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Matsa Resources Limited (ASX:MAT)

ALERT: Price-sensitive ASX Announcement for MAT
Current share price for MAT : $0.047 0.002 (4.44%)+
Announcement
Release
4 Aug 2026 9:22AM
Price at Release
$0.045
Full Release
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Summary
Matsa Resources Limited announced significant progress in their diamond drilling program at the Fortitude North prospect within the Lake Carey Gold Project in Western Australia. The ongoing drilling has revealed high-grade gold intercepts, reinforcing the exploration potential of the area. A total of 9 holes covering 3,404 meters have been completed, with promising results including intersections of 26.6m at 4.48g/t Au and 5.1m at 9.68g/t Au, among others. The results suggest a large hydrothermal gold system, similar in nature to the nearby Sunrise Dam and Wallaby deposits. The exploration efforts are set to continue with further drilling planned to test the entire 1.7km gold anomaly.
Key Points
  • High-grade gold intercepts at Fortitude North.
  • 9 diamond drill holes completed covering 3,404m.
  • Significant intersections include 26.6m at 4.48g/t Au and 5.1m at 9.68g/t Au.
  • Exploration potential reinforced by ongoing results.
  • New drilling phase initiated at the lake location.
  • Comparison with large gold deposits Sunrise Dam and Wallaby.
  • Continued drilling planned to explore the 1.7km gold anomaly.
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.