VANCOUVER, BRITISH COLUMBIA, Jul 26, 2012 (MARKETWIRE via COMTEX) — Cayden Resources Inc. /quotes/zigman/1554410 CA:CYD 0.00% (“Cayden” or the “Company”) is pleased to announce that it has sampled high grade gold values in a new trench from its 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 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 6th) and is currently awaiting results. Extensive, additional trench samples from both the eastern and western anomaly targets have been completed and are pending assay.
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 www.caydenresources.com .
To view Figure 1 – Cayden’s La Magnetita Trench Results, please visit: http://media3.marketwire.com/docs/cyd726_F1.pdf .
Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Cayden Resources Inc.