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Matsa Resources Ltd.
Summary
| Project: | Paisali | |
|---|---|---|
| Deposit: | Paisali | |
| Location: | Thailand | |
| Commodities: | Copper | |
| Date: | 2/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2017: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Paisali deposit at the Paisali project. Re-assay results incl. 48m @ 0.39% Cu from 104m. Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased to prov | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Fielding (Internal) | |
| ABSTRACT: | Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased to provide an update on its Paisali base metals project. Drilling was carried out to test several targets associated with a large (1.8km x 1.2km) soil copper geochemical anomaly. The soil copper anomaly which overlies a complex magnetic feature is interpreted to reflect the presence of an altered and copper mineralised diorite intrusion. Importantly, Chang 1 is in an area with strong support for mining and the local community is working hand in hand with Matsa during the exploration phase. As previously announced (refer MAT announcement to ASX dated 30th January 2017), check duplicate assays were completed in Australia from the Chang 1 diamond drilling program. These check duplicate assays results returned significantly higher copper values than those previously announced from a Thailand based laboratory. An investigation into the issue has concluded that the likely reason for the undercall error was a calibration issue with the ICP analytical unit in the Thailand laboratory where original assays were carried out. The calibration issue has since been rectified and check assays on drill hole 17SCDD008 are comparable with original assays. Mr Poli commented, “the revised assays are an excellent result and the higher grades significantly increase the chance that these results may represent economic mineralisation at Chang 1. Further work is planned on receipt of the awaited assays which we hope will expand the current area of interest.” | |
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