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Cayden Resources - El Barqueno, W Mexico - June 2013

Sprott Global broker Michael Kosowan and analyst Andrew Jackson visited Cayden’s El Barqueño property on Jun 24-25, 2013. The property is in Jalisco State, Mexico, approximately 110 km west of Guadalajara and 80 km E of Puerto Vallarta. Cayden is earning 100% interest by making $8M in payments to Grupo Mexico and completing $4 million in expenditures over 3 years. The property is subject to a 1.5% royalty to Grupo Mexico, and 2.5% NSR to the Mexican Government.  Cayden has just announced the expansion of the current 9,800 hectare property to approximately 46,000 hectares. 

The El Barqueño property produced 250 Koz from historical operations by IMMSA, a Mexican Government company. Cayden has done a good job of digging out old paper exploration records and digitizing them into a coherent database.

 

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