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Matador Mining's final assay exceeds expectations with multiple high-grade gold intersections at Window Glass Hill

The results reinforce Matador’s confidence in the consistency of an interpreted higher-grade plunging shoot at the core of the WGH mineral resource.

Matador Mining Ltd - Matador Mining's final assay exceeds expectations with multiple high-grade gold intersections at Window Glass Hill

Matador Mining Ltd (ASX:MZZ, OTCQX:MZZMF) has unveiled final outstanding assay results from its diamond drilling completed in late 2021 at Window Glass Hill (WGH) at the Cape Ray Gold Project in Newfoundland, Canada. 

The results have exceeded the company’s expectations and reinforce Matador’s confidence in the consistency of an interpreted higher-grade plunging shoot at the core of the WGH mineral resource.

Gold mineralisation remains open to the south and south-west of the WGH-infill high-grade mineralisation intersected in CRD322, with CRD313 (WGHG-HSP) recording 0.9 metres at 13.2 g/t gold from 9.4 metres.

Exceeds expectations

Matador 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 the periphery of this same high-grade shoot and surprised us with the quality of a 23-metre intercept grading 2.3 g/t gold.

“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 (CRD 313) that is open for at least 80 metres in all directions.”

Drill results

CRD318 intersected two broad mineralised corridors, which contained internal high-grade gold intervals. Highlights included:

➢ 14 metres at 4.5 g/t gold from 88 metres including 1 metre at 27.4 g/t from 90 metres and 1 metre at 17 g/t from 91 metres;

➢ 15 metres at 2.9 g/t from 10 metres including 1 metre at 24.1 g/t from 18 metres; and

➢ 1 metre at 3.5 g/t from 72 metres.

This domain hosts a higher frequency of mineralised veins, with infill drilling both confirming and extending the dimensions of this zone.

The positive results from CRD322  demonstrate the potential for this domain to extend further south than previously recognised and potentially link with the WGHG Granite margin target to the south-west.

Drilling south and west of CRD322 remains broadly spaced with further infill and extension drilling planned for the 2022 summer season.

Highlights include:

➢ 23 metres at 2.3 g/t from 22 metres including 1 metre at 16.6 g/t from 38 metres; and

➢ 7 metres at 0.9 g/t from 78 metres including 1 metre at 2.1 g/t from 84 metres.

Continued news flow expected

Results are still pending for 1,200 conventional till samples from the Malachite Lake greenfield reconnaissance program, four geotechnical drill holes undertaken at Central Zone, and the remainder of the Stag Hill Power Auger sampling program..

Winter drilling is currently underway.

Regular news flow is expected throughout the June 2022 quarter with winter drilling results as well as remaining 2021 power auger, till and geotech drilling assays.

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