Auroch rns11 Apr 2018 11:16
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Auroch Minerals
Results from Arden Base-Metals Project
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) reports that Auroch Minerals has announced results from reconnaissance sampling at its 90%-owned Arden Base-Metals Project ("Arden Project"). The project is located in the world-class base-metal mining region of South Australia, which is host to numerous large base-metal deposits including the Beltana zinc deposit, the Angas zinc deposit and the Kanmantoo Copper deposit.
During reconnaissance field mapping and sampling at the Arden Project extensive sedex-style base metal mineralisation was observed at three of the advanced target areas - Ragless Range, Radford Creek and Kanyaka - with high-grade zinc, copper and cobalt mineralisation confirmed by laboratory analyses of rock-chip samples. Sedex (Sedimentary exhalative) deposits, such as the giant Mt Isa deposit in Queensland, are globally significant in that they account for over half of the world's zinc and lead production.
Highlights
� Reconnaissance rock-chip sampling at the Arden Base-metals Project has confirmed the presence of zinc, lead, copper and cobalt stratiform sedimentary exhalative (SEDEX) mineralisation at three primary target areas:
� Ragless Range Zinc Target - results of rock chips collected from existing trenches included: 6.97% Zn, 6.53% Zn and 5.55% Zn
� Kanyaka Copper-Cobalt Target - results of rock chips taken from old workings included: 12.4% Cu, 2.4% Zn and 0.5% Co; and 9.9% Cu, 4.0% Zn, 0.2% Co and 0.2g/t Au
� Radford Creek Lead-Zinc Target - results from rock-chips taken from existing trenches included: 3.9% Pb and 1.7% Zn; and 2.9% Pb and 1.6% Zn
Cadence currently owns a 7.7% equity stake in Auroch Minerals, which is an exploration company targeting principally zinc, cobalt and lithium.
The full release can be found at: http://clients3.weblink.com.au/pdf/AOU/01970075.pdf
Kiran Morzaria, Chief Executive Officer of Cadence, commented:
"These very pleasing results confirm potential for a substantial zinc, lead, copper and cobalt play supported by excellent infrastructure