Home » Cadence Minerals (KDNC) » Cadence Minerals (KDNC) says new Auroch Minerals option agreement gives right to acquire Tisová copper mine

Cadence Minerals (KDNC) says new Auroch Minerals option agreement gives right to acquire Tisová copper mine

Cadence (AIM/NEX: KDNC; OTC: REMMY) reports that Auroch Minerals in which Cadence currently owns a 7.7% stake has announced that it has entered into option agreements giving it the right to acquire 100% of the historic Tisová copper mine and 3 exploration licence applications (subject to approval by relevant authorities) in the Czech Republic.  

The full Auroch release is available at: http://clients3.weblink.com.au/pdf/AOU/01870742.pdf .


  • The Tisová underground mine has a long history, being mined intermittently since the end of the 12th century and more recently operated from 1959 to 1973 when it produced 560kt of ore containing 0.68% Cu
  • Deposit style is volcanogenic massive sulphide (VMS) with copper being confined to specific horizons of chalcopyrite-rich ore within a much broader sequence of massive, semi-massive and disseminated sulphides
  • Sampling of the broader sulphide envelope produced significant grades of cobalt, copper and gold
    • Grades of up to 0.68% Co and 3.5% Cu (with potential gold by-product between 0.2-3.7g/t Au) were returned from assay of recent grab samples
  • Previous exploration and mining at Tisová focussed on the copper-rich VMS, and did not regularly sample for cobalt and, and hence these opportunities were not exploited nor evaluated
  • Extensive underground development has been completed at Tisová which will be examined to determine the most efficient method to progress mine exploration and subsequent development
  • The Tisová project comprises a granted exploration licence which includes the historic Tisová mine and 3 exploration licence applications in the Czech Republic
  • Deposit is open along strike and down-dip and through the deal Auroch has secured a significant ground holding which provides scope to prove up a substantial deposit
  • Drilling to commence in 3rd Quarter 2017

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.

– 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

Square1 Consulting

+44 (0) 207 929 5599

David Bick

Brian Alexander

Leave a comment

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.