"Matsa is very pleased to report preliminary spot handheld XRF...

"Matsa is very pleased to report preliminary spot handheld XRF assays of nickel sulphide mineralisation intersected in diamond drillhole 14KLDH01. The programme was designed to test a high priority ground EM conductor underlying the Hanging Wall Gossan prospect at Killaloe."

"It should be noted that spot handheld XRF assays test only a very small part of the core. Full laboratory assays will be reported when they become available. While Matsa is extremely encouraged by these preliminary assays, further work is required to determine the significance of this discovery."

I feel the reporting was very conservative and provided the market with plenty of warning to avoid people extrapolating out XRF readings to some fanciful giant economic discovery like some ENT holders are guilty of, which it is ofcourse apt as it is way too early to say we have anything close to economic.

They are very encouraging though, so hopefully the downhole and ground EM locates a nearby conductor to assist with improving their chances.