Matsa Resources Encounters Gold in New Olympic Target

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) released further results from its December 2019 RC drilling program, which was designed to test a number of exploration targets close to the company’s Red October gold mine in Western Australia.

Matsa Resources said the drilling, included eight RC holes completed at the newly acquired Olympic target.

The Olympic target is a new exploration target previously unexplored by Matsa and only 800 metres west of its Devon gold mine where high-grade gold results were recently announced.

Drilling at Olympic returned a number of highly encouraging gold intercepts including:

8 metres at 6.94 grams per tonne gold, including 3m at 16.3g/t gold;

2m at 16.6g/t gold, including 1m at 28.6g/t gold;

1m at 4.57g/t gold; and

1m at 4.1g/t gold.

The Olympic target has not been previously explored by Matsa,” Matsa Resources said in its ASX announcement.

“These results reaffirm Matsa’s view of the high prospectivity and potential of its Lake Carey gold project in the Eastern Goldfields of Western Australia.”