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.”
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