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July 12, 2010
Dear Shareholder:
The company plans to begin a surface exploration program on the Windflower property within the next two weeks. The purpose of the program will be to further explore and develop two known gold-silver occurrences on the claims known as the Dorothy zone and the Goldfinch zone.
The work will consist of surface trenching and sampling in an effort to delineate the total size of the Dorothy and Goldfinch zones, as well as to explore the possibility that each may be part of a much larger mineral occurrence. Trenching and sampling will be followed up by diamond drilling to explore the zone(s) to depth.
We are still waiting for permission from the Ministry of Mines to dewater the underground working and extract a 10,000 ton bulk sample from the Dorothy zone. The application for a permit is in the hands of a mining inspector based in Kamloops.
We have extended the closing date for the Convertible Debenture to August 31, 2010. We feel the debenture is one of the best and safest investments that you will find and your money is secured by the Windflower property. You will receive a 12% interest on your investment and be able to say that you own part of a gold mine. If you have a self-directed RRSP, this is an excellent opportunity to take advantage of money that is already in your portfolio.
You will note from the enclosure that we have lost our director, Ray Spinks to cancer. We are deeply feeling the loss of this special man. He was very dedicated and popular with all who knew him. Our thoughts are with his family at this moment.
Sincerely,
Alex Briden
President & CEO
July 12, 2010
NEWS RELEASE
CAYENNE GOLD MINES DIRECTOR SPINKS DIES
Mr. Alex Briden reports:
On behalf of everyone at Cayenne Gold Mines Ltd. it is my sad duty to inform you that our colleague and friend Ray Spinks passed away on Friday July 9, just 6 days shy of his 80th birthday. He had fought a courageous battle against cancer over the past year.
Ray was an integral member of our team, having brought the Windflower property to my attention and eventually selling his portion to Cayenne in 2003. Ray was one of a passing breed of prospectors, miners and entrepreneurs who spent his entire life working in the mining community. He was always optimistic, friendly and enthusiastic about his involvement in the exploration and mining industry. He had a remarkable memory and a wide circle of friends, largely in Western Canada.
Ray is survived by his wife Gladys, two daughters and one son plus many grandchildren. He will be greatly missed by Cayenne as he was in touch on a daily basis providing encouragement and sound advice on the Windflower project which was so dear to him for many years.
WE SEEK SAFE HARBOUR
CYN shares 34,542,186
| Alex Briden | Lyn Bailey |
| Ernest Wesson | David Manuel |
June 15, 2010
Dear Shareholder
You are all aware of the ups and downs of the stock market due to the financial crises we are experiencing on a global basis. We had hoped to see the Cayenne stock appreciate in value. However, we are no different than the hundreds of small mining companies trying to raise capital in order to start developing their resources.
During the last 5 months we have been approached by several groups who had an interest in acquiring a portion, or all of the Windflower Property. After lengthy discussions with these individual groups, we came to the conclusion that Cayenne Gold Mines Ltd. was not the right fit for these companies as they had neither the resources nor the money to enter into a satisfactory agreement with us.
From the data that we have on hand regarding the Windflower property, I strongly feel that we have the makings of a large deposit due to the wide spread gold and silver mineralization. We are anxious to get into the property this summer to do a surface trenching and diamond drill program. The objective of this drill program is to explore and expand the mineralization defined by Granges in reporting reserves of 218,800 tons grading 8.1 gm./ton gold. We have the work permit and the personnel to achieve this project. However, we must raise a minimum of $500,000 to make this happen.
In reporting on the mineralization, Granges did not mention the silver content as they did with the gold, yet in the two diamond drill holes that Cayenne drilled last December, to substantiate some of Granges results, we found significant silver values (up to 157.46 grams /ton over 5.79 metres) as well as gold which ranged up to 48.08 grams/ton
We have decided to offer, what I believe to be a very attractive Convertible Debenture. Please see the attached Term Sheet for details regarding this Debenture. We have already sold 1/3 of the units and expect to have this offer completely sold by the end of this month. If you are interested in knowing more about this offer, be sure to contact our office.
Download Convertible Debenture Term Sheet (PDF format)
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The following are quotes from different articles from the Globe & Mail and Kitco.com expressing sentiments with which I agree whole heartedly.
“Gold has become the hottest investment on the planet, hitting another high this month of $1251.20”
“Gold is money - a very special form of money”
“Gold is a safe-haven asset amid heightened financial, economic and geopolitical uncertainty”
“Gold is not a commodity: it is money”
Egon von Greyerz, founder of goldswitzerland.com was on CNBC Europe to talk about the yellow metal. Greyerz says “the 1980 $850 peak would equal more than $7,000 per ounce today if the price was calculated using “real” inflation numbers”.
Arnold Bock states that “gold will reach $10,000 per ounce by 2012. Gold and silver metals and mining shares will be the clear winners. Market manipulation, insufficient physical supply and the need for a safe haven investment refuge, will drive precious metals particularly and commodities generally, dramatically higher in the not too distant future.”
Best regards,
H. Alex Briden
President & CEO
May 18, 2010
PRESS RELEASE
Cayenne Appoints New Director
Cayenne Gold Mines Ltd. is pleased to announce the appointment of David Manuel as director and accepts the resignation of Alex Burton, former director.
Alex Briden
President & CEO
May 7, 2010
PRESS RELEASE
Cayenne retains Corporate Development Professional
Cayenne Gold Mines Ltd. is pleased to announce that it has retained David Manuel to provide corporate development services. A seasoned executive with more than 25 years of international business development experience, Mr. Manuel has a Bachelors of Engineering degree from McMaster University and is a registered Professional Engineer in British Columbia.
Alex Briden
President & CEO
February 25, 2010
PRESS RELEASE
Resignation of Directors and New Legal Counsel
Cayenne Gold Mines Ltd. (CNSX-CYN, the “Company”) announces the resignation of Mr. Steve Marsh as a director of the Company and Mr. Carl Jonsson as a director and the Chief Financial Officer of the Company. Mr. Ernest Wesson will act as interim Chief Financial Officer of the Company as a result of Mr. Jonsson’s resignation. The Company wishes to thank both Mr. Marsh and Mr. Jonsson for their past efforts on behalf of the Company.
The Company is also pleased to announce that it has retained Getz Prince Wells LLP of Vancouver, British Columbia as general counsel, replacing Mr. Jonsson’s firm.
Alex Briden
President & CEO
THE CANADIAN NATIONAL STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
January 26, 2010
Dear Shareholder
We are very pleased to report on the latest happenings regarding Cayennes' Windflowers gold/silver property.
Firstly, we terminated relations with Bryn Resources on January 19, 2010 as Bryn had not lived up to any of their obligations as spelled out in a letter of intent. We have since been approached by several parties interested in becoming involved with Cayenne Gold Mines Ltd. in future development of the Windflower property.
The company raised about $450,000 as a result of our Offering Memorandum . Also, a good-weather window in late November and early December allowed us to go the Windflower property and drill two diamond drill holes in an effort to substantiate the presence of a high-grade mineralized lens as proposed by Granges Exploration Ltd ( the previous owners) as a result of their extensive earlier work in the 1980's.
In the company's opinion, our drilling program was successful as we managed to locate the proposed target and get two very good-grade intersections. One was 2.62 meters in length and averaged 0.33 oz. gold per ton and 1.59 oz. silver per ton. The second intersection was 5.79 meters in length and averaged 1.40 oz. gold per ton and 4.59 oz of silver per ton. We regard these as very good grades which are surrounded by lower grade material as can be seen from the summary of the 2009 drill results which follows.
The drill core was split and sampled under the supervision of Brian Simmons P.Eng. Assay analyses were conducted by ALS Chemex, an ISO accredited laboratory in North Vancouver B.C. The gold analysis was done with fire assay and AAS/gravimetric finish. The silver analysis used aqua regia digestion and AAS/ICP-AES finish.
Brian Simmons P.Eng. is the qualified person (as defined in NI 43-101) who supervised the drilling program and reviewed this news release.
The fact that all samples submitted for assay returned some values in gold and silver is suggestive of the possibility of the existence of a large, low grade deposit rather than the smaller higher grade vein type sought after in the past. It is Cayennes intention to fully explore this larger avenue as fully as possible.
The company intends to start developing the Windflower property in the spring of this year. We will continue to keep you informed
Regards,
H. Alex Briden
President & CEO
January 26, 2010
PRESS RELEASE
Windflower December 2009 Diamond Drill Summary
In December 2009 Adam Diamond Drilling Ltd. drilled two diamond drill holes on the Windflower Gold/Silver project. The objective of the drilling program was to confirm the 1980's diamond drilling results reported by Granges Exploration Ltd.
The drilling was successful in that it did confirm the existence of significant mineralization as reported by Granges in historical data.
The best intersection in hole W157 was 2.62 m. in length averaging 0.33 oz. gold per ton and 1.59 oz. silver per ton. Hole W158 intersected 5.79 m. averaging 1.40 oz. gold per ton and 4.59 oz. silver per ton.
Both diamond drill holes were drilled from the same site, hole W157 at an angle of -45 degrees and W158 at -52 degrees to test the main Dorothy zone. Diamond drill hole W158 ended at 58.23 meters when it intersected underground workings.
Table 1 is a summary of the 2009 drill results
The drill core was split and sampled under the supervision of Brian Simmons P.Eng. Assay analyses were conducted by ALS Chemex, an ISO accredited laboratory in North Vancouver B.C. The gold analysis was done with fire assay and AAS/gravimetric finish. The silver analysis used aqua regia digestion and AAS/ICP-AES finish.
Brian Simmons P.Eng. is the qualified person (as defined in NI 43-101) who supervised the drilling program and reviewed this news release.
Alex Briden
President & CEO
For more information about Cayenne Gold Mines Ltd. please visit: www.cayennegoldmines.com. To receive regular updates or to receive a follow-up call from Investor Relations please sign up at: info@microcapetal.com
For more information please contact Alex Briden at 604 687 8623 or contact Investor Relations Bob Bell at toll free 1 877 642 7622 or email at info@microcapetal.com
January 14, 2010
PRESS RELEASE
CAYENNE TERMINATES LOI AGREEMENT WITH BRYN
Cayenne Gold Mines Ltd. has informed Bryn Resources Inc. that because Bryn has defaulted under the terms and conditions of the LOI that Cayenne has terminated the agreement.
Alex Briden
President & CEO
About Cayenne Gold Mines Ltd.
Cayenne Gold Mines Ltd. is engaged in mineral exploration in British Columbia. The
Windflower property is located approximately 20 km south of Revelstoke and 30 km north
of Beaton, in the Kootenay District, B.C. consisting of 14 contiguous Crown granted claims.
Considerable historical exploration and development work was performed on the Windflower
Property by Granges Exploration Ltd. in the late 1980's. The work consisted of geological,
geophysical and geochemical surveying as well as 1,206 meters of underground tunneling
and 17,958 meters of surface and underground diamond drilling.
December 16, 2009
PRESS RELEASE
CAYENNE COMPLETES DIAMOND DRILL PROGRAM
Cayenne Gold Mines has completed an initial diamond drill program on the company's Windflower property south of Revelstoke. As previously reported in our release of Dec. 2, 2009 the objective of the program is to determine the most prospective location to extract a 10,000 ton sample slated for the spring of 2010. "These holes in particular are designed to test for near-surface mineralization reportedly found by previous explorers (Granges Ltd)." Stated Cayenne's President Alex Briden.
H. Alex Briden
President & CEO
| For More Information, please contact: Cayenne Gold Mines Ltd. (604) 687 8623 www.cayennegoldmines.com cayenne@shawcable.com |
Micro Cap Toll Free: 1-877-642-7622 Local (604) 713-8010 www.microcapetal.com info@microcapetal.com |
About Cayenne Gold Mines Ltd. Cayenne Gold Mines Ltd. is engaged in mineral exploration in British Columbia. The Windflower property is located approximately 20 km south of Revelstoke and 30 km north of Beaton, in the Kootenay District, B.C. consisting of 14 contiguous Crown granted claims. Considerable historical exploration and development work has been performed on the Windflower Property by Granges Exploration Ltd. in the late 1980's. The work consisted of geological, geophysical and geochemical surveying as well as 1,206 meters of underground tunneling and 17,958 meters of surface and underground diamond drilling.
December 14, 2009
PRESS RELEASE
Cayenne Closes Private Placement
Cayenne Gold Mines Ltd. the ("Company) has completed and closed its Unit private placement offering of 10,000,000 Units from which it has received gross proceeds of $468, 465 for a total of 9,120,982 units. The net proceeds of the private placement will be used for diamond drilling on the Windflower property in Revelstoke, B.C. and general working capital.
Alex Briden, CEO & President
For more information about Cayenne Gold Mines Ltd. please visit: www.cayennegoldmines.com. To receive regular updates or to receive a follow-up call from Investor Relations please sign up at: info@microcapetal.com
About Cayenne Gold Mines Ltd.
Cayenne Gold Mines Ltd. is engaged in mineral exploration in British Columbia. The Windflower property is located approximately 20 km south of Revelstoke and 30 km north of Beaton, in the Kootenay District, B.C. consisting of 14 contiguous Crown granted claims. Considerable historical exploration and development work was performed on the Windflower Property by Granges Exploration Ltd. in the late 1980's. The work consisted of geological, geophysical and geochemical surveying as well as 1,206 meters of underground tunneling and 17,958 meters of surface and underground diamond drilling.
For more information please contact Alex Briden at 604 687 8623 or contact Investor Relations Bob Bell at toll free 1 877 642 7622 or email at info@microcapetal.com
Cautionary Statement Regarding "Forward-Looking" Information This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Forward-looking statements can often be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Specifically, this news release includes forward-looking statements regarding the Company's plans, projections, estimates and expectations. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. These risks, uncertainties and other factors include, but are not limited to, the risks involved in the gold exploration and development industry as well as those risk factors listed in the Company's most recent financial statements and management discussion and analysis filed on SEDAR. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law. Neither the Canadian National Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian National Exchange) accepts responsibility for the adequacy or accuracy of this release.
December 2, 2009
PRESS RELEASE
Cayenne Commences Drilling of Windflower Property
Cayenne has begun diamond drilling on its Windflower property south of Revelstoke BC. The goal of this program is to determine the most prospective location to extract a 10,000 ton bulk sample from within a known high grade zone. "Coupled with the drilling done by the previous owners this program will help Cayenne to maximize the grade potential of the proposed sample slated for extraction and testing in the spring of 2010." stated Cayenne's President Alex Briden. The mining of the 10,000 ton sample will be done pursuant to Cayenne's agreement with Bryn Resources Inc. disclosed in Cayenne's Release dated November 16, 2009.
About Cayenne Gold Mines Ltd.
Cayenne Gold Mines Ltd. is engaged in mineral exploration in British Columbia. The Windflower property is located approximately 20 km south of Revelstoke and 30 km north of Beaton, in the Kootenay District, B.C. consisting of 14 contiguous Crown granted claims. Considerable historical exploration and development work was performed on the Windflower Property by Granges Exploration Ltd. in the late 1980's. The work consisted of geological, geophysical and geochemical surveying as well as 1,206 meters of underground tunneling and 17,958 meters of surface and underground diamond drilling.
For more information about Cayenne Gold Mines Ltd. please visit: www.cayennegoldmines.com. To receive regular updates or to receive a follow-up call from Investor Relations please sign up at: info@microcapetal.com
Alex Briden, President & CEO
For more information please contact Alex Briden at 604 687 8623 or contact Investor Relations Bob Bell at toll free 1 877 642 7622 or email at info@microcapetal.com
Cautionary Statement Regarding "Forward-Looking" Information This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Forward-looking statements can often be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Specifically, this news release includes forward-looking statements regarding the Company's plans, projections, estimates and expectations. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. These risks, uncertainties and other factors include, but are not limited to, the risks involved in the gold exploration and development industry as well as those risk factors listed in the Company's most recent financial statements and management discussion and analysis filed on SEDAR. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law. Neither the Canadian National Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian National Exchange) accepts responsibility for the adequacy or accuracy of this release.
November 16, 2009
PRESS RELEASE
CAYENNE SIGNS LOI TO MINE WINDFLOWER PROPERTY
Cayenne Gold Mines Ltd. the ("Company") has signed a Letter of Intent ("LOI") dated November 11, 2009 to enter into a joint venture agreement with Bryn Resources Inc. ("Bryn"), an arm's-length Toronto-based company, whereby Bryn can earn a 45% interest in the Windflower property. Bryn is to contribute $2,000,000 to finance the mining of 10,000 tons of mineralized material from the Windflower property. The Company (Cayenne) will be the operator and will manage the project.
After the return of capital of $1,000,000 to Cayenne and $2,000,000 to Bryn, and after all expenses have been paid, the balance of funds generated from the mining and processing of the 10,000 ton block will be split equally.
The Company will also receive $100,000 - as consideration for signing the LOI - on the earlier of January 10, 2010 or the entering into the joint venture agreement.
H. Alex Briden
President & CEO
Alex Briden
November 16, 2009
Dear Shareholder
We are pleased to announce that we have entered into a Letter of Intent (LOI) with Bryn Resources Inc to further develop the Windflower property.
We have applied to the B.C. Ministry of Mines for our work permit, and plan to begin a surface diamond drill program before Christmas. This initial program will better define the bulk sample target.
Work on the extraction of the bulk sample will begin next spring. This will consist of dewatering the mine, extraction and processing of a 10,000 ton block, and then having it concentrated and refined.
We are presently offering securities through an Offering Memorandum. The units consist of 1 non flow through share @ $0.05 per share and 1 warrant entitling the purchase of one additional share for $0.075 until November 30, 2010
We are also offering Flow Through Units at a price of $0.075 and will consist of one voting common share of the Company and one warrant entitling the purchase of one additional share for $0.10 until November 30, 2010
The closing date for the Offering Memorandum is November 30, 2009
If you are interested in purchasing shares, please call our office ASAP
Sincerely
Alex Briden
June 30, 2009
Dear Shareholder
In spite of the devastating market we have all been experiencing during the past year, we have some good news. Cayenne Gold Mines Ltd. has made its last option payment on the Windflower property, and now owns the Windflower. We will be responsible for a 2.5 % NSR (Net Smelter Return) to the vendor (Red Ensign Mines) with the option to purchase 1% of the Royalty from Red Ensign Mines.
For the past several months, we have been in discussions with parties interested in a contract with Cayenne Gold Mines Ltd. to extract a 10,000 ton bulk sample from the Windflower property. We have not yet secured a suitable agreement, however, we are looking at several possibilities. In the meantime, we have decided that Cayenne should forge ahead and do a surface diamond drilling program. The bridge has been repaired, and the only hold-up to the project has been insufficient funds to cover the cost of the drilling.
In order to achieve our goals, and make use of the summer and fall exploration season, we are planning a private placement of stock in order to raise capital, which will allow us to do additional exploration. We feel the results will substantiate and expand earlier drill results achieved by Granges, (the last developer of the Windflower property.) The purpose of the drilling program would be to outline the highest grade material for our bulk sample and as a result achieve the highest possible return from the 10,000 tons.
Our private placement will offer a unit of 1 share at $0.075 plus a warrant at $0.10. We are also offering flow-through shares which will consist of a unit of 1 share at $0.10 plus a warrant at $0.15. All warrants will expire after 1 year on August 31, 2010.
If you are interested in purchasing units, please contact our office. This offering will expire on August 31, 2009.
Regards,
H. Alex Briden
President & CEO
September 22, 2008
Dear Shareholder
Finally, after a year of the worst markets I have ever seen, we have received a little bit of good news.
The bridge on the access road to the Windflower mine is going to be repaired. We have been advised that a used span has been purchased. This replacement span has a carrying capacity of approximately 30 tons and is presently being transported to the slide site. The installation has to be approved by forestry engineers and consulting engineers and it appears that there is agreement among the parties concerned,( Cayenne Gold Mines Ltd. being one of them).The work can proceed in the very near future.
Depending on several factors, Cayenne hopes to be able to proceed with plans to diamond drill several holes to confirm previous results as well as de-water the underground workings and get a bulk sample of 8500-10,000 tons of the highest grade material available for concentration and smelting.
Our program will depend on successfully completing a Convertible Debenture for $2 million dollars for funding the work. It will also depend on the bridge replacement to be completed before winter arrives. We have given you a brief description of the Convertible Debenture on a separate sheet. If you are interested in having a copy of the Offering Memorandum which describes the Convertible Debenture in detail, please call our office and we will send one to you.
On another note, the trading symbol for Cayenne Gold Mines Ltd. has been changed to CYN.
Best regards
H. Alex Briden
President
August 30, 2008
Cayenne Gold Mines Ltd. to Issue Convertible Debentures
Cayenne Gold Mines Ltd. (CNQ: CYN) ( the "Company") announces its offering for a non-brokered private placement of $2.0 million convertible debentures.
Proceeds of the private placement will be used by the Company to further develop the Company's Windflower Mines Gold Project near Revelstoke, British Columbia where an underground development and exploration program will be undertaken to complete the Company's plan to extract a 10,000 ton sample from the property, as well as for working capital purposes.
The Debentures will be fully secured by a call on future gold production of the Company.
The Debentures will mature in two years, with interest payable semi-annually at 10% per annum. The principal amount of the Debentures will be convertible into shares of the Company at $0.20 in the first year, $0.25 in the second year from the date of the closing of November 30, 2008.
Interest may be paid in cash or shares at the option of the holder. Should a holder of the Debentures elect to receive the 10% annual interest payment in shares instead of cash, the share price used to determine the number of shares granted will be the greater of :
a) The applicable conversion price for the year in question, less 10%.
b) The weighted average daily market price of the shares for the previous 20 trading days prior to the interest payment date, less 10%.
The company may pay a finders fee of 5% in connection with the issuance of the Convertible Debentures.
The Offering is scheduled to close November 30, 2008.
Cayenne Gold Mines Ltd.
H.A. Briden
President & CEO
July 2, 2008
Dear Shareholder:
We have been drilling at the Hixon property for the past month and are waiting for assay results before continuing with our proposed drill program.
We have also applied for a work permit to commence work on the Windflower property. We understand, unofficially, that there is limited road access through the slide area. Within the next 2 weeks, we will be meeting with Government officials and examining this area ourselves. If there proves to be access, we shall endeavour to begin our work program on the Windflower gold/silver deposit.
Grab samples that originated underground were taken by company representatives from the Windflower mineral deposit. They have assayed as high as 27.32 grams per ton of gold and 19 grams per ton of silver.
Quite a few inquiries have been received by our office, from people who missed the May 30 deadline for the 10 cent unit offering. The good news is that we have been given permission to continue the same offering. The Offering Memorandum is amended and supplemented as follows:
"The proposed closing date has been cancelled. The Company has concluded that no specific date for the termination of the Offering should be imposed. In addition, it has been noted that Flow-Through securities have more appeal to potential purchasers later in the year, when they have become more conscious of their potential tax liabilities for the year."
Therefore, if any of you are interested in participating in this offering, please call the office. The warrants, which are exercisable at $0.10, will still expire on September 30, 2008.
Regards,
Alex Briden
President
June 9, 2008
Cayenne Gold Mines Ltd. has begun diamond drilling on its Hixon BC property as of May 31, 2008
The purpose of the drill program is to further explore for precious metals in and around the Main shaft area where last year a 3 hole drill program encountered gold and silver values ranging to a high of 6.75 gm/ton gold and 54.5 gm/ton silver over a core length of 3 meters.
The extent of this stage of the exploration program will be determined by the results obtained and the availability of capital.
The first assay results of the 2008 diamond drill program are expected in the near future and they will be made available when appropriate.
Mr. Brian Simmons, P. Eng. is the qualified person in charge of the exploration program and has approved this news release.
September 12, 2007
Hixon Creek Project - Diamond Drilling Results
H.A. Briden, President and CEO reports,
A diamond drilling program on Cayenne's Hixon Creek project started on June 26th and was completed on August 9, 2007. The program consisted of three NQ diamond drill holes drilled from a common site for a total of 596 meters. The holes were drilled to test the validity of earlier drilling as well as to probe for additional gold mineralization and its geological controls.
The drill holes encountered multiple zones of gold and silver mineralization (see Table 1). All three holes were drilled to a length of 198.8 meters, the limit of the drill. Each drill hole ended in sulfide mineralization. DDH-01 was drilled at -55 degrees to the southwest. DDH-02 was a vertical drill hole. DDH-03 was drilled to the west at -50 degrees.
In addition to diamond drilling, considerable surface prospecting was done to search out old and new mineralization. The mineral claims are currently being logged due to the pine beetle devastation. As result of extensive logging road construction many new rock exposures are evident for the first time. A sample from a rock outcrop located one kilometer northwest of the diamond drilling assayed 3.62 g/t gold. Another grab sample located approximately one kilometer southeast of the drilling assayed 11.95 g/t gold. The mineralized occurrences conform to the regional north/northwesterly strike of the Quesnel Trough.
The gold and silver analyses were done by ALS Chemex and Acme Analytical Laboratories Limited.
Brian Simmons P.Eng. is the Qualified Person (as defined in National Instruments 43-101) who supervised this exploration program and reviewed this news release.
August 2, 2007
We are pleased to announce that Cayenne Gold Mines Ltd. has been contacted by the Minister of Forests and Range to advise us that the Ministry plans to remove the rock slide on their road which is blocking access to our Windflower property. The minister, Mr. Rich Coleman, states in his correspondence to us that " we will stabilize the upslope rock fall hazard and remove the rock slide to provide light vehicle traffic."
Cayenne Gold Mines Ltd. understands from conversations with the Engineering Officer, at the Arrow Boundary Forest District that the geo-technical work has been completed, and the rock stabilization and removal project will be put out to tender ASAP.
This is good news for Cayenne Gold Mines Ltd. as we will now be able to plan exploration and development work on our Windflower property in the very near future.
Cayenne Gold Mines Ltd. requested an exemption from CNQ to change the expiry date of the $0.10 warrants from August 30, 2007 to September 30, 2007. CNQ has granted that exemption.
Work on the Hixon property has been underway for the past 5 weeks and Cayenne Gold Mines Ltd. is completing the third and final drill hole for this program. There are numerous core samples in for assay and when these results are available, we will be able to correlate and evaluate the three drill holes, and also plan future exploration and development.
Clear-cut logging is continuing over our claims due to the ravaging pine beetle infestation. As a result, we are finding many new rock exposures and several new mineralized rock outcrops which are being sampled. These samples are also in for assay and the results will be announced when the consultants have had an opportunity to evaluate the data.
H.A. Briden
President and CEO
June 18, 2007
Cayenne Gold Mines Ltd. has today, signed a contract to diamond drill the company's Hixon Creek gold property.
The purpose of the drilling will be to confirm historical data which is not 43-101 conformable.
The target area is on the Quesnel Trough sediment-hosted gold horizon which is proving to be an intriguing geological setting for potential large, low-grade gold occurrences such as that being developed in the Spanish Mountain - Bosk Lake area to the south-east of our Hixon Creek holdings.
A significant amount of previous work has been done in the area of interest over the past many years by a number of companies searching for lode gold deposits of economic value. Most, if not all of the previous work was done when gold was much lower priced and low grade deposits were not of economic interest to early explorers.
Early work consisted of prospecting, placer mining, trenching, and underground exploration in the form of shafts and tunnels, geophysical surveys, geochemical surveys and diamond drilling.
The presence of gold has been noted and reported in many locations over the years but not in economic quantities, as the price of gold was too low to allow scattered, low-grade occurrences to be of commercial interest.
It is our intent to examine and explore wide-spread gold mineralization in an attempt to develop a viable large-tonnage, low-grade deposit of merit.
H.A. Briden
President & CEO