logo-loader
viewCadence Minerals PLC

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

"The results from the recent sampling at the Bonaventura project are very encouraging"

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."

Quick facts: Cadence Minerals PLC

Price: 9.4151 GBX

AIM:KDNC
Market: AIM
Market Cap: £12.17 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Smart Metering Systems boss expects to be at the forefront of UK's zero...

Smart Metering Systems PLC's (LON:SMS) chief executive Alan Foy says it has £76mln indexed linked annualised recurring revenues on the books with at least an additional £40mln in waiting when it converts its minimum secured order book of 2mln to smart meters. Foy explains that the company gets...

1 hour, 55 minutes ago

2 min read