Matsa signs agreement to facilitate Red October restart

RED October could sail again, with Paul Poli’s Matsa Resources entering into an agreement with privately-run Pit N Portal Mining Services to examine the best way to exploit remaining resources and extend mine life further.

Matsa signs agreement to facilitate Red October restart Matsa signs agreement to facilitate Red October restart Matsa signs agreement to facilitate Red October restart Matsa signs agreement to facilitate Red October restart Matsa signs agreement to facilitate Red October restart

Gold from the Marlin Lode at Matsa's Red October mine.

A two-stage memorandum of understanding will crunch the numbers over the economic viability of going underground, and should be complete within two weeks - and all at no cost to Matsa.

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