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Matsa Resources Ltd.
Summary
| Project: | Lake Carey | |
|---|---|---|
| Deposit: | Lake Carey | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-7-2018: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Lake Carey deposit at the Lake Carey project. Drilling results incl. 27m @ 1.34g/t Au from 57m. Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Not stated (n/a) | |
| ABSTRACT: | Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased to announce assay results from its recently completed aircore drilling program within the Company’s Lake Carey Gold Project in the Eastern Goldfields of Western Australia. Matsa completed 97 aircore drill holes for a total of 9,730 metres over two high priority targets, Fortitude North and BE 4 (MAT announcement to ASX 9th May 2018), and results from drilling are reported in this announcement. Drilling has been highly successful and has resulted in the discovery of a new bedrock gold mineralised zone in excess of 1 km in length, which remains open to the south, and is located just 5km north of Matsa’s Fortitude Gold Mine. Highly encouraging results were also received on wide spaced drilling at the BE 4 prospect located 4 kilometres east of Matsa’s Red October Gold Mine. The results confirm the potential for new gold discoveries in a highly prospective structural setting which has been subjected to only limited previous drilling. | |
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