Tag Archives: tisová copper mine

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) reports that Auroch Minerals is now half way through its Tisová drilling program in the Czech Republic and has intersected the sulphide blanket as predicted in its 3D model. The second hole, TIDD003, intersected multiple zones of sulphide mineralisation with visible cobalt and copper minerals within a 130m thick zone containing 1-5% disseminated sulphides.

Cadence currently owns a 7.7% equity stake in Auroch Minerals, which is an exploration company targeting principally cobalt and lithium.

The full release can be found at: http://clients3.weblink.com.au/pdf/AOU/01913029.pdf .

Highlights from the Auroch Minerals Release:

• Hole TIDD003 intersects multile zones of massive to semi-massive sulphide mineralisation within a disseminated sulphide halo over 100m thick between 333m and 462m including visible cobaltite
• Hole TIDD002 also intersects multiple lenses of vein and disseminated sulphides between 370m and 400m
• Samples are being prepared for dispatch to assay laboratory
• Hole three commenced – program completion expected mid-November
• 3D model confirmed:

o   Sulphide halos more than 100m true thickness

o   Multiple lenses of massive semi massive sulphides within target halo

o   30 Km plus of underground development, including a 400m shaft down to 9 level (400m below surface) is present at Tisová

• Best historic results for Cobalt, Copper, Gold and Silver at Tisová:

o   0.69% Cobalt, 17.1% Copper, 3.7 ppm Gold and 178 ppm Silver

Kiran Morzaria, Chief Executive Officer of Cadence, commented: “These are encouraging early results from Auroch Minerals drilling programme at Tisová and start to demonstrate the highly prospective nature of this property.”

– Ends –

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £30 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that Auroch Minerals (ASX:AOU) has commenced drilling at its Tisová Cobalt-Copper-Gold Project.

The full release can be found at: http://clients3.weblink.com.au/pdf/AOU/01896998.pdf .

Highlights from the Auroch Minerals Release

• Four-hole, 1,500m Phase 1 diamond drilling commenced on Friday 15 of September at Tisová
• First hole (TIDD002) will target a thick sulphide-rich portion of the orebody with mineralisation anticipated between 250m to 460m: final planned depth of ~500m
• Each hole designed using recently completed 3D model to intersect thickest parts of sulphide-rich orebody
• Best sampling results for Cobalt, Copper, Gold and Silver at Tisová:0.69% Cobalt, 17.1% Copper, 3.7 ppm Gold and 178 ppm Silver

– Ends –

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £30 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

Cadence (AIM/NEX: KDNC; OTC: REMMY) reports that Auroch Minerals in which Cadence currently owns a 7.7% stake has announced that 3D modelling of the Tisova orebody confirms significant potential for the cobalt/copper/gold project in the EU’s Czech Republic. 

The full release can be found at: http://clients3.weblink.com.au/pdf/AOU/01895050.pdf .

Highlights from Auroch Release

• 3D modelling of the Tisova orebody confirms potential for hosting a significant cobalt/copper/gold project in the heart of the EU.
• 3D modelling Summary:
  • Sulphide zones more than 100m true thickness.
  • Multiple lenses of massive sulphide within a disseminated blanket.
  • More than 30 Km of underground development.
  • Modelled sulphide zones open north, south and at depth.
  • Modelling indicates best continuity of massive sulphides is down dip.
  • High-grade copper horizons form narrow lenses less than 5m wide within thick sulphide blanket.
• 3D model used to plan upcoming drilling campaign.
• Best historic results for Cobalt, Copper, Gold and Silver at Tisová:
  • 0.69% Cobalt, 17.1% Copper, 3.7 g/t Gold and 178 g/t Silver
• Drilling to commence shortly.

– Ends –

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £30 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

Cadence (AIM/NEX: KDNC; OTC: REMMY) reports that Auroch Minerals in which Cadence currently owns a 7.7% stake has announced that sulphide rich sediments have been intersected at the Tisová – Co Cu Au project. 

The full release can be found at http://clients3.weblink.com.au/pdf/AOU/01892323.pdf . 

Highlights from Auroch Release

• Hole 3 recently reached 689m of its planned depth of 1,200m
• Hole 3 has intersected sulphide rich sedimentary horizons with strong deformation, similar to the documented geological characteristics of Neves Corvo
• Top of Volcanic Sedimentary Complex stratigraphy intersected earlier than expected at 598.5m, encountering strongly sulphidic sediments.
• Drilling of Hole 3 progressing at a reduced pace due to the Portuguese summer holiday, anticipated completion is in mid-September 

– Ends –

Qualified Person 

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £30 million vested in key assets globally, Cadence is helping us reach tomorrow, today. 

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return. 

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

Cadence (AIM/NEX: KDNC; OTC: REMMY) reports that Auroch Minerals in which Cadence currently owns a 7.7% stake has announced the sampling results from the second round of multi-elemental analysis on waste dumps at the Tisová – Co Cu Au project.

The full release can be found at http://clients3.weblink.com.au/pdf/AOU/01887653.pdf

Highlights from Auroch Release

• Results from second round multi-element historic waste dumps confirm Cobalt presence at Tisová
• Significant grades of Copper, Gold and Silver complement the Cobalt results demonstrating the polymetallic potential of Tisová
• Best results for Cobalt, Copper, Gold and Silver
  • 0.69% Cobalt, 17.1% Copper, 3.7 ppm Gold and 178 ppm Silver
• Drilling approvals secured for initial drill program
• In country team mobilised and preparing for drilling campaign in mid- September
• 3D model of ore body under construction

Commenting, Kiran Morzaria, Chief Executive Officer of Cadence, said: “It is great to see such encouraging initial results from the Tisová project. The dump sampling has encountered economic grades of Cobalt, which along with the polymetallic nature of the mineralisation in the samples make for a highly prospective exploration target.”  “With Auroch scheduled to start drilling this September and initial geological interpretation work indicating an ore body of substantial tonnage, we look forward to the news flow and results over the coming months.” 

– Ends –

Qualified Person 

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £30 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

Cadence (AIM/NEX: KDNC; OTC: REMMY) reports that Auroch Minerals in which Cadence currently owns a 7.7% stake has announced that it has entered into option agreements giving it the right to acquire 100% of the historic Tisová copper mine and 3 exploration licence applications (subject to approval by relevant authorities) in the Czech Republic.  

The full Auroch release is available at: http://clients3.weblink.com.au/pdf/AOU/01870742.pdf .

Highlights

• The Tisová underground mine has a long history, being mined intermittently since the end of the 12th century and more recently operated from 1959 to 1973 when it produced 560kt of ore containing 0.68% Cu
• Deposit style is volcanogenic massive sulphide (VMS) with copper being confined to specific horizons of chalcopyrite-rich ore within a much broader sequence of massive, semi-massive and disseminated sulphides
• Sampling of the broader sulphide envelope produced significant grades of cobalt, copper and gold
  • Grades of up to 0.68% Co and 3.5% Cu (with potential gold by-product between 0.2-3.7g/t Au) were returned from assay of recent grab samples
• Previous exploration and mining at Tisová focussed on the copper-rich VMS, and did not regularly sample for cobalt and, and hence these opportunities were not exploited nor evaluated
• Extensive underground development has been completed at Tisová which will be examined to determine the most efficient method to progress mine exploration and subsequent development
• The Tisová project comprises a granted exploration licence which includes the historic Tisová mine and 3 exploration licence applications in the Czech Republic
• Deposit is open along strike and down-dip and through the deal Auroch has secured a significant ground holding which provides scope to prove up a substantial deposit
• Drilling to commence in 3rd Quarter 2017

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

– Ends –