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Matsa Resources Limited
LIMITED
ABN 48 106 732 487
ASX Announcement 21st June 2016
IP Survey Has Commenced at Killaloe
ANNOUNCMENT
Matsa Resources Limited is pleased to announce that an Induced Polarisation (IP) survey has commenced today at the Killaloe project located 25km NW of Norseman. The survey will test 5 gold targets which lie within and adjacent to an interpreted structural/stratigraphic gold corridor extending to the SE from S2 Resources Ltd's (ASX:S2R) Polar Bear gold project (Refer MAT ASX announcements dated 21st April 2016 and 25th May 2016).
The IP survey will be carried out in E63/1018 which is a joint venture project between Matsa Resources Ltd and Cullen Resources Ltd (MAT 80%, CUL 20%).
The survey is planned to cover 5 targets (Windy Hill, Cashel, Shinboner North, Shinboner South and Duke) where anomalous gold has been previously intersected in shallow drill holes.
For further Information please contact:
Paul Poli
Executive Chairman
Phone +61 8 9230 3555
Fax +61 8 9227 0370
Email [email protected]
CORPORATE SUMMARY
Executive Chairman
Paul Poli Director Frank Sibbel
Director & Company Secretary
Andrew Chapman
Shares on Issue
144.15 million
Unlisted Options
8.44 million @ $0.25 - $0.40
Top 20 shareholders
Hold 52.15%
Share Price on 20th June 2016
14.5 cents
Market Capitalisation
$20.9 million
Head Office: Suite 11, 139 Newcastle Street, Perth Western Australia 6000 Tel: +61 8 9230 3555 Fax: +61 8 9227 0370
Bangkok Office: Unit 1808, Pacific Place 2, 142 Sukhumvit Road, Klongtoey, Bangkok 10110 Tel: +66 0 2653 0258 Fax: +66 0 2653 0258 [email protected] www.matsa.com.au