Matador Mining Commences Winter Drill Program at Cape Ray

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) will be telling all and sundry at next week’s 2022 RIU Explorers Conference how it has commenced its first winter drill program at the company’s Cape Ray gold project in Newfoundland, Canada.

Matador Mining’s inaugural winter season diamond drilling program will be focusing on a corridor encompassing the PW East, Stag Hill, Isle aux Morts and Benton prospects along the Cape Ray Shear Zone.

The program of approximately 30 diamond holes, for 3,000 – 4,500 metres has been designed to:

• Investigate the surficial geochemistry and magnetic anomalies at PW East and along the untested northern Margin of the Central Zone Mineral Resource which hosts a current Mineral Resource of 526,000 ounces at 2.2 grams per tonne gold;

• Follow up on results of the 2021 surficial and auger geochemistry and magnetic anomalies at Stag Hill;

• Drill test the brownfield depth extensions and greenfield targets proximal to the Isle aux Morts deposit identified at the end of the 2020 diamond drill program, including IAM-SW1, 2 ; and

• Follow up on results of the auger drilling, diamond drilling, surficial geochemistry, and magnetic anomalies at Benton.

“In 2021, we commenced the largest ever drill program at the highly prospective Cape Ray gold project, with 20,681 metres of diamond drilling completed during the year,” Matador Mining Executive Chair Ian Murray said in the company’s ASX announcement.

“However, winter conditions in Newfoundland typically halt traditional drilling for a few months.

“To mitigate this, our inaugural winter drill program…will allow Matador to maintain the aggressive pace of exploration that we have established at Cape Ray, during what is typically a period of inactivity in the field.

“As the winter program then segues into our 2022 summer program, Matador will prove itself as an exploration company that can successfully and efficiently execute exploration programs in all seasons, and provide investors with regular news flow throughout the year.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@matadormining.com.au

 

Web: www.matadormining.com.au