THE DRILL SERGEANT: Matsa Resources (ASX: MAT) announced new results from diamond drilling at the company’s Lake Carey gold project in Western Australia.
Matsa Resources completed the seven-hole drilling campaign at the Fortitude North target in February 2020, from which the results of the first two holes demonstrated continuity of mineralisation to the south beneath a small salt lake.
The company has claimed the results from the remaining five holes demonstrate that Fortitude North exhibits the potential to be a substantial new gold discovery in the Lake Carey district.
Highlights from the final five holes include:
3.4 metres at 12.3 grams per tonne gold from 64m, including 1.7m at 21.2g/t gold;
17.2m at 3.4g/t gold from 73m.
4.6m at 5.15g/t gold from 183.4m;
7.9m at 1.89g/t gold from 212.6m, including 2m at 3.82g/t gold from 215.1m.
4.7m at 1.31g/t gold from 137m;
2m at 8.11g/t gold from 223.5m.
Gold intercepts were encountered in six of the seven drill holes with all drill holes intersecting alteration and veining indicating continuity of the mineralised zone.
“These drill results have confirmed continuity of a zone of basement mineralisation 800 metres in length which represents just over half of the 1,500 metres strike extent of basement gold mineralisation defined by aircore drilling,” Matsa Resources said in its ASX announcement.
“This exciting discovery has become Matsa’s highest priority greenfields target and significant further drilling is planned to cover the remaining 700 metres of prospective strike, as well as to carry out infill and step out drilling to define and delineate gold mineralisation at depth, and to assess the resource potential at Fortitude North.”