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Strategies & Market Trends : Canadian Junior Resource Roundup

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To: El Ringo who wrote (4373)

11/22/2017 1:07:03 PM

From: ayeyou

of 4478

I actually bought some PIO last night as they finally got me set at IB. I like them but dont want to spread out over too many plays down there. I did see that ARV is going to do some exploration on a little Canadian play who has ground there and may tap a few of those. MMS on the TSX-V

by @nasdaq on November 22, 2017
Artemis Resources to Commence Exploration for Conglomerate Gold on Macarthur Minerals’ Tenements in the Pilbara

VANCOUVER, British Columbia, Nov. 22, 2017 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited(TSX-V:MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce that Artemis Resources Limited (“Artemis”) is to commence exploration for conglomerate hosted gold at Macarthur Minerals’ two tenements subject to an option agreement, as previously announced on October 8, 2017.


	Figure 1. Macarthur Minerals’ tenements showing area of interest for stream sediment sampling across the Mt Roe Basalt

A photo accompanying this announcement is available at globenewswire.com

David Taplin, Joint CEO and Director of Macarthur Minerals commented:

“Macarthur Minerals is looking forward to Artemis Resources commencing exploration for the identification of conglomerate gold on its tenements subject to the option agreement with Artemis Resources.”

EXPLORATION PROGRAM

Artemis has advised it will shortly commence a stream sediment sampling program with a focus on identifying a prospective conglomerate hosted gold horizon.

Tenements E45/4779 and E45/4732 cover approximately 78 km of the basal contact of the Mt Roe Basalt. The target for the conglomerate gold horizon is beneath the Mt Roe basalt as has been shown at Artemis’ Purdy’s Reward Project where numerous gold nuggets have been discovered.

The sampling program will involve the collection of around 355 stream sediment samples collected primarily across the Mt Roe Basalt (Figure 1). Samples of conglomerate will also be collected where discovered.

In addition, Macarthur Minerals will undertake additional sampling across the Mt Roe Basalt on the adjacent E45/4764, which it has an option to acquire (Figure 1).

Assays are expected to be available within the next few weeks and will be reported as they become available.

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