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Matsa Resources discovers gold in bedrock over 1 kilometre at project in WA’s Eastern Goldfields

Aircore drilling has returned 5.71 g/t gold at the Fortitude North prospect and highly anomalous gold values at BE 4 prospect.
Matsa Resources discovers gold in bedrock over 1 kilometre at project in WA’s Eastern Goldfields
The Lake Carey Project includes a 385,000-ounce gold resource at Fortitude deposit

Matsa Resources Limited (ASX:MAT) has unearthed a 1-kilometre-long gold mineralised zone in bedrock at Lake Carey Gold Project in the Eastern Goldfields of Western Australia.

The prospective ground at Fortitude North is 5 kilometres north of its Fortitude Gold Mine and delivered a best intersection of 9 metres grading 3.16 g/t gold, including 3 metres at 5.71 g/t.

This was found within a broader intersection of 27 metres at 1.34 g/t.

Prospective future

The aircore drilling results have confirmed the potential for new gold discoveries along the under-explored prospective Fortitude Fault.

Perth-based Matsa drilled 9,730 metres with 97 aircore holes as it targeted two high-priority areas, Fortitude North and BE 4 prospect.

Matsa reported: “The results confirm the potential for new gold discoveries in a highly prospective structural setting which has been subjected to only limited previous drilling.”

The company said the bedrock zone found at Fortitude North was more than 1-kilometre long and remained open to the south.

Reverse circulation drilling planned

Matsa plans to start a reverse circulation drilling program as soon as possible to better define mineralisation at Fortitude North.

The company’s wide-spaced drilling at BE 4 Prospect, 4 kilometres east of its Red October Gold Mine, found “highly anomalous gold values”.

BE 4 drilling delivered a maximum gold value of 1-metre grading 0.74 g/t gold which was housed in weathered basaltic volcanics, with most BE 4 gold values grading more than 0.1 g/t.

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Matsa Resources Ltd Timeline

Newswire
September 25 2017

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