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Matsa Resources Ltd.
Summary
| Project: | Mt Weld | |
|---|---|---|
| Deposit: | Wilga South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-9-2016: Matsa Resources Ltd. announces an Exploration/Drilling Update report for its Wilga South deposit at the Mt Weld project. Drilling results incl. 4m @ 0.94g/t Au from 188m. Matsa is pleased to provide an update on its recent and current drilling p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Fielding (Internal) | |
| ABSTRACT: | Matsa is pleased to provide an update on its recent and current drilling programmes which include: Results received from the recently completed RC drilling at the Mt Weld gold project. Drilling on the Wilga South anomaly was carried out within the Mt Weld project (Refer MAT announcements to the ASX dated 29th July 2016 and 8th August 2016). Five RC drillholes were completed for a total of 1,037m of drilling as summarised in Table 1. Drilling was completed at the Wilga South prospect which is located at the northern end of a continuous ~2km long zone of basement gold mineralisation defined by values between 0.1 g/t Au and 7.2 g/t Au in aircore drilling by previous explorers. Drill cuttings were sampled at 1m intervals via rotary splitter with bulk rejects bagged and laid out in 1m intervals. A total of 261 composite samples each representing an interval of up to 4m were submitted for gold assay by ALS Perth WA (Appendix 1). Composite sample results >0.01ppm Au are listed in Appendix 2. Composite assay results have confirmed the presence of a steeply east dipping zone of low grade gold mineralisation along the sheared contact between dolerite and basalt with a best intercept of 4m @ 0.94 g/t Au from 188m in drill-hole 16MTWRC04. It is planned to submit individual 1m samples from each 4m composite sample for assay. | |
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