“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,” says chairman.
(, ) has confirmed multiple stacked gold lodes near surface at the Window Glass Hill deposit of its Cape Ray Gold Project in Newfoundland, Canada.
The results from infill drilling of the Window Glass Hill (WGH) inferred mineral resource, are designed to increase resource classification confidence.
Assays are pending for an additional 10 infill diamond drill holes (1,173 metres) completed at WGH.
“Scratching the surface”
Executive chairman Ian Murray said: “It is very rewarding to see strong results emerging from our WGH infill drilling program.
The WGH mineral resource, currently 232,000 ounces gold at 1.6 g/t, 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 three kilometre-long Window Glass Hill Granite.”
Best intercepts are:
- 4 metres at 4.0 g/t, 3 metres at 3.1 g/t, 5 metres at 1.6 g/t and 2 metres at 3.1 g/t;
- 8 metres at 3.0 g/t, 17 metres at 1.4 g/t and 7 metres at 1.0 g/t;
- 2 metres at 8.0 g/t and 14 metres at 1.0 g/t; and
- 8 metres at 1.9 g/t.
Target pipeline stronger
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 new detailed magnetics.
Murray added: “We have power auger teams exploring historically undrilled ground at Stag Hill on the main trend two to four kilometres northeast of the 526,000-ounce 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.”
Greenfield exploration ongoing
The company said greenfield exploration was ongoing across the project with:
➢ Diamond rigs currently drilling at the Big Pond and WGH Granite greenfield targets;
➢ Power auger geochemistry drilling at the previously undrilled Stag Hill area between the Central and Isle aux Morts (IAM) deposits. Results of this power auger exploration program are expected to be delivered in tranches through the December 2021 quarter; and
➢ Regional till sampling of new targets in untested ground north of Malachite Lake identified from interpretation of detailed magnetic data collected earlier this season.
Malachite Lake target area
Matador’s three backpack drill sampling crews have been re-assigned to complete a broad first-pass surface till sampling program covering a 44 square kilometres of previously unexplored ground north of the Malachite Lake Target area.
This area has never been surface-sampled or drilled and represents a virgin exploration target area that has emerged from analysis of the newly acquired aeromagnetic data.
Results from this broad first pass till sampling program are anticipated throughout December and March quarters in time to design follow-up work for the June 2022 quarter.
Extended turnaround times for these data are likely given the requirement for expert heavy mineral separation, gold grain and indicator mineral analysis of the till samples, a specialist service, which is currently in high demand across Canada.