Announcement Date: 2021-11-30
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Matador Mining Ltd.
Project name: Cape Ray
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 32m @ 2.6g/t Au from 14m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Matador Mining Limited (ASX: MZZ; OTCQX: MZZMF; FSE: MA3) (“Matador” or the “Company”) is pleased to announce initial results of step-out drilling west of the wide high-grade discovery intercepts at the Window Glass Hill (“WGH”) Granite (“WGHG”) Margin Target, at the Cape Ray Gold Project (the “Project”) in Newfoundland, Canada. Assays have been received for six holes of an 18-hole drill program designed to test strike extensions of the high-grade gold discovery at the WGHG Margin Target (Figure 1) south of the WGH Mineral Resource. Two standout holes, CRD277: 32 metres at 2.6 g/t Au from 14 metres (incl. 2 metres at 28.9 g/t Au) and CRD279: 18 metres at 1.2 g/t Au from 146 metres (incl. 2 metres at 5.4 g/t Au), extend the high-grade Granite Margin Target mineralisation by at least 40 metres west and 75 metres south-west of the discovery holes (CRD214: 19 metres at 4.2 g/t Au2 and CRD212: 8 metres at 5.1 g/t Au and 22 metres at 1.2 g/t Au3 ). An additional 12 holes (1,948 metres) have been completed (assays pending) to test the along strike potential of this target up to 500 metres north-east along the granite margin contact (Figure 2).
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