Key Highlights Phase two of diamond drilling has commenced with primary focus on Greenfield targets at Malachite Drill targets at Malachite focused on large, mineralised zones identified through the highly successful winter Reverse Circulation drill program Phase one of diamond drilling completed at the end of July 2024 with assays expected over the next couple of weeks Till survey over highly prospective Intersection [...]
Key Highlights First phase of 2024 diamond drilling completed in the resource corridor Approximately 1,900 metres of diamond drilling completed with assays pending Final diamond drill hole completed was deepest ever drill hole at Central Zone First-ever Company activities on the Intersection Project currently underway Airborne magnetic surveys commencing in the near-term over Bunker Hill Phase two diamond drilling [...]
Highlights Exploration Fully funded exploration program progressing to plan. Highly successful Canadian winter reverse circulation drilling program defined three large, mineralised zones, including O-2 West at Malachite which delivered a several mineralised holes including 627 ppb gold and 1.99% copper from six metres, with diamond drilling now planned. Also defined a 1.2 km anomalous trend at O-2 East to be followed up [...]
Key Highlights Comprehensive technical workshop led by world-renowned structural geologist Brett Davis. Several new targets identified on the district-scale land package along both the Cape Ray Shear Zone and Hermitage Flexure. A total of 37 targets in various stages defined and added to project portfolio. Target ranking in progress with proposed work programs being developed ahead of prioritisation. Phase one diamond [...]
Key Highlights New Toronto Venture Stock Exchange listing will complement existing primary listing on the Australian Securities Exchange . Trading on the TSXV expected to commence effective 26 June 2024 under the trading symbol "AUM" There is no new issuance of shares in connection with the TSXV listing AuMEGA shares will be fully fungible, allowing shareholders to move shares between exchanges. Leveraging inherent [...]
Highlights The Company has successfully completed a US$12 million Placement, issuing 28.6 million shares at a price of US$0.42 per share The Placement was completed at a 28 % premium to the closing share price The Company received strong demand for the Placement from both International and Australian Institutional Investors Proceeds from the Placement will be used to expand and accelerate exploration activities at the [...]
Matador Mining is pleased to announce that Phase One of the Company's high-resolution, heli-mag geophysics program is nearing completion at the Cape Ray Gold Project. Phase One of the program targeted 40 m of strike within the central part of the Project which includes all of the Company's existing Mineral Resources and the majority of the priority exploration targets. Highlights Phase One of the high resolution 30 metre [...]
Matador Mining is pleased to announce it has increased its landholding in Newfoundland by 37% to 750km2 following a major strategic review of the ground around its current tenements as well as prospects within the broader region. Highlights Matador has increased its holding in Newfoundland by 278km2 or 37% to a total of 750km2 This follows a major review of prospective ground around the Company's Cape Ray Gold Project and [...]
Matador Mining Ltd. is pleased to announce that it has commenced a development study to assess the potential for gold production at its 100% owned Cape Ray Project in Newfoundland, Canada. With a substantial Indicated Mineral Resource and significant progress being made with environmental approvals, Cape Ray represents a development opportunity with a short lead time, in the Canadian context, to potential production as [...]
Benton Resources is pleased to announce that it has completed the sale of its 80% interest in the Cape Ray Gold project to Matador Mining of Western Australia. Under the purchase agreement Benton received a total of A$3.25 million and 8,000,000 common shares of Matador based on an underlying value of A$0.25/share for a total consideration of A$5.25 million. The Company also received 833,333 options exercisable at a price [...]
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