Cadence Minerals PLC (AIM:KDNC) Update – Auroch Minerals

 

High-Grade Zinc and Gold Results from the Bonaventura Project

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) reports that Auroch Minerals has announced high-grade Zinc and Gold results from its Bonaventura Project in South Australia.

 

Highlights

 

Reconnaissance rock-chip sampling at the Bonaventura Base-metals Project has confirmed

high-grade zinc – plus lead, copper and silver – mineralisation at the Grainger Target area:

 

·     28.00% Zn1.44% Pb, 0.22% Cu and 19.5g/t Ag

·     21.30% Zn3.06% Pb, 0.45% Cu and 42.8g/t Ag

·     6.72% Zn2.17% Pb0.89% Cu and 30.6g/t Ag

·     3.17% Zn2.40% Pb0.91% Cu and 51.6g/t Ag

 

Reconnaissance sampling of waste dump material from historic artisanal mine workings at the

Kohinoor Gold Target in the southeast of the Bonaventura Project tenure also confirmed high-grade

gold mineralisation:

 

·     33.3 g/t Au

·     17.4 g/t Au

·     8.98 g/t Au

 

Re-processing and interpretation of existing geophysical data is underway.

 

Auroch Minerals is now focused on the recently acquired Arden and Bonventura projects located in the world class mining region of South Australia.

 

Cadence currently owns approximaltey 7% of the equity in Auroch Minerals, which is an exploration company targeting principally zinc, cobalt and lithium.

The full release can be found at: http://clients3.weblink.com.au/pdf/AOU/01980628.pdf

Kiran Morzaria, Chief Executive Officer of Cadence, commented: The results from the recent sampling at the Bonaventura Project are very encouraging and we are pleased Auroch Minerals is advancing its rapid exploration programme on schedule in order to systematically evaluate multiple target areas during 2018.”

 


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