MacArthur: Overview and Timeline To all longs
A summary and overview of what MMS have and what's to come in the near future. I believe that each of these below can function as a catalyst to the shareprice.
I have not mentioned new partners or a JV's but it is obvious that MacArthur can not walk this walk alone and IF one of the tenements surprises favorably with good results a take out is not a question of "IF" but instead just of "WHEN".
GOLD
Pilbara I Hillside Gold Project
Size: ~400km2
Highly prospective and gold nuggets have been found. Historical rock chip sampling has returned results up to 447 grams per tonne gold.
(A rock chip from a recent visit with Artemis returned 8.5 grams per tonne)
Program is scheduled to be completed in May 2018 and we should get an updated PR in June/early July.
Pilbara II Panorama Project and Bonnie Scot
Size: 13 km2.
Stream sediment sampling for conglomorate gold completed. (mapping shows extensive outcrops of Mt Roe Basalts. The samples submitted to the lab early April 2018 so we should get an updated PR in May, 2018.
Lithium
Pilbara
1,300km2 lithium tenement has all exploration licences granted
MMS is “actively seeking joint venture partners” to advance the geological investigation of these tenements.
Reynolds Springs Project, Nevada USA
Exploration activity has focused on interpretation of historical oil and gas logs to identify prospective lithium brine zones. Multiple spikes in conductivity were observed and may contain brines.
It is of interest that MacArthur applied for water rights over these claim areas in March, 2018 as this coincides with a press release of March 7, 2018 in which MMS stated that it is “pleased to announce that it has identified several zones indicative of a lithium brine aquifer at its Reynolds Springs Lithium Brine Project”. A little later they applied for water rights…. Connect the dots……..
Nickel and Cobalt
In May 2018, a moving loop EM survey will be completed over identified areas at Snark and at Moonshine. In previous driling two holes within the target area intersected anomalous nickel.
Updated PR to be expected in June (?)
Holding with confidence,
Honkytonkgirl