Matador Mining Ltd (ASX:MZZ, OTCQX:MZZMF) has released assay results from its winter 2022 diamond drilling program at the Cape Ray Gold Project in Newfoundland, Canada.
These follow positive May results highlighting high-grade intersections from Central Zone.
The program took in twenty diamond drill holes at the new brownfields PW-East target over 3,190 metres and was designed to test the north-eastern extension of the gold bearing Window Glass Hill Granite (WGHG).
The granite is proven to be a favourable host for gold mineralisation, and has been re-interpreted to extend for up to three kilometres to the north-east in the footwall and parallel to the Central Zone deposits.
Results from PW-East target
Several shallow gold intersections were uncovered from PW-East, including:
- 11 metres at 2.9 g/t gold from 44 metres, including 1 metre at 11.1 g/t gold from 44 metres and 1 metre at 15.6 g/t gold from 47 metres); and
- 3 metres at 10.7 g/t gold from 26 metres, including 1 metre at 29.4 g/t gold from 28 metres.
Drilling has confirmed that the WGHG-hosted gold mineralisation extends to at least 275 metres north-east of the easternmost historic significant intercept within the PW Mineral Resource.
Matador awaits additional assays from Geotech holes completed during the winter drilling program and from remaining gold grain samples from the Malachite greenfield reconnaissance program.
Potential for extensions
Matador chief geologist Warren Potma said: “We are pleased to report additional results from our first winter exploration campaign, designed to test two high priority targets close to the Cape Ray camp and demonstrate our ability to conduct drilling activities safely and effectively through the winter months.
“The PW-East results highlight the potential to discover extensions to known mineralisation in the Central Zone area, and more broadly across the large gaps in drilling along the six-kilometre-long Window Glass Hill Granite.
“The intersection of 11 metres at 2.9 g/t gold near surface, 275 metres east along strike from the easternmost significant intercept in the PW Mineral Resource, demonstrates the opportunity for shallow discoveries in the poorly drilled gaps between (and around) the half million-ounce Central Zone Mineral Resources – as does the 3 metres at 10.7 g/t gold intercept in the Central Zone shear hosted ore position between the Zone 41 and Zone 51 mineral resources.”
2022 winter drill program
Matador kicked off its inaugural winter drill program in early 2022, targeting 3,500 to 4,000 metres of drilling.
Efficient drilling and favourable winter weather conditions allowed 5,930 metres to be drilled. The company delivered safe and efficient drilling through the winter months, which de-risks future winter drill campaigns.
The winter drilling program has provided important information related to the structural controls on gold mineralisation that will feed into future exploration activities and resource updates.