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Matador aiming for 1Moz-plus resource at Cape Ray

MATADOR Mining is progressing with a 45,000m drilling campaign at its Cape Ray project in Newfoundland, Canada, as it seeks to grow resources to enable the project to sustain production of 100,000 ounces a year for at least 10 years.

Paul Harris in Colorado
Ian Murray in Newfoundland

Ian Murray in Newfoundland

Adding to resources is a key goal to make the project more financeable. A 2020 scoping study outlined sub-90,000oz per annum production on a resource totaling 837,000oz at 2 grams per tonne. "A 10-year...

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