Matador Mining is seeing impressive drill results from its 45,000m drill program on the Cape Ray Shear in Newfoundland. Up to ninety percent of the holes are expansion drilling. Matador is employing a three-layered systematic approach (heli-mag, auger drilling then diamond drilling) to exploring the Cape Ray Shear. Some recent results include diamond drilling of 19m at 4.2g/t gold only 9m down hole; rock chips samples of 191g/t gold; and auger drilling hits of 55.4g/t gold. In this interview, executive chairman Ian Murray provides an update on Matador’s progress, exploration plans and what news flow to expect over the next quarter.

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).1 The Company is currently undertaking the largest exploration program carried out at Cape Ray, with 45,000 metres of drilling, targeting brownfield expansion and greenfields exploration.

0:00 Introduction

0:52 Three-layered exploration program

4:13 Matador found a way to speed up assay lab turnaround time

6:29 Target Area One drill results and exploration plans

9:30 Comparing Cape Ray Gold project to Marathon Gold’s Valentine project

11:27 Window Glass Hill Granite target testing at depth

12:24 “At a minimum we are chasing a 10-yr mine life” before starting PFS

14:13 Drilling at Big Pond intersects 55.4 g/t gold

19:28 Ninety percent of drilling is expansion drilling

21:01 Target Area Two initial results and exploration plans

24:33 Target Area Three’s prospectivity

27:10 Ian’s visit to Newfoundland

29:30 Treasury

Tickers: ASX:MZZ | OTCQX:MZZMF | FSE:MA3

Corporate presentation: https://www.investi.com.au/api/announcements/mzz/d964c9fa-7d1.pdf

Website: https://matadormining.com.au/

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Matador Mining is an MSE sponsor. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in and/or be compensated by some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.