Macarthur Minerals Environmental Update: Baseline Survey Schedule Across Extensive Tenement Package Progresses Well
Published : June 15, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Australia | Iron | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2011) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Macarthur Minerals Limited (News - Market indicators) ("the Company" or "Macarthur") is pleased to announce that environmental baseline survey work is progressing well. The focus is solely now on Snark to deliver the Direct Shipping Ore (DSO) material to support the DSO Program.

A number of environmental specialists have been commissioned to conduct studies co-ordinated by Macarthur's Environmental Manager, Cathy Galli. A brief summary of results to date include:

Flora surveys

Autumn Level 2 flora surveys of Snark, Central, East Moonshine and Lost World/Banjo completed during May 2011. No declared rare flora found.

Fauna survey

Autumn Level 2 fauna survey of Snark completed in May. As expected mammal numbers were low. No conservation significant species were recorded in trap lines.

Two conservation significant bird species were recorded both of which are listed as Priority 4 under the state Western Australian Wildlife Conservation Act. Six disused Malleefowl mounds were recorded. Malleefowl is of national significance listed as vulnerable under the Environmental Protection and Biodiversity Conservation Act. Further surveys for this species will commence in July 2011.

Short Range Endemic surveys

Short Range Endemic (invertebrate) surveys completed in May (autumn). Further surveys are planned in June to fully understand potential impacts by mining.

Subterranean fauna survey

An extensive pilot program was successfully completed in January 2011. No stygofauna were recorded. Results from troglofauna revealed two species. Additional surveys for both stygofauna and troglofauna to fully understand potential impacts by mining are planned.

Archaeological and ethnographical surveys

Archaeological surveys across all exploration areas south of the Evanston Menzies road were completed in May 2011. Three sites were recorded. Ethnographic surveys are being carried out and due for Phase 1 completion in June 2011.

Regional Environmental Impact Assessment

The Company regards a regional approach to environmental impact assessment and baseline survey knowledge as important. Information gathered can be used to support other development programs. Assessment within the extensive tenement package is a significant contribution to future regional development of the Yilgarn Iron Ore Province in Western Australia.

Part of regional assessment strategy is the imminent arrangement to fly high resolution aerial imagery with LIDAR. This data will broaden capacity for regional environmental impact assessment, resource geology and engineering potential.

ABOUT MACARTHUR MINERALS LIMITED (News - Market indicators)

Macarthur Minerals Limited, is a Perth, Australia based resource development company that is currently focused on developing its Lake Giles Iron Ore project, located in the Yilgarn iron ore district in Western Australia. The Lake Giles project is located 110Km from rail with direct access to the Port of Esperance, Western Australia. The project has a resource of 1.3 billion tonnes of Magnetite mineralization that has been reported in accordance with National Instrument 43-101, and 18 million tonnes of potential Direct Shipping Ore (DSO) Goethite/Hematite at 55.5% Fe.

On behalf of the Board of Directors,

MACARTHUR MINERALS LIMITED

Alan Phillips, President, Chairman & CEO

Caution Regarding Forward Looking Statements

The forward-looking statements in this document reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. With respect to forward-looking statements contained in this document, assumptions have been made regarding, among other things, the reliability of information prepared and/or published by third parties that is referenced in this document or was otherwise relied upon by the Company in preparing this document. Although the Company believes the expectations expressed in such forwardlooking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements. The term "ore" in DSO is not meant to imply economic viability has been established. Factors that could cause actual results to differ materially from those in forwardlooking statements include unforseen technology changes that results in a reduction in iron or magnetite demand or substitution by other metals or materials, the discovery of new large low cost deposits of iron ore or magnetite and the general level of global economic activity. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertain- ty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this document are made as of the date of this document. Ex- cept as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OR THIS RELEASE

Corporate Relations
The Buick Group
Jonathan Buick
416-915-0915
jbuick@buickgroup.com
or
Australia:
Alan Phillips
+61 418 726 230
strategiccapital@bigpond.com
www.macarthurminerals.com
Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Macarthur Minerals Limited

EXPLORATION STAGE
CODE : MMS.V
ISIN : AU000000MFE9
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Macarthur Min. is a gold exploration company based in Canada.

Macarthur Min. holds various exploration projects in Australia.

Its main exploration property is LAKE GILES in Australia.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Macarthur Minerals Limited
2/24/2011Announces Closing of $50 Million Bought Deal Equity Financin...
Nominations of Macarthur Minerals Limited
6/24/2011Appoints New Transfer Agent
Project news of Macarthur Minerals Limited
5/10/2016Macarthur Minerals exploration & investment update
5/3/2011(Lake Giles)DSO (Hematite Iron) Program at Lake Giles Has 90% of the Dri...
3/25/2011(Lake Giles)Snark Drilling Update-42m at 59.4%Fe
6/17/2008(Lake Giles)LAKE GILES, WESTERN AUSTRALIA MAGNETITE IRON ORE RESOURCES E...
Corporate news of Macarthur Minerals Limited
6/2/2016Macarthur Minerals JV Update
5/26/2016Results for the year ended 31 December 2015
5/3/2016Lithium Potential on Sulphur Springs Mining Leases
6/15/2011Environmental Update: Baseline Survey Schedule Across Extens...
6/10/2011Issue of Incentive Stock Options
5/9/2011Builds Up Its Development Team
3/30/2011Acquisition of Shares of Macarthur Minerals Limited
3/7/2011Commences 100,000 Metre Drill Programme for 2011
12/19/2008Latest Macarthur Minerals Ltd Announcement - 18 December 200...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MMS.V)OTHER OTC (MMSDF)
0.055-8.33%0.040-20.00%
TSX-V
CA$ 0.055
11/12 09:49 -0.010
-8.33%
Prev close Open
0.060 0.055
Low High
0.055 0.055
Year l/h YTD var.
0.050 -  0.140 -57.69%
52 week l/h 52 week var.
0.050 -  0.150 -60.71%
Volume 1 month var.
49,000 -%
24hGold TrendPower© : 15
Produces
Develops
Explores for Aluminum - Phosphate - Silica
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/18/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-50.00%0.140.05
2023-26.67%0.280.10
2022-53.13%0.510.12
2021-27.27%0.700.28
202087.23%0.620.07
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.72+0.45%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.42+0.12%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-2.80%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.08-0.95%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.57+0.97%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.30+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.20+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.25+0.00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 38.47-2.31%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.10-4.76%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.