Till Sampling Identifies Numerous Gold Targets at Malachite
Matador Mining Limited (ASX: MZZ; OTCQX: MZZMF; FSE: MA3) (“Matador” or the “Company”) is pleased to announce initial results from an extensive till sampling program completed in late 2021 near the Cape Ray Gold Project (the “Project”) in Newfoundland, Canada.
Highlights:
• Nine high-tenor gold grain anomalies were identified in till sampling across the 15 x 4 kilometreMalachite structural target area, with three of these anomalies open at the edge of the survey area and results still pending for 35% of the sampling program
• Up to 716 gold grains have been recovered in one of the till samples collected on prominent magnetic structures up to three kilometres north of the Cape Ray Shear Zone (“CRSZ”)
• The 716-grain sample contained 607 pristine gold grains, indicating the source of gold is likely within100 metres from the sample location
• The highest tenor gold grain anomalies are comparable with the best gold grain counts reported in Newfoundland, and coincide with favourable structural targets associated with the multi-million-ounce CRSZ identified from the detailed 2021 magnetics survey
• The Malachite area has never been drill tested, with historic surface sampling limited to a narrow corridor along the main CRSZ, identifying multi-kilometre-long gold-silver-arsenic-antimony anomalies that were never followed up