Matsa has identified Exploration Targets with potential for new discoveries of between 670,000 oz and 1,350,000 oz gold at
Matsa's existing gold resource of 441,600 oz is contained within the
Targeted exploration is expected to increase the resource base at
The Exploration Target is an important tool whereby available information can be used to guide exploration and prioritise drill hole planning. The potential quantity and grade of an Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
The programme will focus on discovery and definition of new gold resources within defined Exploration Targets at
Matsa's most recent drilling campaign achieved significant gold intersections at Fortitude North, Devon, Olympic and
Matsa's proposed exploration programme is aligned with the corporate strategy of increasing gold inventory by focusing on projects with the highest expectation for discovering new gold resources which can be brought into production in a three year time frame. For this purpose individual projects at
Exploration targets have been considered for higher ranked projects where there is sufficient available data to make a judgement on potential for discovery of significant new gold mineralisation and to achieve economic viability. These projects include
Exploration Target: Between 900kt @ 6.9 g/t Au for 200koz Au and 1.74Mt @ 6.1 g/t Au for 340koz 'The potential quantity and grade of an Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource'.
Contact:
Tel: +61 8 9230 3555
Fax: +61 8 9227 0370
Email: reception@matsa.com.au
Web: www.matsa.com.au
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