{"id":683,"date":"2021-04-13T15:35:51","date_gmt":"2021-04-13T07:35:51","guid":{"rendered":"https:\/\/matadormining.com.au\/?page_id=683"},"modified":"2021-09-07T12:21:10","modified_gmt":"2021-09-07T04:21:10","slug":"resource","status":"publish","type":"page","link":"https:\/\/matadormining.com.au\/cape-ray\/resource\/","title":{"rendered":"Resource"},"content":{"rendered":"\n
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Resource<\/h1>\n<\/div><\/div>\n\n\n\n
\n\t<\/span>\n\tYou are here: Matador Mining<\/span><\/a><\/span><\/div>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div>\n\n\n\n
<\/div><\/div><\/div>\n\n\n\n

Mineral Resource Estimate \u2013 May 2020<\/h2>\n\n\n\n
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Table A3-1: Cape Ray Project Summary Mineral Resource<\/th>\n<\/tr>\n<\/thead>\n
<\/td><\/td><\/td>Indicated<\/td>Inferred<\/td>Total<\/td>\n<\/tr>\n
Deposit<\/td>Cut-off<\/td>RL<\/td>Tonnes (Mt)<\/td>Au (g\/t)<\/td>Ag (g\/t)<\/td><\/td>Contained Au (Koz)<\/td>Contained Ag (Koz)<\/td>Tonnes (Mt)<\/td>Au (g\/t)<\/td>Ag (g\/t)<\/td>Contained Au (Koz)<\/td>Contained Ag (Koz)<\/td>Tonnes (Mt)<\/td>Au (g\/t)<\/td>Ag (g\/t)<\/td>Contained Au (Koz)<\/td>Contained Ag (Koz)<\/td>\n<\/tr>\n
Z4\/41<\/td>0.5<\/td>>100mRL<\/td>2.1<\/td>2.83<\/td><\/td>8<\/td>191<\/td>545<\/td>1.3<\/td>1.48<\/td>6<\/td>61<\/td>236<\/td>3.4<\/td>2.32<\/td>7<\/td>252<\/td>781<\/td>\n<\/tr>\n
<\/td>2<\/td><100mRL<\/td>0.2<\/td>3.1<\/td><\/td>11<\/td>23<\/td>77<\/td>0.2<\/td>2.9<\/td>9<\/td>17<\/td>56<\/td>0.4<\/td>3.01<\/td>10<\/td>40<\/td>133<\/td>\n<\/tr>\n
Z51<\/td>0.5<\/td>>200mRL<\/td>0.8<\/td>4.25<\/td><\/td>9<\/td>103<\/td>211<\/td>0<\/td>1.43<\/td>5<\/td>1<\/td>3<\/td>0.8<\/td>4.18<\/td>9<\/td>104<\/td>214<\/td>\n<\/tr>\n
<\/td>2<\/td><200mRL<\/td>0.2<\/td>4.41<\/td><\/td>11<\/td>32<\/td>77<\/td>0.1<\/td>2.59<\/td>3<\/td>12<\/td>15<\/td>0.4<\/td>3.71<\/td>8<\/td>43<\/td>92<\/td>\n<\/tr>\n
HZ<\/td>0.5<\/td>All<\/td>0.2<\/td>1.11<\/td><\/td>1<\/td>8<\/td>8<\/td>0<\/td>0.9<\/td>1<\/td>0<\/td>0<\/td>0.2<\/td>1.11<\/td>1<\/td>8<\/td>8<\/td>\n<\/tr>\n
PW<\/td>0.25<\/td>All<\/td>-<\/td>-<\/td><\/td>-<\/td>-<\/td>-<\/td>2.2<\/td>1.12<\/td>4<\/td>80<\/td>257<\/td>2.2<\/td>1.12<\/td>4<\/td>80<\/td>257<\/td>\n<\/tr>\n
IAM<\/td>0.5<\/td>All<\/td>-<\/td>-<\/td><\/td>-<\/td>-<\/td>-<\/td>0.8<\/td>2.39<\/td>2<\/td>60<\/td>60<\/td>0.8<\/td>2.39<\/td>2<\/td>60<\/td>60<\/td>\n<\/tr>\n
Big Pond<\/td>0.25<\/td>All<\/td>-<\/td>-<\/td><\/td>-<\/td>-<\/td>-<\/td>0.1<\/td>5.3<\/td>3<\/td>19<\/td>12<\/td>0.1<\/td>5.3<\/td>3<\/td>19<\/td>1455<\/td>\n<\/tr>\n
WGH<\/td>0.5<\/td>All<\/td>-<\/td>-<\/td><\/td>-<\/td>-<\/td>-<\/td>4.7<\/td>1.55<\/td>10<\/td>232<\/td>1455<\/td>4.7<\/td>1.55<\/td>10<\/td>232<\/td>3013<\/td>\n<\/tr>\n
<\/td>Total<\/td><\/td>3.5<\/td>3.15<\/td><\/td>8<\/td>356<\/td>918<\/td>9.4<\/td>1.6<\/td>7<\/td>481<\/td>2094<\/td>12.9<\/td>2.02<\/td>7<\/td>837<\/td>3013<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n

Note: Figures have been rounded and rounding errors may apply.\u00a0Contained metal figures do not take metallurgical recovery into account.\u00a0 Reported cut-offs from Zones 51, 4\/41 cover both open-pit resources scenario (0.5g\/t Au cut off) and underground scenario (2g\/t Au cut off).\u00a0 2020 resource updates for Zones 4\/41, 51, WGH and PW use 2.8t\/m3<\/sup> density.<\/p>\n<\/div><\/div><\/div>\n\n\n\n

  • All Mineral Resources are completed in accordance with the JORC Code 2012 Edition<\/li>
  • All figures are rounded to reflect appropriate levels of confidence. Apparent differences may occur due to rounding<\/li>
  • Cut-off grade assumptions approximately reflect a US $1,550 per ounce gold price as per the Cape Ray Scoping Study<\/li>
  • Open Pit Mineral Resources are reported at various cut-off grades to reflect assumed Reasonable Prospects of Eventual Economic Extraction as derived from the Cape Ray Gold Project Scoping Study: Z4\/41 – 0.50 g\/t Au cut-off above 100mRL; Z51 \u2013 0.5 g\/t Au cut-off above 200mRL; HZ, IAM and WGH all reported at 0.5 g\/t Au cut-off with no constraint; Big Pond and PW reported at 0.25 g\/t Au cut-off with no constraint<\/li>
  • Underground Mineral Resources are reported at a 2.0 g\/t Au cut-off grade to reflect assumed Reasonable Prospects of Eventual Economic Extraction as derived from the Cape Ray Gold Project Scoping Study: Z4\/41 \u2013 2.0 g\/t Au cut-off below 100mRL; Z51 \u2013 2.0 g\/t Au cut-off below 200mRL<\/li><\/ul>\n\n\n\n

    Competent Person\u2019s Statement<\/h2>\n\n\n\n

    The information in this announcement that relates to the Mineral Resource estimate for Zones 4\/41 and 51, is based upon information compiled by Mr. Neil Inwood from Sigma Resources Consulting, an independent consultant to Matador Mining Limited.  Mr. Inwood is a Fellow of the AUSIMM and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the \u201cAustralasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves\u201d (JORC Code 2012).  Mr. Inwood consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.<\/p>\n\n\n\n

    The information contained in this announcement that relates to Mineral Resource estimate for Zones 4\/41 and 51 was undertaken by Mr. Brian Wolfe, an independent consultant to Matador Mining Limited, who is a Member of the Australian Institute of Geoscientists.  The classification scheme for Zones 4\/41 and 51 was developed by Mr Wolfe and reviewed by Mr Inwood.  Mr. Wolfe was engaged as a consultant to Matador Mining Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code 2012.  Mr. Wolfe consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.<\/p>\n\n\n\n

    The information contained in this announcement that relates to Mineral Resource estimates for H Zone, Big Pond and IAM at the Cape Ray Project was first reported by the Company in an announcement to the ASX on 30 January 2019 is based on, and fairly reflects, information compiled by Mr. Alfred Gillman, an independent consultant to Matador Mining Limited.  Mr. Alfred Gillman is a Fellow and Chartered Professional of the Australian Institute of Mining and Metallurgy and was engaged as a consultant to Matador Mining Limited to complete the JORC (2012) resource.  Mr. Gillman has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the \u2018Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves\u2019.  Mr. Gillman consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.<\/p>\n\n\n\n

    The information contained in this announcement that relates to the 2020 grade estimation for Window Glass Hill and PW Zone were reported to the ASX 4 February 2020 and was undertaken by Mr. Patrick Rice, an independent consultant to Matador Mining Limited.  Mr. Rice is a Fellow of the Australian Institute of Mining and Metallurgy and was engaged as a consultant to Matador Mining Limited.  Mr. Rice has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the \u2018Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves\u2019.  Mr. Rice consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.<\/p>\n\n\n\n

    The information contained in this announcement that relates to exploration results is based upon information compiled by Mr. Warren Potma, who is an employee of Matador Mining Limited in the position of Exploration Manager.  Mr. Potma is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the \u201cAustralasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves\u201d (JORC Code 2012).  Mr Potma consents to the inclusion in the announcement of the matters based upon the information in the form and context in which it appears. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements, and in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.  The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Mineral Resource Estimate \u2013 May 2020 All Mineral Resources are completed in accordance with the JORC Code 2012 Edition All figures are rounded to reflect appropriate levels of confidence. Apparent differences may occur due to rounding Cut-off grade assumptions approximately reflect a US $1,550 per ounce gold price as per the Cape Ray Scoping Study […]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":295,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/blocks.php","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"full-width-content","footnotes":""},"acf":[],"yoast_head":"\nResource • Matador Mining<\/title>\n<meta name=\"description\" content=\"Mineral resource estimate for Cape Ray Gold Project.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/matadormining.com.au\/cape-ray\/resource\/\" \/>\n<meta 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