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Canada Goose Parka Cayden Resources (CVE:CYD) canada goose outlet in toronto has been handed significant cash to further advance its Mexican properties as it says it will sell two blocks of the eastern portion of its Morelos Sur canada goose outlet authentic concession for US$15.74 million to a Goldcorp (TSE:G) subsidiary Desarrollos Mineros San Luis which owns the adjacent Los Filos mine.The sale represents a total of 2,492 hectares of Cayden’s 17,076 hectare concession. Aside from the US$15.74 million cash consideration, canada goose outlet store locations Cayden will also get a royalty.Shares of the junior mineral explorer shot up more than 8.5% after the news this morning, to $1.65. Its stock is up more than 63% in the last six months.”We are very pleased to have reached mutually acceptable terms with Goldcorp in this partial concession sale and look forward to maintaining an excellent relationship with canada goose uk official them moving forward,” said Cayden president and CEO Ivan Bebek, in a statement Friday.”The funds received from this transaction will be used to continue to advance exploration programs at both of our Mexican gold properties, Morelos Sur and El Barqueno.”Bebek said further that the remainder of the Morelos Sur concession hosts the La Magnetita and Las Calles areas, which he says continue to be the project’s “high value exploration targets”.Indeed, the non dilutive transaction gives Cayden funds for property expenses, exploration and general administrative costs, with plans for at least 20,000 metres of drilling on its Mexican properties.Without any near term needs to finance, the deal will give Cayden a net treasury close to canada goose outlet montreal address $17 million.The company could also potentially benefit big from its Las Calles concession at Morelos Sur, which has been “partially drilled, intersected significant mineralization and fortuitously lies between two major operating gold mines”, Cayden tells Proactiveinvestors.Goldcorp’s Los Filos mine is Mexico’s largest gold producer generating 336,000 ounces in 2011. Canada Goose Parka

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