Sprott Global Resource Investments

Site Visits

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.

 

Click on the thumbnails to see a full size image and caption.

 

 

 

The foregoing discussions are a result of site visits and are not to be construed as a recommendation, an endorsement or as investment advice. Sprott Global Resource Investments Ltd, entities that it controls, family, friends, employees, associates, and others may hold positions in these securities, may recommend them to clients, and may sell the same at any time.

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