Cayden Resources Inc. (TSXV:CYD) has released results for fourteen additional drill holes at the Peña de Oro target at Cayden’s El Barqueño Gold Property in the state of Jalisco in Mexico. Highlights of the results included 54 meters of 1.36 g/t Gold with 0.52% Copper in hole 72 and 68 meters of 0.91 g/t Gold with 0.27% Copper in hole 65.
As quoted in the press release:
There are 11 additional holes pending assay from the initial Peña 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.
Cayden CEO, Ivan Bebek, said:
The El Barqueño 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.
Is the “looming copper supply crunch” fact or fiction? It’s time to debunk a few industry myths.Learn everything an investor needs to know about copper supplies and demands. Click below to download a FREE industry report on copper investing.
Send me the report!
Click here to download for free