COMMENCEMENT OF DIAMOND DRILLING
Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased to report that diamond drilling
at the Company’s Siam 1 copper prospect in Central Thailand, commenced today. Drilling will test high
priority targets defined by the recently completed IP survey. (MAT announcement to ASX 16
th November
2015).
The objective of the drilling is to test the concept that IP targets represent copper sulphide mineralisation
underlying/adjacent to areas of copper mineralised float and associated soil copper anomalies.
A total of 9 diamond drillholes for a total of 1,500-2,300m of drilling is planned to test 5 high priority IP
anomalies. Drilling has commenced with the first drillhole located to test target IP5.
Drilling was expected to commence on 3rd December 2015. The 7 day delayed start was to enable the
drilling company to comply with procedures in place at the Laos boarder which were outside of Matsa’s
control.
Siam Copper Project Background
The Siam Copper project comprises 20 SPL’s and 29 SPL applications for an area of 635 km2
. The licences cover
strongly anomalous copper values seen in regional stream sediment samples which were collected by the Thailand
Department of Mineral Resources (DMR). The area comprises mostly cleared farmland with well-developed
infrastructure including all weather roads and power supply.
Subsequent stream sediment sampling carried out by Matsa confirmed key results with copper values up to
326ppm Cu as previously announced (eg MAT report to ASX 31st July 2011).
Based on this data, a number of stream sediment anomalies were identified for detailed evaluation with Matsa’s
initial focus on the Siam 1 and Siam 2 prospects.