- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Macarthur Minerals Acquires Lithium Project in Yalgoo Region of Western Australia
Macarthur Minerals (TSXV:MMS) is pleased to announce that it has entered into an agreement to acquire exclusive rights for two granted exploration licenses (E59/2140 and E59/2077) covering an area of 191 square kilometres (47,161 acres) in the Yalgoo region of Western Australia.
Macarthur Minerals (TSXV:MMS) is pleased to announce that it has entered into an agreement to acquire exclusive rights for two granted exploration licenses (E59/2140 and E59/2077) covering an area of 191 square kilometres (47,161 acres) in the Yalgoo region of Western Australia. The acreage on which rights to lithium are acquired is in proximity to the Company’s existing Edah Hill lithium acreage and consists of granted exploration licenses allowing immediate exploration for lithium.
Previous drilling activities by other companies on the Yalgoo Acreage has intersected buried pegmatites in 14 drill holes and buried pegmatites for up to 3.5 kilometres down strike of previously mapped pegmatites1,2. In addition, within five kilometres of the Yalgoo Acreage, another company’s rockchip samples record significant results for Li2O of up to 1.64% as well as elevated beryllium (Be) (96 ppm), caesium (Cs) (1,840 ppm) and rubidium (Rb) (19,200 ppm)3,4.
David Taplin, President, CEO and Director of Macarthur commented:
“Macarthur Minerals is excited about the acquisition of another lithium project, in the Yalgoo region of Western Australia. In addition, the acreage is granted, allowing for immediate lithium exploration. Historic records indicate that the project is highly prospective for lithium with occurrences of up to 1.64% Li2O on surrounding acreage. The Yalgoo acquisition significantly adds to Macarthur Minerals’ hard rock lithium acreage package, which now exceeds 1,869 square kilometres.”
Connect with Macarthur Minerals (TSXV:MMS) to receive an Investor Presentation.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.