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🕐03.03.10 - 19:01 Uhr

Drilling Intersects Hematite Mineralisation at Lake Giles

<html dir="ltr"> <head> <title></title> <link id="_injection_graph_nh_css" charset="utf-8" rel="stylesheet" type="text/css" href="chrome://skype_ff_toolbar_win/content/injection_nh_graph.css" class="skype_name_highlight_style" /> <link id="_skypeplugin_dropdownmenu_css" charset="utf-8" rel="stylesheet" type="text/css" href="chrome://skype_ff_toolbar_win/content/skypeplugin_dropdownmenu.css" /> </head> <body> <div align="center" style="font-family: Arial,Helvetica,sans-serif; font-size: 11px; color: rgb(85, 85, 85); text-align: center;">If you have trouble seeing this e-mail, please click here:<br /> <a href=" /> <br /> Add <a href="mailto:"><strong></strong></a> to your address book or safe list to ensure delivery of email blasts (<a href=" for instructions</strong></a>) <br /> &#160;</div> <table cellspacing="0" cellpadding="8" bordercolor="#000000" border="1" align="center" width="768"> <tbody> <tr> <td width="748"> <table cellspacing="0" cellpadding="5" border="0" width="749"> <tbody> <tr> <td><a href=" height="242" border="0" width="851" src=" alt="" /></a></td> </tr> <tr> <td> <div align="center" style="font-family: Arial,Helvetica,sans-serif; font-size: 20px; color: rgb(0, 0, 0); font-weight: bold;"><strong> Drilling Intersects Hematite Mineralisation at Lake Giles</strong></div> </td> </tr> <tr> <td> <div style="font-family: Arial,Helvetica,sans-serif; font-size: 12px; text-align: justify;"> <p><strong>VANCOUVER, BRITISH COLUMBIA � (Marketwire � March 3, 2010), Macarthur Minerals Limited (<a href=" � TSXV</a> "the Company") </strong>is pleased to advise that RC drilling has intersected hematite/goethite mineralisation at its Lake Giles project with up to 30 metre widths being geologically identified.</p> <p>The drilling was carried out over the outcropping hematite zones the Company mapped and sampled late last year (refer news release dated December 8, 2009). Since drilling commenced on February 18, 2010 a total of 11 holes have been drilled for an advance of 758 metres over the Banjo and Moonshine deposits.</p> <p>Assays are pending for the 11 holes drilled and drilling is ongoing at Banjo. The company has dispatched the samples for analysis to an Independent Laboratory and expects the results in approximately 3-4 weeks time. The material intersected appears similar to the outcropping material sampled at surface. All samples will be analysed by X-Ray Fluorescence Spectrometry (XRF) at SGS Laboratory in Perth, Western Australia.</p> <p>The following is a summary of the drill program undertaken as at March 3, 2010.</p> <p><strong>Banjo</strong><br /> A total of 5 holes for an advance of 400 metres have been drilled at Banjo. Hematite with Goethite has been geologically identified in all 5 holes drilled with 30m being largest down-hole intercept being recorded and an average of 16.2 metres.</p> <p>Mapping and sampling previously released (refer news release dated January 18, 2010) delineated a zone of outcropping hematite mineralisation 700m in length and up to 35m wide. A total of 22 rock chip samples collected over six traverses of the outcropping hematite returned an average of 57.5% Fe with 8.8 % SiO2 and 0.056 % P.</p> <p>Table 1 � Banjo Geological Drill Summary</p> <table cellspacing="0" cellpadding="3" bordercolor="#000000" border="1" width="640" style="font-family: Arial,Helvetica,sans-serif; font-size: 12px; border-collapse: collapse;"> <tbody> <tr> <td width="81" nowradiv=""><strong>Hole ID</strong></td> <td width="71"> <div align="center"><strong>Northing</strong></div> </td> <td width="71" nowradiv=""> <div align="center"><strong>Easting</strong></div> </td> <td width="56"> <div align="center"><strong>mRL</strong></div> </td> <td width="55"> <div align="center"><strong>Dip</strong></div> </td> <td width="61"> <div align="center"><strong>Azimuth</strong></div> </td> <td width="75"> <div align="center"><strong>Depth From (m)</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>Depth</strong><br /> <strong>To</strong><br /> <strong>(m)</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>Width*</strong><br /> <strong>(m)</strong></div> </td> </tr> <tr> <td width="81" nowradiv=""> <div><strong>LGRC_227</strong></div> </td> <td width="71"> <div align="center">6674907</div> </td> <td width="71" nowradiv=""> <div align="center">211045</div> </td> <td width="56"> <div align="center">520</div> </td> <td width="55"> <div align="center">-60</div> </td> <td width="61"> <div align="center">250</div> </td> <td width="75"> <div align="center"><strong>20</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>30</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>10</strong></div> </td> </tr> <tr> <td width="81" nowradiv=""> <div><strong>LGRC_228</strong></div> </td> <td width="71"> <div align="center">6674754</div> </td> <td width="71" nowradiv=""> <div align="center">211176</div> </td> <td width="56"> <div align="center">521</div> </td> <td width="55"> <div align="center">-60</div> </td> <td width="61"> <div align="center">230</div> </td> <td width="75"> <div align="center"><strong>6</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>20</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>14</strong></div> </td> </tr> <tr> <td width="81" nowradiv=""> <div><strong>LGRC_229</strong></div> </td> <td width="71"> <div align="center">6674772</div> </td> <td width="71" nowradiv=""> <div align="center">211193</div> </td> <td width="56"> <div align="center">521</div> </td> <td width="55"> <div align="center">-60</div> </td> <td width="61"> <div align="center">230</div> </td> <td width="75"> <div align="center"><strong>2</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>20</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>18</strong></div> </td> </tr> <tr> <td width="81" nowradiv=""> <div><strong>LGRC_230</strong></div> </td> <td width="71"> <div align="center">6675042</div> </td> <td width="71" nowradiv=""> <div align="center">210898</div> </td> <td width="56"> <div align="center">520</div> </td> <td width="55"> <div align="center">-60</div> </td> <td width="61"> <div align="center">250</div> </td> <td width="75"> <div align="center"><strong>0</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>30</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>30</strong></div> </td> </tr> <tr> <td width="81" nowradiv=""> <div><strong>LGRC_231</strong></div> </td> <td width="71"> <div align="center">6674637</div> </td> <td width="71" nowradiv=""> <div align="center">211341</div> </td> <td width="56"> <div align="center">518</div> </td> <td width="55"> <div align="center">-60</div> </td> <td width="61"> <div align="center">220</div> </td> <td width="75"> <div align="center"><strong>12</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>21</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>9</strong></div> </td> </tr> </tbody> </table> <p>*Widths are reported as down-hole lengths and may be apparent as true widths will be determined with further drilling and interpretations.</p> <p>Recent mapping at Banjo has extended the strike by a further 300m.</p> <p>&#160;</p> <p><strong>Moonshine</strong><br /> A total of 6 holes for an advance of 358 metres have been drilled at Moonshine. Hematite with Goethite has been geologically identified in all 5 holes drilled with 20m being largest down-hole intercept being recorded and an average of 15.2 metres.</p> <p>Mapping and sampling previously released (refer news release dated January 18, 2010) delineated a zone of outcropping hematite mineralisation 500m in length and up to 25m wide. A total of 18 rock chip samples collected over four traverses of the outcropping hematite returned an average of 58.5% Fe with 6.8 % SiO2 and 0.05 % P.</p> <p>Table 2 � Moonshine Geological Drill Summary</p> <table cellspacing="0" cellpadding="3" bordercolor="#000000" border="1" width="644" style="font-family: Arial,Helvetica,sans-serif; font-size: 12px; border-collapse: collapse;"> <tbody> <tr> <td width="81" nowradiv=""><strong>Hole ID</strong></td> <td width="71"> <div align="center"><strong>Northing</strong></div> </td> <td width="76" nowradiv=""> <div align="center"><strong>Easting</strong></div> </td> <td width="57"> <div align="center"><strong>mRL</strong></div> </td> <td width="47"> <div align="center"><strong>Dip</strong></div> </td> <td width="66"> <div align="center"><strong>Azimuth</strong></div> </td> <td width="76"> <div align="center"><strong>Depth From (m)</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>Depth</strong><br /> <strong>To</strong><br /> <strong>(m)</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>Width*</strong><br /> <strong>(m)</strong></div> </td> </tr> <tr> <td width="81" nowradiv=""> <div><strong>LGRC_221</strong></div> </td> <td width="71"> <div align="center">6674907</div> </td> <td width="76" nowradiv=""> <div align="center">788119</div> </td> <td width="57"> <div align="center">488</div> </td> <td width="47"> <div align="center">-60</div> </td> <td width="66"> <div align="center">255</div> </td> <td width="76"> <div align="center"><strong>0</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>14</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>14</strong></div> </td> </tr> <tr> <td width="81" nowradiv=""> <div><strong>LGRC_222</strong></div> </td> <td width="71"> <div align="center">6674754</div> </td> <td width="76" nowradiv=""> <div align="center">788081</div> </td> <td width="57"> <div align="center">490</div> </td> <td width="47"> <div align="center">-60</div> </td> <td width="66"> <div align="center">255</div> </td> <td width="76"> <div align="center"><strong>0</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>8</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>8</strong></div> </td> </tr> <tr> <td width="81" nowradiv=""> <div><strong>LGRC_223</strong></div> </td> <td width="71"> <div align="center">6674772</div> </td> <td width="76" nowradiv=""> <div align="center">788029</div> </td> <td width="57"> <div align="center">497</div> </td> <td width="47"> <div align="center">-60</div> </td> <td width="66"> <div align="center">255</div> </td> <td width="76"> <div align="center"><strong>2</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>16</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>14</strong></div> </td> </tr> <tr> <td width="81" nowradiv=""> <div><strong>LGRC_224</strong></div> </td> <td width="71"> <div align="center">6675042</div> </td> <td width="76" nowradiv=""> <div align="center">788054</div> </td> <td width="57"> <div align="center">496</div> </td> <td width="47"> <div align="center">-60</div> </td> <td width="66"> <div align="center">255</div> </td> <td width="76"> <div align="center"><strong>0</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>20</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>20</strong></div> </td> </tr> <tr> <td width="81" nowradiv=""> <div><strong>LGRC_225</strong></div> </td> <td width="71"> <div align="center">6674637</div> </td> <td width="76" nowradiv=""> <div align="center">787946</div> </td> <td width="57"> <div align="center">503</div> </td> <td width="47"> <div align="center">-60</div> </td> <td width="66"> <div align="center">255</div> </td> <td width="76"> <div align="center"><strong>0</strong></div> </td> <td width="66" nowradiv=""> <div align="center"><strong>13</strong></div> </td> <td width="104" nowradiv=""> <div align="center"><strong>20</strong></div> </td> </tr> </tbody> </table> <p>*Widths are reported as down-hole lengths and may be apparent as true widths will be determined with further drilling and interpretations.</p> <p>Recent mapping along the northern Moonshine trend has an additional area covering 400m of strike length.</p> <p>The company will make further news releases when the relevant information is received.</p> <p>Macarthur Minerals will be at booth #2818 at the Prospectors and Developers Association of Canada (PDAC) Mining Investment Show in Toronto in the South building of the Metro Toronto Convention Centre, downtown Toronto, from March 7-10. The company extends an invite to stop by and visit its display, meet management and discuss its exploration plans for 2010.</p> <p><strong>QUALIFIED PERSON </strong></p> <p>Mr. Andrew Spinks B.App.Sc, Grad.Dip (Mining), a member of AusIMM, and a consultant geologist, is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), in charge of the exploration on the Lake Giles project.</p> <p>On behalf of the Board of Directors, <br /> <strong>MACARTHUR MINERALS LIMITED</strong></p> <p><u>"<em>Alan Phillips</em>"</u> <br /> Alan Phillips, President, Chairman &amp; CEO</p> <p><strong>Corporate Relations</strong> <br /> David Taylor or David Pincin <br /> Tel: (604) 687 0775, Email: <a href="mailto:"></a></p> <p>Australia: Alan Phillips, Tel: +61 418 726 230 <br /> Email: <a href="mailto:"></a></p> <p align="center"><strong>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</strong></p> </div> </td> </tr> <tr> <td bgcolor="#a47b00" width="100%"> <p align="center"><font size="4" face="Arial"> <a href=" <font color="#ffffff">Click Here for a Free Real-time Stock Quote on TSX-V: MMS</font></a></font></p> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table> <p>&#160;</p> <table cellspacing="0" cellpadding="0" bordercolor="#111111" border="0" align="center" width="760" style="border-collapse: collapse;"> <tbody> <tr> <td> <p align="center"><br /> <font size="-2" face="Arial, Helvetica, sans-serif"><span style="color: rgb(12, 0, 0);">Disclaimer: Vantage Communications Ltd. was paid to distribute this bulletin.</span><br style="color: rgb(12, 0, 0);" /> <span style="color: rgb(12, 0, 0);"> Vantage Communications may or may not own securities in this particular company.</span><br style="color: rgb(12, 0, 0);" /> <span style="color: rgb(12, 0, 0);"> THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!</span><br style="color: rgb(12, 0, 0);" /> <span style="color: rgb(12, 0, 0);"> You are on this mailing list because you registered for VantageWire News.</span><br style="color: rgb(12, 0, 0);" /> <span style="color: rgb(12, 0, 0);"> Past performance of Companies mentioned does not guarantee future performance.</span><br style="color: rgb(12, 0, 0);" /> <br style="color: rgb(12, 0, 0);" /> <span style="color: rgb(12, 0, 0);">If you would like to opt out <a href=" here</a>.<br /> </span> <br style="color: rgb(12, 0, 0);" /> <br style="color: rgb(12, 0, 0);" /> <span style="color: rgb(12, 0, 0);"> For more information about this service, please contact</span><br style="color: rgb(12, 0, 0);" /> <span style="color: rgb(12, 0, 0);"> Vantage Communications Ltd. at 1.800.574.0901</span><br style="color: rgb(12, 0, 0);" /> <span style="color: rgb(12, 0, 0);">Suite 550 - 666 Burrard St, Vancouver, British Columbia V6C 3P6 </span><br style="color: rgb(12, 0, 0);" /> <br style="color: rgb(12, 0, 0);" /> <span style="color: rgb(12, 0, 0);"> This email complies with the US Federal CAN-SPAM Act of 2003</span><br /> <br /> &#160;</font></p> </td> </tr> </tbody> </table> <IMG ALT="" SRC=" WIDTH=1 HEIGHT=1></body> </html>

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