Macarthur Minerals (TSX-V: MMS) Identifies Multiple Priority Metal Sulphide Targets at
· A Moving Loop Electromagnetic ("MLEM") survey was conducted across three prospects at the
· Interpretation of data was undertaken by geophysicists from Newexco who are experts in the application of geophysical surveys for the discovery of nickel sulphide deposits.
· The survey at Moonshine was conducted over an area of 60 ha. Strong conductance was recorded across all five lines with modelling delineating two bedrock conductors, MC01 and MC02.
· The MLEM survey at Snark covered an area of 310 ha. The survey identified two bedrock conductors at Snark, SC01 and SC02.
· Conductors MC01 at Moonshine and SC01 at Snark are considered high priority targets and will be tested by drilling. Newexco has planned two drill holes to intersect the conductors at the point where they display a high EM response.
· An initial program of two holes drilled to a depth of 200m will be commenced upon receipt of drilling permits.
Cadence holds approximately 12% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on lithium, iron ore and gold in the Pilbara region of
The full release can be found at:
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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.
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