Matador Mining confirms resource growth opportunities at Window Glass Hill gold target

Matador Mining ASX MZZ Window Glass Hill gold target Cape Ray Newfoundland Canada
Notable assays from drilling last year at WGH were 1m at 3.9g/t gold from 24m, and 2m at 5.7g/t gold from 46m.

Junior explorer Matador Mining (ASX: MZZ) has confirmed grade continuity and opportunities for resource growth following a campaign of infill drilling at the Window Glass Hill (WGH) deposit within the Cape Ray gold project in Canada.

Assays for 10 of the 12 remaining holes from the program conducted last year have continued to demonstrate strong grades consistent with past drilling results in the target’s sheeted and stockwork vein system.

Better mineralisation appears to be directly related to the intensity of veining which decreases laterally away from the higher-grade core of the WGH deposit.

Several holes drilled at the periphery of the deposit returned better than expected mineralised intercepts, highlighting the potential for further lateral growth of the WGH resource.

Best results were 1m at 3.9 grams per tonne gold from 24m and 2m at 5.7g/t gold from 46m; 17m at 0.9g/t gold from 7m and 5m at 1.1g/t gold from 100m; 2m at 4g/t gold from 126m; and 6m at 1.5g/t gold from 56m.

Resource confidence

Matador chief geologist Warren Potma said the results should contribute to increased future mineral resource estimation confidence for the 6km-long, underexplored gold system.

“Infill drilling is providing critical insights into the geometry and structural controls on gold mineralisation [and] confirms the continuity of mineralisation defined by existing wider-spaced resource drilling,” he said.

“It is particularly encouraging to see good intercepts near the periphery of the current WGH resource, reinforcing our belief in the potential for more gold to be hosted within the deposit, where less than 15% has been tested by diamond drilling to date despite widespread gold anomalism in rock chip and basement power auger geochemistry.”

Summer assays

Mr Potma said Matador was still awaiting assays from the final 25 diamond holes of the summer drilling season.

Targets include 10 greenfield holes assessing the unexplored Window Glass Hill Granite (WGHG) heart-shaped pond (HSP) area, immediately west of the main WGH target.

New power auger geochemistry has delivered multi-gram bottom-of-hole gold intercepts at the HSP, prompting a reassessment of its prospectivity.

Other assays are to come from six greenfield holes testing for along-strike extensions of the WGHG margin mineralisation to the north-east; three greenfield holes from the Big Pond area; two infill holes within the WGH mineral resource; and four geotechnical holes at the Central Zone.

Results are also pending for 1,200 conventional till samples from a greenfield reconnaissance program at Malachite Lake and the remainder of a power auger sampling campaign at Stag Hill.

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