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Matsa Resources Ltd.
Summary
| Project: | Lake Carey | |
|---|---|---|
| Deposit: | Bindah | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-4-2017: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Bindah deposit at the Lake Carey project. Drilling results incl. 2m @ 25.3g/t Au from 93m. Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased to r | |
| 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 report further significant results (including values in excess of 1 oz/t Au), from its aircore drilling programme at Lake Carey. The program has been focused on the Bindah Extended (BE) target area where basement rocks are concealed beneath transported lacustrine clays in Lake Carey. Matsa is targeting an 8km section along this highly prospective structural and stratigraphic corridor which is largely untested by previous drilling. (Refer MAT announcement to the ASX 22nd November 2016 and 30th January 2017) Mineralisation within the gold mineralised zone defined by drilling at BE 1, is thought to be related to brittle fracture and focus of gold mineralised fluids by movement along the Bindah fault. This is the style of gold mineralisation described at the world class ~7 million oz. Granny Smith gold deposit 47km to the north which occurs in and along the margins of a granodiorite intrusion. Assay results were received as follows: a total of 36 individual 1m samples over previously reported gold anomalous composites samples (typically 4m in length) from drillholes 17LCAC239- 17LCAC245 intervals. And: all remaining composite samples from the Stage 1 aircore programme (76 samples from aircore drillholes 17LCAC271 – 17LCAC274). Results > 1g/t Au are highlighted in yellow in Figure 1 and discussed below. | |
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