Matsa Resources announced the commencement of a RC drilling program at its 100% owned Mt Weld gold project located 12 km south east of AngloGold Ashanti’s Sunrise Dam gold mine and 11 km north east of Saracen Mineral’s Red October gold mine.
According to the company, a program of 5 RC drillholes is planned to test below several potentially significant gold intersections by previous explorers.
“Drilling is underway at the Wilga South prospect which is at the northern end of a continuous 2.3km long zone of basement gold mineralisation defined by values between 0.1 g/t and 7.2 g/t Au in aircore drilling by previous explorers,” the company said in a statement.
According to Matsa, anomalous gold values were intersected by RAB, aircore and limited RC drilling by a number of previous explorers.
“Basement rocks have been weathered to depths >30m and weathered basement is overlain in places by transported sediments associated with the Lake Carey drainage system,” reads the statement.
“Strong linear magnetic features in aeromagnetic data are evident and these appear to define major structural stratigraphic boundaries in the Archaean basement which is made up mostly of basalts with lesser andesitic volcanic, felsic porphyry and dolerites of the Leverton Tectonic Zone.”
The Mt Weld project is located immediately north of Matsa’s recently acquired Lake Carey gold project.