THE DRILL SERGEANT: Matador Mining (ASX: MZZ) released results from drilling underway at the company’s 100 per cent-owned Cape Ray gold project in Newfoundland, Canada.
Matador Mining completed further Mineral Resource infill drilling at the Isle aux Morts (IAM) target that delivered wide intervals with excellent gold grades, including:
18 metres at 10.96 grams per tonne gold; and
19m at 4.6g/t gold as part of a broader intercept of 29.5m at 3.06g/t gold.
“These new assay results continue to demonstrate the prospectivity of our Cape Ray gold project,” Matador Mining executive chairman Ian Murray said in the company’s ASX annouancement.
“The grades and widths intersected at Isle aux Morts exceed those in the surrounding holes and represent some of the highest grade holes drilled on the tenement package.
“With a further six holes from Isle aux Morts pending assays, and 17 holes still in the laboratory, we aim to build on our recent successes.
“We are well advanced on planning for our 2021 exploration program and will refine our strategy as we receive the final outstanding assay results.
“We aim to commence field work as soon as possible to maximise the field time available to us.”
Matador also produced new results from the recent greenfield Angus discovery of further wide intercepts of stockwork-vein-related gold mineralisation similar to the earlier hits, including:
6m at 2.18g/t gold, include 1m at 12.13g/t gold from 43m, 12m at 0.43g/t gold from 3m, 15m at 0.47g/t gold from 78m and 13m at 0.58g/t gold from 114m
10m at 1.37g/t gold, including 1m at 10.97g/t gold.
The company said these results reinforce its view that Angus is a large, pervasively mineralised, granite-hosted, quartz-vein stockwork gold mineral system which remains open in all directions.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE