Macarthur hematite resource increases 46%

摘要

MACARTHUR Minerals has received a 46% increase in the hematite goethite mineral resource estimate for the Snark and Drabble Downs deposits at its Macarthur Iron Ore Project in the Yil-garn region of Western Australia. This is a potential direct shipping ore (DSO) resource. The company is undertaking a comprehensive drill-out of the Snark, Drabble Downs and Snark North areas. Of 414 RC holes assayed to date, 294 holes have intercepted mineralization and have been incorporated into the interim resource statement. An additional 248 drilled RC holes are awaiting assay results and have potential to add to the resource. Macarthur has been awaiting the results to provide a resource inventory for completion of a pre-feasibility study.