Matador Mining announces winter drill programme at Newfoundland gold project

ASX-listed Matador Mining has commenced an inaugural winter drilling programme at the Cape Ray Gold Project on the Canadian island of Newfoundland.

The winter campaign maintains the company’s aggressive exploration at Cape Ray and will comprise of 30 diamond holes for 3,000-4,500 metres. It will focus on a corridor encompassing the PW East, Stag Hill, Isle aux Morts and Benton prospects along the Cape Ray Shear Zone.

Executive chair Ian Murray said: “I would like to congratulate our exploration team and our service providers for the hard work they have put into the planning and preparation of this inaugural winter drill programme.

“As with all exploration programmes, safety and environment are front of mind. With a winter programme, new potential challenges need to be planned for, which our team has done well during the preparations.

“In 2021, we commenced the largest ever drill programme at the highly prospective Cape Ray Gold Project, with 20,681 metres of diamond drilling completed during the year. However, winter conditions in Newfoundland typically halt traditional drilling for a few months.”

While Matador is executing the winter drill campaign, the company expects to release results from 35 diamond drill holes in the 2021 summer drilling season that are pending assays.