Matador Mining Limited announced that it has increased its landholding in Newfoundland following a comprehensive internal targeting workshop held in collaboration with external industry experts during the March 2022 quarter. Increased landholdings in Newfoundland over 6% or 62km to a total of 1,033km. New claims staked immediately adjacent to Matador tenements following a detailed review of historic data associated with prospective ground along the cape ray shear zone (CRSZ).

New ground includes highly anomalous historic lake sediment sampling and prospective versatile time domain electromagnetic (VTEM) survey. Silver (Ag), Lead (Pb) & Zinc (Zn) assays in the top 3% of all lake sediment anomalies in Newfoundland - Ag, Pb & Zn are key gold pathfinder elements along the multi-million-ounce CRSZ. Prospective fault splays off the CRSZ identified in historic magnetic data coincident with VTEM conductivity targets and pathfinder geochemistry anomalies.