drilling, page-2

I agree LuckyIrish. Should be some action from here...


Mt Wilson Deposit Drilling to Commence Next Week

MATRIX METALS LIMITED 2002-10-16 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
Matrix Metals Limited is pleased to announce that the next round of
drilling at the Mt Watson Deposit is planned to proceed during the
week commencing 21 October 2002.

A soil sampling program, due to be completed this week, has
identified several large copper anomalies in the target areas,
including most recently, a new anomalous zone along a cross fault
linking the Boomerang 1 and 2 anomalies. The soil sampling program
has established that this area, located 750 metres to the east of Mt
Watson, is linked to form a continuous anomalous zone of 900 metres
strike length, and has reported values of up to 790 parts per million
copper.

The newly identified area will be the initial target of the Reverse
Circulation drilling program, which will comprise at least 1,100
metres targeting mineralisation in the areas identified from the
soil sampling program.

These target areas, known as the Southern zone, Boomerang 1, 2 and 3
and the Hinge zone, are all in the direct vicinity of the current Mt
Watson resource area.


A Chapman
CHIEF EXECUTIVE OFFICER