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Matador Mining Ltd.
Summary
| Project: | Cape Ray | |
|---|---|---|
| Deposit: | Cape Ray | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2019: Matador Mining Ltd. announces an Exploration/Drilling Update report for its Cape Ray deposit at the Cape Ray project. Drilling results incl. 22.8m @ 1.1g/t Au from 58m. Matador Mining Limited (ASX: MZZ, MZZO) (“Matador” or the “Company”) is pl | |
| Resources: | (Resource, I+I): 14.25Mt @ 2.2g/t Au for 1.02Moz Au contained | |
| CP/QP: | [Overall Report]: Neil Inwood (Independent) | |
| ABSTRACT: | Matador Mining Limited (ASX: MZZ, MZZO) (“Matador” or the “Company”) is pleased to provide an update regarding the ongoing exploration program at its Cape Ray Gold Project (“Cape Ray” or the “Project”) in Newfoundland, Canada. As part of the second and third stages of the exploration program, drilling targeted shallow lateral extensions around known deposits, whilst also testing “gaps” between known deposits, specifically at the Central Zone Project (810,000oz Au at 2.6g/t Au) (see ASX announcement 30th January 2019). Window Glass Hill (WGH) hosts a current resource of 134,000oz at 1.2g/t Au (see ASX announcement 30th January 2019) and is a key target for the second stage of the exploration program. Whilst lower grade than Central Zone, WGH has the potential to become a large tonnage, low strip ratio deposit, and form a major source for future production at the Project. | |
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