RE: Germany seeking Li source(s) ...13 Oct 2019 10:08
Brand UK.on Cadence 10 October
Cadence Minerals (KDNC) Macarthur Minerals (TSX-V: MMS) Joint Venture Partner FE Limited Releases Hillside Copper and Gold Results and Discovers New Manganese Prospect up to 59.4% MnO.
By Harry Dacres-Dixon in Cadence Minerals (KDNC) on 10th October 2019.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note the announcement today from Macarthur Minerals (TSX-V: MMS) (“Macarthur”) that its Joint Venture Partner Fe Limited (“FEL”), has released further significant copper and gold assays including a new manganese oxide area sample recording 59.4% MnO result from a recent field trip to the Hillside Project in the Pilbara Region of Western Australia.
Cadence Minerals Holding in Macarthur
Cadence holds approximately 9.8% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on iron ore, nickel, lithium and gold in Western Australia. It also has a lithium project in Nevada, USA.
Highlights:
High grade copper, gold, silver and base metals assays received from outcrop sampling of Gossan over a 14km strike.
Newly discovered manganese deposit in sub parallel outcrop to the gossan line.
Significant results include:
1.2ppm Au, 18.8% Cu, 77ppm Ag, 0.17% Zn, 0.057% Co
0.77ppm Au, 3.7% Cu, 187ppm Ag, 0.5% Zn, 0.06% Co
1.06ppm Au, 13.9% Cu, 79ppm Ag, 0.44% Zn
0.31ppm Au, 4.5% Cu, 76ppm Ag, 0.35% Zn, 0.05% Co
0.28ppm Au, 1.3%Cu, 14ppm Ag, 0.17% Zn, 0.04% Co
0.45ppm Au, 3.1% Cu, 50ppm Ag, 0.49% Zn
0.34ppm Au, 3.0% Cu, 22ppm Ag
0.83ppm Au, 7.2% Cu, 78ppm Ag, 0.93% Zn, 0.095% Co
59.4% MnO (>46% Mn)
Drilling planned and ready for mobilisation in late October (pending approvals)
Macarthur Minerals Executive Chairman Cameron McCall commented; “We are pleased to provide an update on the work completed since the Joint Venture between Macarthur and Fe Limited was entered into on May 14, 2019. FEL’s exploration activities have been focused on the Company’s previously underexplored Pilbara lithium and gold areas and to date, the results have been very encouraging with numerous high-grade results in the Hillside and Strelley Project areas. FEL is currently in the process of planning a drilling program with the areas shaping up to host multiple attractive and untested prospects.”
As previously announced by the Company on August 23, 2019, samples collected by FEL’s geological team from the Hillside Project returned strongly anomalous grades for base metals and gold from several locations.
The assay results are highly encouraging with 8 samples returning copper values over 1% with a peak of 18.8% and often accompanied with elevated gold, silver and zinc values.
Of considerable interest was an assay result of 59.4% MnO (46% Mn) from a sample collected from outcrop of a newly discovered oxide horizon. By comparison, Consolidated Minerals’ Woodie Woodie manganese deposit has a resource grade averaging 31.4% Mn. This prospect will be fo
Sign In
Follow the stocks
