With initial diamond drilling under way, the first phase of the innovative ATV-mounted power-augerĪnd backpack geochemistry drilling (Figure 1) will ramp-up, targeting areas identified from last year’s Untested high-grade down-plunge potential in 2020.įigure 1: Hand-held power-auger drilling sampling outcrop Planned for Isle aux Morts (“IAM”) during the second half of 2021 following the identification of
The 2021 drill program will initially focus on extensional targets identified through interpretation of 2020Įxploration results, specifically extensions at depth and laterally around Window Glass Hill (“WGH”)Īnd further definition and step-out drilling at the Angus discovery. Focusing on thisĪrea has the potential to deliver additional Mineral Resources for inclusion in a future Pre-feasibility The near-mine exploration program is designed to expand the existing Mineral Resources (840koz AuĪt 2.0g/t) within the Project area, as defined in the Cape Ray Project Scoping Study1. – Detailed Heli-mag survey covering 80 kilometres of strike. – Five power auger rigs to drill over 100,000 metres for bedrock geochemical and lithological The exploration program is continuing through the North American summer and winter seasons, with New greenfield exploration targets across the Company’s large, yet largely untested, landholding at The Mineral Resources at known deposits, the initial focus of diamond drilling, as well as test and define The dual objectives of the program are to both expand Project” or the “Project”) in Newfoundland, Canada, a Project located across 120 kilometres ofĬontinuous strike in a proven, yet under-explored multi-million ounce gold structure.Įxploration Commences at Cape Ray Gold Projectįollowing the successful exploration program of 2020, the Company commenced the largestĮxploration program in the Project’s history. Matador is exploring and developing its 100% owned Cape Ray Gold Project (“Cape Ray Gold Pleased to provide its Quarterly Activities Report for the Quarter ended 30 June 2021. Matador Mining Limited (ASX: MZZ OTCQX: MZZMF FSE: MA3) (“Matador” or the “Company”) is – Fully funded through the 20 exploration seasons Strong cash position of $22 million as at 30 June 2021.Investor awareness and diversify the Company’s shareholder base Listed on USA OTC Markets (OTCQX: MZZMF) and the Frankfurt Stock Exchange (FSE: MA3) to increase.– Introduced two global institutional investors, Franklin Templeton and CI Financial, both of whichīecame substantial shareholders (+5% shareholder) Successfully raised $16 million at $0.56 per share, a 28% premium to the closing share price.Strike along the central part of the Company’s landholding Completed Phase One of the high-resolution Heli-mag geophysics program, covering 40 kilometres of.Ground around the Cape Ray Gold Project and other prospective gold regions in Newfoundland Increased landholding across Newfoundland to 750km2 following a strategic review of prospective.– Heli-mag program covering 80 kilometres of strike. – Five power auger rigs to drill over 100,000 metres and Commenced the largest exploration program ever undertaken at the Cape Ray Gold Project, including.27 July 2021 | ASX: MZZ OTCQX: MZZMF FSE: MA3
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