THE CONFERENCE CALLER: Matador Mining (ASX: MZZ) was holding court at its 2022 RIU Explorers Conference booth as punters took in the announcement that interpretation of detailed magnetics, lithogeochemistry and historic data has doubled the known strike length of the highly prospective Window Glass Hill Granite (WGHG) Intrusion to over six kilometres at the company’s Cape Ray gold project in Newfoundland, Canada.
Matador Mining explained the new detailed magnetics and bottom of hole (BOH) lithogeochemistry data demonstrate that an untested sheared wedge of the WGHG extends three kilometres further north-east along the Cape Ray Shear Zone (CRSZ) than previously interpreted, immediately north of the 519,000 ounces gold Central Zone Mineral Resources.
“The opportunity presented by the large WGHG system to support significant mineral resource growth within a stone’s-throw of the proposed processing facility at Central Zone is extremely exciting,” Matador Mining executive chair Ian Murray said in the company’s ASX announcement.
“To find that the WGHG extends a further three kilometres to the north-east, immediately adjacent to the existing 519,000 ounce gold Central Zone Mineral Resource, in an area almost completely devoid of previous drilling, represents a great opportunity for Matador to test through 2022.
“Matador will dedicate at least one diamond drill rig throughout the 2022 summer drilling season aiming to grow the WGHG-hosted resources footprint and continue to make new discoveries across the 85 per cent of WGHG area and granite contact zones that are still to be effectively drill tested.
“We will also concurrently advance the broader greenfield discovery efforts and exploration target pipeline.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE