THE DRILL SERGEANT: Matsa Resources (ASX: MAT) has received early results from diamond drilling at Fortitude North, located within the company’s Lake Carey gold project in Western Australia.
Matsa Resources originally planned for a four0hole drilling program, however it ended up completing seven drill holes (20FNDD02 – 20FNDD08) and has to date received assay results for only two of these.
Drilling was designed to test the strike extent of gold mineralisation the company had previously intersected by diamond and RC drilling in 2018 and 2019.
Drilling at the time was limited to only the northern end of a 1,500 metre long basement gold anomaly discovered by Matsa’s aircore drilling in 2018.
“All seven diamond drill holes intersected alteration and veining which appear to be a continuation of the mineralised zone,” Matsa Resources said in its ASX announcement.
“This program has tested only half of the 1,500m basement gold anomaly.”
Key intercepts include:
4 metres at 13.63 grams per tonne gold from79m, including 1m at 10.2g/t gold from 81m and 1m at 42.9g/t gold from 82m; and
10.3m at 3.48g/t gold from 124.6m, including 6.5m at 4.79g/t gold from127m, including 1m at 13.9g/t gold from 127m.
“Originally only four drill holes were planned but due to the presence of distinctive and highly prospective alteration and veining, the program was expanded to seven drill holes,” Matsa explained.
“Further drilling is planned over the remaining strike extent of the anomaly and to test the resource potential of this discovery.”