Cayden Resources Inc.

Published : May 16th, 2012

Identifies Significant Gold In Soil Anomaly At La Magnetita

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Cayden identifies significant gold in soil anomaly at La Magnetita

Vancouver, British Columbia � March 16th, 2012Cayden Resources Inc. (TSX.V:CYD) (�Cayden� or the �Company�) is pleased to announce that it has now received over 1200 assays from its La Magnetita and La Joya soil program (see website for map) which indicate an extensive gold anomalous area that is up to 5 km in an EW direction by 2 km in a NS direction. The soil anomaly strongly suggests that the La Magnetita and La Joya targets are part of the same very large hydrothermal system. Cayden is currently planning a drill program in the western portion of the La Magnetita anomaly where the most extensive surface work has been completed. There are presently over 2000 meters of trench samples in the assay lab and the Company is creating a detailed geologic map from outcrop and trench exposures that it will use to refine drill targets. The Company anticipates drilling a minimum of 6000 meters by reverse circulation once all the trench assays have been received. 

Cayden�s President and CEO Ivan Bebek states: �We are very impressed with the extent of the gold in soil anomaly. We now see what appears to be a hydrothermal system at La Magnetita, rather than the two previously described as La Magnetita and La Joya. The extensive surface work done to date, which coincides with the large magnetic anomaly previously revealed by airborne geophysics, strongly enhances the odds of discovering a very large gold deposit in this prolific area.  We are planning to commence our drill program in May once we receive the outstanding trench results.  Cayden is continuing to drill at Las Calles and expects to release more results from there in the near future.�

David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at Morelos Sur. Soil samples are taken on 25 meter centers on lines spaced 100 meters apart. 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.

On Behalf of the Board,

Ivan Bebek, President and CEO 

About Cayden Resources

Cayden is a well financed junior mining company focused on delivering shareholder value through the acquisition, exploration and development of precious metal projects located in the USA and Mexico. The management team at Cayden is highly experienced with an impressive track record of success in the discovery, development and financing of mineral projects. Cayden is also strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighboring communities. Cayden trades on the TSX Venture Exchange under the symbol �CYD�.

For more information on Cayden Resources, please visit our website at www.caydenresources.com.

Forward Looking and other Cautionary Information

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.  The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

 

Figure 1 - La Magnetita soil program

1nr may15 map

 

 



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Cayden Resources is a gold exploration company based in Canada.

Cayden Resources is listed in Canada. Its market capitalisation is CA$ 99.9 millions as of today (US$ 87.3 millions, € 70.1 millions).

Its stock quote reached its highest recent level on January 07, 2011 at CA$ 4.74, and its lowest recent point on May 10, 2013 at CA$ 0.64.

Cayden Resources has 41 610 000 shares outstanding.

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Financings of Cayden Resources Inc.
8/8/2012arranges a Non=2DBrokered Private Placement for $4.2 Million
Nominations of Cayden Resources Inc.
4/23/2012Appoints David M. Jones and Russell Starr to its Board of Di...
6/24/2011Adds To Its Board Of Directors
Project news of Cayden Resources Inc.
8/22/2013Samples 29 m of 3.1 g=2Ft Gold at El Barque=C3=B1o in a new ...
8/12/2013(Morelos Sur)Announces Drill Results From La Magnetita=2C Morelos Sur Con...
8/12/2013(Morelos Sur)Announces Drill Results from La Magnetita, Morelos Sur Conce...
7/18/2013Samples 35 M Of 3.0 G=2FT Gold At El Barque=C3=B1o And Disco...
9/17/2012Provides Updates On Mexican Projects
7/4/2012Expands The La Magnetita Target Area
4/18/2012Options the El Barque=C3=B1o Gold Property in Mexico=E2??s S...
3/23/2012Intersects 18.3 meters of 119 g=2Ft Silver=2C 2.73% Zinc and...
12/2/2011(Morelos Sur)Commences Drilling at Quartz Mountain Silver-Gold Project an...
9/8/2011to Commence Drilling at its Wildcat Copper-Gold Project Loca...
8/22/2011(Morelos Sur)Discovers New Mineralized Zone at Morelos Sur Gold Property ...
3/31/2011(Morelos Sur)Cayden Resources Provides Morelos Sur Gold Project Update
Corporate news of Cayden Resources Inc.
9/8/2014Agnico Eagle to Acquire Cayden Resources
3/28/2014drills 20m of 1.7 g/t Au at Azteca and adds second drill to ...
12/20/2013Grants Stock Options
9/4/2013Discovers More High Grades in Trenches at El Barqueno, Exten...
8/22/2013Samples 29 m of 3.1 g/t Gold at El Barqueno in a New Target ...
8/1/2013Clarifies Technical Disclosure
7/18/2013Samples 35 m of 3.0 g/t Gold at El Barqueño and Discovers Tw...
7/2/2013acquires 36=2C700 hectares around El Barque=C3=B1o
6/25/2013Samples 13 m of 8.3 g=2Ft Gold at El Barque=C3=B1o
6/25/2013Samples 13 m of 8.3 g/t Gold at El Barqueno
6/25/2013Samples 13 m of 8.3 g/t Gold at El Barqueno
6/3/2013Samples 21 M Of 8.3 G=2FT Gold At El Barque=C3=B1o
6/3/2013Samples 21 m of 8.3 g/t Gold at El Barqueno
5/10/2013samples 91m of 2.9 g=2Ft Gold at El Barque=C3=B1o
5/7/2013Provides A Corporate Update
2/1/2013(Morelos Sur)Sells a Fraction of its Morelos Sur Gold Concession
1/31/2013(Morelos Sur)Divides Morelos Sur Gold Concession and Re=2Dnegotiates Roya...
9/25/2012Commences Drilling At The La Magnetita East Target
8/16/2012Raises CAD$5.1 Million Through A Non=2DBrokered Private Plac...
7/26/2012Intercepts 20 Meters Of 6.39 G=2FT Gold In New Trench At La ...
7/10/2012Drills 28.5 Meters Of 3.21 G=2FT Au At Las Calles
6/6/2012Commences Drilling On The La Magnetita Target
5/31/2012Intercepts 24 m of 1.65 g=2Ft Gold in New Trench at La Magne...
5/16/2012Identifies Significant Gold In Soil Anomaly At La Magnetita
3/30/2012discovers new lower zone containing significant gold=2C silv...
3/5/2012Drills 14 meters of 4.2 g=2Ft Au at Las Calles and trenches ...
2/15/2012Intersects 15.2 meters of 188 g/t Silver, 5.3% Zinc and 4.7%...
5/19/2011Options Nevada Silver-Gold Properties
5/4/2011(Morelos Sur)Drills 15.3 Meters of 7.3 g/t Au at the Morelos Sur Gold Pro...
4/15/2011Graduates To Tier 1 On The TSX Venture Exchange
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