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Litchfield Lithium surface sampling by Castillo
Litchfield Lithium surface sampling by Castillo.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6846P\n Cadence Minerals PLC\n 20 October 2021\n \n \n \n \n Cadence Minerals Plc \n \n \n \n \n \n (\"Cadence Minerals\", \"Cadence\")\n \n \n \n \n \n Comprehensive surface sampling campaign undertaken by Castillo Copper (ASX/LON: CCZ) at the Litchfield Lithium Project.\n \n \n \n Further to the announcements of 29 September 2021 and 7 October 2021, Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to announce that a comprehensive surface sampling campaign has been undertaken by Castillo Copper (ASX/LON: CCZ) (\"Castillo\") at the Litchfield Lithium Project in Australia's Northern Territory. Castillo is the only third-party to date which has reviewed extensive site visit reports on the Litchfield Lithium Project that were arranged by Cadence's geology consultant. \n \n For the full Castillo announcement, please click link here.\n \n The reports have highlighted four target zones where comprehensive surface sampling was undertaken, primarily along the western boundary which is contiguous to Core Lithium's (\"CXO\") (ASX: CXO) Finniss Lithium Project1 and coincident with government mapped pegmatite occurrences2. \n \n Due diligence \n \n Reviewing historical data, as well as the extensive site visit reports, has provided considerable insight into the Litchfield Lithium Project's exploration potential. With satellite imagery3 already confirming there is comparable geology between the Finniss and Litchfield Lithium Projects, assay results for 657 surface samples are likely to have a key bearing on the due diligence process, especially if the lithium mineralisation proves to be contiguous. \n \n \n \n \n \n Castillo's Managing Director Simon Paull commented: \n \n \n \"\n \n \n The depth of the surface sampling programme conducted by the Vendor Group's geology consultant is impressive, especially as it covers our main area of interest within the tenure. Favourable assay results should make the case for the Litchfield Lithium Project significantly more compelling and hasten our due diligence efforts\n \n \n .\"\n \n \n \n \n \n \n \n Cadence CEO Kiran Morzaria added: \n \n \n \"We are pleased to note the progress an...