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Cadence Minerals – Macarthur set to advance Moonshine Nickel Prospect with EIS Co-Funded Drilling


Cadence Minerals – Macarthur set to advance Moonshine Nickel Prospect with EIS Co-Funded Drilling


Cadence Minerals (KDNC)FOLLOW notes that Macarthur Minerals (TSX-V: MMS) (ASX; MIO), of whom Cadence hold a 4.1% Equity stake, has announced a grant valued at $85,000 from the Western Australian Government to support drilling of a diamond drill hole at its Moonshine North Nickel Prospect, located within its Lake Giles Iron Project in Western Australia.


The grant is provided under the Exploration Incentive Scheme (EIS) administered by the Department of Mines, Industry Regulation and Safety (DMIRS).


The Project area covers part of the Yerilgee Archean Greenstone belt within the Yilgarn craton.


The geology consists of volcanic sequences mainly comprising of high magnesium basalts, komatiitic and ultramafic flows with numerous interflow banded iron formations (BIFs).


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