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 Killaloe J.V

(MAT:80% CUL:20%)



The Killaloe project comprising 94km2 is located 35km NE of Norseman in Western Australia.



Until recently, exploration activities by Matsa at Killaloe were primarily focused on the discovery of gold mineralisation as potential trucking feed for any future mill at the Mt Henry Gold Joint Venture project.



A review of past exploration at Killaloe has revealed significant untested potential for nickel sulphide mineralisation as well as gold. These opportunities are being tested systematically.



Killaloe Nickel/ Base Metal Exploration

Historic nickel exploration has focused on two ultramafic belts termed the Eastern and Western ultramafic belts (EUB and WUB).



Ground Electromagnetic Surveys over 10 targets at Gossan C, D, E & F, Anomaly 58, KC37, Beetroot E, KC5O, Hanging Wall Gossan (HWG), and Anomaly 64 identified significant conductors for drill testing. 



HWG Prospect

Strongly elevated Ni values in sulphides intersected in Diamond drill holes highlight potential for Kambalda Style Ni sulphides at HWG prospect.



Best intercepts include:

1.35m @ 0.54% Ni from 93.35m (14KLDH01)

0.55m @ 0.91% Ni from 110.75m (14KLDH02)

0.2m @ 0.58%Ni, 0.37%Cu from 111.3m (14KLDH06)



RC Drillhole intersects elevated nickel in weathered ultramafic rocks at KC26 prospect including a highest value of 3m of 0.5% Ni, 0.08% Cu and 0.10% Co



RC Drillhole intersects highly anomalous zinc in carbonaceous shales at KC5O prospect including a highest value of 1m @ 8.04% Zn and 5.1g/t Ag





KLGT02 Prospect:

Aircore drilling intersected 2 new gold mineralised zones in weathered ultramafic volcanics (komatiites):


2m @ 0.68g/t Au (13KAC024) from 16m to end of hole, possible extension of Sirius Resources’ Polar Bear/Humphrey prospect

•2 drillholes intersected anomalous gold values including 4m @ 0.33g/t  Au (13KACOO5) and 4m @ O.15g/t Au from 28m (13KAC002) being a possible NW extension to Gossan E



Killaloe Gold Exploration Gossan E Prospect:

Gold mineralised quartz veins developed in a brittle felsic porphyry sill intruding ultramafic rocks of the Eastern Ultramafic Belt (EUB).

RC Drilling intersected new gold mineralised zone at Gossan E up to 48m @ 0.28g/t Au from 4m depth including 1m @ 7.24g/t and 1m @ 2.74g/t Au in RC004


Drilling results include:

•13KLRC001, 48m @ 0.28g/t Au from 4m and includes 1m @ 0.94g/t Au from 6m and 1m @ 7.24g/t Au from 48m;

•13KLRCOO5, 20m @ 0.16g/t Au from 8m and includes 1m @ 0.52g/t Au from 9m and 1m @ 0.81g/t Au from 22m; and

•13KLRC004, 2m @ 1.46g/t Au from 56m including 1m @ 2.74g/t Au from 57m   

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