Matador Mining Limited (ASX: MZZ) continued to have promising drilling success at its Cape Ray Gold Project in Newfoundland, Canada, where drilling has more than doubled the strike length of the Window Glass Hill prospect.
Currently estimated to contain 134,000oz at 1.2g/t Au), Window Glass Hill (WGH) is located approximately 1km from the Central Zone Project (810,000oz at 2. 7g/t Au).
The latter part of the company’s 2019 drill programme at Cape Ray focused on shallow resource extensions at Window Glass Hill (WGH). This programme consisted of 30 drill holes or 3,540m drilled at an average depth of 118m.
Matador’s Executive Director Keith Bowes said this programme has significantly expanded the strike of mineralisation at WGH from approximately 500m to around 1.2km and remains open.
“Importantly, drilling has found that mineralisation to the north is trending in an up-dip trajectory from the existing resource, with the average depth between 30m to 70m from surface,” he said.
Mr Bowes said this shallow mineralisation encountered in drilling aligns with the Company’s strategy of targeting open pittable gold. He added that the company has identified a number of “walk up” drill targets for 2020, the testing of which is focused on further growing the WGH resource.
The 2019 drill programme at Window Glass Hill provides further confirmation of the importance of this deposit to the company’s overall long-term exploration and development strategy,” Mr Bowes said.
“To have expanded the mineralisation of this single deposit to 1.2km, which remains open along strike and identified numerous new drill targets in close proximity, is a great result for our exploration team.
“We look forward to next year’s programme, which we expect will further add to this resource that is likely to become an integral part of our mining strategy at Cape Ray.”
Matador’s exploration strategy at WGH in 2019 targeted shallow lateral extensions of the existing resource. This saw the company complete 30 drill holes for 3,540m at an average depth of 118m. Highlights from the drill programme include:
- CRD091 – 29m at 1.9g/t Au from 64m
- CRD087 – 21m at 1.3g/t Au from 38m
- CRD086 – 13m at 1.0g/t Au from 89m
- RD058 – 22.8m at 1.1g/t Au from 58m
- CRD105 – 5m at 3.5g/t Au from 77m
- CRD103 – 3.8m at 3.2g/t Au from 4m
- CRD085 – 8.2m 1.2g/t Au from 70m
- CRD084 – 4.2m at 2.2g/t Au from 61m