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Cadence Minerals lauds "encouraging early results" from Auroch's drilling programme at Tisová

Cadence said Auroch’s second hole, TIDD003, intersected multiple zones of sulphide mineralisation with visible cobalt and copper minerals within a 130m thick zone containing 1-5% disseminated sulphides

Cobalt periodic table
Cadence currently owns a 7.7% equity stake in Auroch Minerals

Cadence Minerals Plc (LON:KDNC) has revealed that its investee company Auroch Minerals is now half way through its Tisová drilling program in the Czech Republic and has intersected the sulphide blanket as predicted in its 3D model.

In a statement, Cadence said Auroch’s second hole, TIDD003, intersected multiple zones of sulphide mineralisation with visible cobalt and copper minerals within a 130m thick zone containing 1-5% disseminated sulphides.

READ: Cadence Minerals updates on Macarthur and Auroch ventures

Kiran Morzaria, Cadence’s chief executive officer, commented: "These are encouraging early results from Auroch Minerals drilling programme at Tisová and start to demonstrate the highly prospective nature of this property."

READ: Cadence Minerals aims to invest funds from Bacanora stake sale

Cadence currently owns a 7.7% equity stake in Auroch Minerals, which is an exploration company targeting principally cobalt and lithium.

 

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Price: 14.1885 GBX

AIM:KDNC
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Market Cap: £20.99 m
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