Business
Macarthur Plans Further Exploration at Hillside
Macarthur Plans Further Exploration at Hillside.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \n \n RNS Number : 3764L\n Cadence Minerals PLC\n 29 April 2020\n \n \n \n \n Cadence Minerals Plc\n \n \n (\"Cadence Minerals\", \"Cadence\" or \"the Company\")\n \n \n \n \n \n Macarthur Minerals (TSX-V: MMS) announces that further exploration for gold and copper is planned for the Hillside Project.\n \n \n \n \n \n Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals (TSX-V: MMS) (\"Macarthur\") has today provided an update on planned exploration activities at its Hillside Gold and Copper Project by it's Joint Venture Partner, Fe Limited (\"FEL\") .\n \n \n \n \n \n Cadence Minerals Holding in Macarthur\n \n \n \n \n \n Cadence holds approximately 3.1 % 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.\n \n \n \n \n \n Highlights:\n \n \n \n \n \n · \n Down dip extension of mineralised gossan intercepted in two holes\n \n \n · \n Anomalous results received include:\n \n \n o \n HRC 001: 1m @ 0.19% Cu, 230ppm Co, 0.14% Zn, 0.07ppm Au from 28m\n \n \n o \n HRC 022: 1m @ 0.74% Cu, 349ppm Co, 0.41% Zn, 0.14ppm Au from 83m\n \n \n o \n HRC 036: 1m @ 0.18% Cu, 0.12% Zn from 25m, 1m @ 0.27% Cu from 40m\n \n \n \n \n \n Results from the first phase drilling program reported by FEL in ASX announcement February 10, 2020 were very encouraging with three holes positively identified to have intercepted down dip extensions of a surface gossan. The three identified holes showed anomalous intercepts spanning the full length of the 14 km strike. In a cost saving measure, roughly half of the drilled samples were assayed in the lab where there was a logged record of visible quartz or sulphides in the samples. The remaining samples are now being analysed in the office using a portable XRF in case any anomalous samples were missed. If any are found, these will be sent to the lab for formal assay. \n \n \n \n \n \n Once the results are received (lab and pXRF), the data will be interpreted using geochemistry to try to differentiate between different flows of basalt as a method of targeting possible sedimentary horizons deposited during volcanic hiatus. It is not yet cle...