Matsa Resources Encouraged by Fortitude North Drilling

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) received results from diamond and RC drilling undertaken at Fortitude North within the company’s Lake Carey gold project in the Eastern Goldfields of Western Australia.

Matsa Resource’s recent drilling at Fortitude North has indicated a primary gold mineralised zone that dips moderately towards the east northeast and remains open for 1.5 kilometres to the south.

The drilling consisted of a single diamond drill hole drilled for stratigraphic and structural definition purposes.

The hole intersected primary gold mineralisation with a best intercept of:

8 metres at 2.94 grams per tonne gold from 106.25m, including 5.75m at 3.8g/t gold and 1.3m at 6.73g/t gold.

Matsa has interpreted this intersection to be the down-dip extension of previously announced high-grade gold intersections in RC and aircore drilling located at the northern end of a aircore gold anomaly of which 80 per cent remains untested by RC or diamond drilling.

“Further drilling is planned, including lake diamond drilling over the southern part of the basement gold mineralisation,” Matsa Resources said in its ASX announcement.