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Cayden Resources Inc.

Publié le 30 mars 2012

discovers new lower zone containing significant gold=2C silver and copper at Las Calles

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Mots clés associés :   Copper | G Mexico |

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Cayden discovers new lower zone containing significant gold, silver and copper at Las Calles

 Vancouver, British Columbia � March 30, 2012Cayden Resources Inc. (TSX.V:CYD) (�Cayden� or the �Company�) is pleased to announce that it has received an additional drill result from drilling at the Las Calles target at the Morelos Sur Gold property, Mexico. The drill hole was drilled deeper than any of the previous core holes in the area and intercepted a lower zone of mineralization that the Company has been targeting. The drill hole (LCDD0094) returned an intercept of 41.7 meters of 1.02 g/t Au, 209 g/t Ag, and 0.38% Cu which occurs in and at the contact of, an extremely fractured and iron oxide-rich diorite sill. Additional drill holes have been completed in the area and assay results are pending. This hole supports the hypotheses of the existence of a deeper, higher grade lateral extension of the ore body currently being mined on the adjacent property. The drill hole locations are shown at www.caydenresources.com

Drilling at Las Calles is ongoing utilizing three drills.

Table 1.  New Intercepts from Las Calles Drilling

Hole ID

From

To

Width (m)

Au (g/t)

Ag (g/t)

Cu (%)

Au equiv (g/t)

Ag equiv (g/t)

LCDD0094

89.9

102.0

12.2

1.56

74

0.04

2.99

157

LCDD0094

259.0

264.0

5.0

1.64

90

0.43

4.00

207

LCDD0094

302.2

344.9

41.7

1.02

209

0.38

5.60

263

*Silver and Gold equivalent grades have been determined using the approximate spot rate for each metal at the time of the release. The metal prices applied in the conversion are as follows: Gold - $1682/Ounce; Silver - $32.5/Ounce; Copper - $3.85/lb, assuming 100% recoveries. The silver and gold equivalent grades are presented for comparative purposes only and are not intended to assess economic feasibility.

 La Magnetita Target Update

The Company has received its first soil results from the La Magnetita target, which are coincident with previously released trench results (see NR dated March 5th, 2012).  These geochemical soil results indicate an area of gold mineralization that now exceeds 1.4kms in strike length. The Company is waiting for approximately 4 square km of further results on the La Magnetita soil grid. Cayden has also extended the initial La Magnetita trench further into the area of the anomalous soils and has cut additional surrounding trenches for which results are expected shortly.

Cayden�s President and CEO Ivan Bebek states: �We are very pleased to see the hypothesized deeper zone at our Las Calles target return such significant mineral values between two producing pits. The success of the holes in the Las Calles target give room for significant value to be added in the near term. We are also very pleased to see the increasing strength of the La Magnetita target ahead of an initial 6000 meter drill program.�

David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at Morelos Sur. All core is drilled at HQ or NQ 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. Intercepts were calculated using a minimum of a 0.2 g/t cut off at beginning and end of the intercept and allowing for no more than six consecutive samples (six meters) of less than 0.2 g/t Au. The Company has not yet determined the true width for each hole, but based on previous Grupo Mexico drilling, most of the true widths at Mina Verde are believed to be at least 70% of the drilled widths.

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 located throughout the Americas.  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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) 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:

1cayden drill_march

 

Figure 2:

1cayden geonr_march

 



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Cayden Resources est une société d’exploration minière d'or basée au Canada.

Cayden Resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 99,9 millions CA$ (87,3 millions US$, 70,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 07 janvier 2011 à 4,74 CA$, et son plus bas niveau récent le 10 mai 2013 à 0,64 CA$.

Cayden Resources possède 41 610 000 actions en circulation.

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Financements de Cayden Resources Inc.
08/08/2012arranges a Non=2DBrokered Private Placement for $4.2 Million
Nominations de Cayden Resources Inc.
23/04/2012Appoints David M. Jones and Russell Starr to its Board of Di...
24/06/2011Adds To Its Board Of Directors
Projets de Cayden Resources Inc.
22/08/2013Samples 29 m of 3.1 g=2Ft Gold at El Barque=C3=B1o in a new ...
12/08/2013(Morelos Sur)Announces Drill Results From La Magnetita=2C Morelos Sur Con...
12/08/2013(Morelos Sur)Announces Drill Results from La Magnetita, Morelos Sur Conce...
18/07/2013Samples 35 M Of 3.0 G=2FT Gold At El Barque=C3=B1o And Disco...
17/09/2012Provides Updates On Mexican Projects
04/07/2012Expands The La Magnetita Target Area
18/04/2012Options the El Barque=C3=B1o Gold Property in Mexico=E2??s S...
23/03/2012Intersects 18.3 meters of 119 g=2Ft Silver=2C 2.73% Zinc and...
02/12/2011(Morelos Sur)Commences Drilling at Quartz Mountain Silver-Gold Project an...
08/09/2011to Commence Drilling at its Wildcat Copper-Gold Project Loca...
22/08/2011(Morelos Sur)Discovers New Mineralized Zone at Morelos Sur Gold Property ...
31/03/2011(Morelos Sur)Cayden Resources Provides Morelos Sur Gold Project Update
Communiqués de Presse de Cayden Resources Inc.
08/09/2014Agnico Eagle to Acquire Cayden Resources
28/03/2014drills 20m of 1.7 g/t Au at Azteca and adds second drill to ...
20/12/2013Grants Stock Options
04/09/2013Discovers More High Grades in Trenches at El Barqueno, Exten...
22/08/2013Samples 29 m of 3.1 g/t Gold at El Barqueno in a New Target ...
01/08/2013Clarifies Technical Disclosure
18/07/2013Samples 35 m of 3.0 g/t Gold at El Barqueño and Discovers Tw...
02/07/2013acquires 36=2C700 hectares around El Barque=C3=B1o
25/06/2013Samples 13 m of 8.3 g=2Ft Gold at El Barque=C3=B1o
25/06/2013Samples 13 m of 8.3 g/t Gold at El Barqueno
25/06/2013Samples 13 m of 8.3 g/t Gold at El Barqueno
03/06/2013Samples 21 M Of 8.3 G=2FT Gold At El Barque=C3=B1o
03/06/2013Samples 21 m of 8.3 g/t Gold at El Barqueno
10/05/2013samples 91m of 2.9 g=2Ft Gold at El Barque=C3=B1o
07/05/2013Provides A Corporate Update
01/02/2013(Morelos Sur)Sells a Fraction of its Morelos Sur Gold Concession
31/01/2013(Morelos Sur)Divides Morelos Sur Gold Concession and Re=2Dnegotiates Roya...
25/09/2012Commences Drilling At The La Magnetita East Target
16/08/2012Raises CAD$5.1 Million Through A Non=2DBrokered Private Plac...
26/07/2012Intercepts 20 Meters Of 6.39 G=2FT Gold In New Trench At La ...
10/07/2012Drills 28.5 Meters Of 3.21 G=2FT Au At Las Calles
06/06/2012Commences Drilling On The La Magnetita Target
31/05/2012Intercepts 24 m of 1.65 g=2Ft Gold in New Trench at La Magne...
16/05/2012Identifies Significant Gold In Soil Anomaly At La Magnetita
30/03/2012discovers new lower zone containing significant gold=2C silv...
05/03/2012Drills 14 meters of 4.2 g=2Ft Au at Las Calles and trenches ...
15/02/2012Intersects 15.2 meters of 188 g/t Silver, 5.3% Zinc and 4.7%...
19/05/2011Options Nevada Silver-Gold Properties
04/05/2011(Morelos Sur)Drills 15.3 Meters of 7.3 g/t Au at the Morelos Sur Gold Pro...
15/04/2011Graduates To Tier 1 On The TSX Venture Exchange
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