THE DRILL SERGEANT: Matsa Resources (ASX: MAT) declared multiple intersections of very high-grade gold from recent drilling undertaken at the company’s Red October gold project in the Eastern Goldfields of Western Australia.
Matsa Resources completed 11 underground diamond drill holes, for a total of 1,451 metres focussing on extensions in the main mining area (ROSZ North).
The company said the gold assays produced confirm the high-grade potential of the Red October gold mine.
Gold intercepts for new zones include:
2.5 metres at 48.7 grams per tonne gold; and
2.55m at 4.89g/t gold.
Additional Red October Shear Zone (ROSZ) intercepts include:
6m at 2.21g/t gold; and
4.4m at 3.3g/t gold.
“We can again prove that substantial new mining opportunities remain at the Red October gold project,”
“The results achieved by this drilling program are extremely exciting for the company.
“Our belief continues to be, that substantial gold zones remain undiscovered and abundant opportunities exist to develop a long term, highly rewarding, underground gold mining operation at Red October.
“This belief was the core reason we acquired Red October.
“We will enthusiastically continue to grow and develop Red October and we expect many more exciting results.”