Macarthur Minerals Limited
CVE:MMS ISIN:CA55421R1055
Macarthur is an iron ore development, gold and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Lake Giles Iron Project mineral resources include the Ularring hematite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Lake Giles magnetite resource of 53.9 million tonnes (Measured), 218.7 million tonnes (Indicated) and 997 million tonnes (Inferred). Macarthur has prominent (~721 square kilometer tenement area) gold, lithium and copper exploration interests in Pilbara region of Western Australia. In addition, Macarthur has lithium brine Claims in the emerging Railroad Valley region in Nevada, USA.
News
Following Meteoric Resources's (ASX:MEI) initial drilling programme at Coorara in the South Yilgarn iron ore province, the company has carried out further geological mapping and sampling to identify additional drilling targets for hematite-goethite mineralisation with direct shipping potential.
Meteoric Resources NL (ASX:MEI) Update On Recent Iron Ore Exploration Activities In Coorara District
Meteoric Resources NL (ASX:MEI) is encouraged by recent iron ore exploration activity in the South Yilgarn iron ore province, in particular by the potential of some of these activities to positively impact Meteoric's Coorara iron project. Activities include Macarthur Minerals' (CVE:MMS) (PINK:MMSDF) recent announcement of positive scoping study results on its Lake Giles iron ore project.
Following an agreement to acquire a 100% interest in the Coorara iron project (MEI ASX Release 31 May 2010) Meteoric Resources (ASX:MEI) has commissioned a detailed aeromagnetic survey over the 40km strike length of banded iron formation (BIF) evident on the project area from outcrop and existing aeromagnetic data.
Meteoric Resources (ASX:MEI) has signed an agreement to acquire a 100% interest in exploration licence E16/372 at Coorara, about 90km northeast of Koolyanobbing in Western Australia.
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