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Auroch repays Cadence's faith with reports of significant mineralisation at Tisova

Cadence holds a 7.7% stake in Auroch, which has just announced positive 3-D modelling results from its Tisova project

Cobalt in periodic table
Cobalt bulls have been out in force in recent months

Auroch Minerals, in which Cadence Minerals Plc (LON:KDNC) owns a 7.7% stake, has announced that 3D modelling of the Tisova orebody in the Czech Republic confirms significant potential for hosting a significant cobalt-copper-gold.

Auroch has established sulphide zones more than 100m in true thickness and multiple lenses of massive sulphide within a disseminated blanket.

The modelled sulphide zones are open north, south and at depth, with the modelling indicating the best continuity of massive sulphides down dip.

Auroch also uncovered high-grade copper horizons which form narrow lenses less than five metres wide within thick sulphide blanket.

This modelling will now be used to plan a drilling campaign which will commence shortly.


Quick facts: Cadence Minerals PLC

Price: 6.65 GBX

Market: AIM
Market Cap: £7.01 m

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