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Matsa Resources Ltd.
Summary
| Project: | Lake Carey | |
|---|---|---|
| Deposit: | Devon mine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/22/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-1-2020: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Devon mine deposit at the Lake Carey project. Drilling results incl. 15m @ 20.78g/t Au from 23m. Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased | |
| 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 announce preliminary results from RC drilling at its Devon mine site which illustrates continuation of high grade mineralisation within the Company’s Lake Carey gold project in the Eastern Goldfields of Western Australia. The RC drilling programme which was carried out in December 2019, comprised a total of 5 drill holes for 733m at the Devon mine. Drilling was carried out at Devon during December 2019. The 5 drill holes completed were designed to test continuity of gold mineralisation below historic underground and more recent open-pit mine workings. Highly encouraging gold assay results were returned in four of the 5 drill holes completed. Three of these intercepts are interpreted to lie on a continuation of the Devon Main Lode zone which was previously mined by GME Resources Ltd. (Reported mine production of 47,302 tonnes at an average grade of 5.3 g/t Au to a depth of 42m) High grade gold mineralisation was also intersected in one drill hole, in the hanging wall above the Main Lode zone. This mineralisation, referred to as the Hanging Wall Zone was not previously mined and appears to be poorly tested by previous drilling and hence warrants much further work. | |
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