AngloGold Ashanti Australia Starts Drilling on Matsa Resources' Tenement

MT Newswires Live

Feb 04

Matsa Resources (ASX:MAT) said AngloGold Ashanti Australia has commenced exploration drilling on its M39/599 tenement under the tenement option agreement (TOA) disclosed on Feb. 27, 2024, according to a Wednesday Australian bourse filing.

The drilling program, which forms an extension to drilling already completed on AngloGold Ashanti's adjoining tenement in 2025, is a mix of reverse circulation and diamond drilling and extends from AngloGold Ashanti's adjoining tenement well into Matsa's tenements, which are subject to the TOA.

The company said it sees the start of drilling as confirmation of AngloGold Ashanti's interest in the Matsa tenements and eagerly awaits the assay results for these first few holes, which could set the stage for AngloGold Ashanti's 2026 exploration activities in this area.

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