Cayden Resources Inc. (CYD-V) June 6, '14 is pleased to announce that it has received results from its ongoing surface exploration program at the company's El Barqueño 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
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 Peña 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 Peña 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 Barqueño 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. |
