Cayden Resources is upbeat on La Magnetita target at flagship Morelos Sur project

Cayden Resources (CVE:CYD) could see some positive news flow coming out of its Morelos Sur project in the coming months, with particular emphasis on the La Magnetita target at the 100 percent-owned Mexican project, said president and CEO Ivan Bebek.

Formed in September 2010, the company has raised over $30 million in the first 15 months of being public.

Cayden is a junior resource company with a special situation in one of two key precious metals projects: its flagship Morelos Sur gold project located in the Nukay mining district of central Guerrero State in southern Mexico and the Quartz Mountain silver-gold project in Nevada.

Morelos Sur lies approximately 230 kilometres south of Mexico City in the Guerrero Gold belt which is located in the Nukay district and has a very strategic land position as it…

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