Matador Mining Logo

Infill Drilling Highlights Grade Continuity and Opportunities for Further Mineral Resource Growth at Window Glass Hill

Matador Mining Limited (ASX: MZZ; OTCQX: MZZMF; FSE: MA3) (“Matador” or the “Company”) is pleased to announce infill assay results from diamond drilling completed in late 2021 for the Window Glass Hill (“WGH”) resource at the Cape Ray Gold Project (the “Project”) Newfoundland, Canada.


Highlights:

  • Mineral Resource infill drilling at WGH has confirmed grade continuity, substantiating the robustness of the resource model
  • Gold mineralisation remains open and untested in multiple directions at the south-west extremity of the 232,000 ounces WGH Mineral Resource, highlighting further opportunities for growth
  • Holes drilled at the periphery of the resource returned better than expected mineralised intercepts, highlighting the potential for further lateral growth of the WGH MineralResource
  • CRD265: 1 metre at 3.9 g/t Au from 24 metres and 2 metres at 5.7 g/t Au from 46 metres
  • CRD315: 17 metres at 0.9 g/t Au from 7 metres and 5 metres at 1.1 g/t Au from 100 metres
  • CRD293: 2 metres at 4.0 g/t Au from 126 metres
  • CRD269: 6 metres at 1.5 g/t Au from 56 metres
  • Winter drilling is progressing well at PW-East, currently focused on testing the newly identified three- kilometre north-eastern extension of the Window Glass Hill Granite (“WGHG”) immediately north of, and parallel to, the 526,000 oz Central Zone MineralResources
  • Assays from 25 diamond holes from the 2021 program are expected in coming weeks

Matador’s Chief Geologist Warren Potma commented:

“The infill drilling within the WGH Mineral Resource is providing critical insights into the geometry and structural controls on gold mineralisation across the six-kilometre-long WGHG gold system. This recent drilling also confirms the continuity of mineralisation defined by the existing wider spaced resource drilling and is expected to contribute to increased future Mineral Resource classification confidence.

It is particularly encouraging to see good gold intercepts near the periphery of the current WGH Mineral Resource, reinforcing our belief in the potential for more gold to be hosted within the manifestly under-explored WGHG mineral system, where less than 15% of the six-kilometre-long WGHG has been tested by diamond drilling, despite widespread gold anomalism in rock chip and basement power auger geochemistry.

Click here for the full ASX Release

This article includes content from Matador Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

MZZ:AU
The Conversation (0)
Triumph Gold

Triumph Gold

Keep reading...Show less
Sack, gold bars, and coins against a blurred outdoor background.

Legacy Minerals Ramps Up Mount Carrington Exploration Amid Supportive Gold Price Trends

Legacy Minerals (ASX:LGM) said on Monday (August 25) that it has received approval from the New South Wales government to recommence drilling at its gold-copper Battery prospect at the Mount Carrington project.

The approval covers an upcoming program that includes land access in place for up to nine holes at 4,500 meters of diamond drilling. It will also target new areas identified in a recently completed airborne survey.

Historically, Mount Carrington has returned results up to 12.82 meters at 48 grams per tonne (g/t) gold per 2,589 g/t gold from 16 meters over 100,000 meters. It also holds 1.2 million ounces of gold-equivalent resources, with almost half being critical minerals.

Keep reading...Show less
Tavi Costa: Gold's Next Catalyst, Silver's Path to US$50, Copper Opportunity

Tavi Costa: Gold's Next Catalyst, Silver's Path to US$50, Copper Opportunity

Tavi Costa, macro strategist at Crescat Capital, shares his thoughts on gold, including what could unleash the yellow metal's next move higher.

He sees a "major collapse" in the US dollar, saying a break in a key support line could boost gold.

Keep reading...Show less
Earthwise Minerals Completes Phase 1 Field Program at Iron Range Gold Project, BC

Earthwise Minerals Completes Phase 1 Field Program at Iron Range Gold Project, BC

Earthwise Minerals Corp. (CSE:WISE)(FSE:966) ("Earthwise" or the "Company") has completed the first part of its two-phase 2025 field program at the Iron Range Gold Project ("the Project") in southeastern British Columbia. The program, led by TerraLogic Exploration Inc., included the collection of 538 soil samples over 13.5 line-km and 15 rock samples, along with structural mapping and prospecting across key target zones. Analytical results are pending and will be released once received, compiled, and interpreted.

Earthwise holds the exclusive option to acquire up to an 80% interest in the Iron Range Gold Project, which is 100% owned by Eagle Plains Resources Ltd. (TSXV:EPL) ("EPL" or "Eagle Plains"), with part of the property subject to an underlying 1.0% Net Smelter Royalty.

Keep reading...Show less

Latest Press Releases

Related News

×