Coffee with Samso: Matador Mining - The birth of a tier-1 gold miner
Matador has a tenure covering 120 kilometres of continuous strike at the highly prospective, yet largely under-explored Cape Ray Project in Newfoundland, Canada.
Company
ASX:MZZ
AuMEGA Metals Ltd is utilising best-in-class exploration to explore on its district scale land package that spans 110 kilometers along the Cape Ray-Valentine Shear Zone, a significant under-explored geological feature recognised as Newfoundland, Canada’s largest identified gold structure. This zone currently hosts Equinox Gold’s Valentine Gold Project, a multi-million-ounce deposit which is the region’s largest gold project, along with AuMEGA’s expanding Mineral Resource.
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Matador has a tenure covering 120 kilometres of continuous strike at the highly prospective, yet largely under-explored Cape Ray Project in Newfoundland, Canada.
“The infill drilling within the WGH mineral resource is providing critical insights into the geometry and structural controls on gold mineralisation across the 6-kilometre-long WGHG gold system," says chief geologist.
Less than 15% of the six-kilometre strike length of the WGHG has been drill tested near-surface, with most drilling to date limited to less than 120 vertical metres below surface, leaving significant discovery potential at depth.
“Our inaugural winter drill program, which consists of around 30 diamond holes for 3,000-4,500 metres, will allow Matador to maintain the aggressive pace of exploration that we have established at Cape Ray, during what is typically a period
The explorer was named the region's ‘Prospector/Explorer of the Year’ in December and continued to advance its environmental, social and governance strategy as it readied for 2022.
His extensive global capital markets network and gold industry leadership expertise will assist Matador in leveraging its current and future success as it grows the business, advances the Cape Ray Gold Project and expands its shareholder ba
“This initial greenfield drilling success confirms the efficacy of our integrated exploration targeting approach and highlights the discovery potential of the large and prospective district we control," says executive chair.
The wide zone of high-grade gold mineralisation extends WGHG Margin gold mineralisation to the west.
The company’s active greenfields exploration continues to generate quality targets with early results from Big Pond and Benton illustrating prospectivity for gold.
The company is undertaking the largest exploration program carried out at Cape Ray with upwards of 45,000 metres of diamond drilling planned, targeting brownfield expansion and greenfields exploration.
“This drilling confirms the presence of strong gold mineralisation from surface with multiple stacked lodes within the first 120 vertical metres delivering on our aim to improve the resource classification confidence and inventory," says ch
Canaccord also highlighted that MZZ is “very well funded” to complete the 45,000 metres drill program and test these compelling targets in a very well-endowed emerging gold jurisdiction.
The results extend the mineralisation footprint at Matador’s cornerstone project, hinting at further high-grade gold domains across the Window Glass Hill Granite body.
"We are very excited that the heli-magnetic results identified a number of previously unrecognised structures in the Big Pond area, which together with these excellent power auger results, have delivered six new diamond drilling targets whe
The company anticipates ongoing news flow moving forward at its Cape Ray Gold Project in Newfoundland, Canada, with five rigs active in the field.
Diamond drilling results from the Window Glass Hill Granite area have returned up to 36 g/t outside the 230,000-ounce resource.
Exploration is well and truly underway at Matador’s cornerstone asset, where high-resolution magnetics led to a suite of previously unrecognised and untested structures and five drill rigs are at work.
Following its recent A$16 million placement, Matador is fully funded to undertake a large 45,000 metres drilling program at the Cape Ray Gold Project in Newfoundland.
Development activities are critical for the gold explorer, which is hard at work shaping one of the world’s highest-grade open pit projects.
Development activities are critical for the gold explorer, which is hard at work shaping one of the world’s highest-grade open pit projects.