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News: $CYD NOTICE OF ANNUAL GENERAL MEETING
SINGAPORE , May 20, 2019 /PRNEWSWIRE/ -- To all Shareholders NOTICE IS HEREBY GIVEN that the Annual General Meeting (the " Meeting ") of CHINA YUCHAI INTERNATIONAL LIMITED (the " Company ") will be held at New World Millennium Hong Kong Hotel, 72 Mody Road, Tsim Sha...
In case you are interested https://marketwirenews.com/news-releases/notice-of-annual-general-meeting-8215080.html
CDKNF / CYD (TSX Venture): company acquired or merged with Agnico. (Each Cayden shareholder will be entitled to receive 0.09 of an Agnico common share and CAD$0.01 for each common share of Cayden held.)
Finra deleted symbol.
http://otce.finra.org/DailyList
Looks like this site will be obsolete.
CYD shareholders should go to AEM C or USA
The TSX Venture Exchange has accepted for filing documentation in connection with an arrangement agreement between Cayden Resources Inc. and Agnico Eagle Mines Ltd. dated Sept. 8, 2014, pursuant to which Agnico has agreed to acquire all of the issued and outstanding common shares of Cayden, including common shares issuable under outstanding stock options and warrants. Under the agreement, each Cayden shareholder will be entitled to receive 0.09 of an Agnico common share and one cent for each common share of Cayden held.
The exchange has been advised that approval of the transaction by the Cayden shareholders was received at a special meeting of the securityholders held on Oct. 27, 2014, and that approval of the transaction was received from the Supreme Court of British Columbia on Oct. 29, 2014. The full particulars of the transaction are set forth in the Cayden information circular, dated as of Sept. 26, 2014.
In conjunction with the closing of the transaction, Cayden has requested that its common shares be delisted. Accordingly, effective at the close of business on Friday, Nov. 28, 2014, the common shares of Cayden will be delisted from the exchange.
Completion of AEM takeover of CYD
Agnico Eagle completes Cayden acquisition
Agnico Eagle Mines Ltd (C:AEM)
Shares Issued 210,091,009
Last Close 11/27/2014 $28.64
Friday November 28 2014 - News Release
Mr. Sean Boyd reports
AGNICO EAGLE COMPLETES ACQUISITION OF CAYDEN RESOURCES INC.
Agnico Eagle Mines Ltd. has completed the previously announced plan of arrangement, pursuant to which Agnico Eagle has acquired 100 per cent of the issued and outstanding common shares of Cayden Resources Inc., including common shares issuable on the exercise of outstanding options and warrants of Cayden. Cayden is now a wholly owned subsidiary of Agnico Eagle. The arrangement was approved at a special meeting held for Cayden securityholders on Oct. 27, 2014, by approximately 99 per cent of the votes cast by securityholders. Final approval for the arrangement was obtained from the Supreme Court of British Columbia on Oct. 29, 2014, and Mexican anti-trust approval was obtained on Nov. 12, 2014. As a result, Cayden's common shares will be delisted from the TSX Venture Exchange, and Agnico Eagle will apply to the relevant securities commissions for Cayden to cease to be a reporting issuer under Canadian securities laws.
"Cayden's management did a commendable job of creating shareholder value through its portfolio of Mexican properties. With the acquisition of Cayden now completed, Agnico Eagle looks forward to further advancing the El Barqueno gold project through focused exploration," said Sean Boyd, President and Chief Executive Officer of Agnico Eagle. "A $15 million exploration program is anticipated in 2015 with the intent of delineating an initial resource estimate to further enhance shareholder value," added Mr. Boyd.
Former Cayden President and CEO, Ivan Bebek commented "I would like to thank the entire Cayden team for their efforts which resulted in the favorable transaction. On behalf of the company, I would like to thank all of our shareholders who financed and supported us since the inception of Cayden and congratulate Agnico Eagle on the acquisition of Cayden and its robust projects."
The Arrangement
Under the Arrangement, each Cayden common share was exchanged for 0.09 of an Agnico Eagle share and C$0.01 in cash. Full details of the Arrangement and certain other matters are set out in the management information circular of Cayden dated September 26, 2014 (the "Information Circular"). A copy of the Information Circular can be found under Cayden's profile on SEDAR at www.sedar.com. Cayden shareholders who have questions or who may need assistance with the completion of letters of transmittal are advised to contact Computershare Investor Services Inc., the depository for the Arrangement, at: North American Toll Free: 1-800-564-6253.
Mexico approves sale of CYD to AEM
MEXICAN ANTI-TRUST APPROVAL ATTAINED FOR CAYDEN'S ARRANGEMENT WITH AGNICO EAGLE
Vancouver, British Columbia – November 13th, 2014 – Cayden Resources Inc. (TSX.V:CYD, OTCQX: CDKNF) (“Cayden” or the “Company”) is pleased to announce that Mexican anti-trust approval has been obtained for its previously announced plan of arrangement (the “Arrangement”) with Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle”) pursuant to which Agnico Eagle will acquire all of the issued and outstanding common shares of Cayden, including common shares issuable on the exercise of outstanding options and warrants of Cayden. Receipt of Mexican anti-trust approval follows approval of the Arrangement by Cayden securityholders and by the Supreme Court of British Columbia on October 27, 2014 and October 29, 2014, respectively.
Under the Arrangement, Cayden shareholders will be entitled to receive 0.09 of an Agnico Eagle share and C$0.01 for each Cayden common share held. The Arrangement remains subject to the satisfaction of certain closing conditions customary in a transaction of this nature. It is currently expected that the transaction will be completed by the end of this month.
Full details of the Arrangement and certain other matters are set out in the management information circular of Cayden dated September 26, 2014 (the “Information Circular”). A copy of the Information Circular and other meeting materials can be found on Cayden’s website at www.caydenresources.com or on SEDAR at www.sedar.com
About Cayden Resources
Cayden is a Canadian based exploration company focused on the discovery, financing, and monetization of precious metal assets in two favorable mining jurisdictions in Mexico. The management team of Cayden is highly experienced and has a record of success in the mineral exploration business. For further information regarding Cayden, contact Ivan Bebek - President and CEO, or Jay Adelaar, Manager of Investor Relations, at (778) 729-0600 or visit www.caydenresources.com
About Agnico Eagle
Agnico Eagle is a senior Canadian gold mining company that has produced precious metals since 1957. Its nine mines are located in Canada, Finland and Mexico, with exploration and development activities in each of these regions as well as in the United States. Agnico Eagle and its shareholders have full exposure to gold prices due to its long-standing policy of no forward gold sales. Agnico Eagle has declared a cash dividend every year since 1983.
Everything approved re sale of CYD to AEM
"CAYDEN SECURITYHOLDERS APPROVE ACQUISITION OF CAYDEN BY AGNICO EAGLE
Cayden Resources Inc.'s plan of arrangement, pursuant to which Agnico Eagle Mines Ltd. will acquire all of the issued and outstanding common shares of the company, including common shares issuable on the exercise of outstanding options and warrants of the company, was approved by shareholders and other securityholders of Cayden at the special meeting of Cayden securityholders held on Oct. 27, 2014. At the meeting, approximately 99.0% of the votes cast by Cayden securityholders, voting as a single class, and 98.5% of the votes cast by Cayden shareholders (excluding the votes cast by those persons whose votes were excluded pursuant to Multilateral Instrument 61-101 {A } Protection of Minority Security Holders in Special Transactions for the purposes of obtaining minority approval) were voted in favour of the Arrangement.
The Arrangement
Under the Arrangement, Cayden shareholders will be entitled to receive 0.09 of an Agnico Eagle share and C$0.01 for each Cayden common share held. Cayden is seeking a final order of the Supreme Court of British Columbia to approve the Arrangement at a hearing expected to be held on October 29, 2014. In addition to the approval of the court, the Arrangement is subject to Mexican anti-trust approval and the satisfaction of other closing conditions customary in a transaction of this nature. Cayden and Agnico Eagle are actively pursuing the receipt of Mexican anti-trust approval. It is currently expected that, subject to receipt of all approvals, the transaction will close around the end of 2014.
Full details of the Arrangement and certain other matters are set out in the management information circular of Cayden dated September 26, 2014 (the "Information Circular"). A copy of the Information Circular and other meeting materials can be found on Cayden's website at www.caydenresources.com or on SEDAR at www.sedar.com."
Important information for shareholders
"CAYDEN MAILS SPECIAL MEETING MATERIALS TO APPROVE ACQUISITION BY AGNICO EAGLE
Cayden Resources Inc. has mailed its management information circular and related proxy materials to its shareholders and other securityholders in connection with the special meeting of securityholders to be held at 10 a.m. (Vancouver time) on Oct. 27, 2014. At the Meeting, Securityholders will be asked to approve the Company's previously announced transaction with Agnico Eagle Mines Limited ("Agnico Eagle") whereby Agnico Eagle is proposing to acquire all of the issued and outstanding common shares of Cayden ("Cayden Shares") by way of a statutory plan of arrangement (the "Arrangement"). The Arrangement is being proposed under, and is subject to the terms and conditions of, an arrangement agreement dated September 8, 2014 between the Company and Agnico Eagle (the "Arrangement Agreement"). Assuming the Arrangement becomes effective, holders of Cayden Shares will receive 0.09 of a common share of Agnico Eagle and $0.01 in cash for each Cayden Share held. The Circular contains, among other things, details concerning the Arrangement, the background to and reasons for Cayden's board's favourable recommendation of the Arrangement, the requirements for the Arrangement to become effective, the procedure for receiving consideration payable under the Arrangement for Cayden Shares, procedures for voting at the Meeting and other related matters. Securityholders are urged to carefully review the Circular and accompanying materials, which includes a copy of the Arrangement Agreement, as they contain important information regarding the Arrangement and its consequences to Securityholders. A copy of the Circular is available on Cayden's website at www.caydenresources.com or on SEDAR at www.sedar.com. YOUR VOTE IS IMPORTANT. VOTE TODAY.The Board of Directors of Cayden UNANIMOUSLY recommends that Securityholdersvote FOR of the Arrangement.
How to Vote A proxy form or voting instruction form will accompany the meeting materials you receive by mail. Instructions on how to vote, which vary depending on whether you are a beneficial shareholder or a registered shareholder, optionholder or warrantholder of the Company are provided in the Circular. Most Cayden shareholders are beneficial shareholders.
Registered shareholders, optionholders and warrantholders may vote in person at the Meeting, by mail or by using one of the following methods:
Internet: vote online at www.investorvote.com using the control number located on your proxy.
Telephone: 1-866-732-VOTE(8683), toll free in Canada and United States.
Facsimile: 1-866-249-7775, toll free in Canada and United States.
Beneficial shareholders who hold Cayden Shares through a bank, broker or other intermediary will have different voting instructions and should carefully follow the voting instructions provided to them on the voting instruction form included in the meeting materials they receive.
Shareholders QuestionsSecurityholders who would like additional copies, without charge, of the Circular or have additional questions about the Arrangement, including the procedures for voting Cayden securities or completing transmittal documents, should contact their broker or the Company's Corporate Secretary, Peter Rees, at 778-729-0600 or email at peter.rees@caydenresources.com.On Behalf of the Board,
This published report may mute hopes for a bid from Goldcorp. but this was before AEM bid for CYD
'The Financial Post reports in its Saturday, Sept. 6, edition that Goldcorp chief executive officer Charles Jeannes is not fretting over lower gold prices this year. The Post's John Shmuel writes that Mr. Jeannes says: "We're a low cost producer and we've done most of the investing we need to to secure our future. ... If we see gold go down to $900 -- which I don't think we will -- we'd look for opportunities. Things come for sale at that price." In January, Goldcorp launched a failing bid to buy Osisko Mining. Mr. Jeannes says despite the failed bid, he is not rushing to look for another large acquisition in its place. Mr. Jeannes says Osisko "was an opportunity we wanted to take advantage of and it didn't work. So we're just back to our normal work."
Further positive results by CYD on drilled assays today
CAYDEN DRILLS 9 METERS OF 7.6 G/T GOLD AT ANGOSTURA AND EXTENDS MINERALIZED STRIKE LENGTH TO 700 METERS
Cayden Resources Inc. has released additional drill results from Angostura, the third of eight priority targets being tested at the company's El Barqueno gold project in Jalisco, Mexico. Highlights include 9 meters of 7.67 g/t Au including 2.0 meters of 28 g/t Au in hole 96 and 10 meters of 1.49 g/t Au in hole 92.
New drill results from the Angostura target at El Barqueno Hole ID From To Width* Au g/t Ag g/t Cu % BDD0092 36 46 10 1.49 6.3 0.09 BDD0095 Drill hole missed structure BDD0096 74 83 9 7.67 6.7 0.11 including 80 82 2 28.00 21.65 0.10 BDD0096 95 99 4 0.53 7.6 0.06 BDD0096 117 124 7 1.03 4.3 0.05 BDD0097 42 60 18 0.38 12.4 0.21 BDD0098 Drill hole lost prior to hitting structure BDD0099 72 74 2 0.99 7.55 0.07 BDD0099 103 109 6 0.35 7.9 0.38 BDD0100 107 119 12 0.14 12.5 0.3 BDD0101 60 61 1 1.47 4.3 0.11 BDD0101 70 95 25 0.18 10.9 0.27 BDD0102 65 82 17 0.31 15.7 0.44
* intercepts are estimated to represent 30-90% of the true width
Hole 96 is the most western hole drilled to date at Angostura. This hole is significant as it intersected mineralization in the host andesite rock beneath a post-mineral basalt cap. Hole 92 is our most eastern hole and extends the strike length at Angostura to approximately 700 meters, The strike length remains open in both directions. Cayden is continuing to drill the Angostura target with five holes currently pending assay (Please see Figure 1 below or www.caydenresources.com for a drill location map).President and CEO Ivan Bebek stated: "We are pleased to see Angostura developing into the third potential gold target at El Barqueno. The mineralization discovered under post mineral rock is significant for extending the strike length of Angostura and for the further discovery potential of hidden targets throughout the property. The El Barqueno project results continue to support the potential discovery of a world class gold district."In August of 2014, the Company received the first of two required "change of land-use" permits that will provide further access to new and existing outcropping mineralized areas throughout the concessions. The Company expects to receive the second of these permits this fall enabling the commencement of additional planned work programs.On Behalf of the Board, Ivan Bebek, President and CEO
[Approximately 1 share of AEM for every 10 shares of CYD plus.10 for every 10 shares of CYD. [Don't splurge on spending the cash!!!]
Understand Goldcorp considering whether they will enter the biding or wait for AEM take over and approach AEM re property they want.
BUY OUT BY AEM announced
I Hope Goldcorp enters the bidding!!
Posted by someone on another site
"Can't see how Goldcorp can simply allow this transaction to stand. Goldcorp desperately needs Las Calles, that strip of land that dissects G's 2 pits at Los Filos. I'd expect a higher bid from G within 2 weeks."
Another positive report on CYD
ay Taylor, in the Aug. 13, 2014, edition of Gold, Energy & Tech Stocks, says buy Cayden Resources Inc., recently $2.47. Mr. Taylor said buy on Feb. 12, 2014, at $1.29. A $1,000 investment then is now worth $1,914. Cayden holds the El Barqueno and Morelos Sur projects in Mexico. On July 22, El Barqueno's prospects of becoming a major gold deposit improved when the company released drill results from the Angostura target, the third of nine targets on the property. Highlights included eight metres of 16.1 grams per tonne gold, including two metres of 41.9 g/t. Mr. Taylor thinks Cayden might be able to outline a multimillion-ounce property that will likely be amenable to open-pit heap leaching. Morelos Sur has seen less work, but Mr. Taylor is intrigued because part of the project, called Las Calles, lies within the pit design of Goldcorp's Los Filos project. It is also between a second open-pit outline (the El Bermajal pit) and the area designed for a large heap-leach pad that will presumably take ore from both pits. Were Cayden to sell Las Calles, says Mr. Taylor, some analysts think it could charge over $30-million. The newsletter writer concludes that the stock is "pretty much pushing all the right buttons."
CYD has filed their 10Q for 3rd quarter.
If you can access their M & A a great discussion of the major gold finds in Mexico.
http://www.stockwatch.com/News/Sedardoc.aspx?docid=3204671
Share price closing in on $3.00
Fair amount offered at that price. Accumulation still occurring. Fair amount of volume
Acceptance by TSE of CYD's acquisition of more potential gold bearing deposits.
The TSX Venture Exchange has accepted for filing a transfer of rights agreement dated May 15, 2014, between Minas Chaparral SA de CV, a wholly owned subsidiary of Cayden Resources Inc., and Jesus Mario Felipe Herrera Paizanni, whereby the company is to acquire Shamba-la concession located within the El Barqueno concessions in Jalisco, Mexico. In consideration, the company will pay $251,000 (U.S.) and issue 150,000 shares. The vendor retains a 2.5-per-cent net smelter return, which the company may purchase for $500,000 (U.S.).
More great assays from CYD> Proving up another possible major deposit?
Cayden drills 8 meters of 16.1 g/t gold and 55 meters of 0.92 g/t gold at Angostura
Vancouver, British Columbia – July 22nd, 2014 – Cayden Resources Inc. (TSX.V:CYD, OTCQX:CDKNF) (“Cayden” or the “Company”) is pleased to announce additional drill results from Angostura, the third of nine priority targets being tested at the Company’s El Barqueño Gold project located in Jalisco State, Mexico.? Highlights include 8 meters of 16.1 g/t Au including 2.0 meters of 41.9 g/t Au in hole 91 and 55 meters of 0.92 g/t Au and 0.30% Cu in hole 86.
The latest results at Angostura which is a parallel structure 1km NW of the Azteca target includes a drill hole intercept with “grade times width” of +100 g/t meter gold. This makes Angostura the third target to deliver a +100 g/t meter intercept. Cayden is continuing to drill the Angostura structure and there are currently six additional holes pending assays (Please see Figure 1 below or www.caydenresources.com for a drill location map and Figure 2 for a cross-section).
President and CEO Ivan Bebek stated: “Angostura is the third significant gold discovery at El Barqueño, where 6 additional targets remain to be drill tested and several outcropping mineralized areas have yet to be explored. The Company anticipates receiving additional drill permits in the near future that will open up all of the targets drilled to date for expansion both along strike and at depth. The El Barqueño concessions continue to support the potential discovery of a world class gold district.”
[bLundin refreshes Cayden buy
Cayden Resources Inc (C:CYD)
Shares Issued 47,465,790
Last Close 7/15/2014 $2.28
Wednesday July 16 2014 - In the News
Brien Lundin, in the July, 2014, edition of the Gold Newsletter, refreshes his buy of Cayden Resources Inc., recently $2.40. Mr. Lundin said buy Cayden five times between December, 2011, and June, 2014, at prices ranging from 98 cents to $1.71. Assuming a $1,000 investment for each of the five buys, the $5,000 position is now worth $9,698. Mr. Lundin says he met with Cayden management in June, and the newsletter editor is now more convinced than ever that the company's El Barqueno project in Jalisco state, Mexico, will be a multimillion-ounce gold deposit. He says two of the company's targets, Azteca and Pena de Oro, are already world class in size and have yielded consistent, impressive intersections. Mineralization at Pena de Oro now extends for more than 500 metres and to a maximum vertical depth of 200 metres. Mr. Lundin says the zone remains open in all directions. He also says that once the company receives needed permits to drill more of the property, Cayden should have plenty of news flow for investors. The newsletter editor tells his readers that Cayden management previously discovered the Esaase target at the Asanko gold mine in Ghana for a different company, and the management is much more excited about El Barqueno than it ever was about Esaase.
Cayden Resources, Inc. [$CDKNF] due diligence
bullish
$CDKNF
DD Notes ~ http://www.ddnotesmaker.com/CDKNF
##### recent news/filings ~ source: finance.yahoo.com
Mon, 07 Jul 2014 14:38:00 GMT ~ Cayden drills 12.0 meters of 4.6 g/t gold in a third discovery at the El Barqueno Gold Property
[PR Newswire] - VANCOUVER, July 7, 2014 /PRNewswire/ - Cayden Resources Inc. (TSX.V:CYD) (" Cayden " or the " Company ") is pleased to announce initial drill results from Angostura, the third of nine ...
read full: http://finance.yahoo.com/news/cayden-drills-12-0-meters-143800324.html
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Mon, 07 Jul 2014 14:38:00 GMT ~ Cayden drills 12.0 meters of 4.6 g/t gold in a third discovery at the El Barqueno Gold Property
[CNW Group] - Cayden drills 12.0 meters of 4.6 g/t gold in a third discovery at the El Barqueno Gold Property
read full: http://finance.yahoo.com/news/cayden-drills-12-0-meters-143800538.html
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Thu, 26 Jun 2014 14:42:00 GMT ~ Cayden drills 45 meters of 4.06 g/t gold and 19 meters of 4.98 g/t gold at Pena de Oro
[PR Newswire] - VANCOUVER, June 26, 2014 /PRNewswire/ - Cayden Resources Inc. (TSX.V:CYD, OTCQX:CDKNF) (" Cayden " or the " Company ") is pleased to announce results for 11 additional drill holes from ...
read full: http://finance.yahoo.com/news/cayden-drills-45-meters-4-144200244.html
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Thu, 26 Jun 2014 14:42:00 GMT ~ Cayden drills 45 meters of 4.06 g/t gold and 19 meters of 4.98 g/t gold at Pena de Oro
[CNW Group] - Cayden drills 45 meters of 4.06 g/t gold and 19 meters of 4.98 g/t gold at Pena de Oro
read full: http://finance.yahoo.com/news/cayden-drills-45-meters-4-144200831.html
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Thu, 12 Jun 2014 17:04:09 GMT ~ CAYDEN RESOURCES INC. Financials
read full: http://finance.yahoo.com/q/is?s=cdknf
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##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/CDKNF/company-info
Ticker: $CDKNF
OTC Market Place: OTCQX International
CIK code: 0001502108
Company name: Cayden Resources, Inc.
Company website: http://www.caydenresources.com
Incorporated In: British Columbia, Canada
##### extra dd links
Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001502108&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/CDKNF/filings
Latest financials: http://www.otcmarkets.com/stock/CDKNF/financials
Latest news: http://www.otcmarkets.com/stock/CDKNF/news - http://finance.yahoo.com/q/h?s=CDKNF+Headlines
Major holdings: http://data.cnbc.com/quotes/CDKNF/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=CDKNF+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/CDKNF.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=CDKNF
RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=CDKNF&search=search
DTCC: http://search2.dtcc.com/?q=Cayden+Resources%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Cayden+Resources%2C+Inc.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Cayden+Resources%2C+Inc.&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.caydenresources.com
Alexa: http://www.alexa.com/siteinfo/http://www.caydenresources.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.caydenresources.com
Short Sales: http://www.otcmarkets.com/stock/CDKNF/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/CDKNF/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/CDKNF/research
Historical Prices: http://finance.yahoo.com/q/hp?s=CDKNF+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=CDKNF+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=CDKNF+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=CDKNF+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=CDKNF+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=CDKNF+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=CDKNF
Balance Sheet: http://finance.yahoo.com/q/bs?s=CDKNF
Cash Flow: http://finance.yahoo.com/q/cf?s=CDKNF+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/CDKNF
Bloomberg: http://www.bloomberg.com/quote/CDKNF:US
Morningstar: http://quotes.morningstar.com/stock/s?t=CDKNF
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CDKNF
Barchart: http://www.barchart.com/quotes/stocks/CDKNF
OTC Short Report: http://otcshortreport.com/index.php?index=CDKNF
Investopedia: http://www.investopedia.com/markets/stocks/CDKNF/?wa=0
http://www.pennystocktweets.com/stocks/profile/CDKNF
##### last known share structure ~ source: otcmarkets.com
Market Value: $89,181,628 a/o Jul 08, 2014
Shares Outstanding: 47,353,915 a/o May 22, 2014
Float: 33,633,527 a/o Dec 31, 2013
Authorized Shares: Unlimited a/o Dec 31, 2013
Par Value: No Par Value
##### business description ~ source: otcmarkets.com
Cayden Resources is a Canadian based exploration company focused on the discovery, financing, and monetization of precious metal assets in two favorable mining jurisdictions in Mexico. The management team of Cayden is highly experienced and has a record of success in the mineral exploration business.
DD Notes ~ http://www.ddnotesmaker.com/CDKNF
pre110
Every assay report is positive for CYD
Cayden drills 12.0 meters of 4.6 g/t gold in a third discovery at the El Barqueño Gold Property
Vancouver, British Columbia – July 7th, 2014 – Cayden Resources Inc. (TSX.V:CYD) (“Cayden” or the “Company”) is pleased to announce initial drill results from Angostura, the third of nine priority targets that the Company is drilling at its El Barqueño Gold project.?Highlights include 12 meters of 4.60 g/t Au including 2.0 meters of 21.45 g/t Au in hole 85 and 13 meters of 1.54 g/t Au in hole 83.
The initial phase of drilling at Angostura, which is a parallel structure 1km NW of the Azteca target, confirms the presence of significant mineralization beneath the previously sampled trenches. With these holes, Cayden has successfully tested approximately 50 meters of the 500 meters of strike length of mineralized veins and stockwork mapped so far at the Angostura target. There are currently 7 holes pending assays.
Drilling at Barqueño in the past 10 months has repeatedly confirmed that the radiometric potassic alteration anomalies identified through geophysics and surface trenches correlate with significant subsurface mineralization.
Cayden is also pleased to announce new trench results from Peña de Oro. Highlights include of 8.0 m of 2.27 g/t Au in Trench PO059, 8.0 m of 1.85 g/t Au in Trench PO065 and 23 m of 0.78 g/t Au in Trench PO057.
The Company plans to add a drill to this target as soon as it receives the next round of permits expected this summer.
President and CEO Ivan Bebek states: “The initial Angostura drill results indicate the start of a third potential significant gold discovery at our El Barqueño property. The latest round of trenches at Peña de Oro indicate that this target could be much larger then originally anticipated.”
Results just keep on the positive track
"Cayden drills 45 meters of 4.06 g/t gold and 19 meters of 4.98 g/t gold at Peña de Oro
Vancouver, British Columbia – June 26th, 2014 – Cayden Resources Inc. (TSX.V:CYD, OTCQX:CDKNF) (“Cayden” or the “Company”) is pleased to announce results for 11 additional drill holes from the Peña de Oro target (“Peña”) at the Company’s El Barqueño Gold Property in Jalisco State, Mexico.?Highlights include 45 meters of 4.06 g/t Au with 0.39% Cu in hole 76, 19 meters of 4.98 g/t Au with 0.26% Cu in hole 80, 20 meters of 2.58 g/t Au with 0.36% Cu in hole 73 and 30 meters of 1.70 g/t Au with 0.88% Cu in hole 78.
Table 1 – New Drill results from the Peña de Oro target at El Barqueño:
Hole ID From To Width Au (g/t) Ag (g/t) Cu %
BDD0066 93 100 7 0.07 1.6 0.25
BDD0073 102 106 4 1.22 2.8 0.35
BDD0073 130 150 20 2.58 3.6 0.36
BDD0074 141 146 5 0.08 2.3 0.53
BDD0074 213 226 13 0.44 5.8 0.46
BDD0074 236 251 15 0.26 7.3 0.76
BDD0075 91 142 51 0.71 3.3 0.38
BDD0075 150 165 15 0.53 2.2 0.23
BDD0076 59 104 45 4.06 8.3 0.39
including 99 101 2 63.25 119.4 2.21
including 103 104 1 13.9 14.7 0.99
BDD0077 72 100 28 0.97 2.9 0.40
BDD0078 56 86 30 1.7 2.9 0.88
BDD0079 23 27 4 0.87 0.8 0.07
BDD0079 39 53 14 0.6 2.1 0.13
BDD0080 20 25 5 0.61 0.4 0.03
BDD0080 45 64 19 4.98 3.5 0.26
including 61 62 1 17.2 12.8 1.45
BDD0081 37 42 5 0.43 2.4 0.4
BDD0081 92 95 3 0.69 20.6 0.26
BDD0081 107 128 21 0.07 3.4 0.43
BDD0082 92 108 16 2.37 5.7 0.63
The 41 holes released to date at Peña de Oro have only partially tested one of three mineralized structures identified within the target area. These results have increased the maximum vertical depth tested to 200 meters; the structure remains open at depth and along strike in both directions. Once additional permits are received (currently in process), an aggressive second phase of drilling will target the open strike length and depth extensions throughout the Peña de Oro area. (Please see Figure 1 below or www.caydenresources.com for a drill location map and Figure 2 / 3 for a cross-section)
Cayden is now drilling its initial exploration holes at the Angostura target. Once completed, the drill will move to the Zapote target.
The El Barqueño concessions contain multiple, strong, widespread mineralized systems, some with kilometers of strike length. In preparation for an expansive exploration drill program planned for this fall, CSAMT and gradient array geophysical programs are currently underway over the Azteca, Peña de Oro, Zapote and Angostura target areas.
President and CEO Ivan Bebek states: “Peña de Oro has delivered the highest gram-meter intercept to date, demonstrating what the mineralized systems at El Barqueño are capable of delivering. We have a lot more to explore in all of our targets and are looking forward to an exciting year of aggressive exploration in what we believe is becoming a major gold and copper discovery.”
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."
More positive assay results- Plus overview
Cayden Resources Inc. (TSX.V:CYD) (“Cayden” or the “Company”) is pleased to announce results for 14 additional drill holes from the Peña de Oro target ( “Peña”) at the Company’s El Barqueño Gold Property in Jalisco State, Mexico.?Highlights include 54 meters of 1.36 g/t Au with 0.52% Cu in hole 72 and 68 meters of 0.91 g/t Au with 0.27% Cu in hole 65.
Table 1 – New Drill results from the Peña de Oro target at El Barqueño:
Hole ID From To Width Gold (g/t) Ag (g/t) Cu (%)
BDD0058 76 109 33 0.36 3.8 0.4
BDD0058 118 154 36 0.79 4.7 0.5
BDD0059 98 128 30 1.48 2 0.18
including 123 124 1 21.6 13.7 0.95
BDD0060 0 28 28 1.17 1.3 0.09
including 21 22 1 11.6 3.2 0.02
BDD0061 69 82 13 0.24 4 0.41
BDD0061 98 100 2 0.68 4.4 0.53
BDD0061 106 156 50 0.57 4.7 0.55
BDD0062 12 27 15 0.84 0.8 0.07
BDD0063 56 75 19 1.4 2.9 0.26
BDD0064 0 24 24 0.66 2.2 0.02
BDD0065 10 78 68 0.91 3.1 0.27
including 50 51 1 17.6 26 1.89
BDD0067 12 14 2 3.63 7.3 0.85
BDD0067 29 35 6 0.33 3.3 0.41
BDD0067 49 66 17 2.66 5.3 0.58
including 53 55 2 13.7 12.3 1.08
BDD0068 7 23 16 0.24 0.9 0.29
BDD0068 29 47 18 1.07 1.4 0.03
BDD0068 53 62 9 0.21 5.6 0.22
BDD0068 82 95 13 0.08 4.2 0.21
BDD0069 14 18 4 0.48 1.9 0.25
BDD0069 27 70 43 0.95 3.5 0.47
including 56 57 1 11.2 10.7 1.16
BDD0069 84 94 10 0.17 4 0.43
BDD0070 0 23 23 1.54 2.1 0.12
including 9 10 1 10.5 3.2 0.03
BDD0070 106 108 2 0.88 3.6 0.53
BDD0071 92 122 30 0.73 3.5 0.31
BDD0072 41 46 5 0.72 4 0.58
BDD0072 61 115 54 1.36 5 0.52
The results at Peña increase the strike length of mineralization to over 500 meters and the maximum vertical depth tested is 110 meters. The brecciation and width of mineralization appears to be increasing to the west and at depth. The extent of this mineralization will be tested when additional permits are received. The Peña structure remains open in all directions. Only one of three mineralized structures recently identified by mapping and geophysics has been partially drilled. (Please see Figure 1 below or www.caydenresources.com for a drill location map and Figures 2 to see the cross-section)
There are 11 additional holes pending assay from the initial Peña drill program and an extensive second phase of drilling will take place later in the year.. The drill has been moved to the Angostura target where drilling has commenced and once an initial phase of drilling is complete, the rig will be moved to the Zapote target area. The Company is planning to expand its exploration and drill programs considerably once it receives additional permits that are anticipated in Q3 and Q4 of this year.
President and CEO Ivan Bebek states: “The El Barqueño project continues to deliver impressive grade and widths of mineralization throughout multiple identified targets which are being tested from surface. We believe that Cayden has the potential to discover a new gold-copper district in a highly favorable jurisdiction in Mexico. The second half of this year will be exciting for shareholders as we plan to advance and drill some of our highest priority targets.”
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
Qualified Person - David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at Barqueño. All core from this release is drilled at HQ diameter and is sawed or split into equal halves on site. 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. As the mapped mineralized corridors strike EW to ENE, the drill holes were designed to have azimuths perpendicular or as close to perpendicular to the strike as the permitted pads would allow. As this is the first drill program by Cayden at Peña de Oro, the dips of the main structure are not entirely known but are believed to dip steeply to moderately to the south based on mapping and historical work, and thus the intercepts are estimated to represent 60-90% of the true width. Intercepts were calculated assuming a bulk-mining scenario. No intercepts were reported that averaged less than 0.5 g/t Au and/or 0.2 % Cu and no intercepts have more than six consecutive meters of less than 0.2 g/t and/or 0.2% Cu, or begin or end with values less than 0.2 g/t and/or 0.2% Cu.
Check the website for maps showing location of the project
Lundin continues to recommend investing in CYD
"Brien Lundin, in the June, 2014, edition of the Gold Newsletter, says buy Cayden Resources Inc., recently $1.71. Mr. Lundin said buy Cayden four times between December, 2011, and December, 2013, at prices ranging from 98 cents to $1.50. Assuming a $1,000 investment for each of the four buys, the $4,000 position is now worth $5,911. The newsletter editor says the company's El Barqueno project in Mexico is starting to show signs of having multiple deposits and a potentially open-pittable gold resource. The company recently released assays which revealed Cayden has extended the Pena de Oro target to 400 metres of strike and 110 metres at depth. Mr. Lundin says the company is still waiting for assays from 13 more holes. The company also recently acquired the Shamba-la concession, which comprises about 400 hectares along the northwest border of the Pena de Oro target. It paid $251,000 (U.S.) cash and issued 150,000 shares. As well, Cayden has received permits to move its two drill rigs at El Barqueno to the Angostura and Zapote targets, where it will drill next. Mr. Lundin concludes the company has smart management and a high-potential project, which makes Cayden a company to watch in the upcoming months.
Based on the recent press release, "El Barqueno impressive both in grade of gold being discovered from surface and also the potential volume of mineralization occurring throughout the targets tested to date." I look forward to additional drill results.
Abbreviated PR from yesterday
CYD continues to develop significant gold finds
"More good news as CYD progresses in drilling and permiting
VANCOUVER, June 6, 2014 /CNW/ - 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 needed,"
some are out here listening
Obviously we are talking to ourselves but here is more!!
Lundin refreshes Cayden buy!! Good news travels wel
Cayden Resources Inc (C:CYD)
Shares Issued 47,336,415
Last Close 5/22/2014 $1.80
Friday May 23 2014 - In the News
Brien Lundin, in the May, 2014, edition of the Gold Newsletter, refreshes his buy of Cayden Resources Inc., recently $1.89. Mr. Lundin said buy Cayden four times between December, 2011, and December, 2013, at prices ranging from 98 cents to $1.50. Assuming a $1,000 investment for each of the four buys, the $4,000 position is now worth $7,631. The company recently released assays from the first seven holes drilled at the Pena de Oro target on the company's El Barqueno project in Jalisco state, Mexico. Mr. Lundin describes the results as solid, noting all seven holes hit significant intervals of gold mineralization. The company currently has two drill rigs at Pena de Oro, and thanks to the impressive assays, has added another 4,000 metres to its planned drill program for the target. The newsletter editor says when more drill permits arrive, Cayden will drill multiple new targets at El Barqueno. Mr. Lundin concludes that Cayden is a well-financed and well-managed company, and he expects the company will continue to deliver impressive drill results from El Barqueno in the upcoming months. The company remains a strong buy.
AN IMPORTANT ACQUISITION FOR CYD
Increases the potential size of mineral deposit they are drilling now.
"CAYDEN ACQUIRES THE SHAMBA-LA CLAIM AT THE EL BARQUENO GOLD PROJECT
Cayden Resources Inc. has acquired the Shamba-la concession located within the El Barqueno concessions in Jalisco, Mexico. Shamba-la is approximately 400 hectares in size and is located along the northwest border of the Pena de Oro target where Cayden is currently drilling.
Under the terms of the acquisition, Cayden will pay a total of $251,000 (U.S.) and issue 150,000 common shares for a 100-per-cent interest. Cayden paid $51,000 (U.S.) on signing, and the remaining balance and common shares are due once title is registered under the name of Minas Chaparral S.A. de C.V., Cayden's subsidiary.
The Shamba-la concession is subject to a 2.5-per-cent net smelter returns royalty payable to the vendor, which is buyable at any time for $500,000 (U.S.).
President and chief executive officer Ivan Bebek stated: "The acquisition of Shamba-la is a key development for the El Barqueno project. We believe Shamba-la provides an excellent opportunity to expand on the recent drilling success we are having at the Pena de Oro target."
The agreement is subject to the approval of the TSX Venture Exchange, and the shares will carry a four-month hold period commencing on the date of issuance."
And more great news!!
Mr. Ivan Bebek reports
CAYDEN DRILLS 26 METERS OF 2.35 G/T GOLD, 38 METERS OF 1.47 G/T GOLD AND 70 METERS OF 0.80 G/T GOLD
Cayden Resources Inc. has released results for nine additional drill holes from the Pena de Oro target at the company's El Barqueno gold property in Jalisco state, Mexico. Drilling highlights include 26 meters of 2.35 g/t Au in Hole 50, 30 meters of 1.61 g/t Au in Hole 49, 38 meters of 1.47 g/t Au and 0.67% Cu in hole 52, and 70 meters of 0.80 g/t Au and 0.49% Cu in hole 54.
The results increase the strike length of mineralization to over 400 meters and the maximum vertical depth reached is 110 meters at Pena de Oro. Mineralization encountered by drilling is limited by existing permits to targeting only one of three mineralized structures that have recently been identified by mapping and geophysics. The drilled structure strikes approximately 75 degrees east, dips south and is open along strike in both directions and at depth. The amount and thickness of brecciation and mineralization appears to be increasing to the east and at depth as suggested by the thicker intercept in hole 54. (Please see Figure 1 below or www.caydenresources.com for a drill location map)
Drilling is ongoing and there are 13 more completed holes pending assay. Once additional permits are received, the Company will move one of the two drill rigs to the Angostura target and then to the Zapote target. Surface exploration programs are advancing several additional targets that have yet to be drilled within the concessions.
The Company is also working on an environmental impact assessment that will allow Cayden to build trenches, roads and drill over the majority of its concessions without having to continually apply for permits, such as those currently pending on numerous targets.
President and CEO Ivan Bebek states: "We are very pleased with the increased widths and consistency of mineralization seen in the additional drill results at our Pena de Oro target and look forward to further pending results. The El Barqueno Gold Property has and continues to generate impressive results from surface exploration, drilling and preliminary metallurgical work. We believe we have an excellent opportunity to discover a significant open pit gold-mining district throughout our large land position, located in one of the more favorable mining jurisdictions in Mexico."
The news just keeps getting better and better for CYD.Eventually the Market has to realize a success story.
Cayden receives excellent preliminary metallurgical results from El Barqueño
Vancouver, British Columbia – April 29th, 2014 – Cayden Resources Inc. (TSX.V:CYD, OTCQX: CDKNF) (“Cayden” or the “Company”) is pleased to announce that it has received initial results from its preliminary metallurgical test programs at it’s El Barqueño project in Jalisco, Mexico where cyanide leach tests achieved up to 96.9% gold recoveries.
The results are from whole-ore cyanidation and rougher floatation tests from 5 composite samples taken throughout the Azteca target. The test program is being conducted at ALS Metallurgy under the supervision of metallurgical consultant Thomas Shouldice (Qualified Person).
Table 1: Head grades of composite samples:
Head Grades
Composite Description Au (g/t) Ag (g/t) Cu (%)
1 Quartz Matrix - Chalcopyrite Zone 1.52 16 0.66
2 Hematite Matrix - Oxide Zone 2.28 10 0.20
3 Hematite Matrix - Below Oxide Zone 2.44 8 0.12
4 Fault Crushed Vein Zone with Gouge 4.22 9 0.06
5 Fault Gouge with High Au, Cu, +/- Ag, Pb, Zn (rare) 1.35 27 0.67
The whole ore cyanidation tests were performed at a nominal 100um K80 grind size with a cyanide dosage of 2000 ppm solution strength. Gold recoveries across all the composites exceeded 90% with the exception of composite 5.
Table 2: Whole ore cyanidation test results:
Composite Description Au (%) Ag (%)
1 Quartz Matrix - Chalcopyrite Zone 94.5 55.9
2 Hematite Matrix - Oxide Zone 96.9 70.1
3 Hematite Matrix - Below Oxide Zone 95.4 68.3
4 Fault Crushed Vein Zone with Gouge 91.0 78.3
5 Fault Gouge with High Au, Cu, +/- Ag, Pb, Zn (rare) 61.8 47.9
Composite 5 had higher cyanide consumption due to elevated sulphide content but typically such an extraction would not be completed with cyanide leach only. Flotation would be used to remove the sulphides for optimal recovery.
The rougher flotation tests were performed at a nominal 90 um K80 grind size and a circuit pH of 9. These results showed significantly higher copper and silver recoveries while gold recoveries were between 72.5% and 82.4%.
Table 3: Rougher floatation test results:
Recoveries
Composite Description Au (%) Ag (%) Cu (%)
1 Quartz Matrix - Chalcopyrite Zone 81.4 81.9 90.9
2 Hematite Matrix - Oxide Zone 82.4 60.1 66.8
3 Hematite Matrix - Below Oxide Zone 80.9 79.1 87.7
4 Fault Crushed Vein Zone with Gouge 78.0 74.6 89.7
5 Fault Gouge with High Au, Cu, +/- Ag, Pb, Zn (rare) 72.5 82.9 89.7
The results suggest very promising potential to produce gold and other metals using a standard leach plant, through a floatation plant or a hybrid process that would maximize the extraction of gold, copper and silver. Even though the results are preliminary and little optimization has yet been performed they clearly afford the Company flexibility in how to develop the project.
Cayden is currently undertaking additional batch cleaner and cyanidation tests on tails from the floatation circuit.
President and CEO, Ivan Bebek states: “Having excellent preliminary metallurgical results from both leach and flotation tests is remarkable at this stage of project development. We look forward to rapidly advancing the El Barqueno project on all fronts.”
Qualified Persons - The metallurgical testwork was completed by ALS Laboratories, under the supervision of Thomas Shouldice P.Eng. of TS Technical Services Ltd., a Qualified Person under the terms of NI 43-101. Thomas Shouldice, P.Eng of TS Technical Services Ltd., is independent of Cayden and has approved the contents of this press release that pertain to the metallurgical test work results and their interpretation.
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
Are there no shareholders on this Board??
News just keeps getting better.
Cayden Resources drills 27 m of 4.46 g/t Au at Barqueno
Cayden Resources Inc (C:CYD)
Shares Issued 47,291,415
Last Close 4/22/2014 $1.76
Thursday April 24 2014 - News Release
Mr. Ivan Bebek reports
CAYDEN DRILLS 27 METERS OF 4.46 G/T GOLD AND 12 METERS OF 4.77 G/T GOLD AT PENA DE ORO TARGET AT EL BARQUENO
Cayden Resources Inc. has released results for the first seven drill holes from the Pena de Oro target at the company's El Barqueno gold property in Jalisco state, Mexico.
Drilling highlights include 27 meters of 4.46 g/t Au from surface in Hole 43 and 12 meters of 4.77 g/t Au in hole 47. All seven holes hit significant gold intercepts. Please see Figure 1 below or www.caydenresources.com for a drill location map.
The Company is currently drilling at Pena de Oro with 2 rigs and as a result of the success of the current drill program and previous trenching at Pena de Oro, an additional 4,000 meters of drilling is planned for the target totaling approximately 6,000 meters in the Company's Phase 1 exploration drill program. There are currently 10 additional holes in the lab for analysis.
Permitting efforts are ongoing throughout the El Barqueno concessions to allow better access to multiple targets already identified by the Company that are planned to be drilled over the next 12 months.
Table 1 - Drill results from the Pena de Oro target at El BarqueAplus or minuso starting from BDD00042 (hole 42): Hole IDFromToWidthAu g/tAg g/t Cu % BDD0042 0 23 23 1.48 1.5 0.1 BDD0043 0 27 27 4.46 1.7 0.09 BDD0044 40 51 11 1.98 3.2 0.38 BDD0045 40 62 22 0.79 1.9 0.22 BDD0046 20 35 15 2.29 PendingPending BDD0047 81 93 12 4.77 PendingPending BDD0048 12 18 6 1.66 PendingPending
As a result of the considerable land position totaling over 460 square kilometers and the identification of large, mineralized vein breccia and stockwork systems, the Company is undertaking atwo-phase drilling approach with each identified target. The initial phase will focus on the exploration of multiple outcropping mineralized targets with a goal of confirming surface/subsurface mineralization and structure identification. A second phase will focus on delineation drilling as well as further step-outs along strike where the large vein systems are projected. President and CEO Ivan Bebek states: "We are very pleased with the initial results at Pena de Oro, our second of nine highly prospective targets identified. The Azteca and Pena de Oro results indicate a great level of consistency and growing predictability for the potential discovery of higher-grade gold deposits from surface throughout the El BarqueAplus or minuso concessions. The upcoming year will be exciting for Cayden shareholders as the Company continues to aggressively explore and drill multiple surface gold targets throughout El BarqueAplus or minuso".
Qualified Person - David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at BarqueAplus or minuso. All core from this release is drilled at HQ diameter and is sawed or split into equal halves on site. 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. As the mapped mineralized corridors strike EW to ENE, the drill holes were designed to have azimuths perpendicular or close to perpendicular to the strike with the exception of BDD0044, which was drilled obliquely to hit a target not accessible from the permitted pad. As this is the first drill program by Cayden, the dips of the structures are not entirely known but are believed to dip steeply to moderately based on mapping and historical work, and thus the true widths of the intercepts are estimated to be 60-90% of the true width, with the exception of BDD0044, which is probably 40% of trues widths. Intercepts were calculated assuming a bulk-mining scenario. No intercepts were reported that averaged less than 0.5 g/t Au (rounded) and no intercepts have more than five consecutive meters of less than 0.2 g/t, or begin or end with values less than 0.2 g/t, excepting BDD0045, where the intercept was extended to include high copper values."
More good news Market should wake up!!
Cayden drills 20m of 1.7 g/t Au at Azteca and adds second drill to the Peña de Oro gold target
Vancouver, British Columbia – March 28th, 2014 – Cayden Resources Inc. (TSX.V:CYD, OTCQX: CDKNF) (“Cayden” or the “Company”) is pleased to announce that it has received the final drill results from its initial phase of drilling at Azteca and has added a second drill rig to its Peña de Oro drilling program.
Hole 41, the last hole drilled at Azteca, intersected 20 meters averaging 1.70 g/t Au and each of the last 4 holes intersected the targeted mineralized structures. Throughout the Azteca drilling, the structures appeared to have increasing copper grades at depth associated with chalcopyrite mineralization. Please see the plan map at www.caydenresources.com for drill hole locations.
Hole ID From m To m Width Au g/t Ag g/t Cu %
BDD0038 72 82 10 0.43 11.4 0.24
BDD0039 49 53 4 0.04 14.0 0.99
BDD0040 4 7 3 0.82 5.3 0.09
BDD0041 8 28 20 1.70 14.6 0.17
BDD0041 115 149 34 0.21 4.1 0.26
BDD0041 163 169 6 0.18 14.8 0.50
The Company is encouraged by the results of its initial drill program at Azteca which has confirmed the presence of significant gold mineralization along the portion of the target’s strike length that was tested. There are several open targets remaining at Azteca that will be followed up in subsequent drill programs.
As a result of the success in Azteca drilling and numerous outcropping targets at El Barqueño, a second drill rig has been added to expedite and increase the ongoing exploration programs. The Company is currently drilling the Peña de Oro with both drills where previous trenching has yielded highly prospective widths and grades of gold mineralization. Once permits are received, one of the drills will be moved to the Angostura and Zapote targets to test additional outcropping mineralization previously discovered through surface trenches.
President and CEO, Ivan Bebek stated: “The El Barqueño project is at an exciting stage of exploration as a result of the significant surface gold mineralization confirmed through initial drilling in the Azteca target. There are currently 8 additional targets identified through surface exploration and historical work that share similar geological characteristics as seen at Azteca and which only represent approximately 60% of the total concession explored to date. The Company is in an excellent position financially to rapidly advance its exploration programs for the potential discovery of multiple gold deposits throughout the 465 sq. km land position."
On Behalf of the Board, Ivan Bebek, President and CEO
Qualified Person - David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at Barqueño. All core is drilled at HQ diameter and is sawed or split into equal halves on site. 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. As the mapped mineralized corridors strike EW to ENE, the drill holes were designed to have azimuths perpendicular or close to perpendicular to the strike. As this is the first drill program by Cayden, the dips of the structures are not entirely known but are believed to dip steeply to moderately based on mapping and historical work, and thus the true widths of the intercepts are estimated to be 60-80% of the true width. Intercepts were calculated assuming a bulk-mining scenario, with a width cutoff of three meters and grade cutoff of 0.5 g/t Au or 0.2% Cu.
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 “CDKNF” on the OTCQX. For more information on Cayden Resources, please visit our website at www.caydenresources.com
Another bullish rating by Lundin
Lundin refreshes Cayden buy
2014-03-20 14:36 CT - In the News
Shares issued 41,609,127
CYD Close 2014-03-19 C$ 1.84
"Brien Lundin, in the March, 2014, edition of the Gold Newsletter, refreshes his buy of Cayden Resources Inc., recently $1.60. Mr. Lundin said buy Cayden four times between December, 2011, and December, 2013, at prices ranging from 98 cents to $1.50. Assuming a $1,000 investment for each of the four buys, the $4,000 position is now worth $5,531. The company recently released assay results from three target areas, Angostura, Zapote and Poncho West, on its El Barqueno project in Mexico. Mr. Lundin says the assays from the target areas, which are outside of the property's more advanced Azteca zone, remind him that Cayden is operating in a gold-rich environment. The company also recently increased the size of its El Barqueno project by acquiring the neighbouring Shangri-la claim, which is beside Cayden's next drill target, Pena d'Oro. The newsletter editor says that Cayden has good management, a full treasury and it should be able to uncover El Barqueno's significant potential. It remains a buy."
News keeps getting better! Dilution but success of PP shows investors are confident management moving forward.
"This increase actually provides CYD with $9,012,550 addition to its treasury. A sign that interest and evaluation of CYD is very positive!!
"CAYDEN RESOURCES INC. ANNOUNCES INCREASE OF PREVIOUSLY ANNOUNCED EQUITY FINANCING TO CAD$7.8 MILLION
Cayden Resources Inc. has amended the terms of its previously announced bought-deal offering of common shares of the company to increase the size of the offering to $7,837,000. Under the amended terms of the offering, a syndicate of underwriters, led by Beacon Securities Ltd. and including Canaccord Genuity Corp., has agreed to purchase, on a bought-deal basis pursuant to the filing of a short form prospectus, a total of 4.61 million common shares at a price of $1.70 per common share.
The company has agreed to grant the underwriters an overallotment option to purchase up to an additional 691,500 common shares at the offering price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the offering. If this option is exercised in full, an additional $1,175,550 will be raised pursuant to the offering and the total gross proceeds of the offering will be $9,012,550.
The underwriters will receive a cash commission of 7 per cent of the gross proceeds raised, and common share purchase warrants entitling the underwriters to purchase within 24 months after closing of the offering, common shares of the company equal to 3 per cent of the total number of securities sold pursuant to the offering at the offering price per common share.
The company intends to use the net proceeds from the offering for exploration and development of its mineral interests in Mexico, and for general corporate and working capital purposes.
The common shares will be offered by way of a short form prospectus to be filed in all of the provinces of Canada (excluding Quebec). Closing of the offering is anticipated to occur on or before April 1, 2014, and is subject to certain conditions including, but not limited to the receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange."
Everything seems to be positive
"VANCOUVER, Feb. 26, 2014 /CNW/ - Cayden Resources Inc. (TSX.V:CYD) ("Cayden" or the "Company") is pleased to announce results from the Company's ongoing Phase 1 core drilling program at its 100% optioned El Barqueño Gold Project in Jalisco State, Mexico.?Drilling highlights include 44 meters of 2.34 g/t Au in hole 37 and 23 meters of 2.43 g/t Au in hole 28. These holes extend the prospective mineralization previously encountered in holes 3 and 4 (please see attached map and table below).
The first 37 of 41 holes at the Azteca target area have tested approximately 1.2 km of the 2.2 km prospective strike length to date with a maximum true depth of 200 meters. All the holes drilled in the Azteca target, with the exception of two holes, have penetrated the mineralized structures and have intersected significant gold mineralization.
Cayden has completed its Phase 1 drilling program at the Azteca target with a total of 41 holes drilled totaling 6,336 meters, 4 holes are currently pending assay. The Azteca drill results received to date indicate continuous mineralization throughout multiple structures along with several areas that contain significantly larger widths and grades at fault intersections. The Azteca target remains open along strike in both directions and at depth; a second phase of drilling is being designed to expand drilling along the projected strike length and will commence once permits are received.
The Company is moving the drill to its Pena d'Oro target where Cayden's technical team has had the opportunity to discover some exceptional surface results which include trenches both within historic workings and beyond them along strike (see news release from August 22nd, 2013).
Ivan Bebek, President and CEO commented: "We are very pleased with the results to date from the Phase 1 drill program at our Azteca target and look forward to a second phase program which we believe will considerably expand the mineralization along strike and at depth. We are also excited to begin an initial drill program at the Peña d'Oro target that will commence shortly. In the past six months, our technical team has done an exceptional job of exploring just over half of the three El Barqueño concessions primarily at surface with the exception of drilling at the Azteca target. The results of the exploration and the interpretation of the geology is starting to reveal district scale exploration potential with a pipeline of 8 additional outcropping targets."
Cayden will be attending the PDAC Mining Convention in Toronto, Ontario and will have two booths for Session A (Sunday March 2 and Monday March 3), Booth #2421A is in the Investor Exchange and Booth #5001 is located inside the Core Shack. President and CEO, Ivan Bebek will also be giving a 15 minute presentation on Exploration and Development on Tuesday, March 4 at 10:20am in room 803AB. We welcome anyone registered for the PDAC or in Toronto to please come and join us.
A significant addition to CYD holdings in Mexica. Adjacent to their successful drilling project management is confident the new property will have similar results
Assays will hopefully prove them right!!
"CAYDEN ACQUIRES THE SHANGRI-LA CLAIM AT THE EL BARQUENO GOLD PROJECT
Cayden Resources Inc. has acquired the Shangri-la claim located within the El Barqueno concessions in Jalisco, Mexico, which are fully optioned by Cayden. The Shangri-la claim lies adjacent to the Pena d'Oro target where drilling will commence shortly.
Under the terms of the acquisition, Cayden is paying $100,000 for a 100-per-cent interest in the claim, which carries a 1.5-per-cent net smelter return royalty (a NSR) payable to a third party. Cayden has paid $20,000 on the signing of the agreement and $80,000 will be paid once the title for the claim is registered to Cayden's subsidiary, Minas Chaparral SA de CV.
An additional 2.5-per-cent NSR will be payable to the claim vendor and is purchasable by Cayden for $250,000 at any time.
President and chief executive officer Ivan Bebek stated: "This acquisition helps complete the significant El Barqueno land package, which encompasses over 46,000 hectares of land. The company is amidst an extensive permitting process which will provide surface exploration and drilling permits for up to 300 holes at five intermediate to advanced exploration targets. Cayden is planning to drill four of nine exploration targets identified to date on the concession this year. We believe we are in the very early stages of discovering a large, robust gold system that is being constantly revealed from the results of the current drill program at the Azteca target and our extensive surface work programs throughout the concessions."
Tuesday February 04 2014 - News Release
Mr. Ivan Bebek reports
CAYDEN SAMPLES HIGH-GRADE TRENCHES AT EL BARQUENO IN THREE NEW TARGET AREAS
Cayden Resources Inc. has received results from its continuing surface exploration program at its El Barqueno 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.
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 Barqueno concessions to host multiple open pit gold deposits."
David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at El Barqueno. 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.A 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.
The news from more assays are great. The true value of CYD holdings are being PROVED by assays
"Cayden drills 35.5 m of 1.62 g/t Au at El Barqueno
2014-01-09 08:52 CT - News Release
Shares issued 41,609,127
CYD Close 2014-01-08 C$ 1.07
An anonymous director reports
CAYDEN DRILLS 35.5 METERS OF 1.62 G/T GOLD AND 18 METERS OF 3.38 G/T GOLD IN TWO SEPARATE MINERALIZED STRUCTURES AT EL BARQUENO
Cayden Resources Inc. has released results from the company's continuing core drilling program at the El Barqueno gold property in Jalisco state, Mexico.
Drilling highlights include 35.5 meters of 1.62 g/t Au, 214 g/t Ag, and 0.66 % Cu in hole 15, 18 meters of 3.38 g/t Au in hole 21 and 10 meters of 4.4 g/t Au in hole 24. Hole 25, the furthest hole drilled in the northeast part of the Zapoteca structure, hit three different intercepts of stock work mineralization including 27 meters of 1.16 g/t Au starting at surface.
The first 25 holes at the Azteca target area have tested approximately 1.2 km of the 2.2 km interpreted strike length to date. All the holes drilled in the Azteca target with the exception of one hole have penetrated the mineralized structures and have intersected significant gold mineralization.
Table 1 - Drill results from the Azteca target area at El BarqueAplus or minuso (BDD0001 = hole 1):
Hole_ID From To Width Au (g/t) Ag (g/t) Cu %
BDD0015* 38 73.5 35.5 1.62 214 0.66
BDD0016 25 30 5 0.48 3.4 0.08
BDD0016 118 123 5 0.49 4.9 0.23
BDD0017 26 31 5 3.09 12 0.23
BDD0018 no significant intercepts - hole abandoned before hitting Azteca fault
BDD0019 no significant intercepts - hole deviated into footwall of Azteca fault
BDD0020 79 107 28 0.87 2.6 0.06
BDD0021 65 83 18 3.38 18.3 0.23
Including 75 78 3 12.9 59.7 0.36
BDD0022 69 92 23 1.44 5.6 0.09
BDD0023 75 90 15 1.43 20.4 0.54
BDD0023 187 197 10 0.48 43.8 1.36
BDD0024 30 40 10 4.4 9.8 0.04
Including 37 38 1 26 24.1 0.06
BDD0025 0 27 27 1.16 8.0 0.14
BDD0025 35 41 6 1.42 6.6 0.21
BDD0025 71 93 22 1.07 7.2 0.36
*Note: In Hole BDD0015 there was no recovery for the interval 48.53-51m (2.47m). To represent the width potential of the zone, the interval was included in the calculation, however values of 0 (zero) were used for Au, Ag, and Cu.
Cayden has completed approximately 4500 meters of its 5000 meter program with 3 holes currently pending assay. The Azteca results received to date indicate that gold grades continue and copper mineralization appears to increase at depth. The program has confirmed the existence of multiple mineralized structures present at Azteca, including some that were not previously identified by the recent surface trenching programs.
President and CEO Ivan Bebek states: "We are very pleased with the results to date from our ongoing drill program at our Azteca target and are looking forward to receiving additional results in the coming weeks. The results to date provide additional evidence of the growing consistency and predictability in the discovery of higher grade gold deposits that start at surface. The upcoming year will be exciting for Cayden shareholders as the company continues to drill and explore it's El BarqueAplus or minuso Gold Property".
Qualified Person - David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at BarqueAplus or minuso. All core is drilled at HQ diameter and is sawed or split into equal halves on site. All samples are assayed using standard 30 gram fire assay with atomic absorption finish by Acme Labs in Vancouver, BC. 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. As the mapped mineralized corridors strike EW to ENE, the drill holes were designed to have azimuths perpendicular or close to perpendicular to the strike. As this is the first drill program by Cayden, the dips of the mineralized structures are not entirely known. However, based on mapping and previous drilling, all intercepts released herein are believed to be 60-100% of true width. Intercepts are calculated assuming a bulk-mining scenario, with a width cutoff of 5 meters and grade cutoff of 0.5 g/t Au. No intercepts were reported that averaged less than 0.5 g/t Au (rounded) and no intercepts have more than five consecutive meters of less than 0.2 g/t (excepting the intercept in BDD0015, where high Ag and Cu values occur throughout the single intercept)."
SANTA COMES EARLY- finally payment from Goldcorp in the bank
Cayden receives $7.87-million (U.S.) from Morelos sale
Plans to develop another portion of CYD holdings for another sale to Goldcorp also noted
"Mr. Ivan Bebek reports
CAYDEN RECEIVES REMAINING $7.87 MILLION FOR THE COMPLETION OF THE PARTIAL MORELOS SUR LAND SALE
Cayden Resources Inc. has received the final payment of $7,872,000 (U.S.) from its Feb. 1, 2013, land sale which is now complete. In that sale, Cayden's Mexican subsidiary sold approximately 23 per cent (3,997 hectares from the original 17,076 hectares) of its Morelos Sur concession to a subsidiary of Goldcorp Inc. for a total of $15,744,000. The exact boundaries of the sold portion were varied somewhat as part of the final completion documents.
The company plans to work on monetizing its nearby Las Calles concession next as Cayden management believes this portion of land has significant value due to its proximity to Goldcorp's Los Filos mine and because of encouraging drill results obtained by Cayden on the concession in 2012.
Ivan Bebek, president and chief executive officer, stated: "The proceeds from this sale gives Cayden a strong cash position for exploration at our El Barqueno project in 2014. We believe the value of our Las Calles concession will be much higher than the portion of Morelos Sur that was just sold."
Good results from assays
Mr. Ivan Bebek reports
CAYDEN DRILLS 16 M OF 5.89 G/T GOLD AND 10 METERS OF 5.88 G/T GOLD IN SEPARATE MINERALIZED STRUCTURES AT EL BARQUEAPLUS OR MINUSO
Cayden Resources Inc. has released results from the company's continuing core drilling program at the El Barqueno gold property in Jalisco state, Mexico.
Drilling highlights include 16 meters of 5.89 g/t Au (including 2 meters of 38.05 g/t Au) in hole 14, 10 meters of 5.88 g/t Au in hole 10 and 20 meters of 1.79 g/t hole 13. (See Table 1 below or www.caydenresources.com for significant intercepts).
The first 14 holes at the Azteca target area have tested approximately 1 km of a 2.2 km of strike length and all but one hole have successfully intersected gold mineralization.
Table 1 - Drill results from the Azteca target area at El BarqueAplus or minuso (BDD0001 = hole 1):
Hole ID FromTo WidthAu (g/t)Ag (g/t)Cu (%) BDD0005 33 45 12 0.57 2.9 0.03 BDD0006 26 43 17 1.61 8.0 0.11 BDD0007 49 55 6 1.98 13.4 0.11 Including 51 52 1 10.90 17.8 0.08 BDD0008 129172 43 0.61 9.5 0.45 Including 159172 13 1.74 13.6 0.63 BDD0009 9 27 18 0.54 5.3 0.13 BDD0010 10 20 10 5.88 5.5 0.03 Including 12 13 1 28.6 11.3 0.0054 BDD0012 127135 8 0.67 8.9 0.38 BDD0013 3 23 20 1.79 4.08 0.12 BDD0014 30 46 16 5.89pending pending Including 31 33 2 38.05pending pending BDD0014 59 66 7 7.83pending pending Including 64 65 1 44.3pending pending
Cayden has completed approximately 3500 meters of its ongoing 5000 meter program with 8 holes currently pending assay. The Azteca results received to date indicate that gold grades continue at depth where drill holes have also encountered increasing copper grades. The drilling has discovered additional mineralized structures that were not originally identified by the recently completed surface trenching programs. Additional holes will target down dip and in opposing directions (scissor holes) in order to further define the geometry of the mineralized structures.
The company has also been conducting trenching in multiple new target areas identified through surface mapping and soil sampling programs, results from these programs will be released shortly.
President and CEO Ivan Bebek states: "We are very pleased with the results to date from our ongoing drill program at El BarqueA and we are looking forward to receiving additional results in the coming weeks. We are continuing to see more evidence for the discovery of multiple, shallow higher grade gold deposits throughout the El Barque concessions."
$CDKNF - $CYD.V - Insider buys
http://www.canadianinsider.com/node/7?ticker=CYD
Not sure if small sell off was related to this PR today. Don't think so.
"Cayden Appoints Rene Carrier to its Board of Directors
Vancouver, British Columbia – October 18th, 2013 – Cayden Resources Inc. (TSX.V:CYD) (“Cayden” or the “Company”) is pleased to announce the appointment of Rene Carrier to the Board of Directors and as Chair of its Audit Committee.
Mr. Carrier is a past Vice President of Pacific International Securities Inc. where he worked for 10 years until 1991. Since that time he has been President of Euro-American Capital Corporation, a private company which specialized in restructuring, administration and raising venture capital funds for junior mining companies until 2012. Mr. Carrier is also an independent director of a number of TSX and TSX Venture Exchange listed companies.
President and CEO, Ivan Bebek states: “We are very pleased to be adding Mr. Carrier to our Board of Directors. Rene has extensive capital market experience and brings expertise in corporate governance, mergers and acquisitions and venture capital funding. Mr. Carrier has worked with several companies that have operated successfully in Mexico including Farallon Mining Ltd. which was purchased by Nyrstar NV in 2010 for $409 million.”
Cayden has issued 175,000 stock options to various directors, employees and consultants of the Company. The exercise price of the options is $1.58 being the 5-day volume weighted average share price prior to the grant date.
About Cayden Resources - Cayden is a junior mining company focused on delivering shareholder value through the acquisition, exploration and development of precious metal projects in Mexico. The management team at Cayden is highly experienced with an impressive track record of success in the discovery, development and financing of mineral projects. Cayden is also strongly committed to the highest standards for environmental management, social responsibility, health and safety for its employees and neighboring communities. Cayden trades on the TSX Venture Exchange under the symbol “CYD”. ??For more information on Cayden Resources, please visit our website at www.caydenresources.com
Cautionary Information? - ?Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release."
News not what I hoped for-but positive!!
2013-10-16 09:51 CT - News Release
Shares issued 41,564,484
CYD Close 2013-10-15 C$ 1.57
Mr. Ivan Bebek reports
CAYDEN DRILLS 59 M OF 2.2 G/T GOLD AT EL BARQUENO
Cayden Resources Inc. has released initial results from the continuing 25-hole core drilling program at the El Barqueno gold property in Jalisco state, Mexico.
Drilling highlights include 59 metres of 2.2 grams per tonne gold in hole 2, 20 m of 4.26 g/t Au in hole 3 and 42 m of 0.7 g/t Au with 0.51 per cent copper in hole 2 (see table or the company's website for significant intercepts).
The first four holes in the Azteca zone have tested approximately 400 m of a 2.2-kilometre strike length and have all successfully intersected gold mineralization in the primary Azteca structure. Holes 1 and 2 have also encountered two additional mineralized zones which have revealed the classic banded veining typical of a low-sulphidation state epithermal system. A third copper-rich zone, not indicated by previous work, was encountered at depth. This third zone suggests that further, deeper drilling may be warranted as geological and technical understanding of the deeper zone evolves.
DRILL RESULTS FROM THE AZTECA TARGET AREA AT EL BARQUENO
Hole ID From To Width Au Ag Cu
(m) (m) (m) (g/t) (g/t) (%)
BDD0001 27 51 24 0.72 2.3 0.04
BDD0001 73 86 13 0.68 1.5 0.04
BDD0001 135 170 35 0.41 10.9 0.63
BDD0002 48 107 59 2.20 6.2 0.13
including 51 53 2 16.70 16.7 0.02
including 65 66 1 20.90 17.5 0.10
BDD0002 118 136 18 1.92 7.2 0.21
including 129 130 1 21.70 8.1 0.13
BDD0002 153 195 42 0.70 15.6 0.51
BDD0003 9 29 20 4.26 6.2 0.06
including 11 12 1 23.00 14.4 0.01
BDD0004 35 64 29 1.47 5.9 0.11
Drilling is continuing and assays are pending from multiple recent holes from the Azteca target area. In addition to drilling, Cayden is also continuing its trenching, mapping and surface programs throughout the Barqueno I concession as well as on the Barqueno II concession.
President and chief executive officer Ivan Bebek stated: "We are very pleased with the initial results of our ongoing drill program and look forward to more exciting results. The first four holes have successfully confirmed the presence of significant gold mineralization in the original structure and have also identified two new structures suggesting that the system may be bigger than previously realized."
News not what I hoped for-but positive!!
2013-10-16 09:51 CT - News Release
Shares issued 41,564,484
CYD Close 2013-10-15 C$ 1.57
Mr. Ivan Bebek reports
CAYDEN DRILLS 59 M OF 2.2 G/T GOLD AT EL BARQUENO
Cayden Resources Inc. has released initial results from the continuing 25-hole core drilling program at the El Barqueno gold property in Jalisco state, Mexico.
Drilling highlights include 59 metres of 2.2 grams per tonne gold in hole 2, 20 m of 4.26 g/t Au in hole 3 and 42 m of 0.7 g/t Au with 0.51 per cent copper in hole 2 (see table or the company's website for significant intercepts).
The first four holes in the Azteca zone have tested approximately 400 m of a 2.2-kilometre strike length and have all successfully intersected gold mineralization in the primary Azteca structure. Holes 1 and 2 have also encountered two additional mineralized zones which have revealed the classic banded veining typical of a low-sulphidation state epithermal system. A third copper-rich zone, not indicated by previous work, was encountered at depth. This third zone suggests that further, deeper drilling may be warranted as geological and technical understanding of the deeper zone evolves.
DRILL RESULTS FROM THE AZTECA TARGET AREA AT EL BARQUENO
Hole ID From To Width Au Ag Cu
(m) (m) (m) (g/t) (g/t) (%)
BDD0001 27 51 24 0.72 2.3 0.04
BDD0001 73 86 13 0.68 1.5 0.04
BDD0001 135 170 35 0.41 10.9 0.63
BDD0002 48 107 59 2.20 6.2 0.13
including 51 53 2 16.70 16.7 0.02
including 65 66 1 20.90 17.5 0.10
BDD0002 118 136 18 1.92 7.2 0.21
including 129 130 1 21.70 8.1 0.13
BDD0002 153 195 42 0.70 15.6 0.51
BDD0003 9 29 20 4.26 6.2 0.06
including 11 12 1 23.00 14.4 0.01
BDD0004 35 64 29 1.47 5.9 0.11
Drilling is continuing and assays are pending from multiple recent holes from the Azteca target area. In addition to drilling, Cayden is also continuing its trenching, mapping and surface programs throughout the Barqueno I concession as well as on the Barqueno II concession.
President and chief executive officer Ivan Bebek stated: "We are very pleased with the initial results of our ongoing drill program and look forward to more exciting results. The first four holes have successfully confirmed the presence of significant gold mineralization in the original structure and have also identified two new structures suggesting that the system may be bigger than previously realized."
$CDKNF - $CYD.V - IIROC Trading Resumption - CYD
VANCOUVER, Oct. 16, 2013 /CNW/ - Trading resumes in:
Company: Cayden Res Inc.
TSX-Venture Symbol: CYD
http://web.tmxmoney.com/article.php?newsid=63281007&qm_symbol=CYD
$CDKNF - $CYD.V - Cayden drills 59 m of 2.2 g/t gold at El Barqueño
http://web.tmxmoney.com/article.php?newsid=63280764&qm_symbol=CYD
Stock halted pending news!! Either money from Goldcorp outstanding payment or even better another sale to Goldcorp??
Higher move today as Gold spot price higher on rejection of taper.
Lets see how CYD does next few days.A break over 2.00 will be significant.Goldcorp payment due any day
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