Business
Auroch Minerals Update
Auroch Minerals Update.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 6950U Cadence Minerals PLC 26 October 2017 \n\nCadence Minerals Plc\n \n(\"Cadence Minerals\", \"Cadence\" or \"the Company\")\n \nAuroch Minerals Update - Cobalt Minerals Identified in Czech Exploration Project\n \nCadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) reports that Auroch Minerals is now half way through its Tisová drilling program in the Czech Republic and has intersected the sulphide blanket as predicted in its 3D model. The second hole, TIDD003, intersected multiple zones of sulphide mineralisation with visible cobalt and copper minerals within a 130m thick zone containing 1-5% disseminated sulphides.\n \nCadence currently owns a 7.7% equity stake in Auroch Minerals, which is an exploration company targeting principally cobalt and lithium.\n \nThe full release can be found at: http://clients3.weblink.com.au/pdf/AOU/01913029.pdf .\n \nHighlights from the Auroch Minerals Release:\n \n· Hole TIDD003 intersects multile zones of massive to semi-massive sulphide mineralisation within a disseminated sulphide halo over 100m thick between 333m and 462m including visible cobaltite\n· Hole TIDD002 also intersects multiple lenses of vein and disseminated sulphides between 370m and 400m\n· Samples are being prepared for dispatch to assay laboratory\n· Hole three commenced - program completion expected mid-November\n· 3D model confirmed:\no Sulphide halos more than 100m true thickness\no Multiple lenses of massive semi massive sulphides within target halo\no 30 Km plus of underground development, including a 400m shaft down to 9 level (400m below surface) is present at Tisová\n· Best historic results for Cobalt, Copper, Gold and Silver at Tisová:\no 0.69% Cobalt, 17.1% Copper, 3.7 ppm Gold and 178 ppm Silver\n \nKiran Morzaria, Chief Executive Officer of Cadence, commented:\n\"These are encouraging early results from Auroch Minerals drilling programme at Tisová and start to demonstrate the highly prospective nature of this property.\"\n \n- Ends -\n \n\n\n\n\n \nFor further information, please contact.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\...