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Cadence Minerals: Auroch Minerals completes geophysical reinterpretation at Bonaventura

The AIM-listed miner said Auroch, in which it holds a 7.7% stake, had identified 17 target areas at the project

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Cadence added that a new IP survey had been planned for 3 high-priority target areas

Cadence Minerals Plc (LON:KDNC) said Auroch Minerals has completed a reinterpretation of historical geophysical data at its Bonaventura project in South Australia.

The AIM-listed miner said Auroch, in which it holds a 7.7% stake, had identified 17 target areas at the project, while the geophysical data was coincident with high-grade target areas identified from Auroch's ground reconnaissance and would assist in the definition of drill targets for zinc, lead, copper and gold mineralisation.

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

Cadence added that a new IP survey had been planned for 3 high-priority target areas and would commence in June.

Kiran Morzaria, chief executive of Cadence, commented: "The reinterpretation of the historical geophysical data and the identification of 17 exploration target areas confirms the exciting potential of the Bonaventura Project for both base-metal and precious-metal mineralisation."

In late-afternoon trading Monday, Cadence shares were down 4.4% at 0.21p.

Quick facts: Cadence Minerals PLC

Price: 7.75 GBX

AIM:KDNC
Market: AIM
Market Cap: £8.17 m
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