Matsa holds a ground position of ~563km2 at Lake Carey which is highly prospective for new gold discoveries. Located in the prolific Laverton Tectonic Zone (LTZ) 25km SW of Sunrise Dam (AGA), 60km SW of Granny Smith (Goldfields) and 12km SW of the Red October Gold Mine.
44km2 of granted mining tenements all supporting mine infrastructure and haul roads with a modern 68 man camp with full accommodation and administration facilities. Mining and exploration have commenced at the Red October gold mine, which has a JORC 2012 compliant Mineral Resource of ~99,000 oz of gold, which importantly includes 85,000 oz @ 13.6g/t Au.
Mining Study delivers highly positive results indicating potential for immediate commencement of Fortitude Stage 2 mining operation.
Total indicated and Inferred Mineral Resources at Fortitude stand at 5,449,000 tonnes @ 2.0g/t Au (342,600 oz Au).
Tenement covers 60km2, 6kms SSW of Independence Group’s (ASX:IGO) Nova Nickel Mine. Exploration to date; regional soil sampling, high resolution, aeromagnetics, gravity, ground electromagnetics, aircore, RC and diamond drilling.
This prospect occurs along the Fortitude Fault only ~7km from the Fortitude Mine, which is interpreted to be on the same structure.
The Fortitude North discovery is the result of a follow up of anomalous gold intercepts in wide spaced legacy aircore drill holes.
Matsa has acquired the Devon Gold Mine and amalgamated all of the surrounding mineralised areas around it. The Combined land package allows for exploration beneath and along strike of the Devon open pit mine which averaged over 5g/t Au.
Matsa’s 102km2 tenement over the northern rim of the Bellary Dome has undergone minimal previous exploration for gold.
JT Venture with Bulletin Resources Limited (Matsa 20%). The Lake Rebecca gold project comprises a 172km2 area in the southern part of the Laverton Tectonic Zone, a regional scale shear/fault system that is one of the more productive gold trends in the WA Goldfields.