Strong Drilling Results Including 36 g/t Au
Matador Mining Limited (ASX: MZZ; OTCQX: MZZMF; FSE: MA3) has obtained significant diamond and power auger drilling intercepts across the Window Glass Hill Granite (WGHG) area at the Cape Ray Gold Project in Canada.
Highlights
Systematic power auger drilling across the WGHG indicates gold mineralisation is more extensive than previously identified, with widespread mineralisation in previously undrilled areas:
- – Approximately 50% of the three kilometre long 0.5 km wide WGHG has never been tested with diamond drilling
- – Power auger bottom-of-hole core assays up to 2.4 g/t Au have been returned in previously untested areas of WGHG, generating five new high priority drill targets
WGHG diamond drilling highlights include:
- – 8 metres @ 5.1 g/t Au from 62 metres (incl. 1 metre @ 36.2 g/t Au) (CRD212)
- – 22 metres @ 1.2 g/t Au from 91 metres (incl. 1 metre @ 5.0 g/t Au) (CRD212)
- – 4 metres @ 3.6 g/t Au from 74 metres (incl. 1 metre @ 5.2 g/t Au) (CRD210)
- – 6 metres @ 2.2 g/t Au (incl. 1 metre @ 9.7 g/t Au) from 351 metres (CRD187)
- – 3.4 metres @ 3.6 g/t Au (incl. 1 metre @ 8.8 g/t Au) from 141.6 metres (CRD188)
Assays are pending for an additional 20 diamond drill holes (3,554 metres) completed at WGHG, and 330 power auger holes (bottom of hole core and till samples) drilled at Big Pond
Two diamond drilling rigs and three power auger rigs are currently active, with the focus shifting to testing high-priority greenfields target areas in line with the company’s 2021/22 exploration strategy
“Window Glass Hill continues to deliver for the Company with the first batch of results, for both the diamond and Auger programs, continuing to define significant gold mineralisation,” Executive Chairman, Ian Murray, said.
“Our initial diamond drilling programme targeted extensions to the existing Window Glass Hill Mineral Resource, with results successfully increasing the known gold mineralised region, providing potential for further Mineral Resource growth. Importantly, most of the drilling intersected gold at less than 100 metres from surface, which is a positive indicator for the targeted open pit gold project.
“Possibly more significant in the long-term are power auger results indicating potential for the entire Window Glass Hill Granite to be a much larger gold system than previously considered.
“The majority of this system is untested historically, in part we believe, due to the thin till cover. We now have the tools to cost-effectively and successfully test below this veneer, providing an improved understanding of the geology, and generating exciting new targets at a rapid rate.
Finally, with five rigs now active in the field (two diamond and three power auger rigs) as well as being over the initial “hump” in receivingour first significant batch of results, we anticipate ongoing news flow moving forward.
“Our initial diamond drilling for the year has focused on testing targets generated from the new detailed magnetics and power auger results. This drilling has delivered the best drill hole to date within the WGHG outside the existing Mineral Resource volume. “
For further information please visit: https://matadormining.com.au/
