Macarthur Minerals Completes Purchase of Western Australian Yalgoo Lithium Project

- October 12th, 2016

Macarthur Minerals (TSXV:MMS) is pleased to announce that it has completed due diligence and executed a Mineral Rights Deed to complete aquisition of the Yalgoo Lithium Project, located in Western Australia.

Macarthur Minerals (TSXV:MMS) is pleased to announce that it has completed due diligence and executed a Mineral Rights Deed to complete aquisition of the Yalgoo Lithium Project, located in Western Australia.
Assays received from rock chip sampling, as part of due diligence, returned results of up to 3.75% lithium (Li2O), confirming the presence of at least two lithium bearing pegmatites, one of these a new lithium occurrence. Five rock chip samples from two pegmatites returned geochemical results between 1.68% Li2O and 3.75% Li2O. Technical information was reviewed and approved by the Company’s independent geologist, CSA Global Pty Ltd.
David Taplin, President, CEO and Director of Macarthur commented:
“Macarthur Minerals is excited about the results of the rock chip sampling up to 3.75% Li2O, showing excellent potential for lithium at the Yalgoo Lithium Project. Completion of purchase of the Yalgoo Lithium Project is an excellent addition to Macarthur’s quality portfolio of lithium assets in Western Australia and Nevada.”
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