Cadence Minerals PLC Macarthur Moonshine Geotechnical Drill Programme (3682E)
07 Julio 2021 - 1:00AM
UK Regulatory
TIDMKDNC
RNS Number : 3682E
Cadence Minerals PLC
07 July 2021
Cadence Minerals Plc
("Cadence Minerals", "Cadence")
Macarthur Minerals (TSX-V: MMS, ASX: MIO) Lake Giles Feasibility
Study Update. Macarthur to commence geotechnical drill programme at
Moonshine to support mine planning for flagship magnetite
project.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note
that Macarthur Minerals (TSX-V: MMS) (ASX: MIO) (the "Company" or
"Macarthur") has announced that it is about to commence a
geotechnical drilling campaign to support mine planning work being
undertaken as part of the current Feasibility Study for its
flagship Lake Giles Iron Project in the Yilgarn region of Western
Australia.
The drill programme is planned to commence during July and will
involve the drilling of 8 diamond core holes for a total depth of
1560m, with varying depths of between 175 to 230m each.
The drill programme will be undertaken as efficiently as
possible and is expected to take between 6 to 8 weeks to
complete.
An image accompanying this announcement showing the planned
geotechnical holes at the Lake Giles Iron Project preliminary
layout is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c0def0e3-a8f6-47ed-bb00-eb689b97cc27
Macarthur Minerals CEO Andrew Bruton commented: "This important
phase of drilling work will provide information targeting the
footwall and the hanging wall of the main pits for the first phase
of magnetite mining operations at Moonshine and will be used to
support mine planning work being undertaken by Orelogy Mine
Consulting and Pells Sullivan Meynink ("PSM") as part of
Macarthur's current Feasibility Study for our flagship, high grade
magnetite Lake Giles Iron Project.
The scheduling of the drill programme aligns with the Company's
expectations for delivery of the Feasibility Study. The
mobilisation of the drill crew and equipment on site will commence
shortly and we look forward to keeping investors updated on the
progress of this work over the course of the next few months."
Link here to view the full announcement and drill hole
detail:
https://finance.yahoo.com/news/lake-giles-feasibility-study-macarthur-120000554.html
Cadence Minerals Holding in Macarthur
Cadence holds approximately 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 Western
Australia. It also has a lithium project in Nevada, USA.
This news release is not for distribution to United States
Services or for Dissemination in the United States.
- Ends -
For further information: Cadence Minerals plc +44 (0) 7879 584153
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD
& Broker) +44 (0) 207 220 1666
James Joyce
James Sinclair-Ford
Novum Securities Limited
(Joint Broker) +44 (0) 207 399 9400
Jon Belliss
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 Camborne School of
Mines and an MBA (Finance) from CASS Business School.
Forward-Looking Statements:
Certain statements in this announcement are or may be deemed to
be forward-looking statements. Forward-looking statements are
identi ed by their use of terms and phrases such as "believe"
"could" "should" "envisage" "estimate" "intend" "may" "plan" "will"
or the negative of those variations or comparable expressions
including references to assumptions. These forward-looking
statements are not based on historical facts but rather on the
Directors' current expectations and assumptions regarding Cadence
Minerals Plc's future growth results of operations performance
future capital and other expenditures (including the amount. nature
and sources of funding thereof) competitive advantages business
prospects and opportunities. Such forward-looking statements re ect
the Directors' current beliefs and assumptions and are based on
information currently available to the Directors. Many factors
could cause actual results to differ materially from the results
discussed in the forward-looking statements including risks
associated with vulnerability to general economic and business
conditions competition environmental and other regulatory changes
actions by governmental authorities the availability of capital
markets reliance on key personnel uninsured and underinsured losses
and other factors many of which are beyond the control of Cadence
Minerals Plc. Although any forward-looking statements contained in
this announcement are based upon what the Directors believe to be
reasonable assumptions. Cadence Minerals Plc cannot assure
investors that actual results will be consistent with such
forward-looking statements.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DRLEAXXKEEFFEFA
(END) Dow Jones Newswires
July 07, 2021 02:00 ET (06:00 GMT)
Cadence Minerals (LSE:KDNC)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Cadence Minerals (LSE:KDNC)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024