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Matsa considers Thailand to be a very favourable country for mining investment due to its high geological prospectivity, strong legal framework and rule of law, quality of internal infrastructure and well qualified local workforce.
Matsa has recently been granted 37 Special Prospecting leases (SPL’s) covering 570m2. The tenements are located in the NNW trending Loei-Ko Chang volcanic arc which also hosts the Phu Kam copper deposit (Pan Australia Mining) and the Chatree Gold Mine (Kingsgate Resources).
The Siam Copper Project was initially targeted on Thailand Department of Mineral Resources regional stream sediment database. Matsa Resources has completed further geological mapping, stream sediment sampling, soil sampling and rock chip sampling. This work, which is ongoing has identified up to 20 copper exploration targets of which 2 are the most advanced, Siam 1 and Siam 2.
At Siam 1 and 2 field mapping has identified visible coper mineralisation in an area of ploughed fields. Individual assays grade up to 3.9% Cu. Copper occurs mainly as blebby disseminated native copper, chalcocite (Cu2S) and as secondary mineral malachite and azurite.
Currently Matsa has ongoing stream sediment and soil sampling programs in place with a view to complete IP surveys and commence diamond drilling in the next quarter.
Siam Copper Project Stream Sediment Targets
Siam 1 Summary Geochemistry and Mapped Geology
Blebby native copper (Cu) occurs in the mafic host. Plane polarised reflected light. Field of view – 3 mm.
Native Copper mineralisation in and altered andesitic lava.
Secondary copper mineralisation “azurite”
Prospecting outcrop in a stream bed at Siam1.