Our JV partner Macarthur: "Tenements in Pilbara Granted" Majority of Tenements in Pilbara Granted
VANCOUVER, British Columbia, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V:MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce that eleven (11) out of its sixteen (16) Exploration Licences in the Pilbara covering ~1,300km2 have now been granted allowing full exploration activities on those tenements for conglomerate gold, gold, and lithium.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/367793c9-9ae5-461e-be1d-2cee4153c373
David Taplin, Joint CEO and Director of Macarthur Minerals commented:
“Macarthur Minerals is pleased that eleven (11) out of sixteen (16) of its Pilbara tenements have granted paving the way for exploration and drilling on those tenements for conglomerate gold, gold, and lithium. This includes approximately half of the area subject to the joint venture with Artemis Resources Limited, approximately half of the prospective Hillside area, where nuggets have been found and the tenement in the Pilgangoora region proximate to Pilbara Minerals Limited’s and Altura Mining Limited’s lithium projects.
This places Macarthur Minerals ahead of most of the other conglomerate gold explorers in the region and is a significant milestone for Macarthur Minerals. The remaining five (5) tenements are expected to grant shortly.”
The location of the 11 granted Exploration Licenses in the Eastern Pilbara and the remaining five pending grant is shown in Figure 1.
ABOUT MACARTHUR MINERALS LIMITED (TSX-V:MMS)
Macarthur Minerals Limited is an exploration company that is focused on identifying high grade gold and lithium. Macarthur Minerals has significant gold, lithium and iron ore exploration interests in Australia and Nevada. Macarthur Minerals has two iron ore projects in Western Australia; the Ularring hematite project and the Moonshine magnetite project.
On behalf of the Board of Directors,
MACARTHUR MINERALS LIMITED
“Cameron McCall”
Cameron McCall, Executive Chairman
Company Contact: David Taplin, Joint CEO and Director
dtaplin@macarthurminerals.com Tel: +61 407470044
Joe Phillips, Joint CEO and Director
jphillips@macarthurminerals.com Tel: +61 448899247
www.macarthurminerals.com