Gold explorer, Matador Mining Limited (ASX:MZZ) has announced that the ongoing drilling campaign continues to expand the mineralised footprint at the Cape Ray Gold Project in Newfoundland.
The focus of the is currently at the newly discovered Angus prospect, which in less than a month since the discovery hole (20 metres @ 2.38 g/t Au (incl. 9 metres @ 4.99 g/t Au) from 82 metres) has expanded the area to at least 400m by 300m. Angus is the first new discovery at the project in over 20 years.
The Company also announced further results from the program are due shortly with over 4,200m of core either in the lab or at the site requiring processing.
Image: © Kalkine Group 2020, Source: Matador Mining ASX Update 11 November 2020
MZZ traded at $0.4 a share on 11 November 2020 (12:12 PM AEDT) with a market capitalisation of $74.82 million.