Cadence Minerals PLC Update - Auroch Minerals (0505R)
September 18 2017 - 6:35AM
UK Regulatory
TIDMKDNC
RNS Number : 0505R
Cadence Minerals PLC
18 September 2017
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Auroch Minerals - Update
Drilling Commences on Project in Czech Republic
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to
announce that Auroch Minerals has commenced drilling at its Tiviso
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
- Ends -
For further information, please contact.
+44 (0) 207 440
Cadence Minerals plc 0647
Andrew Suckling
Kiran Morzaria
+44 (0) 207 220
WH Ireland Limited (NOMAD & Broker) 1666
James Joyce
James Bavister
+44 (0) 207 907
Hannam & Partners LLP (Joint Broker) 8500
Neil Passmore
Giles Fitzpatrick
+44 (0) 207 929
Square1 Consulting 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
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