Cayden samples high gold values at El Barqueno and receives IP permits for additional drilling - KMPH FOX 26 | Central San Joaquin Valley News Source

Cayden samples high gold values at El Barqueno and receives IP permits for additional drilling

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Cayden Resources Inc.

VANCOUVER, June 6, 2014 /PRNewswire/ - Cayden Resources Inc. (TSX.V:CYD, OTCQX:CDKNF) ("Cayden" or the "Company") is pleased to announce that it has received results from its ongoing surface exploration program at the company's El Barqueno gold property in Jalisco State, Mexico. The channel and grab samples were taken from exposed bedrock in the Poncho East and newly identified Azteca North target areas.

The bedrock channel samples at Poncho East are highly anomalous in gold with assay results as high as 120 g/t Au. These results were collected along a mineralized trend representing 800 meters of strike length that is open in both directions. Poncho East is our largest untested target which is 5.8 square kilometers in size where our technical team has mapped extensive epithermal veining coincident with anomalous soils and a large geophysical anomaly. The samples were taken from exposed creek outcrops and around historical workings (please see Figure 1 below or caydenresources.com for location and results map). 

Azteca North

Cayden has received channel samples from parallel mineralized structures that lie to the northwest of the Azteca target area where the Company completed a successful drill program earlier this year.  The new area, named Azteca North, has exposed mineralization as a result of historic trenches and road cuts where mineralized rock outcrops occur. Highlights from this sampling program include 12 meters of 1.87 g/t Au, 7 meters of 2.54 g/t Au and 3 m of 2.67 g/t Au (please see Figure 2 below or caydenresources.com for location and results map).

Permit Update

Cayden has recently obtained an additional permit that enables the Company to commence initial drilling of the Angostura and Zapote targets where additional permits are in process that will provide further access to Pena de Oro, Angostura and the Zapote target areas. The Company is also undertaking an MIA permit application that will allow complete road and drill site access to 8 of Cayden's 9 high priority targets.

Drill update

The company has drilled a total of 41 holes at Pena de Oro with only 16 released to date, several results are pending and will be released once received.

Ivan Bebek, President and CEO commented, "The Barqueno gold system is impressive both in grade of gold being discovered from surface and also the potential volume of mineralization occurring throughout the targets tested to date. We are looking forward to the pending results from our current drill program as well as receiving additional permits that are in process."

David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at El Barqueño. All channel intercepts were obtained from continuous channel sampling at one-meter intervals, through road cuts, trenches and bench cuts excavated by previous operators, and from outcrops. The Company attempted to channel sample in a NS to NW direction: 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 channel samples are designated on the figures in meter lengths. Grab samples are of outcrop and do not have a fixed size.  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" and under "CDKNF" on the OTCQX Exchange. 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

©2012 PR Newswire. All Rights Reserved.

  • Local NewsLocal NewsMore>>

  • Wildfire Near Yosemite Grows to 2,600 Acres, No Containment

    Wildfire Near Yosemite Grows to 2,600 Acres, No Containment

    Firefighters will be working through the night, and into the morning, to gain control of a wildfire that is burning near Yosemite National Park for a second night.The El Portal Fire now covers 2,632 acres.Close to 600 firefighters are on site—and more are expected to arrive overnight.A stretch of Highway 120 remains closed from Crane Flat to the 120/140 Junction.Smoke from the fire, is now creeping into Yosemite Valley."You can barely make out El Capitan," said Ryan Green, who stopped at the ...More >>
    Firefighters will be working through the night, and into the morning, to gain control of a wildfire that is burning near Yosemite National Park for a second night.The El Portal Fire now covers 2,632 acres.Close to 600 firefighters are on site—and more are expected to arrive overnight.A stretch of Highway 120 remains closed from Crane Flat to the 120/140 Junction.Smoke from the fire, is now creeping into Yosemite Valley."You can barely make out El Capitan," said Ryan Green, who stopped at the ...More >>
  • Wildfire Near Yosemite Balloons to 2,100 Acres, Forces Road Closures

    Wildfire Near Yosemite Balloons to 2,100 Acres, Forces Road Closures

    A fire is burning near Yosemite National Park right now, threatening homes and forcing road closures.The fire started Saturday around 4:30 p.m. and now covers 500 acres.It is burning in the Merced Canyon, and has been named the “El Portal Fire.”The U.S. Forest Service reports that six homes have been evacuated, but more evacuations have been ordered to the town of Foresta, east of El Portal.The fire is moving in a North and East direction.So far, it has ordered the closure of Highway 120, bet...More >>
    A fire is burning near Yosemite National Park right now, threatening homes and forcing road closures.The fire started Saturday around 4:30 p.m. and now covers 500 acres.It is burning in the Merced Canyon, and has been named the “El Portal Fire.”The U.S. Forest Service reports that six homes have been evacuated, but more evacuations have been ordered to the town of Foresta, east of El Portal.The fire is moving in a North and East direction.So far, it has ordered the closure of Highway 120, bet...More >>
  • Clovis Police Van Recovered, Man Under Arrest

    Clovis Police Van Recovered, Man Under Arrest

    A man is now under arrest after Clovis Police say he stole one of the department’s vans Saturday night, and abandoned it a short time later. Police say the man took off around 9:00 p.m., and dumped it a short time later in the area of Ashlan and Thompson.So far, no details have been released on how the vehicle was taken.For the following hour, police canvassed a large area, from Ashlan to Dakota, and Thompson to McCall.Officers caught up withthe manaround 10:30 p.p.m.aK9 officer detained the ...More >>
    A man is now under arrest after Clovis Police say he stole one of the department’s vans Saturday night, and abandoned it a short time later. Police say the man took off around 9:00 p.m., and dumped it a short time later in the area of Ashlan and Thompson.So far, no details have been released on how the vehicle was taken.For the following hour, police canvassed a large area, from Ashlan to Dakota, and Thompson to McCall.Officers caught up withthe manaround 10:30 p.p.m.aK9 officer detained the ...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.