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 |
ANGOSTURA |
|
|
|
|
|
|
|
AN001 |
0 |
4 |
4 |
2.93 |
8 |
0.05 |
Open |
AN002 |
10 |
15 |
5 |
1.41 |
4 |
0.18 |
Open |
AN008 |
7 |
10 |
3 |
1.17 |
5 |
0.07 |
|
|
16 |
18 |
2 |
1.16 |
4 |
0.09 |
|
|
25 |
36 |
11 |
1.47 |
10 |
0.20 |
|
AN009 |
29 |
46 |
17 |
3.18 |
9 |
0.05 |
Open |
Including |
30 |
31 |
1 |
10.8 |
9 |
0.04 |
|
AN010 |
0 |
13 |
13 |
3.56 |
18 |
0.16 |
Open |
AN010 |
17 |
25 |
8 |
2.73 |
10 |
0.09 |
Open |
AN012 |
0 |
10 |
10 |
0.63 |
7 |
0.10 |
Open |
AN030 |
0 |
14 |
14 |
2.18 |
19 |
0.11 |
Open |
AN043 |
0 |
5 |
5 |
1.84 |
5 |
0.09 |
Open |
ZAPOTE |
|
|
|
|
|
|
|
ZP016 |
16 |
20 |
4 |
0.85 |
4 |
0.13 |
Open |
|
|
|
|
|
|
|
|
ZP030 |
12 |
19 |
7 |
2.39 |
10 |
0.11 |
|
Including |
14 |
15 |
1 |
11.50 |
28 |
0.13 |
|
ZP031 |
14 |
18 |
4 |
5.45 |
32 |
0.16 |
Open |
including |
17 |
18 |
1 |
13.40 |
80 |
0.26 |
|
ZP032 |
0 |
12 |
12 |
0.83 |
5 |
0.20 |
Open |
ZP037 |
7 |
11 |
4 |
5.58 |
11 |
0.21 |
Open |
ZP047 |
17 |
25 |
8 |
1.47 |
2 |
0.03 |
Open |
ZP050 |
1 |
10 |
9 |
0.47 |
1 |
0.05 |
Open |
ZP051 |
1 |
13 |
12 |
2.24 |
11 |
0.21 |
Open |
ZP052 |
5 |
13 |
8 |
0.65 |
6 |
0.19 |
Open |
PONCHO WEST |
|
|
|
|
|
|
PN002 |
23 |
35 |
12 |
0.53 |
3 |
0.12 |
|
PN003 |
5 |
9 |
4 |
1.39 |
8 |
0.16 |
|
PN005 |
60 |
63 |
3 |
1.31 |
12 |
0.20 |
|
PN014 |
4 |
13 |
9 |
0.76 |
1 |
0.02 |
Open |
PN018 |
2 |
11 |
9 |
1.11 |
24 |
0.46 |
Open |
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.