Results from this drilling programme provide strong encouragement, both to continue to evaluate near-term development potential of shallow gold mineralisation, as well as to continue exploration for associated deeper gold mineralisation. These targets are well located for consideration as potential satellite operations, which could take advantage of Matsa's existing
Each of the exploration targets at Hill East, are typically 200m long and comparatively close spaced (20 - 30m hole spacing's). RC drilling was carried out with the objective of determining continuity and extents of shallow mineralisation outlined by previous drilling and which are intermittently exposed in historic workings. It is noteworthy that the four eastern targets tested, namely HE 1 - HE 4 are located within a well defined auger soil gold anomaly with maximum values in soil of up to 0.5 g/t Au.
Background:
Matsa holds a significant ground position of 563km2 at Lake Carey which is highly prospective for new gold discoveries. The Company is committed to becoming a mid-tier gold mining company through its production at the
Contact:
Tel: +61 8 9230 3555
Fax: +61 8 9227 0370
Email: reception@matsa.com.au
Web: www.matsa.com.au
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