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Coffee with Samso - High-grade gold in Newfoundland, Canada

Matador Mining technical director Keith Bowes chats to Samso about the company and its 1.02-million-ounce Cape Ray Gold Project in Newfoundland.

Matador Mining Ltd - Coffee with Samso - High-grade gold in Newfoundland, Canada
Samso with Matador Mining’s Keith Bowes

Matador Mining Limited (ASX:MZZ) has the Cape Ray Gold Project in Newfoundland, a large island east of the Canadian mainland. Located in the south of Newfoundland, the Cape Ray project is about 25 kilometres northeast of the coastal town of Port aux Basques.

The Cape Ray sheer is a geological structure that extends around 400 kilometres through Newfoundland and is regarded as one of the most prospective yet under-explored regions in North America.

In 2018, Matador Mining consolidated the southern portion of this geological structure with its tenure extending across approximately 65 kilometres of a potential strike.

Following a review of historical drilling as well as completion of the company’s inaugural drill program during late 2018, a JORC resource of 1.02 million ounces of gold at an average grade of 2.2 g/t has been defined at the project.

This resource is contained within four areas which cover a strike of around 14 kilometres.

The majority of this resource is at the Central Zone, which hosts more than 800,000 ounces at a grade of 2.6 g/t.

Central zone shows excellent potential for future open pit operations as well as significant underground potential.

All deposits across the Cape Ray project are open and show excellent potential for further expansion in the future.

www.samso.com.au

Samso is primarily a consulting company that delivers digital information to the market in terms of creating organic content.
Samso simplifies your story to customers or investors. Samso creates organic content for you to engage your audience and BRAND yourself to them.
Samso provides bespoke research and presentation for clients to engage their customers or investors.
Organic content allows audiences to feel a real sense of sincerity when you share your business strategy, allowing your business to stand out among the sea of social media traffic.
Working with Proactive Group allows exposing our insights to over 1.2 million monthly unique views internationally.
Samso has nearly 30 years of experience in developing business ideas and concepts in the Australasian region.
Samso has worked primarily in the mineral resources industry, capital markets and corporate finance. Noel Ong is the founder of SAMSO.

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Price: 0.435 AUD

ASX:MZZ
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Matador Mining Ltd nearing release of scoping study for Cape Ray gold project

  Matador Mining Ltd's (ASX:MZZ) executive director Adam Kiley tells Proactive's Andrew Scott they're getting to close to announcing a scoping study for its Cape Ray Gold Project in Newfoundland, Canada, which is expected to be released 'later this quarter'. ''Also in the past quarter...

on 9/4/20

2 min read