Matsa Resources reported high-grade gold assays from its Devon Pit Gold mine, part of the Lake Carey Gold Project.
Intercepts, such as 3.0m at 7.00g/t Au and 2.0m at 16.18g/t Au, are noted from both Main and West Lodes, with 47 out of 53 drill holes completed.
Mine designs are in progress, regulatory approvals are underway, and environmental permits are expected in the first half of the year, with mining operations to follow.
The Devon Pit gold mine, wholly owned by Matsa, holds a global gold resource nearing 1 million ounces.