🕐06.06.12 - 15:54 Uhr
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Cayden Commences Drilling on the La Magnetita Target
Vancouver, British Columbia – June 6, 2012 – Cayden Resources Inc.
(TSX.V:CYD) (“Cayden” or the “Company”) is pleased to announce that it
has mobilized a reverse circulation drill rig and commenced drilling at
its La Magnetita target on its 100% owned Morelos Sur Gold Project in
Guerrero State, Mexico.
The drill program will test the depth
extensions of 24-58 meter long + 0.5 g/t Au trench intercepts (see
previous NR’s dated March 5, 2012 and May 31, 2012).
The area from
which trench results have been received covers approximately 20% of the
initial 5 km long, strong gold in soil anomaly (see NR dated May 16,
2012).
Cayden has several assays in the lab from new trenches, which
will likely provide additional targets in the near future.
Cayden started at La Magnetita with a fairly raw prospect underlain by
a very prospective magnetic anomaly.
Each successive stage of
exploration, from stream sediments, to soils and trenching has
successfully identified gold anomalies supporting the theory that the
target could host a large gold deposit similar to the other gold
deposits discovered in the Guerrero Gold Belt.
Dan McCoy, Chief
Geologist for Cayden states: “the opportunity to drill La Magnetita is
significant, as it is rare to find so many consistent preliminary
indicators in a prolific world class gold belt.”
David Jones, a director of Cayden who is credited with the discovery of
the Los Filos gold-skarn deposit, which became Mexicos largest
producing gold mine, commented: “The exploration target at La Magnetita
is centered on a hydrothermal system impressive for its size, strength,
and continuity.
Drilling will add the important third dimension and a
test of its bulk tonnage potential."
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 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 please visit our website at
[2]www.caydenresources.com
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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.
Copyright © 2012 Cayden Resources, All rights
reserved.
You are receiving this email because you subscribed at our website.
Our mailing address is:
Cayden Resources
700-1199 West Hastings Street
Vancouver, BC V6E 3T5
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