17:02 Wed 29 Apr 2020
Cadence Minerals PLC - Macarthur Plans Further Exploration at Hillside
("Cadence Minerals", "Cadence" or "the Company")
Macarthur Minerals (TSX-V: MMS) announces that further exploration for gold and copper is planned for the
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
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
Highlights:
· Down dip extension of mineralised gossan intercepted in two holes
· Anomalous results received include:
o HRC 001: 1m @ 0.19% Cu, 230ppm Co, 0.14% Zn, 0.07ppm Au from 28m
o HRC 022: 1m @ 0.74% Cu, 349ppm Co, 0.41% Zn, 0.14ppm Au from 83m
o HRC 036: 1m @ 0.18% Cu, 0.12% Zn from 25m, 1m @ 0.27% Cu from 40m
Results from the first phase drilling program reported by FEL in ASX announcement
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 clear whether outcropping and downhole mineralisation is the result of a volcano-stratigraphic massive sulphide deposit or a hydrothermal shear hosted depositional model.
FEL is planning a field trip in Q2 to conduct similar pXRF testing in the field ahead of further drilling or possible close spaced ground geophysics as well as follow up exploration of promising manganese outcrops in a neighbouring tenement.
The full release can be found at: https://web.tmxmoney.com/article.php?newsid=8918146685053128&qm_symbol=MMS
This news release is not for distribution to United States Services or for Dissemination in
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Qualified Person
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the
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