Macarthur Awarded Western Australia State Grant for Iron Exploration

Macarthur Minerals Limited (TSX:MMS,OTCQX:MMSDF) announced  it has received an exploration incentive grant from the Western Australia government.

As quoted in the press release:

In past years’ drilling programs Macarthur encountered a high grade magnetite intersection while drilling a diamond hole to provide metallurgical samples for the Moonshine Project (magnetite). The intersection returned 12.5m at 59.3% Fe. It was also intercepted by 4 RC holes drilled during the 2009 and 2010 drilling programs. These RC holes were originally sampled and assayed over 5m intervals. Selected intervals were resampled and assayed at 1m intervals.

Click here to read the Macarthur Minerals Limited (TSX:MMS) press release.