THE DRILL SERGEANT: Matsa Resources (ASX: MAT) announced a Mineral Resource increase for the company’s Lake Carey gold project in Western Australia.
Matsa Resources has taken the Lake Carey Resource to 654,000 ounces of gold, representing a 27 per cent increase to the Measured, Indicated and Inferred Mineral Resources the company released in December 2020 and a 48 per cent increase against the reported Mineral Resources in its 2020 Annual Report.
The company recently reported new Mineral Resources at the Devon Pit and Olympic prospects.
The latest announcement now includes maiden Mineral Resources for the Hill East and Gallant prospects.
The company considers these new models deliver additional Mineral Resources to both the Devon and Fortitude mine hubs.
“Following the fantastic results of our Devon pit Scoping Study…I’m very pleased with these latest results demonstrating significant Mineral Resource growth since last year,” Matsa Resources executive chairman Paul Polisaid in the company’s ASX announcement.
“What’s really exciting is that not only has the global Mineral Resource increased in quantum, it has also seen a modest increase in grade.
“During the next quarter, we will have more drilling and assay results coming in and I expect we’ll also make significant headway into a Red October Mineral Resource update on the back of last year’s excellent Lion Fish, Marlin and Dory drilling results.
“At Devon, the detailed soil sampling program and results continue to enhance the area’s prospectivity highlighting numerous anomalous gold trends that have had little modern exploration activity.
“We’re very keen to drill these wonderful targets, which we anticipate will commence in May.
“Lake Carey and the Matsa team continue to deliver.
“I’m very enthused with our recent results and confident upcoming results will continue to deliver on our strategy to build and operate our own mill at the Lake Carey gold project.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE