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Matsa Resources defines 1.6km nickel anomaly in Fraser Range

Matsa Resources defines 1.6km nickel anomaly in Fraser Range

Matsa Resources (ASX: MAT) has confirmed a 1.6 kilometre long nickel-copper soil anomaly at its Symons Hill Project in the Fraser Range region of Western Australia through infill sampling.

The company has now received 417 additional soil sample assays for Symons Hill which strongly support the potential for nickel-copper mineralisation.

To date 664 samples have been assayed, covering about 80% of the project.

The infill sampling has now clearly identified a nickel anomaly up to 67 parts per million with coincident elevated copper values up to 50 parts per million copper located over a 1.6 kilometre zone on the eastern margin of the interpreted mafic intrusive.

This anomaly may reflect base metal mineralisation along the eastern margin of the underlying intrusive, and represents Matsa’s highest priority exploration target at Symons Hill to date.

Matsa is currently planning follow up sampling and mapping on this zone, now termed Target SH01.

The target will also be covered in the planned VTEM program to begin in early November.

Regional targets

Assays from regional sampling have also identified three additional nickel targets with individual values up to 157 parts per million nickel.

Targets SH02 and SH03 could be new mafic intrusives up to 1.5 kilometres in extent aligned on a north-northwest trending fault as interpreted from airborne magnetics.

The significance of these two new targets is the relatively high nickel values.

SHO4 is a zone of elevated partly coincident nickel-copper values with similarities to target SH01.

It extends for 4 kilometres down the western side of the project, and has had limited investigation at this stage.

All targets will require further infill sampling, prospecting and mapping to evaluate their potential for associated nickel mineralisation.

Proximity to known discoveries

The 96 square kilometre Symons Hill Project is located just 2 kilometres from Sirius Resources’ (ASX: SIR) new Nova deposit in Fraser Range, Western Australia that delivered a discovery intercept of 4 metres at 3.8% nickel and 1.42% copper.

The Symons Hill tenement is bisected by a south-southwest trending fault, known as the Symons Hill Fault, which can be seen on aeromagnetic images to continue towards the Nova discovery.

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