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Matsa Resources Ltd.
Summary
| Project: | Lake Carey | |
|---|---|---|
| Deposit: | Fortitude North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/19/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-2-2020: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Fortitude North deposit at the Lake Carey project. Drilling results incl. 4m @ 13.63g/t Au from 79m. Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is ple | |
| 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 new results which have been received so far from diamond drilling at Fortitude North, which is part of the previously announced exploration programme within the Company’s Lake Carey gold project. The original programme of 4 diamond drill holes was expanded to 7 using a lake drilling rig (MAT announcement to ASX 2nd December 2019). Significant Extension of Primary Gold Mineralisation Drilling was designed to test the strike extent of gold mineralisation previously intersected by diamond and RC drilling in 2018 and 2019 (MAT announcement to ASX 7th May 2019). Drilling at the time was limited to only the northern end of the 1,500m long basement gold anomaly discovered by Matsa’s aircore drilling in 2018. The recently completed programme was carried out using a lake diamond drill rig in order to explore an 800m segment of the 1,500m long anomaly which is located under the lake (Figure 1). A minimum of a further 6 diamond holes are planned to test the remaining strike extent of the anomaly and test the resource potential of this discovery. | |
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