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To: Goose94 who wrote (8)9/23/2012 9:36:29 PM
From: Goose94Read Replies (6) | Respond to of 202704
 
Other players in Guerrero, gold-rich district belt, Mexico.

Oroco Resources (OCO-V)
www.orocoresourcecorp.com
69.3 million o/s

Guerrero Exploration (GEX-V)
www.grxpl.com
28.5 million o/s

Citation Resources (CTT-V)
www.citationresources.com
33.5 million o/s



To: Goose94 who wrote (8)10/29/2012 7:38:40 PM
From: Goose94Read Replies (2) | Respond to 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.



To: Goose94 who wrote (8)2/1/2013 9:17:27 AM
From: Goose94Respond to of 202704
 
Cayden Resources (CYD-V) sells Morelos blocks for $15.74-million (U.S.)

Feb 1st, 2013 - News Release

Cayden Resources Inc.'s Mexican subsidiary LC Mines SA de CV (LCM) has sold two blocks of the eastern portion (15 per cent) of its Morelos Sur concession (Morelos East concession) to Desarrollos Mineros San Luis SA de CV (DMSL), Goldcorp's subsidiary which owns and operates the adjacent Los Filos mine in Guerrero state, Mexico.

The sale represents a total of 2,492 hectares of Cayden's 17,076 hectare concession for a total cash consideration of $15,744,000 USD plus a royalty to Cayden, of which 50% of the cash will be paid on or before February 28, 2013 and the balance to be paid once the subdivided titles of the Morelos East Concession are registered in the name of DMSL.

DMSL will acquire the portion subject to a reserved royalty in favour of LCM plus the existing government royalty (2.5%). The reserved royalty to LCM is a sliding scale royalty commencing after the first 250,000 ounces, starting at 0.75% and up to 1.75% when gold is over $2500/ounce.