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Matsa Resources Limited (ASX:MAT)

ALERT: Price-sensitive ASX Announcement for MAT
Current share price for MAT : $0.045 -0.019 (-29.69%)+
Announcement
Release
10 Jul 2026 9:41AM
Price at Release
$0.064
Full Release
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Summary
Matsa Resources Limited has reported significant high-grade gold intercepts from their Fortitude North drill program within the Lake Carey Gold Project, located in the Laverton Gold District, Western Australia. This area, part of the Fortitude Shear gold corridor, shows multiple stacked mineralised lodes over a 1.7km strike, remaining open to the north. The recent diamond drilling campaign is part of a larger 10,000-meter program aimed at refining the understanding of the structural controls on gold mineralisation. Key results include several high-grade intersections, such as 8.4m at 3.62g/t Au and 15.2m at 2.93g/t Au. Executive Chairman Paul Poli emphasized the potential for significant resource growth at Lake Carey, with further drilling programs planned to assess the full potential of the identified gold anomalies.
Key Points
  • Significant gold mineralisation across multiple stacked lodes at Fortitude North.
  • Key intercepts include 8.4m at 3.62g/t Au and 15.2m at 2.93g/t Au.
  • The Fortitude North prospect shows continuous mineralisation over 1.7km and is open to the north.
  • Matsa is conducting a 10,000m diamond drilling campaign as part of a larger exploration strategy.
  • The project is part of the larger Lake Carey Gold Project in the Laverton Gold District.
  • The exploration aims to refine structural understanding and test the potential of the gold anomalies.
  • Paul Poli highlighted the exploration's potential to significantly enhance Lake Carey’s gold resources.
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.