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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"

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."

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Price: 14.625 GBX

Market: AIM
Market Cap: £20.51 m

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