Matador just ‘scratching the surface’ of Window Glass Hill potential
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Matador Mining’s infill drilling program at Window Glass Hill (WGH) deposit at its Cape Ray gold project in Canada is doing its job of increasing resource classification confidence.
The company has confirmed multiple stacked gold lodes near surface, with significant intercepts of:
Assays are pending for an additional 10 drill holes, but Matador Mining (ASX:MZZ) executive chairman Ian Murray said the company is just scratching the surface of the mineralisation potential at WGH.
“It is very rewarding to see strong results emerging from our WGH infill drilling program,” he said.
“The WGH Mineral Resource (currently 232,000oz gold at 1.6 g/t gold) is one of the cornerstones of the Cape Ray Gold Project.
“This drilling confirms the presence of strong gold mineralisation from surface, with multiple stacked lodes within the first 120 vertical metres delivering on our aim to improve the resource classification confidence and inventory.
“These results, combined with the recent exploration success at the Granite Margin target southwest of the WGH mineral resource, makes us think that we are just scratching the surface of the mineralisation potential of the 3km-long Window Glass Hill granite.”
Two diamond rigs at Cape Ray are currently focused on exploration drilling of high priority drill targets away from the existing mineral resources.
“The discovery potential continues to grow, with the two diamond rigs now focused back on exploration drilling – one following up on the recently reported intercepts at the WGH Granite Margin target, and a second drilling greenfield targets generated at Big Pond by the power auger geochemistry and our new detailed magnetics,” Murray said.
“We have power auger teams exploring historically undrilled ground at Stag Hill on the main trend 2-4km northeast of the 526,000oz gold Central Zone mineral resources, and surface sampling crews undertaking first-pass till sampling in untested new areas north of Malachite Lake, which our geologists identified from interpretation of the detailed magnetic survey.
“Our exploration target pipeline is looking stronger than ever.”
Results from the diamond drilling are expected to be reported in the December 2021 quarter, with results from the power auger program expected to be delivered in tranches throughout the quarter.
Results from the first pass till sampling program are anticipated throughout the December and March quarters in time to design follow-up work for the June 2022 quarter.
This article was developed in collaboration with Matador Mining Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.