Drilling Expands Mineralised Footprint At Angus Discovery
Matador Mining Limited (ASX: MZZ) has confirmed its new greenfield Angus discovery is open in all directions at the Cape Ray Gold Project in Newfoundland, Canada.
New assay results from the ongoing 10,000 metre drill programme has also extended the Window Glass Hill (WGH) area to the south-west and Isle aux Morts (IAM) to the east. WGH and IAM remain open at depth and along strike.
The Cape Ray Project is located across 120 kilometres of continuous strike in a proven, yet under-explored multi-million ounce gold corridor.
The company’s strategy is to prioritise growth through new greenfields discoveries, while continuing to progress Mineral Resource extension and infill drilling in the known deposits.
On 29th October 2020, the company announced 33 new targets identified for follow-up and is in the process of testing the 12 highest priority targets this year and in to 2021.
Executive Chairman, Ian Murray, said drilling has successfully identified multiple gram- metre intersections in all new greenfields drill targets tested to date, demonstrating the greenfields exploration potential of the Project.
“Intersecting another zone of Angus-style gold mineralisation 300 metres east of the original Angus discovery hole highlights the prospectivity in this area and the Cape Ray Shear,” Mr Murray said.
“This step-out drilling is only the second conceptual target tested this year using Matador’s new integrated targeting methodology, which has identified a further 32 new targets for testing.
“Delivering another set of multi- gram-metre gold intersections reinforces the potential scale of the Angus discovery and the effectiveness of our targeting methods.
“New drilling 170 metres south of the Angus discovery hole as well as the brownfields extension drilling south-west of Window Glass Hill demonstrates that both Angus and Window Glass Hill remain open in multiple directions, highlighting the possibility of further resource growth in this area.”
