Matador Mining (ASX: MZZ) has announced multiple ‘high-grade’ gold intercepts following a diamond drilling campaign at the Window Glass Hill prospect within its Cape Ray Gold Project in Newfoundland, Canada.
The results, generated from 2 diamond drill holes have returned gold grades of up to 27.4g/t Au, with other standout hits including:
- Hole CRD318:
- 14m @ 4.5g/t Au from 88m; including
- 1m @ 27.4g/t Au from 90m
- 1m @ 17g/t Au from 91m
- 15m @ 2.9g/t Au from 10m; including
- 1m @ 24.1g/t Au from 18m
- 1m @ 3.5g/t Au from 72m
- 14m @ 4.5g/t Au from 88m; including
- Hole CRD322:
- 23m @ 2.3g/t Au from 22 metres; including
- 1m @ 16.6g/t Au from 38m
- 7m at 0.9g/t Au from 78m; including
- 1m @ 2.1g/t Au from 84m
- 23m @ 2.3g/t Au from 22 metres; including
A further hole (CRD313) located at Heart Shaped Pond has returned a near-surface gold result of 0.9m @ 13.2g/t Au from 9.4m, which the company says highlights shallow gold potential at the prospect, which sits adjacent to the Window Glass Hill Mineral Resource.
Addressing the results, Matador Mining Chief Geologist Warren Potma said: “The final 2021 WGH infill drill hole assay results have exceeded our expectations.
CRD318 intersected multiple high-grade gold zones within two wide intervals of mineralisation consistent with our interpreted position of a higher-grade plunging shoot at the core of the WGH deposit.
“CRD322 is particularly encouraging as this hole was drilled to the south and on periphery of this same high-grade shoot and surprised us with the quality of a 23-metre intercept”
CRD322 is particularly encouraging as this hole was drilled to the south and on periphery of this same high-grade shoot and surprised us with the quality of a 23-metre intercept grading 2.3g/t Au. Gold mineralisation is open for at least 80 metres south and south-west of CRD322 presenting a high priority follow up target that may eventually link up with the WGHG Margin target area identified through 2021 to the south-west.
The first results from drill holes targeting a historic drilling gap, just west of the WGH Resource, at Heart Shaped Pond (WGHG-HSP) also delivered an encouraging high-grade gold intercept (CRD313) that is open for at least 80 metres in all directions.”
The company notes that gold mineralisation remains open to the south and south-west, with a potential link to the WGHG Granite Margin Target adding further support for follow up and extensional drilling.
Location of diamond drill holes at Window Glass Hill and the adjacent Heart-Shaped PondThe Cape Ray Gold Project is located in Newfoundland, Canada and covers approximately 120km worth of strike along the prospective, yet under-explored Cape Ray Shear.
The project currently hosts a 837,000oz gold Mineral Resource at an average grade of @ 2g/t Au across 4 prospects.
Images: Matador Mining Ltd
