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.
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.