VANCOUVER, BRITISH COLUMBIA, May 31, 2012 (MARKETWIRE via COMTEX) — Cayden Resources Inc. /quotes/zigman/1554410 CA:CYD -3.48% (“Cayden” or the “Company”) is pleased to announce that it has received new trench assays from the La Magnetita prospect at its Morelos Sur Gold Project. Highlights include 24m of 1.65 g/t Au, 25m of 0.72 g/t Au, and 25m of 0.52 g/t Au. The intercepts are in the western part of the five km long soil anomaly (see NR dated May 16, 2012). To date, approximately one km of the anomaly has had extensive road and trench construction with the mineralized trenches occurring over a 700m strike length (please see www.caydenresources.com for a trench location map). An additional 363 trench samples are pending assay and will be released shortly. In addition, Cayden has also been constructing a detailed geologic map of the La Magnetita area and has begun drill pad construction. The Company expects to begin drilling at La Magnetita within a week’s time.
Cayden’s President and CEO, Ivan Bebek, states: “Despite only receiving assays from less than 20% of the extensive La Magnetita gold-in-soil anomaly, we are excited to begin drilling while simultaneously continuing the expansion of our trench and road network to fully cover this large anomaly. Cayden is also continuing its drill program at Las Calles and expects to release more results from there in the near future.”
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, please visit the following link: http://media3.marketwire.com/docs/cyd531i.pdf .
Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Cayden Resources Inc.
President and CEO
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