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.
