For thousands of other reports visit RSC's Mineral Intellingence Map
Matador Mining Ltd.
Summary
| Project: | Cape Ray | |
|---|---|---|
| Deposit: | Window Glass Hill | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-12-2019: Matador Mining Ltd. announces an Exploration/Drilling Update report for its Window Glass Hill deposit at the Cape Ray project. Drilling results incl. 5m @ 3.5g/t Au from 77m. Matador Mining Limited (ASX: MZZ, MZZO) (“Matador” or the “Company”) | |
| 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 exploration at the Company’s 100% owned Cape Ray Gold Project (“Cape Ray” or the “Project”) located in Newfoundland, Canada. The latter part of the 2019 drill program focused on shallow resource extensions at Window Glass Hill (WGH) (134,000oz at 1.2g/t Au) which is located approximately 1km from the Central Zone Project (810,000oz at 2. 7g/t Au) (ASX announcement 30th January 2019). This program consisted of 30 drill holes or 3,540m drilled at an average depth of 118m. This program has significantly expanded the strike of mineralisation at WGH from approximately 500m to around 1.2km and remains open (Image 1). Importantly, drilling has found that mineralisation to the north is trending in an up-dip trajectory from the existing resource, with the average depth between 30m to 70m from surface (Image 2). This shallow mineralisation encountered in drilling aligns with the Company’s strategy of targeting open pittable gold. The Company has identified a number of “walk up” drill targets for 2020, the testing of which is focused on further growing the WGH resource. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report