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MATSA RESOURCES LIMITED — Capital/Financing Update 2020
Dec 6, 2020
65296_rns_2020-12-06_a46807ed-2d83-4423-902c-a827f44aba22.pdf
Capital/Financing Update
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Matsa Resources Limited
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ASX Announcement
7[th] December 2020
High Grade Gold Results Enhances Devon
Highlights
- Reverse Circulation (RC) drilling confirms gold mineralisation in zones of high grade, narrow, strongly sulphidic shears and quartz veins, with similarities to Matsa’s Red October Gold Mine
CORPORATE SUMMARY
Executive Chairman
Paul Poli
Director
- Significant intercepts include:
Frank Sibbel
Main Lode
Director & Company Secretary
-
4m @ 15.55 g/t Au from 71m, incl 3m @ 19.6 g/t Au
-
2m @ 8.23 g/t Au from 65m, incl 1m @ 15.19 g/t Au
-
3m @ 10.56 g/t Au from 119m, incl 1m @ 25.93 g/t Au
-
2m @ 11.3 g/t Au from 95m, incl 1m @ 20.95 g/t Au
-
5m @ 2.44 g/t Au from 110m, incl 1m @ 9.1 g/t Au
Hanging Wall Lode
- 12m @ 8.97 g/t Au from 14m, incl 2m @ 24.08 g/t Au from 14m, incl 1m @ 50.39 g/t Au
Andrew Chapman
Shares on Issue
271.14 million
Unlisted Options
77.78 million @ $0.17 - $0.35
Top 20 shareholders
Hold 56.1%
Share Price on 4[th] December 2020
- 2m @ 6.56 g/t Au from 72m, incl 1m @ 12.23 g/t Au
12 cents
-
1m @ 18.71 g/t Au from 46m
-
3m @ 7.83 g/t Au from 62m
Market Capitalisation
$32.54 million
-
Drilling confirms shallow high grade gold in the Hanging Wall Lode remaining open to the north with the potential to significantly enhance Devon
-
Gold mineralisation in the Main lode is interpreted to plunge towards the north and remains open
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
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Figure 1: Devon RC drilling October 2020 with Interpreted Surface Projection of Main and Hanging Wall lodes, Previous Drilling and Tenement Boundaries
Matsa Resources Limited (“Matsa” or “the Company” ( ASX: MAT ) is pleased to announce assay results from recent Reverse Circulation (RC) drilling at the Company’s Devon Prospect within the Lake Cary Gold Project located in the Eastern Goldfields of Western Australia.
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487 Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
Devon RC Drilling Programme October 2020
The RC drilling programme comprised 46 RC drill holes (20DVRC006 to 20DVRC051) for a total of 5,075m. This drilling programme was carried out as part of Matsa’s stated objective of increasing the company’s resource base within the Lake Carey gold project through discovery of new gold mineralisation.
An Exploration Target[1] of between 100,000 and 250,000 ounces of gold was estimated at Devon based on historic drilling and more recent drilling conducted by Matsa [2] .
Drilling was designed to test the resource potential of the Exploration Target at Devon in terms of grade, continuity, depth and strike extents of the moderately SW dipping Main Lode and the adjacent more steeply dipping Hanging Wall Lode (Figure 1).
The high grade Devon gold mine is one of a number of exploration targets being tested within the Company’s Lake Carey gold project.
Assay results to date have further defined gold mineralisation within the Main Lode and Hanging Wall Lodes which remain open down plunge and at depth respectively as previously described at Devon[3] .
Devon RC Drilling Results
Significant intercepts from recent RC drilling are listed below: (For full list of Assay Results >0.1 g/t Au refer Appendix 2 – Part 2)
Main Lode Zone Intercepts
20DVRC016: 5m @ 2.13 g/t Au from 75m incl 1m @ 8.43 g/t Au
20DVRC028: 1m @ 22.07 g/t Au from 70m
20DVRC031: 4m @ 15.5 g/t Au from 71m, incl 3m @ 19.6 g/t Au 20DVRC033: 2m @ 8.23 g/t Au from 65m, incl 1m @ 15.19 g/t Au
20DVRC034: 3m @ 6.33 g/t Au* from 59m
20DVRC036: 3m @ 10.56 g/t Au from 119m, incl 1m @ 25.93 g/t Au 20DVRC037: 2m @ 11.3 g/t Au from 95m, incl 1m @ 20.95 g/t Au
20DVRC039: 5m @ 2.44 g/t Au from 110m, incl 1m @ 9.1 g/t Au
Hanging Wall Lode Intercepts
20DVRC020: 1m @ 18.71 g/t Au from 46m
20DVRC022: 12m @ 8.97 g/t Au from 14m, incl 2m @ 24.08 g/t Au & 1m @ 50.39 g/t Au
20DVRC032: 2m @ 6.56 g/t Au from 72m , incl 1m @ 12.23 g/t Au
1 The Exploration Target is based on available information 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.
2 ASX Announcement 18th August 2020 - Significant Gold Potential Lake Carey Gold Project
3 ASX Announcement 22nd January 2020
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
20DVRC050: 3m @ 7.83 g/t Au* from 62m
- Assay based upon 3m Composites, 1m split assays awaited
Interpretation and comments on drilling results can be summarised as follows:
-
Mineralisation in the Main Lode appears to plunge at a shallow angle to the north and remains open and next phase drilling is planned to more fully define the mineralisation (Figure 2)
-
Drilling confirms the complex structural nature of both the Main and the Hanging Wall lodes
-
High grade gold mineralisation in the Hanging Wall Lode including very shallow intersections in the weathering profile in 20DVRC022 ( 12m @ 8.97 g/t Au from 14m) and in previous Matsa drill hole 19DVRC003 ( 15m @ 20.78 g/t Au from 23m), and remains open to the north and at depth (Figure 3)
-
The Hanging Wall Lode, which does not outcrop at surface and with no historic mining, remains very sparsely drilled. Future drilling will seek to test the shallow depth potential and extensions to mineralisation to the north which remains open
Collar locations are shown in Figure 1, intersections on the Main and Hanging Wall Lodes are summarised in longitudinal projections in Figures 2 and 3, and selected cross sections are shown as Figures 4-6.
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Figure 2: Devon Main Lode Longitudinal Projection, Summary Drilling Results and Recent Drilling
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
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Figure 3: Devon Hanging Wall Lode Longitudinal Projection, Summary Drilling Results and Recent Drilling
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Figure 4: Devon Cross Section 3 - Depicting hole 20DVRC022
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
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Figure 5: Devon Drilling Cross Section 1 - Depicting hole 20DVRC034 – 36
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Figure 6: Devon Cross Section 2 - Depicting hole 20DVRC027, 31 & 32
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
Sampling and Assay Procedures
First round assay results for 3m composite samples have been received to date for the 46 RC drill holes completed in the most recent round of drilling (Figure 1). Final assay results were also received for 1m split samples over selected intervals from 38 of the 46 drill holes. Consequently, this announcement draws on results from the 1m split samples where available, and on composite assay results for the 8 holes* where 1m split results are not yet available.
Assays continue to be subject to significant delays and this is an industry-wide issue due to the substantial increase in drilling activity seen in Western Australia in recent months.
Sampling and assay procedures and protocols are documented in Appendix 1, assays >0.1g/t Au are listed in Appendix 2 - Part 2. Assays for the Main Lode and Hanging Wall Lodes respectively, are summarised in Figures 2 and 3.
Matsa’s sampling protocols as noted in Appendix 1, specify that:
-
first pass assays are carried out on 3m composite samples
-
1m split samples are submitted for composite intervals returning >0.1 g/t Au
As noted above, assay results have been subject to significant delays and at the time of writing, 1m assays have been received for 38 of the 46 drill holes completed, consequently 1m split assays are not available for drill holes 20DVRC034 and 20DVRC045-20DVRC051 (Figure 2 and Figure 3).
Next Steps
Down-hole optical televiewer surveys providing oriented structural and lithological data were successfully completed in many of the recent RC drill holes. Analysis of this data is planned to be carried out in order to more accurately define structure, geological contacts and mineralisation.
Multi-element check assays are planned over selected intervals in order to examine potential pathfinder and alteration signatures to gold mineralisation.
Diamond drilling to obtain oriented drill core through Devon is planned once all assays have been received and a complete assessment of results has been carried out.
Devon Gold Mine Background
Historic production of 10,832 tonnes @ 19.5 g/t Au for 6,815 ounces of gold was reported from shallow underground workings between 1913 and 1929. More recent open pit mining was carried out by GME between June 2015 and August 2016 with reported production of 47,302 tonnes at an average grade of 5.3 g/t Au to a depth of 42m[4] .
Gold mineralisation at Devon is contained within ultramafic and mafic intrusives including pyroxenite, gabbro, quartz gabbro and dolerite. There are additional subsidiary gold bearing quartz veins adjacent to the main lode which are also of interest to Matsa.
There are similarities between gold mineralisation at Devon and Red October which are both made up of narrow, high grade, structurally complex quartz sulphide lodes in a mostly mafic ultramafic host sequence.
4 GME Resource ASX Announcement 25/10/2016 - Quarterly Report
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
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Figure 9: Devon Location in relation to Red October, Fortitude and proximity to haul roads
The Lake Carey Gold Project
Matsa holds a ground position of 563km[2] at Lake Carey which is highly prospective for new gold discoveries. The Company is committed to becoming a mid-tier gold mining company with the commencement of underground production at the Red October gold mine. This follows its recently completed trial mining operation at Fortitude and mining at the Red Dog deposit. Furthermore, studies are continuing into the viability of a full scale open-pit gold mine at Fortitude.
Matsa also sees substantial opportunities for further discoveries in favourable structural and stratigraphic settings within the Lake Carey Project area which remain relatively under-explored. The Fortitude and Bindah Faults are examples of favourable corridors which contain gold mineralisation
(eg. Bindah, Fortitude, Jubilee, Misery and Keringal) and Matsa’s recently discovered gold targets (BE 1 - 4).
Matsa’s discovery at Fortitude North and earlier discoveries along the Bindah Fault, provides strong support for Matsa’s belief that there are significant areas which remain under-explored despite 30 years of exploration since the discovery of Sunrise Dam in 1988.
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
This ASX announcement is authorised for release by the Board of Matsa Resources Limited.
For further information please contact:
Paul Poli
Executive Chairman T 08 9230 3555 E [email protected]
Competent Person Statement
The information in this report that relates to Exploration results, is based on information compiled by David Fielding, who is a Fellow of the Australasian Institute of Mining and Metallurgy. David Fielding is a full time employee of Matsa Resources Limited. David Fielding has sufficient experience which is relevant to the style of mineralisation and the type of ore deposit under consideration and the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. David Fielding consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
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Matsa Resources Limited
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Appendix 1 - Matsa Resources Limited – Lake Carey Project
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation Commentary |
|---|---|
| Sampling techniques |
• Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. RC drill cuttings sampled at 1m intervals through cone splitter into numbered bag. Bulk residues stacked on the ground with one metre split sample on top. Composites samples ~3kg in weight representing 3m downhole intervals are hand scooped from bulk residue submitted for gold-only assay. • Measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Composite samples are poorer quality samples than the cone split 1m samples, but are used to identify mineralised intervals. Consequently, 1m split samples in all composite intervals >0.1 g/t are assayed for final result. Where several composite samples return >0.1 g/t, any intermediate composited intervals which did not assay >0.1 g/t Au within the “run” are also selected for assay of 1m splits. • Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. Samples of 2-3kg were collected for both composite and 1m split sample intervals. No special measures were taken for coarse gold. The photon assay technique utilises a significantly larger charge (500g) than either 30g or 50g fire assay and so would be more appropriate if coarse gold is present. |
| Drilling techniques |
• Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.). Drilling was carried out using a truck mounted RC rig. Drilling employed a high quality face sampling RC system with sampling carried out through a cyclone and cone splitter which was cleaned regularly. Drilling made use of a booster and overall sample quality was good despite strong water inflows, dry samples throughout. |
| Drill sample recovery |
• Method of recording and assessing core and chip sample recoveries and results assessed. Sample recovery as determined by bulk residue volume was reasonably to highly consistent and sufficient for an evaluation drilling program. |
| • Measures taken to maximise sample recovery and ensure representative nature of the samples. Every effort made to clean sample system at the end of each 6m rod. Hand sampling of composites was carried out carefully to avoid any contamination by |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
| Criteria | JORC Code explanation Commentary |
|---|---|
| soil. | |
| • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. No significant change in volume of drill cuttings was observed in association with mineralisation. |
|
| Logging | • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Simple qualitative geological logs using standard geological coding sheets. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. Logging is qualitative in nature. • The total length and percentage of the relevant intersections logged. Logging was carried out on all RC cuttings. |
| Sub-sampling techniques and sample preparation |
• If core, whether cut or sawn and whether quarter, half or all core taken. Non core. • If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. Composite samples were scooped from bulk residue piles. 1m samples bagged at cyclone through rotary splitter. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. Sample prep for photon assay technique differs from fire assay and acid digest techniques by involving drying and crushing to nominal 500g charge at -3mm. No pulverizing is required for this technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples QA QC samples were submitted with for the … 1m split samples collected in the form of …. duplicate samples …standard samples and…. blank samples, • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second- half sampling Scooped composites can be biased but individual 1 metre samples are continuous rotary split samples and as such are expected to be highly representative of in situ mineralisation. • Whether sample sizes are appropriate to the grain size of the material being sampled. Sample weights of ~3kg documented are adequate for fine gold. The photon assay technique utilises a comparatively large 500g charge and would be more appropriate for coarsegold than a 30gor 50gfire assay |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
| Criteria | JORC Code explanation Commentary |
|---|---|
| Quality of assay data and laboratory tests |
• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. Samples for Photon Assay are dried and crushed to nominal -3mm and ~500g linear split into photon assay jar for analysis. All excess sample retained. Photon Assay is a fully automated technique designed for the analysis of ores. It uses high energy x-rays to excite the atoms so liberation from the surrounding material is not required. The ~500g single-use jars allows for bulk analysis with no chance of cross contamination between samples Assay accuracy determined by laboratory QACQ process. Very high grade gold assay values were subjected to appropriate determinationsprior to reporting. |
| • For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Not applicable. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie. lack of bias) and precision have been established. QA QC samples were submitted for assay together with4931m split samples in the form of 13 duplicate samples, 12 standard samples and 19 blank samples Analysis of the QAQC samples shows acceptable variation around expected values. |
|
| Verification of sampling and assaying |
• The verification of significant intersections by either independent or alternative company personnel. individual 1m splits were submitted for assay to more accurately define reported composite intercepts with results awaited. All assay and sampling procedures verified by company personnel. All results reviewed and cross checked by Exploration Manager Dave Fielding • The use of twinned holes. No twinned holes carried out. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Geological and sampling data recorded on Toughbook in the field to minimise transcription errors. Hole locations recorded on GPS and compared prior to upload to database. • Discuss any adjustment to assay data. Assays reported in this announcement are assays of 1m split samples for drill holes 20DVRC006-20DVRC033, DVRC035-DVRC044), Drill holes 20DVRC034 and 20DVRC051 are composite assays with final 1m split assays awaited. |
| Location of data points |
• Accuracy and quality of surveys used to locate drill holes (collar and down- hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Collar location surveyed by DGPS to an accuracy of <0.5m. RC drill holes were set up at surface using a compass and clinometer. Downhole measurements of azimuth, and dip were carried out using gyroscopic tool downloaded digitally. Downhole Surveys have been incorporated into the interpretive cross sections in the body of the report. |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
| Criteria | JORC Code explanation Commentary |
|---|---|
| • Specification of the grid system used. GDA94 UTM co-ordinate system Zone 51. • Quality and adequacy of topographic control. All collars pickups were conducted utilising the Devon Mine Datum a registered point MC DEV3 Located at 445794.628E and 6760005N and 399.716AHD and established byRegistered Surveyor Douglas Fox on 18thJune 2019. |
|
| Data spacing and distribution |
• Data spacing for reporting of Exploration Results. RC drilling was to assess near surface resource potential of the Main Lode below existing open pit mine which was carried out in 2015 and 2016 by GME Resources Ltd and in the Hanging Wall Lode where no previous drilling was carried out. |
| • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Drill hole spacing taken together with existing drilling, is sufficient to establish continuity of the mineralised zones in the Main and Hanging Wall Lodes which are made up of narrow, high grade, structurally complex mineralised shears and veins. These are expected to be subject to variable thickness and grade. Long sectional interpretations particularly of the Main Lode outline the extents of reasonably continuous mineralisation. Drilling in the Hanging Wall lode has not yet defined the extents and continuity of mineralisation in that position. • Whether sample compositing has been applied. Compositing of samples from 1m to a maximum of 3m was carried out for first pass assay. |
|
| Orientation of data in relation to geological structure |
• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. Angled drilling was oriented to take into account the structural interpretation of the Devon Main Lode which is interpreted to dip around -45 degrees towards the SW. |
| • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. Unlikely to be biased. Orientation of continuous mineralisation was confirmed by mining. |
|
| Sample security |
• The measures taken to ensure sample security. Samples are delivered to the laboratory by Matsa Staff. No special security procedures are carried out in the field. |
| Audits or reviews |
• The results of any audits or reviews of sampling techniques and data. No audit carried out yet. |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria JORC Code explanation |
Commentary | |||||
|---|---|---|---|---|---|---|
| Mineral tenement and land tenure status • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area. |
Exploration was carried out over the followingtenements: Tenement Status Holder Granted Area Units M39/1077 LIVE Matsa Gold Ltd 20/12/2013 14.56 HA M39/500 Live Anova Metals Australia Pty Limited 20/12/2013 420.31 HA Purchased by Matsa Gold Pty Ltd effective 11/10/2019, transfer of title in progress. |
carried out over the followingtenements: | ||||
| Status | Holder | Granted | Area | Units | ||
| LIVE Live |
Matsa Gold Ltd Anova Metals Australia Pty Limited |
20/12/2013 20/12/2013 |
14.56 420.31 |
HA HA |
||
| Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. |
Significant drilling, resource estimation, mining studies and mining was undertaken in M39/1077 by GME Resources. Previous drilling was carried out by a variety of companies and have been incorporated into later work and drilling programs by GME Resources. Key releases to the ASX by GME Resources Ltd 29/10/2013,30/09/2014,26/10/2015,30/10/2015,26/1/2016. |
|||||
| Geology • Deposit type, geological setting and style of mineralisation. |
The deposit comprises high grade sulphide quartz stringers in a mineralised zone dipping moderately towards the SW. There are additional related mineralised structures which occur as splays or adjacent bodies of mineralisation. The style of mineralisation is Orogenic Gold, with mineralisation occurring at or about peak deformation and metamorphism of the Archaean Host sequence which at Devon comprise mostly mafic ultramafic volcanics, which have been intruded by a suite of small felsicporphyrybodies. |
|||||
| Drill hole Information • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all material drill holes: o easting and northing of the drill hole collaro elevation or RL (Reduced Level – elevation above sea level in metres) ofthe drill hole collar |
Drill hole information is summarised in the report, with collar location setup information and diagrams in the body of the report, assays >0.1 g are included as Appendix 2. Significant assays are presented in the body of the report. Reference is made to historic drilling, which has been summarised in the body of the report. Key ASX announcements on exploration and development of the Devon Mine are listed above. |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
o dip and azimuth of the hole |
||
o down hole length and interception depth |
||
o hole length. |
||
| • If the exclusion of this information is justified on the basis that the | No significant information was excluded deliberately. |
|
| information is not material and this exclusion does not detract from the | ||
| understanding of the report, the Competent Person should clearly explain | ||
| why this is the case. | ||
| Data | • In reporting Exploration Results, weighting averaging techniques, | Quoted intercepts are based on amalgamations of composite sample assays and |
| aggregation | maximum and/or minimum grade truncations (eg. cutting of high grades) | individual 1m split samples sometimes averaged over two or three samples. |
| methods | and cut-off grades are usually material and should be stated. | Aggregates are reported as simple averages of individual assay results,all |
| • Where aggregate intercepts incorporate short lengths of high grade | quoted intercepts include bounding samples returning >1 g/t Au and contains |
|
| results and longer lengths of low grade results, the procedure used for such | less than 3m of mineralized waste material <1 g/t Au, within the quoted |
|
| aggregation should be stated and some typical examples of such | intercept. |
|
| aggregations should be shown in detail. | ||
| • The assumptions used for any reporting of metal equivalent values should | ||
| be clearly stated. | ||
| Relationship | • These relationships are particularly important in the reporting of | All intercepts quoted relate to downhole depth and true widths have not been |
| between | Exploration Results. | quoted. |
| mineralisation | • If the geometry of the mineralisation with respect to the drill hole angle is | |
| widths and | known, its nature should be reported. | Current interpretation suggests that drill holes need to be oriented towards the |
| intercept lengths | • If it is not known and only the down hole lengths are reported, there should | NE to test moderately SW dipping main lode and potentially subvertical hanging |
| be a clear statement to this effect (eg ‘down hole length, true width not | wall structures. |
|
| known’). | ||
| Intercepts are expressed in downhole metres. | ||
| Diagrams | • Appropriate maps and sections (with scales) and tabulations of intercepts | A drill hole location plan, longitudinal projections of the Main and Hanging Wall |
| should be included for any significant discovery being reported These | Lodes and summary cross sections have been used to illustrate the results in a |
|
| should include, but not be limited to a plan view of drill hole collar locations | meaningful way. |
|
| and appropriate sectional views. | ||
| Balanced | • Where comprehensive reporting of all Exploration Results is not | All drilling information from Devon was used. |
| reporting | practicable, representative reporting of both low and high grades and/or | |
| widths should be practiced to avoid misleading reporting of Exploration | ||
| Results. |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Other | • Other exploration data, if meaningful and material, should be reported | The review made use of publicly available aeromagnetics and gravity. Past |
| substantive | including (but not limited to): geological observations; geophysical survey | drilling by a number of companies on the project as compiled by GME Resources |
| exploration data | results; geochemical survey results; bulk samples – size and method of | was acquired upon acquisition of the project. |
| treatment; metallurgical test results; bulk density, groundwater, | ||
| geotechnical and rock characteristics; potential deleterious or |
||
| contaminating substances. | ||
| Further work | • The nature and scale of planned further work (eg tests for lateral | A complete revision of geological model is underway in order to determine the |
| extensions or depth extensions or large-scale step-out drilling). | most appropriate follow up drilling program. | |
| • Diagrams clearly highlighting the areas of possible extensions, including | Potential depth extensions of the Main lode zone are shown in the Longitudinal |
|
| the main geological interpretations and future drilling areas, provided this | Projection. |
|
| information is not commercially sensitive. |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
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Matsa Resources Limited
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(Criteria in this section apply to all succeeding sections.)
Appendix 2: Matsa Resources Limited – Devon RC Drilling September October 2020
Part 1: Drill Hole Collar Locations, Depths and Setup Information
| Hole_ID | HoleType | Depth | GridID | East | North | RL | Dip | Azimuth |
|---|---|---|---|---|---|---|---|---|
| 20DVRC006 | RC | 47 | MGA94_51 | 445965 | 6759964 | 397 | -61 | 74.5 |
| 20DVRC007 | RC | 71 | MGA94_51 | 445945 | 6759959 | 398 | -58 | 71.2 |
| 20DVRC008 | RC | 44 | MGA94_51 | 445979 | 6759920 | 399 | -60 | 69.3 |
| 20DVRC009 | RC | 83 | MGA94_51 | 445963 | 6759913 | 398 | -60 | 70 |
| 20DVRC010 | RC | 101 | MGA94_51 | 445901 | 6759984 | 398 | -60 | 70 |
| 20DVRC011 | RC | 137 | MGA94_51 | 445873 | 6759990 | 398 | -60 | 71 |
| 20DVRC012 | RC | 119 | MGA94_51 | 445848 | 6760001 | 399 | -60 | 70 |
| 20DVRC013 | RC | 143 | MGA94_51 | 445818 | 6760011 | 399 | -65 | 70 |
| 20DVRC014 | RC | 125 | MGA94_51 | 445799 | 6760071 | 398 | -60 | 70 |
| 20DVRC015 | RC | 143 | MGA94_51 | 445759 | 6760096 | 399 | -60 | 73 |
| 20DVRC016 | RC | 89 | MGA94_51 | 445770 | 6760144 | 398 | -60 | 70 |
| 20DVRC017 | RC | 125 | MGA94_51 | 445750 | 6760137 | 399 | -60 | 70 |
| 20DVRC018 | RC | 137 | MGA94_51 | 445709 | 6760166 | 398 | -70 | 70 |
| 20DVRC019 | RC | 149 | MGA94_51 | 445689 | 6760180 | 399 | -66 | 67.4 |
| 20DVRC020 | RC | 107 | MGA94_51 | 445738 | 6760179 | 398 | -60 | 68.4 |
| 20DVRC021 | RC | 125 | MGA94_51 | 445724 | 6760192 | 398 | -56 | 70.7 |
| 20DVRC022 | RC | 125 | MGA94_51 | 445715 | 6760207 | 399 | -55 | 74.8 |
| 20DVRC023 | RC | 149 | MGA94_51 | 445691 | 6760202 | 399 | -70 | 74.3 |
| 20DVRC024 | RC | 125 | MGA94_51 | 445701 | 6760250 | 400 | -65 | 70.6 |
| 20DVRC025 | RC | 137 | MGA94_51 | 445671 | 6760261 | 404 | -60 | 74.4 |
| 20DVRC026 | RC | 41 | MGA94_51 | 445707 | 6760251 | 400 | -70 | 249.5 |
| 20DVRC027 | RC | 131 | MGA94_51 | 445675 | 6760324 | 404 | -65 | 73.3 |
| 20DVRC028 | RC | 89 | MGA94_51 | 445722 | 6760279 | 403 | -60 | 72.6 |
| 20DVRC029 | RC | 101 | MGA94_51 | 445721 | 6760278 | 403 | -74 | 72.7 |
| 20DVRC030 | RC | 89 | MGA94_51 | 445707 | 6760297 | 405 | -50 | 250.8 |
| 20DVRC031 | RC | 89 | MGA94_51 | 445706 | 6760335 | 407 | -64 | 77 |
| 20DVRC032 | RC | 83 | MGA94_51 | 445687 | 6760330 | 407 | -50 | 256.6 |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
| Hole_ID | HoleType | Depth | GridID | East | North | RL | Dip | Azimuth |
|---|---|---|---|---|---|---|---|---|
| 20DVRC033 | RC | 77 | MGA94_51 | 445697 | 6760375 | 407 | -58 | 71.1 |
| 20DVRC034 | RC | 71 | MGA94_51 | 445695 | 6760418 | 409 | -70 | 75 |
| 20DVRC035 | RC | 113 | MGA94_51 | 445652 | 6760400 | 412 | -65 | 77.2 |
| 20DVRC036 | RC | 137 | MGA94_51 | 445651 | 6760400 | 412 | -79 | 74.4 |
| 20DVRC037 | RC | 113 | MGA94_51 | 445667 | 6760361 | 408 | -61 | 75.1 |
| 20DVRC038 | RC | 119 | MGA94_51 | 445655 | 6760445 | 414 | -76 | 72.5 |
| 20DVRC039 | RC | 131 | MGA94_51 | 445639 | 6760437 | 413 | -79 | 78 |
| 20DVRC040 | RC | 89 | MGA94_51 | 445616 | 6760413 | 412 | -60 | 251.3 |
| 20DVRC041 | RC | 95 | MGA94_51 | 445654 | 6760495 | 414 | -60 | 73.8 |
| 20DVRC042 | RC | 101 | MGA94_51 | 445641 | 6760523 | 414 | -61 | 72.3 |
| 20DVRC043 | RC | 101 | MGA94_51 | 445609 | 6760565 | 413 | -60 | 74.1 |
| 20DVRC044 | RC | 107 | MGA94_51 | 445589 | 6760610 | 411 | -60 | 75.3 |
| 20DVRC045 | RC | 137 | MGA94_51 | 445597 | 6760480 | 420 | -60 | 72.7 |
| 20DVRC046 | RC | 179 | MGA94_51 | 445562 | 6760464 | 420 | -60 | 67.3 |
| 20DVRC047 | RC | 101 | MGA94_51 | 445588 | 6760476 | 420 | -60 | 248.4 |
| 20DVRC048 | RC | 131 | MGA94_51 | 445635 | 6760435 | 413 | -59 | 250 |
| 20DVRC049 | RC | 179 | MGA94_51 | 445644 | 6760403 | 412 | -89 | 178.94 |
| 20DVRC050 | RC | 77 | MGA94_51 | 445656 | 6760356 | 407 | -59 | 253.01 |
| 20DVRC051 | RC | 113 | MGA94_51 | 445713 | 6760223 | 399 | -55 | 70 |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
Appendix 3: Matsa Resources Limited – Devon RC Drilling September, October 2020
Part 2: Assay Results >0.1 g/t Au
| Hole_ID | Sample ID | Depth_From | Depth_To | Sample_Type | g/t Au |
|---|---|---|---|---|---|
| 20DVRC007 | 173063 | 12 | 13 | 1m Splits | 0.1 |
| 20DVRC008 | 173127 | 2 | 3 | 1m Splits | 1.13 |
| 20DVRC008 | 173128 | 3 | 4 | 1m Splits | 0.21 |
| 20DVRC009 | 173178 | 7 | 8 | 1m Splits | 0.23 |
| 20DVRC009 | 173183 | 11 | 12 | 1m Splits | 0.18 |
| 20DVRC010 | 173262 | 3 | 4 | 1m Splits | 0.12 |
| 20DVRC013 | 173641 | 7 | 8 | 1m Splits | 0.19 |
| 20DVRC013 | 173705 | 68 | 69 | 1m Splits | 0.15 |
| 20DVRC014 | 173784 | 0 | 1 | 1m Splits | 0.3 |
| 20DVRC014 | 173785 | 1 | 2 | 1m Splits | 0.16 |
| 20DVRC014 | 173893 | 104 | 105 | 1m Splits | 0.5 |
| 20DVRC014 | 173896 | 107 | 108 | 1m Splits | 1.39 |
| 20DVRC014 | 173897 | 108 | 109 | 1m Splits | 0.18 |
| 20DVRC014 | 173906 | 116 | 117 | 1m Splits | 0.16 |
| 20DVRC014 | 173912 | 122 | 123 | 1m Splits | 0.8 |
| 20DVRC014 | 173913 | 123 | 124 | 1m Splits | 0.25 |
| 20DVRC016 | 174145 | 75 | 76 | 1m Splits | 1.42 |
| 20DVRC016 | 174146 | 76 | 77 | 1m Splits | 0.1 |
| 20DVRC016 | 174147 | 77 | 78 | 1m Splits | 0.67 |
| 20DVRC016 | 174149 | 79 | 80 | 1m Splits | 8.43 |
| 20DVRC016 | 174150 | 80 | 81 | 1m Splits | 0.56 |
| 20DVRC016 | 174151 | 81 | 82 | 1m Splits | 0.22 |
| 20DVRC016 | 174152 | 82 | 83 | 1m Splits | 0.1 |
| 20DVRC016 | 174154 | 84 | 85 | 1m Splits | 0.25 |
| 20DVRC017 | 174203 | 41 | 42 | 1m Splits | 2.15 |
| 20DVRC017 | 174212 | 50 | 51 | 1m Splits | 0.59 |
| 20DVRC017 | 174213 | 51 | 52 | 1m Splits | 1.74 |
| 20DVRC017 | 174214 | 52 | 53 | 1m Splits | 0.32 |
| 20DVRC017 | 174215 | 53 | 54 | 1m Splits | 0.12 |
| 20DVRC017 | 174264 | 99 | 100 | 1m Splits | 0.57 |
| 20DVRC017 | 174268 | 103 | 104 | 1m Splits | 5.25 |
| 20DVRC017 | 174269 | 104 | 105 | 1m Splits | 0.37 |
| 20DVRC019 | 174450 | 14 | 15 | 1m Splits | 0.11 |
| 20DVRC019 | 174527 | 87 | 88 | 1m Splits | 0.1 |
| 20DVRC019 | 174583 | 140 | 141 | 1m Splits | 0.28 |
| 20DVRC019 | 174584 | 141 | 142 | 1m Splits | 0.9 |
| 20DVRC019 | 174585 | 142 | 143 | 1m Splits | 0.17 |
| 20DVRC020 | 174637 | 43 | 44 | 1m Splits | 0.19 |
| 20DVRC020 | 174638 | 44 | 45 | 1m Splits | 0.26 |
| 20DVRC020 | 174639 | 45 | 46 | 1m Splits | 0.26 |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
| Hole_ID | Sample ID | Depth_From | Depth_To | Sample_Type | g/t Au |
|---|---|---|---|---|---|
| 20DVRC020 | 174641 | 46 | 47 | 1m Splits | 18.71 |
| 20DVRC020 | 174642 | 47 | 48 | 1m Splits | 0.24 |
| 20DVRC020 | 174643 | 48 | 49 | 1m Splits | 0.19 |
| 20DVRC020 | 174691 | 94 | 95 | 1m Splits | 0.17 |
| 20DVRC022 | 174836 | 0 | 1 | 1m Splits | 0.48 |
| 20DVRC022 | 174851 | 14 | 15 | 1m Splits | 13.48 |
| 20DVRC022 | 174852 | 15 | 16 | 1m Splits | 34.67 |
| 20DVRC022 | 174853 | 16 | 17 | 1m Splits | 1.95 |
| 20DVRC022 | 174854 | 17 | 18 | 1m Splits | 0.89 |
| 20DVRC022 | 174855 | 18 | 19 | 1m Splits | 0.55 |
| 20DVRC022 | 174858 | 21 | 22 | 1m Splits | 1.5 |
| 20DVRC022 | 174859 | 22 | 23 | 1m Splits | 0.41 |
| 20DVRC022 | 174861 | 23 | 24 | 1m Splits | 50.39 |
| 20DVRC022 | 174862 | 24 | 25 | 1m Splits | 2.4 |
| 20DVRC022 | 174863 | 25 | 26 | 1m Splits | 1.28 |
| 20DVRC022 | 174865 | 27 | 28 | 1m Splits | 0.14 |
| 20DVRC023 | 175005 | 35 | 36 | 1m Splits | 0.92 |
| 20DVRC023 | 175015 | 45 | 46 | 1m Splits | 0.32 |
| 20DVRC023 | 175016 | 46 | 47 | 1m Splits | 0.13 |
| 20DVRC023 | 175017 | 47 | 48 | 1m Splits | 0.69 |
| 20DVRC023 | 175018 | 48 | 49 | 1m Splits | 0.97 |
| 20DVRC023 | 175019 | 49 | 50 | 1m Splits | 0.88 |
| 20DVRC023 | 175071 | 98 | 99 | 1m Splits | 0.11 |
| 20DVRC023 | 175074 | 101 | 102 | 1m Splits | 0.23 |
| 20DVRC023 | 175077 | 104 | 105 | 1m Splits | 0.33 |
| 20DVRC023 | 175115 | 140 | 141 | 1m Splits | 0.16 |
| 20DVRC025 | 175271 | 14 | 15 | 1m Splits | 0.2 |
| 20DVRC025 | 175273 | 16 | 17 | 1m Splits | 0.13 |
| 20DVRC025 | 175274 | 17 | 18 | 1m Splits | 0.15 |
| 20DVRC025 | 175277 | 20 | 21 | 1m Splits | 0.22 |
| 20DVRC025 | 175278 | 21 | 22 | 1m Splits | 3.32 |
| 20DVRC025 | 175279 | 22 | 23 | 1m Splits | 0.28 |
| 20DVRC025 | 175316 | 57 | 58 | 1m Splits | 0.5 |
| 20DVRC025 | 175317 | 58 | 59 | 1m Splits | 2.35 |
| 20DVRC025 | 175397 | 134 | 135 | 1m Splits | 0.2 |
| 20DVRC027 | 175549 | 100 | 101 | 1m Splits | 0.43 |
| 20DVRC027 | 175550 | 101 | 102 | 1m Splits | 5.47 |
| 20DVRC027 | 175551 | 102 | 103 | 1m Splits | 0.42 |
| 20DVRC027 | 175552 | 103 | 104 | 1m Splits | 0.69 |
| 20DVRC027 | 175553 | 104 | 105 | 1m Splits | 0.12 |
| 20DVRC028 | 175655 | 70 | 71 | 1m Splits | 22.07 |
| 20DVRC028 | 175656 | 71 | 72 | 1m Splits | 0.25 |
| 20DVRC029 | 175753 | 74 | 75 | 1m Splits | 0.1 |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
| Hole_ID | Sample ID | Depth_From | Depth_To | Sample_Type | g/t Au |
|---|---|---|---|---|---|
| 20DVRC029 | 175756 | 77 | 78 | 1m Splits | 0.14 |
| 20DVRC029 | 175757 | 78 | 79 | 1m Splits | 0.1 |
| 20DVRC029 | 175762 | 82 | 83 | 1m Splits | 0.16 |
| 20DVRC029 | 175770 | 90 | 91 | 1m Splits | 0.14 |
| 20DVRC029 | 175771 | 91 | 92 | 1m Splits | 0.13 |
| 20DVRC030 | 175848 | 63 | 64 | 1m Splits | 0.43 |
| 20DVRC030 | 175851 | 66 | 67 | 1m Splits | 0.39 |
| 20DVRC030 | 175852 | 67 | 68 | 1m Splits | 0.83 |
| 20DVRC030 | 175853 | 68 | 69 | 1m Splits | 0.21 |
| 20DVRC030 | 175854 | 69 | 70 | 1m Splits | 0.18 |
| 20DVRC030 | 175857 | 72 | 73 | 1m Splits | 0.19 |
| 20DVRC030 | 175858 | 73 | 74 | 1m Splits | 1.48 |
| 20DVRC030 | 175861 | 75 | 76 | 1m Splits | 0.48 |
| 20DVRC030 | 175862 | 76 | 77 | 1m Splits | 2.34 |
| 20DVRC031 | 175950 | 71 | 72 | 1m Splits | 20.3 |
| 20DVRC031 | 175951 | 72 | 73 | 1m Splits | 12.89 |
| 20DVRC031 | 175952 | 73 | 74 | 1m Splits | 25.61 |
| 20DVRC031 | 175953 | 74 | 75 | 1m Splits | 3.18 |
| 20DVRC031 | 175954 | 75 | 76 | 1m Splits | 0.5 |
| 20DVRC031 | 175955 | 76 | 77 | 1m Splits | 0.18 |
| 20DVRC032 | 176028 | 56 | 57 | 1m Splits | 0.44 |
| 20DVRC032 | 176031 | 59 | 60 | 1m Splits | 4.96 |
| 20DVRC032 | 176032 | 60 | 61 | 1m Splits | 0.22 |
| 20DVRC032 | 176045 | 72 | 73 | 1m Splits | 12.23 |
| 20DVRC032 | 176046 | 73 | 74 | 1m Splits | 0.89 |
| 20DVRC032 | 176047 | 74 | 75 | 1m Splits | 0.23 |
| 20DVRC032 | 176048 | 75 | 76 | 1m Splits | 0.14 |
| 20DVRC033 | 176117 | 58 | 59 | 1m Splits | 0.19 |
| 20DVRC033 | 176125 | 65 | 66 | 1m Splits | 1.27 |
| 20DVRC033 | 176126 | 66 | 67 | 1m Splits | 15.19 |
| 20DVRC033 | 176127 | 67 | 68 | 1m Splits | 0.39 |
| 20DVRC033 | 176128 | 68 | 69 | 1m Splits | 0.16 |
| 20DVRC033 | 176129 | 69 | 70 | 1m Splits | 0.12 |
| 20DVRC035 | 176308 | 92 | 93 | 1m Splits | 1.79 |
| 20DVRC035 | 176309 | 93 | 94 | 1m Splits | 3.07 |
| 20DVRC035 | 176310 | 94 | 95 | 1m Splits | 0.28 |
| 20DVRC035 | 176312 | 96 | 97 | 1m Splits | 0.74 |
| 20DVRC035 | 176313 | 97 | 98 | 1m Splits | 0.27 |
| 20DVRC035 | 176316 | 100 | 101 | 1m Splits | 0.83 |
| 20DVRC035 | 176317 | 101 | 102 | 1m Splits | 0.62 |
| 20DVRC036 | 176453 | 117 | 118 | 1m Splits | 0.12 |
| 20DVRC036 | 176454 | 118 | 119 | 1m Splits | 0.12 |
| 20DVRC036 | 176455 | 119 | 120 | 1m Splits | 25.93 |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
| Hole_ID | Sample ID | Depth_From | Depth_To | Sample_Type | g/t Au |
|---|---|---|---|---|---|
| 20DVRC036 | 176456 | 120 | 121 | 1m Splits | 4.8 |
| 20DVRC036 | 176457 | 121 | 122 | 1m Splits | 0.96 |
| 20DVRC036 | 176458 | 122 | 123 | 1m Splits | 0.17 |
| 20DVRC036 | 176459 | 123 | 124 | 1m Splits | 0.18 |
| 20DVRC036 | 176461 | 124 | 125 | 1m Splits | 0.2 |
| 20DVRC036 | 176462 | 125 | 126 | 1m Splits | 0.17 |
| 20DVRC036 | 176469 | 132 | 133 | 1m Splits | 3.08 |
| 20DVRC036 | 176470 | 133 | 134 | 1m Splits | 0.14 |
| 20DVRC036 | 176473 | 136 | 137 | 1m Splits | 1.75 |
| 20DVRC037 | 176565 | 87 | 88 | 1m Splits | 0.65 |
| 20DVRC037 | 176567 | 89 | 90 | 1m Splits | 0.18 |
| 20DVRC037 | 176572 | 94 | 95 | 1m Splits | 0.27 |
| 20DVRC037 | 176573 | 95 | 96 | 1m Splits | 20.95 |
| 20DVRC037 | 176574 | 96 | 97 | 1m Splits | 1.62 |
| 20DVRC037 | 176575 | 97 | 98 | 1m Splits | 0.17 |
| 20DVRC038 | 176666 | 70 | 71 | 1m Splits | 3.07 |
| 20DVRC038 | 176667 | 71 | 72 | 1m Splits | 0.17 |
| 20DVRC038 | 176669 | 73 | 74 | 1m Splits | 1.08 |
| 20DVRC038 | 176671 | 75 | 76 | 1m Splits | 0.34 |
| 20DVRC038 | 176678 | 82 | 83 | 1m Splits | 2.04 |
| 20DVRC038 | 176679 | 83 | 84 | 1m Splits | 0.42 |
| 20DVRC038 | 176686 | 89 | 90 | 1m Splits | 1.27 |
| 20DVRC038 | 176691 | 94 | 95 | 1m Splits | 0.1 |
| 20DVRC038 | 176693 | 96 | 97 | 1m Splits | 0.76 |
| 20DVRC038 | 176694 | 97 | 98 | 1m Splits | 0.29 |
| 20DVRC039 | 176833 | 110 | 111 | 1m Splits | 9.1 |
| 20DVRC039 | 176834 | 111 | 112 | 1m Splits | 0.17 |
| 20DVRC039 | 176835 | 112 | 113 | 1m Splits | 0.6 |
| 20DVRC039 | 176837 | 114 | 115 | 1m Splits | 2.28 |
| 20DVRC039 | 176838 | 115 | 116 | 1m Splits | 0.11 |
| 20DVRC039 | 176841 | 117 | 118 | 1m Splits | 0.1 |
| 20DVRC039 | 176843 | 119 | 120 | 1m Splits | 0.1 |
| 20DVRC039 | 176845 | 121 | 122 | 1m Splits | 0.15 |
| 20DVRC040 | 176924 | 65 | 66 | 1m Splits | 2.44 |
| 20DVRC040 | 176926 | 67 | 68 | 1m Splits | 0.11 |
| 20DVRC040 | 176927 | 68 | 69 | 1m Splits | 0.24 |
| 20DVRC040 | 176928 | 69 | 70 | 1m Splits | 0.2 |
| 20DVRC040 | 176930 | 71 | 72 | 1m Splits | 0.51 |
| 20DVRC040 | 176931 | 72 | 73 | 1m Splits | 0.14 |
| 20DVRC040 | 176932 | 73 | 74 | 1m Splits | 0.26 |
| 20DVRC040 | 176933 | 74 | 75 | 1m Splits | 3.92 |
| 20DVRC040 | 176934 | 75 | 76 | 1m Splits | 0.37 |
| 20DVRC041 | 176981 | 30 | 31 | 1m Splits | 2.89 |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]
Matsa Resources Limited
| Hole_ID | Sample ID | Depth_From | Depth_To | Sample_Type | g/t Au |
|---|---|---|---|---|---|
| 20DVRC041 | 176982 | 31 | 32 | 1m Splits | 2.74 |
| 20DVRC041 | 176992 | 41 | 42 | 1m Splits | 0.24 |
| 20DVRC041 | 177027 | 74 | 75 | 1m Splits | 0.1 |
| 20DVRC041 | 177028 | 75 | 76 | 1m Splits | 0.2 |
| 20DVRC041 | 177029 | 76 | 77 | 1m Splits | 0.28 |
| 20DVRC042 | 177071 | 21 | 22 | 1m Splits | 1.98 |
| 20DVRC042 | 177131 | 78 | 79 | 1m Splits | 2.01 |
| 20DVRC042 | 177132 | 79 | 80 | 1m Splits | 0.12 |
| 20DVRC043 | 177187 | 30 | 31 | 1m Splits | 0.15 |
| 20DVRC043 | 177244 | 84 | 85 | 1m Splits | 1.61 |
| 20DVRC043 | 177245 | 85 | 86 | 1m Splits | 0.13 |
| 20DVRC043 | 177246 | 86 | 87 | 1m Splits | 0.51 |
| 20DVRC043 | 177248 | 88 | 89 | 1m Splits | 0.12 |
| 20DVRC044 | 177351 | 85 | 86 | 1m Splits | 1.94 |
| 20DVRC044 | 177352 | 86 | 87 | 1m Splits | 0.62 |
| 20DVRC044 | 177353 | 87 | 88 | 1m Splits | 0.11 |
| 20DVRC034 | ROX093221 | 5 | 8 | 3m Comps | 0.26 |
| 20DVRC034 | ROX093233 | 41 | 44 | 3m Comps | 0.24 |
| 20DVRC034 | ROX093235 | 47 | 50 | 3m Comps | 0.11 |
| 20DVRC034 | ROX093239 | 59 | 62 | 3m Comps | 6.33 |
| 20DVRC034 | ROX093240 | 62 | 65 | 3m Comps | 0.11 |
| 20DVRC045 | ROX093615 | 0 | 2 | 3m Comps | 0.32 |
| 20DVRC045 | ROX093617 | 5 | 8 | 3m Comps | 0.13 |
| 20DVRC045 | ROX093647 | 95 | 98 | 3m Comps | 0.83 |
| 20DVRC045 | ROX093650 | 104 | 107 | 3m Comps | 0.12 |
| 20DVRC045 | ROX093653 | 113 | 116 | 3m Comps | 0.12 |
| 20DVRC045 | ROX093659 | 131 | 134 | 3m Comps | 0.22 |
| 20DVRC046 | ROX093663 | 5 | 8 | 3m Comps | 0.41 |
| 20DVRC046 | ROX093709 | 143 | 146 | 3m Comps | 0.63 |
| 20DVRC047 | ROX093721 | 0 | 2 | 3m Comps | 0.37 |
| 20DVRC047 | ROX093722 | 2 | 5 | 3m Comps | 0.17 |
| 20DVRC047 | ROX093723 | 5 | 8 | 3m Comps | 0.45 |
| 20DVRC049 | ROX093854 | 164 | 167 | 3m Comps | 0.16 |
| 20DVRC050 | ROX093878 | 56 | 59 | 3m Comps | 0.24 |
| 20DVRC050 | ROX093880 | 62 | 65 | 3m Comps | 7.83 |
| 20DVRC050 | ROX093881 | 65 | 68 | 3m Comps | 0.15 |
| 20DVRC050 | ROX093883 | 71 | 74 | 3m Comps | 0.16 |
| 20DVRC051 | ROX093885 | 0 | 2 | 3m Comps | 0.42 |
| 20DVRC051 | ROX093886 | 2 | 5 | 3m Comps | 0.23 |
| 20DVRC051 | ROX093888 | 8 | 11 | 3m Comps | 0.1 |
| 20DVRC051 | ROX093889 | 11 | 14 | 3m Comps | 0.51 |
Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487
Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]