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Matsa Resources Ltd.
Summary
| Project: | Lake Carey | |
|---|---|---|
| Deposit: | Red October | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-11-2019: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Red October deposit at the Lake Carey project. Drilling results incl. 2.50m @ 48.70g/t Au from 78m. Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is ple | |
| 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 (MAT announcement to ASX 10th October 2019). Matsa completed 11 underground diamond drill holes, for a total of 1,451 metres focussing on extensions in the main mining area (ROSZ North). Drilling has produced outstanding gold assays and confirms the high-grade potential of the Red October. Matsa Executive Chairman Paul Poli commented: “We can again prove that substantial new mining opportunities remain at the Red October Gold Project. The results achieved by this drilling program are extremely exciting for the Company. Our belief continues to be, that substantial gold zones remain undiscovered and abundant opportunities exist to develop a long term, highly rewarding, underground gold mining operation at Red October. This belief was the core reason we acquired Red October. We will enthusiastically continue to grow and develop Red October and we expect many more exciting results.” | |
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