Cayden Commences Drilling on the La Magnetita Target
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/06/12 -- Cayden Resources Inc. (TSX VENTURE: 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 Mexico's 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 www.caydenresources.com.
Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Cayden Resources Inc.
Ivan Bebek
President and CEO
(778) 729-0600
www.caydenresources.com
