Business
Bacanora Minerals Update
Bacanora Minerals Update.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 9088V Cadence Minerals PLC 08 November 2017 \n\nCadence Minerals Plc\n \n(\"Cadence Minerals\", \"Cadence\" or \"the Company\")\n \nBacanora Minerals Update\n \nMining Licence Granted for the Zinnwald Project in Germany\n \nCadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) reports that Bacanora Minerals (AIM: BCN, TSXV: BCN) has announced that its jointly controlled entity, Deutsche Lithium GmbH (\"Deutsche Lithium\"), has been granted a mining licence (the \"Licence\") covering 256.5 hectares of its Zinnwald Lithium Project (\"Zinnwald\") which is located in southern Saxony, Germany, close to the key German automotive and downstream lithium chemical industries. The 30-year Licence has been issued by the Saxony State Mining Authority (Sächsisches Oberbergamt) in accordance with §8 of the German Mining Act (Bundesberggesetz).\n \nThe following work has been completed or is ongoing:\n \n● A resource infill drilling programme to upgrade the existing resource model in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects\n \n￮ Four of out of 15 planned infill drilling holes have been completed - the remaining holes are scheduled for completion by January 2018\n \n● Collection of a 100 tonne bulk ore sample from the legacy mine at Zinnwald to provide samples for metallurgical testwork\n \n￮ Material has been crushed and sent to metallurgical laboratories in Germany\n \n￮ Grinding, magnetic separation and concentration testwork programmes will be carried out over the next four months to develop the final flowsheet to produce a lithium rich concentrate\n \n● On completion of the concentration testwork, hydrometallurgical testwork for downstream processing will be undertaken, focusing on the production of higher value lithium battery chemical products\nBacanora is a lithium exploration and development company. Cadence has a 9.3% of Bacanora's equity and a 30% stake in the Mexalit S.A. de CV (\"Mexalit\") joint venture which forms part of the Sonora Lithium Project in Northern Mexico. \nThe full release can be found at: https://www.investegate.co.uk/bacanora-minerals-ld--bcn-/rns/mining-licence-issued-for-lithium-project--germany/201711080700058491V/\n \nKiran Morzaria, Chief Ex...