Matamec Explorations inc.
TSX VENTURE : MAT

Matamec Explorations inc.

September 11, 2008 09:13 ET

New High Grade Intersections on Matamec's Matheson JV Gold Property

MONTREAL, QUEBEC--(Marketwire - Sept. 11, 2008) - Matamec Explorations Inc. (TSX VENTURE:MAT)("Matamec") is pleased to announce additional assay results from four drill holes in Target A on the Matheson JV Gold Property (Figure 1).

Hole MM08-10 intersected in the North Mafic Volcanics 76.0 g/t gold over 0.35 metre in a moderate Grey Zone containing several notations of visible gold (Figure 2, Image 01). Hole MM08-06 intersected, in the North Mafic Volcanics, 9.68 g/t gold over 1.0 metre in a moderate Grey Zone and 47.5 g/t gold over 1.0 metre in ultramafic volcanics (Figure 3). Hole MM08-07 returned a value of 10.50 g/t gold over 1.0 metre in Porcupine Sediments greywacke (Figure 4). Hole MM08-09 intersected 17.0 g/t gold over 1.0 metre and 9.85 g/t gold over 0.35 metre in intense grey zone in the North Mafic Volcanics (Figure 5). The assays reported in the following chart are only those that assayed above 1.0 g/t and the length is core length not true width.




--------------------------------------------------------------------------
Length Gold
Hole # Rock Unit From To (m) (g/t)
--------------------------------------------------------------------------
Weak Grey Zone in North Mafic
Volcanics 137.45 138.45 1.0 2.33
--------------------------------------------------------------------
140.0 141.0 1.0 2.38
-----------------------------
144.3 145.05 0.75 1.63
Moderate Grey Zone in North Mafic -----------------------------
Volcanics 149.0 150.0 1.0 9.68
-----------------------------
151.85 152.5 0.65 3.71
MM08-06 ------------------------------------------------------------------
160.0 161.0 1.0 1.02
-----------------------------
161.6 162.0 0.40 5.24
-----------------------------
Ultramafic Volcanic 162.0 163.0 1.0 4.42
-----------------------------
163.0 164.0 1.0 1.31
-----------------------------
176.0 177.0 1.0 47.50
--------------------------------------------------------------------------
Greywacke with Quartz Stringers &
Pyrite 127.0 128.0 1.0 10.50
MM08-07 ------------------------------------------------------------------
Moderate Grey Zone in North Mafic
Volcanics 232.0 232.5 0.50 1.52
--------------------------------------------------------------------------
200.65 201.65 1.0 17.00
-----------------------------
201.65 202.15 0.50 1.72
Intense Grey Zone in North Mafic -----------------------------
Volcanics 202.50 202.85 0.35 9.85
-----------------------------
203.25 204.00 0.75 5.91
MM08-09 ------------------------------------------------------------------
211.00 211.40 0.40 1.03
Moderate Grey Zone in North Mafic -----------------------------
Volcanics 214.40 215.40 1.00 1.17
--------------------------------------------------------------------------
215.80 216.70 0.90 1.06
-----------------------------
Moderate Grey Zone in North Mafic 219.00 219.70 0.70 1.66
Volcanics -----------------------------
221.10 221.45 0.35 76.00
-----------------------------
223.35 224.35 1.00 1.30
MM08-10 ------------------------------------------------------------------
Silicified and Sericitized North
Mafic Volcanics 248.80 249.60 0.80 1.58
--------------------------------------------------------------------------


Matamec is presently awaiting assay results for holes MM08-04 and MM08-11 in Target A, and MM08-12 and MM08-13 in Target B. We expect most of these results to be available by the third week of September and they will be released as results for complete holes are received.

Matamec Explorations Inc. maintains a quality control program conforming to industry best practices in the sampling and analysis of drill core. The NQ core is split and submitted in batches containing a known standard, blank and a pulp duplicate to the Actlabs preparation facility in Timmins where the samples are reduced to pulps and couriered to Actlabs in Ancaster, Ontario for analysis. The samples are analysed by fire assay methods on a 50 gram sample size with a gravimetric finish. The samples and core are managed in a secure location until delivered to Actlabs. Actlabs maintains ISO 17025 certification, the highest accreditation available for QA/QC.

The geological data of this Press Release was prepared by Bill MacRae, VP Exploration (Ontario) for Matamec and a Qualified Person as defined by NI 43-101.

About Matamec

Matamec is a mining exploration company which is exploring for significant gold deposits in Ontario, and uranium and base metals deposits in Quebec. For gold, it has mainly targeted the East Timmins mining camp, in particular properties that are underexplored or have only been explored near-surface. Matamec's numerous uranium and base metals properties are located throughout the province of Quebec.

All six figures can be found at the following address: http://media3.marketwire.com/docs/MATPDF.pdf

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Matamec Explorations Inc.
    Andre Gauthier
    President
    Head Office
    514-844-5252
    or
    Matamec Explorations Inc.
    Michael D'Amico
    Investor Relations
    East Region
    or
    Matamec Explorations Inc.
    Barry Bergstrom
    Investor Relations
    West Region
    or
    Matamec Explorations Inc.
    info@matamec.com
    www.matamec.com