Announcement Date: 2022-03-01
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Matador Mining Ltd.
Project name: Cape Ray
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 17m @ 0.9g/t Au from 7m
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 infill assay resultsfrom diamond drilling completed in late 2021 forthe Window Glass Hill (“WGH”) resource at the Cape Ray Gold Project (the “Project”) Newfoundland, Canada. Results have been received for ten of the twelve remaining unreported WGH Mineral Resource infill holes from the 2021 drilling program (Figure 1). Infill drilling continues to demonstrate strong grade continuity consistent with past drilling results in the WGH sheeted and stockwork vein system and should contribute to increased future Mineral Resource estimation confidence. Most of the new infill drill holes reported are on the margins of the higher-grade core of the WGH deposit. Better mineralisation appears to be directly related to the intensity of veining which tends to decrease laterally away from the higher-grade core of the WGH deposit. Several holes drilled at the periphery of the resource (CRD293, CRD297 and CRD306) have returned better than expected mineralised intercepts, highlighting the potential for further lateral growth of the WGH Mineral Resource.
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