Matsa?s Quarterly Report for the quarter ended 31st March 2016 HIGHLIGHTS Siam Copper Project Thailand ? Drilling to test IP anomaly 3, intersected trace finely disseminated native copper mineralisation in andesite lavas, from 53m to its current depth of 83m Paisali Base Metal Project Thailand ? Auger soil samples define ~1km x 1.8km copper anomaly at Chang 1 with copper values up to 0.11% Cu ? Chang 1 thought to be a copper mineralised hydrothermal system (copper rich porphyry or skarn) at shallow depth based on zoned geochemical anomaly, sparse outcrops of altered diorite and complex underlying magnetic anomaly. ? All statutory clearances obtained to enable IP to commence at Chang 1 as soon as practical to define targets for drilling Killaloe Project WA ? Geological mapping of HWG Ni sulphide prospect has highlighted position of previously untested, basal contact of the komatiite sequence which is prospective for Ni sulphide mineralization ? Recent high grade gold intercepts by S2 Resources in their Polar Bear gold project define a highly prospective structural/stratigraphic corridor which extends onto Killaloe for ~20 km ? The extension to the Polar Bear corridor at Killaloe contains soil gold anomalies and historic drill intercepts (eg 1m @ 9 g/t Au) which highlights prospectivity for new gold discoveries Dunnsville ? RC drilling commenced at Big Red focused on magnetic and structural targets below the depth of previous drilling with 7 of the planned 10 holes completed to date ? A number of visually interesting zones of fracturing, quartz veining and pyrite dissemination were observed across a steeply dipping contact between dolerite and meta-basalt Corporate ? Matsa currently holds cash, receivables and liquid assets of approximately $9M To read the quarterly please click here For further information contact: Paul Poli, Executive Chairman +61 8 9230 3555
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