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Matsa Resources Ltd.
Summary
| Project: | Lake Carey | |
|---|---|---|
| Deposit: | Red October | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/1/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-5-2019: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Red October deposit at the Lake Carey project. Drilling results incl. 0.81m @ 181.50g/t Au from 23.75m. Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is p | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rhianna Farrell (Internal) | |
| ABSTRACT: | Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased to announce results from its recently completed grade control diamond drilling program at the Company’s Red October gold mine in the Eastern Goldfields of Western Australia as recently announced Matsa completed 38 underground diamond drill holes, for a total of 1,877 metres focussing on high priority mining targets. Drilling has produced outstanding gold assays and confirms the high-grade potential of the Red October gold mine as follows. The grade control drilling program was completed on key mining targets in line with the Red October mine plan, and also to prove up additional gold ounces in other near-mine target areas. Drillholes are located in plan view and section view in Figures 3 and 4 below. A table of collar coordinates and setup expressed in mine grid co-ordinates (RO Local Grid) are in Appendix 2. | |
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