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Cadence Minerals says investee company Auroch finds sulphide mineralisation at its Alcoutim project in Portugal

Auroch - in which Cadence currently owns a 7.7% equity stake –said disseminated and vein mineralisation has been logged in volcanic sediments at Alcoutim which are interpreted to be similar rocks to the host sequence at the Super Giant Neves Corvo Cu-Zn Deposit
Copper
The Australian group also highlighted increasing electrical magnetic activity at the base of Hole ALFP003, which will now be deepened to follow up on the conductivity anomaly

Cadence Minerals Plc (LON:KDNC) (OTC:KDNCY) has announced that investee company Auroch Minerals (ASX:AOU) has intersected sulphide mineralisation at its Alcoutim Copper-Zinc Project in Portugal.

In a statement, Auroch  - in which Cadence currently owns a 7.7% equity stake –said disseminated and vein mineralisation has been logged in volcanic sediments at Alcoutim which are interpreted to be similar rocks to the host sequence at the Super Giant Neves Corvo Cu-Zn Deposit.

READ: Auroch repays Cadence's faith with reports of significant mineralisation at Tisova

The Australian group also highlighted increasing electrical magnetic activity at the base of Hole ALFP003, which will now be deepened to follow up on the conductivity anomaly.

Kiran Morzaria, Cadence’s chief executive officer, commented: "The results to date from the Alcoutim project have been encouraging, the drilling has identified several indicators that when combined indicates that the current drill hole is within a highly prospective zone, we look forward to hearing updates from Auroch as it deepens this hole."

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