Cayden Resources (CVE:CYD) announced Thursday high grade gold in a new trench from its La Magnetita target at the Morelos Sur gold project in central Guerrero State, Mexico.
Highlights include 20 metres of 6.39 grams per tonne (g/t) gold, including 6 metres of 14.4 g/t gold.
Also, further along the trench, Cayden said it intercepted 27 metres of 0.48 g/t gold, and 17 metres of 0.62 g/t gold.
The intercepts are located in the western portion of the 7.3 square kilometre gold in soil anomaly outlined earlier this year.
Cayden has already begun drilling one of the western anomaly targets and is currently awaiting results, it said.
trench samples from both the eastern and western anomaly targets have
also been completed, with results pending as well.
to be very excited about these indications of high grade results from
the La Magnetita trenches and we look forward to testing the depth
extensions with our current drill program," said president and CEO, Ivan
"While drilling the western portion of the La Magnetita
anomaly we are completing extensive trenching and surface exploration on
the eastern portion of the significant La Magnetita anomaly where we
expect results shortly."
Earlier this month, the company said it
received more than 2,000 additional results from its La Magnetita soil
program, increasing the area of the gold-in-soil anomaly to over 7.3
It was previously though the anomaly extended up to 5 km in an east-west direction.
June, the first batch of trench assays from the La Magnetita prospect
included 24 metres of 1.65 g/t gold, 25 metres of 0.72 g/t gold, and 25
metres of 0.52 g/t gold.
Cayden currently has three projects located in Guerrero and Jalisco, Mexico, and Nevada, USA.