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Matador Mining Ltd.
Summary
| Project: | Cape Ray | |
|---|---|---|
| Deposit: | Cape Ray | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 8/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-8-2018: Matador Mining Ltd. announces a Resource Estimation report for its Cape Ray deposit at the Cape Ray project. Initial mineral resource estimate for Cape Ray. Matador Mining Limited (ASX: MZZ “Matador” or “the Company”) is pleased to announce its | |
| Resources: | (Resource, I+I): 13.354Mt @ 1.7g/t Au, 6.3g/t Ag for 750Koz Au, 2.7Moz Ag contained at Cape Ray | |
| CP/QP: | [Resources]: Marc Jutras (Ginto Consulting Inc.) | |
| ABSTRACT: | Matador Mining Limited (ASX: MZZ “Matador” or “the Company”) is pleased to announce its maiden Mineral Resource for the Cape Ray Mineral Resource that has been verified and reported accordance with the JORC Code (2012). The Assessment and Reporting Criteria in accordance with JORC Code 2012 is presented in Appendix 1. JORC (2012) Resource The Cape Ray Gold Project (“the Project)” is located within the regional-scale goldbearing Cape Ray Shear Zone that transects the island of Newfoundland, Canada, for over a strike length of 200km. Six known gold deposits, Zones 04, 41, 51, Window Glass Hill, Isle aux Mort and Big Pond, have been drill-tested over a strike length of about 15 km with 560 diamond core holes for a total of 85,000m drilling. The central part of the known mineralised sector, that encompasses the 04, 41, 51 Zones and Window Glass Hill deposits formally had a foreign resource estimate of 6.9 Mt at 2.4 g/t Au for 525,000 ounces Au (at a 1.0 gpt cut off grade) conforming to the CIM Mineral Resource and Mineral Reserve definitions, referred to in NI 43-101, Standards of Disclosure for Mineral Projects. In addition to the 04, 41, 51 Zones, and Window Glass Hill Deposits, Matador has now completed maiden resource estimates for the Isle aux Mort and Big Pond deposits. | |
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