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Matsa Resources Ltd.
Summary
| Project: | Lake Carey | |
|---|---|---|
| Deposit: | Hill East | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/28/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-4-2020: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Hill East deposit at the Lake Carey project. Drilling results incl. 27m @ 2.04g/t Au from 2m. Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased to | |
| 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 results from its February 2020 RC drilling at Hill East, which is located within 2km of Matsa’s Devon gold mine and 10km SSE of Matsa’s Red October gold mine (Figure 1). Significant New Drilling Results Significant near-surface gold intercepts were returned in 5 of the 6 targets and include the following Hill East is located 2km SE of the Devon gold mine, 6km west of Fortitude gold mine, 9km SW of Fortitude North and 10km S of Red October gold mine which emphasises the significant number of nearby gold deposits at Matsa’s Lake Carey project. Results from this drilling programme provide strong encouragement, both to continue to evaluate near–term development potential of shallow gold mineralisation, as well as to continue exploration for associated deeper gold mineralisation. These targets are well located for consideration as potential satellite operations, which could take advantage of Matsa’s existing Red October infrastructure and ore treatment options. | |
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