logo-loader

Cadence Minerals: Auroch unearths high-grade zinc and gold at Bonaventura project

Published: 11:42 11 May 2018 BST

mining
Cadence has a 7% stake in Auroch

Cadence Minerals PLC (LON:CAD) has relayed what are described as high-grade zinc and gold results from exploration work at Auroch Minerals’ Bonaventura Project in South Australia.

The AIM-quoted company owns a 7% interest in Auroch which has, using reconnaissance rock-chip sampling, confirmed high-grade zinc mineralisation (also containing lead, copper and silver) in the Grainger target area.

READ: Cadence Minerals lifted by investee company Auroch Minerals' zinc projects purchase

Highlight grades were seen between 1.44% to 3.06% zinc, the company said in a statement Friday.

Additionally, Auroch unearthed high-grade gold at the Kohinoor area, located in the southeast of the Bonaventura project – where grades up to 33.3 grams per tonne were measured.

Cadence chief executive Kiran Morzaria, in a statement, said: "The results from the recent sampling at the Bonaventura project are very encouraging and we are pleased Auroch Minerals is advancing its rapid exploration programme on schedule in order to systematically evaluate multiple target areas during 2018."

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

1 hour, 50 minutes ago