Cadence Minerals PLC Update - Auroch Minerals (4951Q)
September 12 2017 - 4:01AM
UK Regulatory
TIDMKDNC
RNS Number : 4951Q
Cadence Minerals PLC
12 September 2017
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Auroch Minerals - Update
Cadence (AIM/NEX: KDNC; OTC: REMMY) reports that Auroch Minerals
("Auroch") in which Cadence currently owns a 7.7% stake has
announced that 3D modelling of the Tisova orebody confirms
significant potential for the cobalt/copper/gold project in the
EU's Czech Republic.
The full release can be found at:
http://clients3.weblink.com.au/pdf/AOU/01895050.pdf .
Highlights from Auroch Release
-- 3D modelling of the Tisova orebody confirms potential for
hosting a significant cobalt/copper/gold project in the heart of
the EU.
-- 3D modelling Summary:
o Sulphide zones more than 100m true thickness.
o Multiple lenses of massive sulphide within a disseminated
blanket.
o More than 30 Km of underground development.
o Modelled sulphide zones open north, south and at depth.
o Modelling indicates best continuity of massive sulphides is
down dip.
o High-grade copper horizons form narrow lenses less than 5m
wide within thick sulphide blanket.
-- 3D model used to plan upcoming drilling campaign.
-- Best historic results for Cobalt, Copper, Gold and Silver at Tisová:
o 0.69% Cobalt, 17.1% Copper, 3.7 g/t Gold and 178 g/t
Silver
-- Drilling to commence shortly.
- 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 GBP30 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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