Matador Mining Sees “Huge Upside” at WGHG Gold Target says Exploration Manager Warren Potma
Matador Mining Exploration Manager Warren Potma explains in this interview the “huge upside” he sees at the Window Glass Hill Granite (WGHG) Target. The company already has an existing gold resource (312Koz Au) on the WGHG intrusion. But now through analyzing new data, Matador has doubled the size of the highly prospective WGHG intrusion to over 6 km strike. Executive Chair Ian Murray also shares his corporate commentary in this interview.
Matador Mining Executive Chair Ian Murray commented: “The opportunity presented by the large WGHG system to support significant mineral resource growth within a stone’s-throw of the proposed processing facility at Central Zone is extremely exciting. To find that the WGHG extends a further three kilometres to the north-east, immediately adjacent to the existing 519Koz Au Central Zone Mineral Resource, in an area almost completely devoid of previous drilling, represents a great opportunity for Matador to test through 2022. Matador will dedicate at least one diamond drill rig throughout the 2022 summer drilling season aiming to grow the WGHG-hosted resources footprint and continue to make new discoveries across the 85% of WGHG area and granite contact zones that are still to be effectively drill tested. We will also concurrently advance the broader greenfield discovery efforts and exploration target pipeline.”
Matador Mining (ASX: MZZ; OTCQX: MZZMF; FSE: MA3) is a gold exploration company with tenure covering 120 kilometres of continuous strike along the highly prospective, yet largely under-explored Cape Ray Shear in Newfoundland, Canada. The Company released a Scoping Study which outlined an initial potential seven-year mine life, with a forecast strong IRR (51% post Tax), rapid payback (1.75 year) and LOM AISC of US$776/oz Au (ASX announcement 6 May 2020). The Company is currently undertaking the largest exploration program carried out at Cape Ray, targeting brownfield expansion and greenfields exploration.
0:00 Introduction
1:18 What MZZ learned from 2021 exploration program
2:40 Warren’s experience exploring under cover
5:04 2021 drill results to be released soon
6:11 Window Glass Hill Granite “huge upside”
9:12 Planning 2022 exploration drill program
10:31 Resource update soon?
11:18 What does exploration success look like for 2022?
13:13 New CEO Sam Pazuki
16:01 Commentary on share price action
18:15 Treasury A$11M
18:27 Upcoming catalysts
PRESS RELEASES DISCUSSED:
New Data Doubles Gold Target at Window Glass Hill Granite to Six Kilometres of Strike Length
