Australia's Matsa Resources surges after 'high grade' gold find

Matsa Resources

16/02/2023 04:49

** Shares of Matsa Resources Ltd  MAT.AX  surge as much as
56.8% to A$0.058
    ** Stock on track for best day since July 12, 2021, if gains
hold
    ** Gold miner says drilling intercepts thick, "high grade"
gold shoots at its Fortitude North, Lake Carey project in
Western Australia
    ** Co says mineralisation has thicker width than it expected
    ** MAT hits its highest level since May 18, 2022
    ** Stock unchanged this year, as of last close
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))