Home » Cadence Minerals (KDNC) » Cadence Minerals (KDNC) – Auroch Minerals intersects sulphide mineralisation at Alcoutim Copper-Zinc Project

Cadence Minerals (KDNC) – Auroch Minerals intersects sulphide mineralisation at Alcoutim Copper-Zinc Project

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that Auroch Minerals, in which Cadence currently owns a 7.7% equity stake, has intersected sulphide mineralisation at its Alcoutim Copper-Zinc Project.

The full release can be found at: http://clients3.weblink.com.au/pdf/AOU/01904393.pdf

Highlights from the Auroch Minerals Release

  • Increasing electrical conductivity at the base of Hole ALFP003 (“Hole 3”) indicated by preliminary interpretation of the Down Hole Electro Magnetic (“DHEM”) survey
  • Disseminated and vein mineralisation has been logged in volcanic sediments interpreted to be similar rocks to the host sequence at the Super Giant Neves Corvo Cu-Zn Deposit
  • Hole 3 will now be deepened to follow up on bottom of hole Electro Magnetic (‘EM’) conductivity anomaly. 

Kiran Morzaria, Chief Executive Officer of Cadence, commented: “The results to date from the Alcoutim project have been encouraging, the drilling has identified several indicators that when combined indicates that the current drill hole is within a highly prospective zone, we look forward to hearing updates from Auroch as it deepens this hole.”

– Ends –

For further information, please contact.

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce

James Bavister

Hannam & Partners LLP (Joint Broker)

+44 (0) 207 907 8500

Neil Passmore

Giles Fitzpatrick

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 £25 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.

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