and mapping results from the La Magnetita East area which include over twenty new bedrock samples that returned assays as high as 9.4 g/t Au and 982 g/t Ag in areas with strong quartz and jasperoid veining.
At Cayden's El Barqueno project, the VTEM airborne geophysical survey program is underway in addition to extensive surface programs.
Chief Geologist Dan McCoy states: "We are very impressed with the coincident results of the geologic mapping, rock samples and the highly prospective nature of the strongly anomalous multi-element soil anomaly at our La Magnetita East target. The strength of the soil and rock values as well as the presence of the right kinds of lithology and alteration are very encouraging as we believe that this is one of the best undrilled targets we have seen on our property to date. We are very excited for commencement of the core drilling program."
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 located in North America. 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, and 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.
Qualified Person - David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at the Morelos Sur Gold project. Quality Assurance and Control - All rock samples are representatively sampled from in situ bedrock or rubble crop in the field and kept in locked warehouse until collected by the assay lab. All samples are assayed for Au using standard 30-gram fire assay with atomic absorption finish. All other elements are analyzed using ICP techniques. Assaying is completed 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.
Forward Looking and other Cautionary Information - This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Cayden Resources Inc.
778.729.0600
Toll Free: 800.863.8655
604.683.8194 (FAX)
info@caydenresources.com
www.caydenresources.com