🕐30.03.12 - 16:27 Uhr
=?UTF-8?Q?CAYDEN=20DISCOVERS=20NEW=20LOWER=20ZONE=20CONTAINING=20SIGNIFICANT=20G
OLD,=20SILVER=20AND=20COPPER=20AT=20LAS=20CALLES
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Cayden discovers new lower zone containing significant gold, silver and
copper at Las Calles
Vancouver, British Columbia – March 30, 2012 – Cayden 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 [2]www.caydenresources.com
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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 5^th, 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:
[3]1cayden drill_march
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Figure 2:
[4]1cayden geonr_march
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Copyright © 2012 Cayden Resources, All rights
reserved.
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Our mailing address is:
Cayden Resources
700-1199 West Hastings Street
Vancouver, BC V6E 3T5
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