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Matsa Resources Ltd.
Summary
| Project: | Lake Carey | |
|---|---|---|
| Deposit: | Lake Carey | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-7-2018: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Lake Carey deposit at the Lake Carey project. Drilling results incl. 26.0m @ 1.95g/t Au from 58.0m. Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dave Fielding (Internal) | |
| ABSTRACT: | Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased to announce further assay results, from its recently completed aircore drilling program within the Company’s Lake Carey Gold Project in the Eastern Goldfields of Western Australia Composite samples with anomalous gold values in variably weathered mafic and ultramafic basement rocks at both Fortitude North and BE 4, were resampled at 1 metre intervals to verify gold assays and more accurately define the upper and lower intercept limits. Sampling protocols are shown in Appendix 1, with 1 metre assay results presented in Appendix 2. As previously announced a continuous linear north-south trending zone of bedrock gold mineralisation was defined by 5 lines of aircore drilling over a distance of >1km and remains open to the south under a lake. A comparison between composite and 1 metre assay intercepts from drill holes defining the newly discovered basement gold mineralisation at Fortitude North is shown in Table 1. These results show that 1 metre sampling has verified the earlier results | |
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