Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to announce that it has been advised by
This is primarily due to processing delays at the laboratories, due to the huge demand to process samples, which is extending timelines significantly.
Highlights
CCZ is extending the 90-day option period to acquire the Litchfield and Picasso Lithium Projects1: More than 650 surface assays for the Litchfield Lithium Project1, which is contiguous to
Analysing and interpreting these assay results should potentially enable CCZ's geology team to determine if lithium mineralisation is contiguous between the Lichfield and Finniss Lithium Projects1
Under the terms of the option agreement, the extension remains effective until 30 days after the receipt of the full suite of assay results.
Option Extended
Whilst reviewing available information for both projects has been positive, enhancing their potential to host lithium mineralisation, the assays are critical to enable due diligence to be finalised. This is especially the case for the
There are over 650 surface samples from four zones on the boundary with the
Due to unprecedented demand, the timelines to process samples at laboratories have been extended significantly. Synergy's geology team are in regular contact with the laboratories and hope to have clarity on when the assays will be received shortly.
Contact:
Tel: +44 (0) 7879 584153
Forward-Looking Statements
Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as 'believe' 'could' 'should' 'envisage' 'estimate' 'intend' 'may' 'plan' 'will' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding
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