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).


MAT Dunnsville Au

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.



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