InvestSMART

Matsa Resources Limited (ASX:MAT)

ALERT: Price-sensitive ASX Announcement for MAT
Current share price for MAT : $0.040 -0.017 (-29.82%)+
Announcement
Release
26 Jun 2026 9:24AM
Price at Release
$0.057
Full Release
download
Summary
Matsa Resources Limited has announced a new significant gold trend discovery at their Lake Carey Gold Project. The drilling, completed by AngloGold Ashanti under a Tenement Option Agreement, revealed a 2km long mineralised gold trend. The drilling program comprised 41 holes totalling 11,355 metres, with promising assay results confirming gold mineralisation in 34 holes. The highest gold values reached up to 12.61g/t, indicating significant exploration potential. The mineralised trend remains open-ended, inviting further investigation. Matsa and AngloGold maintain a strong working relationship, looking forward to continued exploration efforts on these tenements.
Key Points
  • AngloGold Ashanti completed 41 holes for 11,355m of drilling on Matsa's tenement M39/599.
  • Widespread gold mineralisation identified over a 2km strike length.
  • Significant gold intercepts include up to 12.61g/t Au.
  • The mineralised trend remains open-ended to the north and south.
  • Drilling included reverse circulation, diamond core, and diamond tails.
  • Matsa Resources has a tenement option agreement with AngloGold Ashanti.
  • AngloGold conducted geophysical surveys and completed a substantial drilling program.
  • Encouraging results suggest further investigation is warranted.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.