Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Cadence Minerals: Auroch kicks off second drill programme in as many weeks, this time at Bonaventura

The programme, which is targeting high-grade zinc, lead and gold mineralisation at a handful of targets, will see Auroch drill up to 2,500m and is expected to take around eight weeks to complete
drill rig
Drilling at both Bonaventura and Arden – both located in South Australia – is now underway

Cadence Minerals PLC’s (LON:KDNC) investee company Auroch Minerals (ASX:AOU) has kicked off a second drill programme in as many weeks, with work now underway at the Bonaventura base metals project in South Australia.

Cadence currently owns a 7% stake in the Aussie-listed explorer. Auroch reported at the start of the month that drilling at the Arden project had begun and is now pushing ahead with concurrent drill campaigns at both sites.

READ: Auroch begins maiden drill campaign at Arden

The first hole has been drilled at the Dewrang target, where recent geophysical studies identified a “robust changeability anomaly” that sits between 150-200 metres below ground and continues over a strike of at least 1.5 square kilometres.

The programme, which is targeting high-grade zinc, lead and gold mineralisation at a handful of targets, will see Auroch drill up to 2,500m and is expected to take around eight weeks to complete.

“Once again Cadence Minerals are delighted by the rapid progress made by Aidan Platel and his team. Auroch Minerals is at a pivotal moment in its history as a company,” said Cadence chief executive Kiran Morzaria.

“This is best described by Aidan Platel's comments today: ‘In just four months we have concurrent drill programmes underway at both Arden and Bonaventura Projects over seven target areas, all of which have the ability to deliver the next major discovery in these respective areas.’”

View full KDNC profile View Profile

Cadence Minerals Plc Timeline

Related Articles

transparent piece of film being bent between a vice
August 19 2018
The company is both a gold explorer and developer of new printable memory technology.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use