Matsa Resources Identifies New Lake Carey Gold Target

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) released results from drilling undertaken in February 2020 at the Hill East prospect, within the company’s Lake Carey gold project in Western Australia.

Matsa Resources highlighted the location of Hill East, being within two kilometres of the company’s Devon gold mine and 10km of its Red October gold mine.

Drilling was carried out on six targets, from which five produced highly-encouraging results, including:

HE 4
5 metres at 4.01 grams per tonne gold from 6m;
9m at 3.04g/t gold from surface;
12m at 1.96g/t gold from 2m;
6m at 3.43g/t gold from 15m;
3m at 6.82g/t gold from 15m.

HE 2
4m at 3.29g/t gold from 4m;
7m at 1.53g/t gold from 20m.

HE 1
27m at 2.04g/t gold from 2m;
3m at 2.23g/t gold from 28m.

HE 5
4m at 6.3g/t gold from 13m;
13m at 1.86g/t gold from surface.

“Results from this drilling program 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,” Matsa Resources said in its ASX announcement.

“These targets are well located for consideration as potential satellite operations, which could take advantage of Matsa’s existing Red October infrastructure and ore treatment options.”