🕐26.07.12 - 15:54 Uhr
=?UTF-8?Q?CAYDEN=20INTERCEPTS=2020=20METERS=20OF=206.39=20G=2FT=20GOLD=20IN=20NE W=20TRENCH=20AT=20LA=20MAGNETITA
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Cayden Intercepts 20 Meters Of 6.39 G/T Gold In New Trench At La Magnetita
Vancouver, British Columbia – July 26th, 2012 – Cayden Resources Inc.
(TSX.V:CYD) (“Cayden” or the “Company”) is pleased to announce that it
has sampled high grade gold values in a new trench from it’s La
Magnetita target in the 100% owned Morelos Sur Gold project located in
central Guerrero State, Mexico.
Highlights include 20 meters of 6.39
g/t Au including 6 meters of 14.4 g/t Au.
Also, further along the
trench, Cayden intercepted 27 meters of 0.48 g/t Au, and 17 meters of
0.62 g/t Au (please see [2]www.caydenresources.com for a location map
and previous news releases for locations of other trenches from the
current program) These intercepts are located in the western portion of
the 7.3 square kilometer gold in soil anomaly outlined earlier this
year (see NR dated July 4, 2012).
Cayden has begun drilling one of the
western anomaly targets (seen NR dated June 6^th) and is currently
awaiting results.
Extensive, additional trench samples from both the
eastern and western anomaly targets have been completed and are pending
assay.
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Cayden’s President and CEO Ivan Bebek commented: “We continue to be
very excited about these indications of high grade results from the La
Magnetita trenches and we look forward to testing the depth extensions
with our current drill program.
While drilling the western portion of
the La Magnetita anomaly we are completing extensive trenching and
surface exploration on the eastern portion of the significant La
Magnetita anomaly where we expect results shortly.”
David Hladky, P.
Geo.
is the Qualified Person with respect to NI 43-101
at Morelos Sur.
All trench samples are obtained from continuous channel
sampling at one to two meter intervals.
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 trench.
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
[3]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.
Figure 1 – Cayden’s La Magnetita Trench Results:
map nr-1
Copyright © 2012 Cayden Resources, All rights
reserved.
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Cayden Resources
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