Macarthur Minerals has created a very valuable portfolio of conglomerate/greenstone gold tenements in the Pilbara Region of Western Australia. This portfolio consists of 14 granted Exploration Licenses and two Exploration Licence Applications. These areas are highly sought after, especially given Macarthur has advanced from Exploration Applications to Exploration Licenses which allows for greater level of exploration activity. Two of these granted tenements have been Joint Ventured with Artemis Resources, with ground exploration commencing in Q1, 2018. Five additional tenements, one of which is adjacent to the area Joint Ventured with Artemis, will also be subject to detailed exploration commencing Q1, 2018.
Macarthur Minerals’s 100% owned Hillside Gold Project will be the priority exploration focus as these tenements have had existing historic small-scale gold mining activity and over 700 oz of gold nuggets have been found by prospectors on these tenements.
These Exploration Licenses covering ~1,300km² were progressively granted during November/December 2017 which now provides Macarthur Minerals the opportunity to advance exploration activities.