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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (8)10/29/2012 7:38:40 PM
From: Goose94Read Replies (2) of 202704
 
Geologist Merrill McHenry Keeps His Eye on the Guerrero Gold Belt - The Gold Report

MMcH: I am extremely excited about Cayden Resources (CYD-V) projects. It is currently drilling on Magnetita East. The company is fully funded and has more than $5 million (M) in the till. Preliminary trench results on Magnetita have been significant, such as 5m of 11.65 g/t.

Magnetita East has northwest to southeast faulting structures, where intrusions come up and the destroyed magnetite rock looks exactly the same as the rocks at Torex's project or at Los Filos. Magnetita East has the rocks and the ground sampling. It also has a rapid transition from magnetic to non-magnetic zones in what is called RTP airborne magnetics, which can indicate destroyed magnetization during the retrograde phase. That is when the rock basically sucks in the gold when it drops out the iron. You can have gold mineralization without that; but in the Guerrero, the highest gold grades have a measure of replacement of iron during the retrograde (cooling) phase.

TGR: Speaking of Los Filos, some of the waste rock Goldcorp has been dumping from Los Filos has made its way onto Cayden's property. How will that be resolved?

MMcH: In addition to already having dumped waste ore there, Goldcorp wants to expand its leach pads. Most likely, Goldcorp will have to buy the easternmost portion of Cayden's property, given that Cayden can definitely say Goldcorp is violating the integrity of Cayden's Morelos Sur portion of the concession.

TGR: That could be an interesting story to follow.
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