26th Mar 2021 16:48
Cadence Minerals PLC - UK-based mineral resources investor - Says investee Macarthur Minerals has made applications for tenements to support a groundwater search drilling programme following the completion by CGG Aviation of tempest airborne electromagnetic survey of palaeovalleys adjacent to the Lake Giles iron project in Western Australia. Macarthur continues to work with consulting hydrogeologists from Rockwater Pty Ltd to define a source for process water requirements for magnetite processing at its Lake Giles project.
"Macarthur's applications for two miscellaneous licences to support planned groundwater search activities is another important step forward for the Lake Giles iron project feasibility study. Following completion of analysis of the airborne electromagnetic survey data, Macarthur will work with consulting hydrologists from Rockwater, to identify suitable drill targets," says Macarthur Chief Executive Andrew Bruton.
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By Evelina Grecenko; [email protected]
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