Browsing Tag
Lake Carey Gold Project
2 posts
Matsa Resources (ASX: MAT) receives A$10m AngloGold deposit as A$55m Lake Carey sale moves closer
Matsa Resources Limited has received a A$10 million deposit from AngloGold Ashanti Australia Limited toward a A$55 million Lake Carey tenement sale, a transaction whose fixed consideration exceeds the junior explorer's recent equity market value.
Matsa Resources (ASX: MAT) reveals 2km Lake Carey gold trend as AngloGold option decision nears
AngloGold Ashanti drilling has identified widespread gold mineralisation across a 2-kilometre trend on Matsa Resources’ Lake Carey tenement. The discovery strengthens the geological case behind a potentially transformative transaction, although resource definition, option exercise and balance-sheet risks remain.