Cayden Samples 21 m of 8.3 g/t Gold at El Barqueno
Published : June 03, 2013
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Keywords :   Diamond | G Mexico | Gold | Market | Mexico |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 3, 2013) - Cayden Resources Inc. (News - Market indicators) ("Cayden" or the "Company") is pleased to announce that it has received additional results from ongoing trenching programs at its El Barqueño property located in Jalisco State, Mexico. Highlights include: 21 meters of 8.3 g/t Au, including 4 meters of 20.3 g/t Au; 54 meters of 1.1 g/t Au; and 13 meters of 2.4 g/t Au. 

The trenches were taken from the Azteca target area where two parallel fault zones contained abundant vein and stockwork-controlled mineralization. The Azteca target area is one of the many areas on the property where wide zones of hydrothermal alteration and networked quartz veins occur at surface. The strike length of mineralization revealed by the assayed trenches is 1.4 kilometers and the system is open in both directions. Assay results continue to reveal that gold occurs in the veins and wall rock, indicating the strong potential for a bulk mineable epithermal deposit. (See Figure 1 below or visit our website to see the map.)

Table 1. Trench results from the Azteca Area at El Barqueño.
Intercept
  Width
(m)
  Grade
(g/t)
  Open
  Intercept
  Width
(m)
  Grade
(g/t)
  Open
AZ2-1   5   2.5       AZ2-10   11   1.3    
AZ2-2   24   1.5       AZ2-11   13   2.3   Yes
  incl.   1   11.2         incl.   1   16.9    
AZ2-4   21   8.3   Yes   AZ2-12   13   2.4   Yes
  incl.   4   20.3       Z-4a   54   1.1   Yes
  and   1   16.5       Z-4b   12   1.6    
  and   1   22.2         incl.   1   11.2    

Geological mapping and sampling programs are underway in several other target areas on the property where the same type of hydrothermal alteration and networked quartz veins occur at surface. Cayden plans to commence an initial 25-hole Diamond drill program this summer at the Azteca target area.

Ivan Bebek, President and CEO commented, "These trench results are very impressive as they continue to indicate strength and continuity of the gold system in one of several target areas that we are exploring. We feel that the El Barqueño property represents a significant opportunity for the discovery of a district scale, bulk mineable gold system."

David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at El Barqueño. All trench intercepts were obtained from continuous channel sampling at one-meter intervals, primarily through excavated trenches. As the mapped mineralized corridors strike EW to ENE, trenches were designed to intersect the mineralization as close to perpendicular as possible. It is believed that the trench intercepts represent 70-100 percent of the true width. Intercepts were calculated assuming a bulk-mining scenario, with a width cutoff of five meters and grade cutoff of 0.5 g/t Au. The wider intercepts have, at maximum, five consecutive meters less than 0.2 g/t at which time two intercepts were composited. Any samples greater than 10 g/t Au are noted in the intercept table.

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 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.

Forward-Looking and other Cautionary Information 

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.

To view the figure associated with this press release, please visit the following link: http://media3.marketwire.com/docs/Fig1_877913.pdf.

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

Cayden Resources Inc.
Ivan Bebek
President and CEO
778-729-0600 or Toll Free 800-863-8655
604-683-8194 (FAX)
info@caydenresources.com
www.caydenresources.com
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Cayden Resources Inc.

CODE : CYD.V
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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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