Matsa Resources Limited (ASX: MAT) – $0.155
19 Apr 2016
Matsa Resources Limited (ASX: MAT) has commenced reverse circulation drilling at the Big Red gold target at the Dunnsville Gold Project located 70km northwest of Kalgoorlie in Western Australia (Figure 1).
Figure 1. Location of the Dunnsville Gold Project
The drilling program comprises 10 reverse circulation drillholes at the Big Red target to test structurally controlled vein hosted gold mineralisation within the magnetic body that underlies the soil gold anomaly.
Previous RAB drilling by the company at the Big Red target intercepted narrow gold mineralisation at shallow depth including 1 metre at 7.85g/t gold and 1 metre at 6.33g/t gold.
3D inversion modelling of detailed aeromagnetic data defines the magnetic anomaly located beneath the Big Red gold anomaly and remains untested.
For further information, visit www.matsa.com.au
Resources Stocks to Watch (RSTW) is the leader in research on over 600 ASX listed micro to small-cap mining stocks and commodities. We are independent and do not accept commissions. We tell it like it is. Our reports are researched by experienced geologists and resources analysts, the experts in the field.