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Matsa Resources Ltd.
Summary
| Project: | Lake Carey | |
|---|---|---|
| Deposit: | Bindah | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-7-2017: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Bindah deposit at the Lake Carey project. Drilling results incl. 3m @ 3.62g/t Au from 42m. Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased to ad | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Fielding (Internal) | |
| ABSTRACT: | Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased to advise that the Stage 2 aircore drilling programme was completed over the Bindah Extended Target area at Lake Carey. The programme consisted of 136 drill holes (17LCAC275-410) for 10,376m of drilling over a ~6km section of the Bindah Fault Zone. The programme included infill drilling at the BE2 and BE3 gold targets and step out drilling north of BE 1. The Bindah Fault Zone is a structural and stratigraphic corridor which contains gold mineralisation including the Bindah, Intrepid and Gallant deposits to the south and passes within 5km of the Red October gold mine and within 15km of the Sunrise Dam gold mine to the west and north respectively. (MAT announcements to ASX 17th March 2017, 12th April 2017 and 28th April 2017). Drilling and assay procedures applied to the aircore drilling programme are described in Appendix 1 and drill hole collar information is tabulated in Appendix 2. Aircore drilling was carried out in conjunction with a recently completed diamond drilling programme at BE 1 which was designed to identify and define the source of basement gold anomalism identified by aircore drilling, and to support Matsa’s current R&D programme into the application of passive seismic techniques to detect gold bearing structures (MAT announcements to ASX 17th May 2017 and 23rd May 2017). Five diamond drill holes (17BEDD01 – 17BEDD05) were completed for 1,336m of drilling. Any significant results will be announced once those results have been compiled and interpreted. | |
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