Macarthur Minerals provided an update on the recent infill drilling program at its Lake Giles Iron Project in Western Australia.
Infill drilling has intersected a zone of high-grade magnetite mineralisation identified previously at the Moonshine North deposit and assay results have been received for several Reverse Circulation drill holes.
Mr Cameron McCall, Executive Chairman of Macarthur Minerals commented:
“The Company is extremely pleased with its successful listing on the Australian Securities Exchange and the positive market response in the first two days of trading. Macarthur’s dual listing on the ASX and the TSX-V will provide the Company with increased opportunities in the pre-development stage of its flagship Moonshine Magnetite project.
“With Australia as a major exporter of iron ore to the world and the ASX being the home exchange to some of the world’s largest iron ore producing companies, it makes sense for Macarthur to be dual listed in Australia.”