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IN BRIEF: Cadence Minerals Reports Positive Frasers Drilling Results

14th Oct 2020 06:02

Cadence Minerals PLC - investment firm and partner in the discovery & development of iron ore and lithium deposits - Says Hastings Technology Metals, Cadence's joint venture partner at the Yangibana Rare Earth project in the Gascoyne region of Western Australia, announces further drill results as part of the 2020 exploration drilling program, for the Fraser's North and South areas. The company says it has so far received assay results for 30 reverse circulation drill holes in these areas since commencement of drilling in early June. Numerous significant potentially economic results have been received from 29 out of the 30 holes which include some of the highest grade results yet returned from any drilling at the Yangibana project since 2014. Cadence notes that highest grade intersections occur south of the current Fraser's open pit and extends mineralisation up to 450 metres in a south easterly direction.

Current stock price: 13.75 pence

Year-to-date change: more than doubled from 6.75p

By Evelina Grecenko; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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