Coffee with Samso

The Birth of a Tier-1 Gold Miner


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Coffee with Samso Episode 129 with Ian Murray, Executive Chairman of Matador Mining Limited (ASX: MZZ)   The Story Begins   I have finally been able to get Ian Murray in a Coffee with Samso. I first came across Ian in 2011 (I think) in Hong Kong at the Mines and Money. We spoke briefly about what Gold Road was doing and how I was impressed with their tenure in the Yarmana Greenstone Belt. Well, it looks like Ian is on another similar project.   However, this time, it looks like it is an easier project that is destined to be a gold mining district. The Cape Ray project is one that has the potential to be a multi million ounce gold mine. All it needs now is drilling and more drilling.   In the previous Coffee with Samso Episode 54, we had Warren Potma sharing how the company is systematically working on the project.   One of the imposing features of this project is the 120 km of strike (length), where the company is continuously finding gold mineralisation.   In this episode, I talk with Ian Murray about how Matador Mining is handling things since that last conversation.   The conversation that developed was great. Ian has painted a great backdrop of what has happened, what ill happen and what could happen. What I liked was that it was not promotive, no very blue sky conversation, but a factual commentary.   Chapters:   00:00 Start 00:20 Introduction 01:11 Ian Murray introduction 02:03 Update on the Cape Ray Project 04:19 Can Cape Ray be big? 06:32 Is there a consistent style of mineralisation? 07:54 The low grade vs. high grade question. 10:10 How waste can dilute an ore body. 11:08 The unloved nature of gold narrative. 12:25 The need to be relevance in the market? 14:23 Is the Matador story a Simple Story? 16:15 Is there a surprises in the geology of Cape Ray Shear? 19:05 Are there any Metallurgical concerns? 20:02 Is there a magical geological formula? 22:16 Will matador do Cape Ray justice? 24:19 Cape Ray is a Company maker. 25:07 Hermitage story? 26:44 Potential for pegmatites 27:09 Can the Cape Ray shear host high grade deposits? 28:37 Newfoundland has little history of exploration. 29:54 TSX vs. ASX 32:35 How is the matador story being received? 34:27 News flow for the next 12 months? 36:41 Conclusions
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