Matsa Resources Announces Significant Gold Trend Discovery
Key points
- AngloGold Ashanti completed 41 holes for 11,355m of drilling
- Identified a significant mineralized gold trend over a 2km strike
- Assay results show gold grades up to 10.87g/t Au
Full summary
Matsa Resources Limited announced that AngloGold Ashanti has completed a substantial drilling program over the past six months on the Lake Carey Gold Project, part of the Tenement Option Agreement. The drilling, comprising 41 holes totaling 11,355 meters, has identified a significant mineralized gold trend over a 2km strike length. Assay results from 34 holes indicate widespread gold mineralization, with peak values reaching up to 10.87g/t Au. Matsa's interpretation suggests that the gold trend remains open-ended to the north and south, highlighting the tenement's significant exploration potential.
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