Drilling Commences at Mt Watson
DRILLING COMMENCES AT MT WATSON
The Directors of Matrix Metals Limited are pleased to announce that the first round of drilling has commenced at the highly prospective Mt Watson Prospect. Mt Watson is located 20 km NNW of the Mt Cuthbert Operation and is considered to have the resource potential to substantially increase the life of the Mt Cuthbert Operation.
The initial program comprising approximately 2,500m of reverse air blast (RAB) drilling commenced today with the program designed to test three parallel zones of copper mineralised outcrop which were confirmed in the recent surface mapping program. The three mineralised zones vary in width up to 15m and extend beyond the mapped strike length of 1 km. Additional reconnaissance mapping completed at this stage indicates the strike extends a further 500m.
The initial drilling program is scheduled to be completed in late June with the first interpreted results expected in mid July.
Yours faithfully,
Andrew Chapman
Chief Executive Officer
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Liquidators
Ernst and Young
11 Mounts Bay Road
PERTH WA 6000
Phone: +61 8 9429 2222
Fax: +61 8 9429 2436
Receivers and Managers
Deloitte Touche Tohmatsu
240 St Georges Terrace
PERTH WA 6000
Phone: +61 8 9365 7000
Fax: +61 8 9365 7001
