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THE DAILY ROADHOUSE

 

Stavely Minerals Expands Thursday’s Gossan Mineralisation

THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) received assay results for further diamond drill holes undertaken at the Thursday’s Gossan prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in Victoria.

Musgrave Minerals Intersects High-Grades at Mainland

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported high-grade gold results from reverse circulation (RC) drilling at Mainland on the company’s Cue gold project in Western Australia, where it has an option agreement to acquire 100 per cent of the basement gold rights.

Corazon Mining Adds Further Nickel to Lynn Lake Resource

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced an upgraded Mineral Resource Estimate for the comapy’s Lynn Lake nickel-copper-cobalt sulphide project in Canada.

Matador Mining Progresses Cape Ray Environmental Assessment

THE BOURSE WHISPERER: Matador Mining (ASX: MZZ) updated the market on progress of the Environmental Assessment (EA) process for the company’s Cape Ray gold project in Newfoundland, Canada.

 

Matador Mining Progresses Cape Ray Environmental Assessment

THE BOURSE WHISPERER: Matador Mining (ASX: MZZ) updated the market on progress of the Environmental Assessment (EA) process for the company’s Cape Ray gold project in Newfoundland, Canada.

Matador Mining said it has made good significant progress in the latter half of this year regarding Environmental Assessments, specifically in the important areas of First Nation and Stakeholder Consultation.

The company has had meetings with the two Mi’kmaq First Nation Communities, from which it said positive feedback was received from the Chiefs and Band Councils.

Public meetings were also held in Port aux Basques and Isle aux Morts to present the project to the local communities that were both very well attended with local support for the project on show.

The company also provided insight to Environmental Baseline studies it has underway to satisfy Environmental Impact Statement Guidelines.

These are nearing completion and are expected to be completed early in 2020.

Meetings with officials at the provincial and federal environmental assessment agencies provided positive feedback on the process.

Matador has a Project Environmental Impact Statement (EIS) submission date targeted for Q3 2020 with approvals targeted for early 2021.

Other meetings have also been held with Newfoundland and Labrador Hydro (NLH) that have identified potential grid connection points and internal studies have been initiated by Newfoundland and Labrador Hydro to determine optimal grid connection points for project power.

Matador indicated this could have potential to reduce operating costs, which will be highlighted in the company’s development study that remains on track to be released during Q1 2020.

“The pace at which we have been able to move ahead with our Environmental Assessment for the Cape Ray gold project has been very encouraging and initial discussions with elected officials in Newfoundland have garnered significant project support with the permitting process expected to be completed in a relatively short time frame,” Matador Mining technical director Keith Bowes said in the company’s announcement to the Australian Securities Exchange.

“In parallel with our assessment work we are also pursuing options for grid power connections for a future operation.

“Newfoundland has an abundance of hydroelectric power (through the new Maritime link) which will benefit the project as grid connections are in close proximity to the site and power authorities have already expressed a willingness to support the project.

“Given the current status of the Environmental Assessment, the progress made with the exploration program and our initial assessment work, Matador is on track to potentially become the next major gold producing mine in Newfoundland.”

 

Email: info@matadormining.com.au

 

Web: www.matadormining.com.au

 

THE DAILY ROADHOUSE

 

Bellevue Gold Returns Further High-Grade Gold Hits

THE DRILL SERGEANT: Bellevue Gold (ASX: BGL) is beavering away at the company’s Bellevue gold project in Western Australia.

Alicanto Minerals Encounters High-Grades in Sweden

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has enjoyed swift success from the maiden exploration program underway in Sweden. Alicanto Minerals announced drilling on the Oxberg and Naverberg VMS (Volcanogenic Massive Sulphide) project within the Bergslagen Mining District of Sweden has returned high-grade results.

Matador Mining Hits High-Grade Gold Intercepts at Window Glass Hill

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) has encountered some high-grade gold hits during an ongoing exploration program at the company’s Cape Ray gold project in Newfoundland, Canada.

NTM Gold Highlights New Gold Trends

THE DRILL SERGEANT: NTM Gold (ASX: NTM) recently completed a 125-hole aircore program at the company’s 100 per cent-owned Redcliffe gold project located near Leonora in Western Australia.

 

Matador Mining Hits High-Grade Gold Intercepts at Window Glass Hill

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) has encountered some high-grade gold hits during an ongoing exploration program at the company’s Cape Ray gold project in Newfoundland, Canada.

Matador Mining reported drilling results from Window Glass Hill within the Cape Ray project that has continued to deliver strong exploration results, including:

CRD091
29m at 1.9 grams per tonne gold, including 3m at 9.7g/t gold from 44m and 9m at 3g/t gold from 64m;

CRD087
21m at 1.3g/t gold, including 2m at 11.4g/t gold from 38m;

CRD086
13m at 1g/t gold, including 3.2m at 3.4g/t gold from 89m;

CRD090
3m at 3.4g/t gold from 47m; and

CRD089
5m at 1g/t gold from 47m.

Matador Mining said the drilling at Window Glass Hill has now stepped out more than 240m from the existing resource and results have confirmed the potential for this to be a large tonnage, low strip deposit.

According to the company, the drilling also confirmed mineralisation is trending in an up-dip trajectory from the existing resource with recent drilling encountering higher grade gold mineralisation than previously reported, which Matador thinks may indicate the potential for a high-grade section at the Window Glass Hill deposit.

Drilling at the southern extension of Central Zone at the PW deposit, intercepted mineralisation up-dip to the previously reported hole (CRD052), returning:

CRD088
5.8m at 2.1g/t gold from 57m.

“We are pleased with the continued drilling success at Window Glass Hill, as results give further encouragement that this is shaping up as a shallow, large tonnage deposit,” Matador Mining executive director Keith Bowes said in the company’s announcement to the Australian Securities Exchange.

“With drilling having identified shallow resource extensions, mining at Window Glass Hill is expected to be simple and cost effective, providing support for project development.

“In addition, up-dip drilling at the PW deposit in Central Zone has confirmed a higher-grade section of this deposit and extended the previous 2.5 kilometre resource boundary at Central Zone.

“Given that both PW and Window Glass Hill are granites deposits, there is potential for these to join.

“There has been limited to no drilling between these deposits which are approximately one kilometre apart and this is a priority area for follow up work.”

Window Glass Hill hosts an existing resource of 134,000 ounces of gold at 1.2g/t gold and is located approximately one kilometre from form the PW deposit at Central Zone.

 

Email: info@matadormining.com.au

Web: www.matadormining.com.au

 

THE DAILY ROADHOUSE

 

Matador Mining to Follow High-Grade Rock Chips as Exploration Guide

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) recently completed a regional soil sampling program at the company’s Cape Ray gold project in Newfoundland, Canada.

Pantoro Highlights Potential for a Large Low-Grade Gold System

THE DRILL SERGEANT: Pantoro Limited (ASX: PNR) has completed follow up drilling at the company’s Mary River gold project near Halls Creek in Western Australia.

Barra Resources Banks $1.5 Million After Raising

Barra Resources (ASX: BAR) announced the completion of a Share Purchase Plan (SPP) and concurrent Share Placement. Barra Resources said subscriptions from eligible shareholders under the SPP will result in the issue of 47,725,000 shares totalling $954,500.

Auroch Minerals Shuffles Boardroom Setting Following Chairman Resignation

THE BOURSE WHISPERER: Auroch Minerals (ASX: AOU) advised that it has given current non-executive director Edward Mason a bigger seat at the Boardroom table by appointing hm as non-executive chairman.

 

Matador Mining to Follow High-Grade Rock Chips as Exploration Guide

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) recently completed a regional soil sampling program at the company’s Cape Ray gold project in Newfoundland, Canada.

Matador Mining conducted the program as part of a greenfield target generation process it anticipates to be tested further during 2020.

The company expects the results of the soil sampling program during Q4 2019.

“To identify targets for the 2019 regional exploration program, the company considered a range of factors, including analysis of structural data, geophysics, rock geochemistry, pathfinder geochemical elements and regional mapping,” Matador Mining said in its ASX announcement.

“The company also reviewed all historical rock chip samples and found numerous high-grade samples along the 80 kilometres of strike.”

The key targets for the 2019 regional exploration program included:

The Granites; Isle aux Morts; The Gap; Benton; and Keats Find.

Results include:

191 grams per tonne gold and 59g/t gold at Benton (11.5km north of Central Zone);
11.6g/t gold at Keats Find (16.8km south of Central Zone);
56.8g/t gold at Grandy’s Find (16km north of Central Zone);
18.7g/t gold at Benton 5 (39km north of Central Zone); and
41.9g/t gold at Isle Aux Morts (7.5km North of Central Zone).

Matador claims the Cape Ray shear is regarded as one of the more prospective, yet under explored gold regions in North America.

The company consolidated approximately 80km of continuous strike across the southern portion of the shear earlier this year, the first time this ground has been under the ownership of a single company.

The majority of drilling at the project is within a strike of 5km, between the Central Zone and Window Glass Hill deposits.

Matador said the location of this drilling is unsurprising as approximately 95 per cent of the total resource of 1.02 million ounces at 2.2g/t gold is contained within this area.

 

Email: info@matadormining.com.au

Web: www.matadormining.com.au

 

THE DAILY ROADHOUSE

 

Comet Resources Scores High Results Graphite From Springdale Diamond Drilling

THE DRILL SERGEANT: Comet Resources (ASX: CRL) kicked the dew off the grass on Day Two of the 2019 Brisbane Resources Roundup by announcing high-grade results from the first hole of a recent diamond drilling program conducted at the company’s Springdale graphite project in southern West Australia.

Hammer Metals Kicks Off Bronzewing South Follow-up Drilling Program

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) announced the commencement of an aircore drilling program at the company’s Bronzewing South gold project located in the Yandal Belt of Western Australia.

Carawine Resources to Target Copper-Gold Porphyries

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) is set to commence a detailed, helicopter-borne magnetic survey to further evaluate copper-gold porphyry targets at the company’s 100 per cent-owned Jamieson project in northeast Victoria.

Matador Mining Expands Canadian Mineralisation

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) extended the mineralised area at the Window Glass Hill deposit at the company’s Cape Ray gold project in Newfoundland, Canada.

Red 5 Targets History to Expand KOTH Mineralisation

THE DRILL SERGEANT: Red 5 Limited (ASX: RED) recently conducted underground exploration drilling at the company’s King of the Hills (KOTH) gold mine in the Eastern Goldfields region of Western Australia.

Matador Mining Expands Canadian Mineralisation

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) extended the mineralised area at the Window Glass Hill deposit at the company’s Cape Ray gold project in Newfoundland, Canada.

Matador Mining said the drilling was part of the second and third stages of its exploration program with the drilling targeting shallow lateral extensions around known deposits, whilst also testing gaps between known deposits, specifically at the Central Zone project (810,000 ounces gold at 2.6 grams per tonne gold).

Window Glass Hill (WGH) hosts a current resource of 134,000 ounces at 1.2g/t gold.

The company explained WGH is a key target for the second stage of its exploration program.

Although it has a lower grade than Central Zone, WGH is considered by Matador to have potential to become a large tonnage, low strip ratio deposit, and form a major source for future production.

Results from the current drill program at WGH include:

CRD058
22.8 metres at 1.1 grams per tonne gold, including 9.7m at 2.2 g/t gold from 58m;

CRD085
9.2m 1.1g/t gold from 70m;

CRD084
4.2m at 2.2g/t gold from 61m;

CRD060
2.8m at 3.6g/t gold from 34m; and

CRD057
2.8m at 1.1g/t gold from 6m.

Matador said it was extremely encouraged by these results, noting all intercepts are at a depth of less than 100m, which is in line with the company’s strategy of targeting mineralisation that can be easily accessed via an open pit operation.

“We have long believed WGH has the potential to be a large tonnage, low strip ratio deposit and recent results are shaping up to confirm this,” Matador Mining technical director Keith Bowes said in the company’s announcement to the Australian Securities Exchange.

“Importantly, from our interpretation, the latest intercepts are shallow up-dip extensions of the existing gold resources (134,000 ounces gold), all less than 100 metres from surface, therefore aligning with the company’s strategy of targeting shallow mineralisation that can be mined easily via an open pit operation.

“These results indicate that WGH could form a significant part of the long-term production plan, which will be announced as part of our development study targeted for release in Q1-2020.”

Aside from the drilling at WGH, Matador also tested a ‘gap’ between the 04 and H Brook deposits, located at the northern extension of Central Zone project.

This intercepted gold mineralisation of:

CRD071
5.4m at 4.3g/t gold, including 2.5m at 8.8g/t gold from 74m;
0.3m at 6.2g/t gold from 61m; and
1.05m at 1g/t gold from 94m.

Similar to the 04 deposit, located 80m from hole CRD071, this intercept encountered multiple mineralised lodes with a high-grade section.

The company indicated it plans to further test this hole to determine if this is a potential extension to the 04 deposit.

 

Email: info@matadormining.com.au

Web: www.matadormining.com.au