Matador Mining Limited hit first gold at the Cape Ray Gold Project during the September quarter

  • October 28, 2020 05:32 PM AEDT
  • Team Kalkine
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Matador Mining (ASX:MZZ) has announced its September quarterly update. During the quarter the company discovered of a new gold deposit (Angus) at the Cape Ray Gold Project in Newfoundland. The discovery of deposit is first in 20 years and lies one km south-west of the Window Glass Hill Deposits.

Angus discovery has different gold mineralisation than the Window Glass Hill Deposit, indicating a third mineralisation style in the area.

Results include:-

  • 12m at 3.8 g/t Au from 85m
  • 35m at 0.52 g/t Au from 34 m & 10 m at 0.67 g/t Au from 15m (Same hole)

Matador Mining has mobilised latest exploration technologies to the field ranging from multi-element geochemical and spectral mineralogy to ground and air magnetic followed by an extensive drilling program.

During this quarter the company further strengthened its capabilities by hiring two Non-executive directors and a highly experienced exploration manager.

 


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