Matador Mining Continues Window Glass Hill Expansion

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) reported on exploration drilling recently undertaken on the company’s 100 per cent-owned Cape Ray gold project in Newfoundland, Canada.

Matador Mining is the largest continuous land holder along the Cape Ray Shear, home to the Cape Ray gold project that comprises 120 kilometres of continuous strike in the proven, yet under-explored multi-million-ounce gold corridor.

The company’s drilling efforts have continued to expand the Window Glass Hill target, intersecting multiple, near surface, high-grade gold lodes.

The latest results include:

8 metres at 5.5 grams per tonne gold from 43m (70m outside existing Mineral Resource wireframes);

1m at 14.7g/t gold from 19m, 21m at 1g/t gold from 92m and 1m at 4.5g/t gold from 122m;

13m at 1g/t gold from 86m; and

2m at 1.4g/t gold from 18m, 1m at 3.4g/t gold from 30m, 2m at 4.2g/t gold from 53.5m and 1m at 3.9g/t gold from 63.5m.

“Assay results at Window Glass Hill continue to impress and highlight its resource growth potential,” Matador Mining executive chairman Ian Murray said in the company’s ASX announcement.

“The most recent results are in-line with previously reported results and indicate potential for multiple, high-grade gold lodes close to surface.

“The standout from the most recent results was hole CRD168 (8m at 5.5g/t gold from 43m) due to its grade, width, shallow depth.

“This high-grade intercept is 70 metres from the existing Window Glass Hill Mineral Resource wireframes and remains open to the north-west in a previously untested area.

“Coupled with the new discovery at depth, the company has multiple high-confidence drill targets at Window Glass Hill to test when exploration recommences next quarter.

“The company is finalising its planned exploration program for 2021 and will provide an update early next quarter.”