https://www.miningweekly.com

Matador's Cape Ray gets maiden resource

7th August 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Matador Mining has reported a maiden mineral resource of 750 000 oz at its Cape Ray gold project, in Canada.

The project is also estimated to host some 2.7-million ounces of silver.

Matador MD Paul Criddle said on Monday that the maiden resource was a significant milestone for the company as Matador prepared to start with its maiden drill programme to continue exploring the productive shear hosted gold system.

“56% of the resource base has been classified as indicated resource within the maiden resource, which positions the project well to further grow the resource with confidence as we progress towards developing a world-class mineral province,” said Criddle.

The resource remains open in all directions, with significant scope for quick expansion on strike and at depth, with drilling to start immediately, Matador said.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.938s - 111pq - 2rq
Subscribe Now