Vancouver, British Columbia – September 8, 2011 – Cayden Resources Inc. (TSX.V: CYD) (“Cayden” or the “Company”) is pleased to announce it has received permitting for a twelve hole, 2200 meter diamond drill program at its Wildcat copper-gold project located in the Omineca Mining Division of north-central British Columbia, Canada.
Cayden’s phase one drilling program will consist of step-out drilling on previously intersected copper-gold porphyry style mineralization in a permissible host rock of a monzonite intrusion. The drilling program will also focus on several other completely glacial till covered areas within this same monzonite intrusion and airborne resistivity features. All potential combinations for porphyry style deposit occurrences. Drilling will commence at Wildcat as soon as site preparation, which has already started, is completed.
Monzonite hosts and is enveloped by the ore at Thompson Creek’s Mount Milligan copper-gold property which is located 12 kilometers from the Wildcat property. The Mount Milligan copper-gold property has reserves containing 2,124 million lbs Cu and 6.02 million oz Au that is scheduled to go into production in 2013.
Cayden is also continuing drilling the La Hormiga target at the Morelos Sur Property in Guerrero, Mexico where assays from several holes are currently pending.
President and CEO Ivan Bebek states, “Cayden is encouraged by the widths of anomalous mineralization from past drill holes at Wildcat and the geophysical data defining the current targets. In addition to the potential of a significant gold discovery at Cayden’s Morelos Sur project in Mexico, we have an excellent opportunity for a copper-gold porphyry discovery next to a nearby mine at the Wildcat property.”
On Behalf of the Board,
Ivan Bebek, President and CEO
Ben Gelber, P. Geo., is the Qualified Person with respect to NI 43-101 at the Wildcat property.
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 on Cayden Resources, please visit out website at www.caydenresources.com.
Forward Looking and other Cautionary Information
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