Matador Mining Doubles Size of Exploration Program with A$25M Now in Treasury (Ian Murray Interview)

Matador Mining just doubled the size of its exploration program. The company has A$25M now in the treasury on the heels of an impressive A$16M raise at a 28% premium with no warrant. The company is now funded well into 2022. Diamond drilling meterage is raised to 45,000m from 20,000m. Power auger drilling is increased to five from three. And the heli-mag program has gone to 80km from 40km. Executive chairman Ian Murray provides an update on Matador’s progress, exploration plans and what news flow to expect over the next 30 days. Matador Mining (ASX: MZZ; OTCQX: MZZMF; FSE: MA3) is a gold exploration company with tenure covering 120 kilometres of continuous strike along the highly prospective, yet largely under-explored Cape Ray Shear in Newfoundland, Canada. The Company released a Scoping Study which outlined an initial potential seven-year mine life, with a forecast strong IRR (51% post Tax), rapid payback (1.75 year) and LOM AISC of US$776/oz Au (ASX announcement 6 May 2020).1 The Company is currently undertaking the largest exploration program carried out at Cape Ray, with 45,000 metres of drilling, targeting brownfield expansion and greenfields exploration. 0:00 Introduction 0:58 A$16M flow-through raise at 28% premium 2:51 Long-term shareholders brought in financing 4:25 Treasury now A$25M: fully-funded well into 2022 5:29 Exploration program now more than doubled in size 8:24 PFS & improved metallurgical results 10:40 Increased land tenements on Cape Ray Shear 13:10 Newfoundland geologist Kerry Sparkes joins Matador 14:44 Next 30 days of news flow Tickers: ASX:MZZ | OTCQX:MZZMF | FSE:MA3 Previous MSE Matador interview: https://www.miningstockeducation.com/2021/05/most-undervalued-gold-stock-in-canadas-hottest-jurisdiction-with-matador-mining-chair-ian-murray/ Corporate presentation: https://www.investi.com.au/api/announcements/mzz/08a271c6-d82.pdf Website: https://matadormining.com.au/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Matador Mining is an MSE sponsor. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in and/or be compensated by some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.