Cayden Resources Inc. (CYD.V, CDKNF) is a junior mining company focused on delivering shareholder value through the acquisition, exploration and development of precious metal projects in Mexico continues to make progress. In fact, just yesterday Cayden announced results for 14 additional drill holes from the Pena de Oro target ( “Pena”) at the Company’s El Barqueno Gold Property in Jalisco State, Mexico. Highlights include 54 meters of 1.36 g/t Au with 0.52% Cu in hole 72 and 68 meters of 0.91 g/t Au with 0.27% Cu in hole 65.
The results at Pena were reported to increase the strike length of mineralization to over 500 meters and the maximum vertical depth tested is 110 meters. The brecciation and width of mineralization appears to be increasing to the west and at depth. The extent of this mineralization will be tested when additional permits are received. The Pena structure remains open in all directions. Only one of three mineralized structures recently identified by mapping and geophysics has been partially drilled. Please visit Cayden’s website at www.caydenresources.com for a drill location map.
There are also 11 additional holes pending assay from the initial Pena drill program and an extensive second phase of drilling will take place later in the year. The drill has been moved to the Angostura target where drilling has commenced and once an initial phase of drilling is complete, the rig will be moved to the Zapote target area. The Company is planning to expand its exploration and drill programs considerably once it receives additional permits that are anticipated in Q3 and Q4 of this year.
President and CEO Ivan Bebek stated: “The El Barqueno project continues to deliver impressive grade and widths of mineralization throughout multiple identified targets which are being tested from surface. We believe that Cayden has the potential to discover a new gold-copper district in a highly favorable jurisdiction in Mexico. The second half of this year will be exciting for shareholders as we plan to advance and drill some of our highest priority targets.”
Please see the table below for the new drill results from the Peña de Oro target at El Barqueño:
Hole ID
From
To
Width
Gold (g/t)
Ag (g/t)
Cu (%)
BDD0058
76
109
33
0.36
3.8
0.4
BDD0058
118
154
36
0.79
4.7
0.5
BDD0059
98
128
30
1.48
2
0.18
including
123
124
1
21.6
13.7
0.95
BDD0060
0
28
28
1.17
1.3
0.09
including
21
22
1
11.6
3.2
0.02
BDD0061
69
82
13
0.24
4
0.41
BDD0061
98
100
2
0.68
4.4
0.53
BDD0061
106
156
50
0.57
4.7
0.55
BDD0062
12
27
15
0.84
0.8
0.07
BDD0063
56
75
19
1.4
2.9
0.26
BDD0064
0
24
24
0.66
2.2
0.02
BDD0065
10
78
68
0.91
3.1
0.27
including
50
51
1
17.6
26
1.89
BDD0067
12
14
2
3.63
7.3
0.85
BDD0067
29
35
6
0.33
3.3
0.41
BDD0067
49
66
17
2.66
5.3
0.58
including
53
55
2
13.7
12.3
1.08
BDD0068
7
23
16
0.24
0.9
0.29
BDD0068
29
47
18
1.07
1.4
0.03
BDD0068
53
62
9
0.21
5.6
0.22
BDD0068
82
95
13
0.08
4.2
0.21
BDD0069
14
18
4
0.48
1.9
0.25
BDD0069
27
70
43
0.95
3.5
0.47
including
56
57
1
11.2
10.7
1.16
BDD0069
84
94
10
0.17
4
0.43
BDD0070
0
23
23
1.54
2.1
0.12
including
9
10
1
10.5
3.2
0.03
BDD0070
106
108
2
0.88
3.6
0.53
BDD0071
92
122
30
0.73
3.5
0.31
BDD0072
41
46
5
0.72
4
0.58
BDD0072
61
115
54
1.36
5
0.52
Qualified Person – David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at Barqueño. All core from this release is drilled at HQ 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. As the mapped mineralized corridors strike EW to ENE, the drill holes were designed to have azimuths perpendicular or as close to perpendicular to the strike as the permitted pads would allow. As this is the first drill program by Cayden at Peña de Oro, the dips of the main structure are not entirely known but are believed to dip steeply to moderately to the south based on mapping and historical work, and thus the intercepts are estimated to represent 60-90% of the true width. Intercepts were calculated assuming a bulk-mining scenario. No intercepts were reported that averaged less than 0.5 g/t Au and/or 0.2 % Cu and no intercepts have more than six consecutive meters of less than 0.2 g/t and/or 0.2% Cu, or begin or end with values less than 0.2 g/t and/or 0.2% Cu.
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The post A Vista Partners’ Commentary “Cayden Resources (CYD.V) (CDKNF) Announced New Drill Results with Gold Copper Mineralization at Peña de Oro Target at El Barqueño in Jalisco State, Mexico” appeared first on Vista Partners.