Macarthur Minerals Limited (ASX:MIO) (CVE:MMS) is leveraged to the progress being made by earn-in partner Fe Limited (ASX:FEL) at the Hillside Gold and Copper Project in WAs Pilbara region.
Following encouraging first-phase drilling results reported by FEL in February, further samples are now being analysed in-house using a portable XRF.
Three of the holes intercepted down dip extensions of a surface gossan with intercepts spanning the full length of the 14-kilometre strike.
Anomalous results include:
- 1-metre at 0.19% copper, 230ppm cobalt, 0.14% zinc and 0.07ppm gold from 28 metres;
- 1-metre at 0.74% copper, 349ppm cobalt, 0.41% zinc and 0.14ppm gold from 83 metres; and
- 1-metre at 0.18% copper and 0.12% zinc from 25 metres, and 1-metre at 0.27% copper from 40 metres.
“Encouraging results”[hhmc]
Macarthurs president and executive chairman Cameron McCall said: “The first round of scout drilling at Hillside was very encouraging and Macarthur expects the next stage of fieldwork will focus on a structural understanding of the anomalous surface expressions of copper and gold.”
Macarthurs tenements for which FE Limited is farming-in.
Around half of the drilled samples were assayed in the lab where there was a logged record of visible quartz or sulphides in the samples.
XRF analysis[hhmc]
The remaining samples are being analysed in the office using a portable XRF in case any anomalous samples were missed and if any are found these will be sent to the lab for formal assay.
Once all results are received, the data will be interpreted using geochemistry to try to differentiate between different flows of basalt as a Read More – Source
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