Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that Auroch Minerals (ASX:AOU) has commenced drilling at its Tisová Cobalt-Copper-Gold Project.
The full release can be found at: http://clients3.weblink.com.au/pdf/AOU/01896998.pdf .
Highlights from the Auroch Minerals Release
- Four-hole, 1,500m Phase 1 diamond drilling commenced on Friday 15 of September at Tisová
- First hole (TIDD002) will target a thick sulphide-rich portion of the orebody with mineralisation anticipated between 250m to 460m: final planned depth of ~500m
- Each hole designed using recently completed 3D model to intersect thickest parts of sulphide-rich orebody
- Best sampling results for Cobalt, Copper, Gold and Silver at Tisová:0.69% Cobalt, 17.1% Copper, 3.7 ppm Gold and 178 ppm Silver
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For further information, please contact. | |
Cadence Minerals plc | +44 (0) 207 440 0647 |
Andrew Suckling | |
Kiran Morzaria
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WH Ireland Limited (NOMAD & Broker) | +44 (0) 207 220 1666 |
James Joyce | |
James Bavister
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Hannam & Partners LLP (Joint Broker) | +44 (0) 207 907 8500 |
Neil Passmore | |
Giles Fitzpatrick
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Square1 Consulting | +44 (0) 207 929 5599 |
David Bick |
Qualified Person
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.
About Cadence Minerals:
Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £30 million vested in key assets globally, Cadence is helping us reach tomorrow, today.
Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.
The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.