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Cadence Minerals updates on Macarthur and Auroch ventures

Cadence has sealed its option with Macarthur and highlighted positive exploration results from Auroch.
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Cadence has a 7.7% stake in Auroch

Cadence Minerals Plc (LON:KDNC) has confirmed that it has retained its options to acquire 80% of two mineral tenements in the Pilbara region of western Australia.

It followed a payment of AU$60,000 to associate Macarthur Minerals.

In a separate statement the company gave details of exploration results captured by Auroch Minerals, in which Cadence owns a 7.7% equity stake, at the Alcoutim copper-zinc project.

Auroch revealed that it had has intersected sulphide mineralisation at its Alcoutim and drilling operations continue there.

"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," said chief executive Kiran Morzaria.

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