Matador Mining Ltd’s (ASX:MZZ) mineral resource extension and geotechnical drilling at the Window Glass Hill (WGH) deposit of its Cape Ray Gold Project in Newfoundland, Canada, continues to return strong results.
In 2020, mineralisation at Window Glass Hill was extended along strike (towards the southwest) as well as discovering a new high-grade lode at depth.
Drilling has continued to expand the known mineralised area, intersecting multiple, near-surface, high-grade gold lodes, with latest results including:
- 8 metres at 5.5 g/t gold from 43 metres (70 metres outside existing mineral resource wireframes) in hole CRD168;
- 1-metre at 14.7 g/t from 19 metres, 21 metres at 1 g/t from 92 metres and 1-metre at 4.5 g/t from 122 metres in WGT002;
- 13 metres at 1 g/t from 86 metres in CRD170; and
- 2 metres at 1.4 g/t from 18 metres, 1 metre at 3.4 g/t from 30 metres, 2 metres at 4.2 g/t from 53.5 metres and 1 metre at 3.9 g/t from 63.5 metres in WGT001.
“Resource growth potential”
Matador executive chairman Ian Murray said: “Assay results at Window Glass Hill continue to impress and highlight its resource growth potential.
“The most recent results are in-line with previously reported results and indicate potential for multiple, high- grade gold lodes close to surface.
“The standout from the most recent results was hole CRD168 due to its grade, width, shallow depth.
“This high-grade intercept is 70 metres from the existing Window Glass Hill mineral resource wireframes and remains open to the north-west in a previously untested area.”
Location of new significant intercepts at Window Glass Hill.
2021 exploration program
The company has identified multiple expansion drill targets at Window Glass Hill which will be targeted during the upcoming 2021 exploration season.
Murray said: “Coupled with the new discovery at depth, the company has multiple high-confidence drill targets at Window Glass Hill to test when exploration recommences next quarter.
“The company is finalising its planned exploration program for 2021 and will provide an update early next quarter.”
Following a relatively mild winter in Newfoundland, the company anticipates an earlier mobilisation to site in April 2021 in preparation for the exploration season.