KEY HIGHLIGHTS
- OurMalachite tenement is located on the Cape Ray Shear Zone (CRSZ), which is thelargest gold-bearing structure in Newfoundland
- The CRSZhosts Marathon Gold’s 5.1 Moz and our current resource of 840,000 oz (in a different location)
- Malachite measures 15-kms in strike and 4-kms wide making it alarger footprint than Marathon Gold’s resource
- OurINITIAL drill program is to test three-specific areas based on the geophysical and geochemical work completed along with comprehensive prospecting, mapping and sampling completed during this past summer (in Canada).
- There has beenno historic drilling in this area thus our drilling will be the first ever in Malachite
QUICK HISTORY
- Matador first identified Malachite as an area of interest following a detailed magnetic survey revealing amajor bend in the largest gold bearing structure on the island along with several cross-cutting structures – all key features for major discoveries.
- This work was followed-up with a large, gold grain sampling program thatrevealed gold in soil almost everywhere in this 60 sq-km area.
- In the Canadian summer 2022, we carried out comprehensive prospecting, mapping and sampling resulting in a significantupgrade of our understanding of the structures (see below). The assays on the samples are pen
