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Matsa Resources Ltd.
Summary
| Project: | Paisali | |
|---|---|---|
| Deposit: | Paisali | |
| Location: | Thailand | |
| Commodities: | Copper | |
| Date: | 11/24/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-11-2016: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Paisali deposit at the Paisali project. Drilling results incl. 48m @ 0.29% Cu from 104m at Chang 1. Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is ple | |
| 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 where a 6 hole diamond drilling programme for a total of 1,060m has now been completed. 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. Matsa’s Executive Chairman, Paul Poli noted, “I am greatly encouraged by this excellent result which confirms the high prospectivity of this area for new copper deposits and provides strong motivation for the Company to proceed with its aggressive exploration programs in Thailand”. | |
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