Matador Mining exceeds expectations in first metallurgical test program at Canadian gold project
The test work was conducted on samples across each of the project areas that make up the recently announced mineral resource.
Company
AuMEGA Metals Ltd
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 Mining lifts gold resource 36% to more than 1 million ounces at Canadian project
The average grade of the total Cape Ray resource has also increased by 26% to 2.2 g/t.
Matador Mining on track to add more gold to 750,000-ounce Cape Ray resource
All but one of 22 diamond holes reported to date has intersected strong gold mineralisation.
Matador Mining extends high-grade gold mineralisation at Cape Ray Gold Project
Drilling has confirmed continuity between the project’s two deposits.
Matador Mining advances exploration work at Cape Ray Gold Project in Canada, returns high-grade soil samples
More than 1,000 soil samples have been collected to identify drill targets along prospective structures.
Matador Mining raises $3.35M, to start trading from Wednesday
The company is exploring five projects for multiple commodities.