11th May 2018 12:07
LONDON (Alliance News) - Cadence Minerals PLC said Friday that its investee firm Auroch Minerals Ltd announced high-grade zinc and gold results in South Australian project.
The Bonaventura Project sampling results included 28.0% zinc and 19.5 grammes per tonne gold, alongside traces of copper and lead.
Samples from historical artisanal mine workings at Kohinoor Gold Target, in the southeast of the Bonaventura Project, also found high-grade traces of gold at 33.3g/t.
The natural resources investment company owns 7% of the equity in exploration company Auroch.
Shares in Cadence were 5.4% higher at 0.23 pence on Friday.
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