Auroch Minerals, an Australian explorer in which investment company Cadence Minerals Plc (LON:KDNC, OTC:KDNCY) has a 7.7% stake, has announced an update on its ongoing drill program at the Alcoutim copper-zinc project in Portugal.
Alcoutim is situated in the well-known and well-mineralised Iberian pyrite belt in Portugal.
Auroch’s second hole at Alcoutim intersected a volcanic sedimentary complex which its chief executive Andrew Tunks is a “strong indication of the prospectivity of the ground.
Drilling of hole 3 has now commenced.