By Joel Scanlon
Mining company, Cayden Resources declared that it has received the latest drilling results from the Las Calles target at the Morelos Sur Gold property in Mexico.
The LCDD0094 drill hole, which was drilled deeper than other core holes in the region, encountered a lower zone of mineralization. This hole returned an intercept of 41.7 m of 209 g/t silver, 1.02 g/t gold, and 0.38% copper which occur at the contact of diorite sill rich in iron oxide.
The company has completed additional drill holes in the region and assay results of these holes are still pending. The LCDD0094 drill hole indicates the occurrence of a lateral extension of ore body, which is presently being excavated on the adjoining property. Drilling is ongoing at the Las Calles target using three drills.
Equivalent grades of gold and silver have been verified by utilizing the estimated spot rate for each metal.
The geochemical soil results from the La Magnetita target coincide with the prior released trench results. These soil results specify a region of gold mineralization that surpass 1.4 km in strike length. Cayden Resources is expecting further results from the La Magnetita soil grid. Additionally, the company has extended the preliminary La Magnetita trench into the region of the anomalous soils and has intersected the surrounding trenches. Results of these trenches will be released shortly.
Ivan Bebek, President and CEO at Cayden Resources commented that the company is happy to intercept considerable mineral values amid two trenches. It is also pleased to observe the growing strength of the La Magnetita target ahead of a preliminary 6000 m drill campaign.