Press release from Marketwire
Cayden Samples 91m of 2.9 g/t Gold at El Barqueno
Friday, May 10, 2013
Cayden Samples 91m of 2.9 g/t Gold at El Barqueno09:27 EDT Friday, May 10, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 10, 2013) - Cayden Resources Inc. (TSX VENTURE:CYD)(PINKSHEETS:CDKNF) ("Cayden" or the "Company") is pleased to announce that it has received initial gold values from its ongoing trenching programs at the El Barqueño property located in Jalisco State, Mexico. Highlights include 91 meters of 2.9 g/t Au, 40 meters of 1.8 g/t Au, 3 meters of 7.9 g/t Au and 10 meters of 2.1 g/t.
Trenches were taken in one of the multiple areas where wide zones of hydrothermal alteration and network quartz veins that occur at surface. The total strike length of mineralization revealed by the assayed trenches is 1.3 kilometers and the system is open to the northeast where additional trenches are awaiting assay (please see Figure 1 - El Barqueño Trench Map at: www.caydenresources.com/images/NR_ElBarque%C3%B1o_Samples_2013.jpg). Assays revealed that many of the trenches contain gold in both the veins and the wall rock with many of the trenches ending in mineralization.
|Table 1. Trench results from the Azteca Area at El Barqueño:
Cayden's technical team has mapped strong alteration and prospective lithology over various targets along 8 kilometers of strike length between the Azteca and Pena De Oro target areas. The team also identified multiple occurrences of parallel zones to the south where we are conducting more sampling programs.
Cayden will be commencing a 5,000-meter drill program shortly to test the depth and extension of the impressive mineralization.
Dan McCoy, PhD. Chief Geologist commented, "These results are impressive, as we have only sampled a small part of the areas where epithermal style veins and alteration occur. We believe that we are in the early stages of discovering a district-sized gold system with the potential to host significant gold resources."
David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at El Barqueño. All trench samples are obtained from continuous channel sampling at one to three meter intervals. 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. The Company has not yet determined the true width for each trench but based on work by previous operators, believes that the true widths are between 40 and 100 percent of the trenched widths.
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, 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.
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.
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Cayden Resources Inc.
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