The program was designed to confirm, expand and to test new mineralized targets in the Mina Verde area. The results confirmed significant high-grade mineralization in the Mina Verde area in drill holes such as LCDD0013 (15.3 metres of 7.3 grams per tonne Au) and LCDD0017 (20.2 metres of 3.3 grams per tonne Au). Further, step-out holes to the southwest (LDD0016: 9.6 m of 5.8 g/t Au) and to the northwest (LCDD004: 6.0 metres of 2.3 g/t Au) have successfully expanded the known mineralization. LCDD0002, the farthest south of Cayden’s holes (1.2 kilometres from the existing Mina Verde resource), encountered 13 metres of 0.90 g/t Au in a felsic volcanic unit, which was previously thought to be postmineral cover. This intercept reveals significant potential due to the large extent of the felsic volcanic host rock.
President and chief executive officer Ivan Bebek states: “We are very pleased with the preliminary drilling results and look forward to continued success from our core and RC drilling programs. With the completion of the VTEM survey and our ability to access and drill the Las Calles area, we look forward to realizing the full potential of the Morelos Sur gold project.”
Click here to read Cayden Resource’s press release on their recent results.