Matsa Resources Limited (ASX: MAT) has announced the intersection of a pocket of high-grade visible gold during mining operations at its Devon Pit Gold Mine. Matsa Resources is a company focused on gold exploration and mining in Western Australia. The company is actively developing its portfolio of projects, with a strategic emphasis on near-term gold production. The discovery occurred in brecciated gabbro and pyroxenite, outside the original digblock design and reserve mine plan.
The visible gold pocket is located near a historical mine shaft, reinforcing the high-grade gold setting of the Devon Pit Gold Mine. Photon assays conducted at ALS Kalgoorlie laboratory confirmed significant gold grades in two samples: Sample 202080 graded at 222.60 g/t, and Sample 202081 graded at 188.35 g/t. According to Matsa, the geologists have advised that this gold represents a pocket of high-grade gold within a linking structure between two lodes.
As a result of this find, ore haulage to FMR’s Greenfields processing plant is being accelerated in preparation for ore processing, which will include ore from this newly discovered pocket. Matsa’s first ore processing campaign has been brought forward by one week and is now scheduled to commence on 11 September 2025. The company anticipates the first gold pour will occur on 15 September 2025, with delivery of gold doré to the Perth Mint for refining shortly thereafter.
Executive Chairman Paul Poli expressed enthusiasm for the discovery, stating, ‘This is a very exciting development at the mine and visible gold always attracts a lot of interest… We start processing the ore from Devon this week and expect our first gold pour early next week.’ The Devon Pit Gold Mine encompasses historical shafts and underground workings from the early 1920s, where Matsa intends to mine a reserve of 309kt @ 4.59g/t for 46koz.
