Matador Mining disclosed assay results from 47 out of 157 planned reverse circulation drill holes at the Malachite Project in Newfoundland, Canada.

Two mineralised zones have been identified west of the O-2 target, with concentrations such as 627 ppb (0.63 g/t) gold and 1.99% copper.

The company awaits results from the remaining 110 holes, targeting high-priority areas within the project.

Matador plans to refine diamond drilling targets, with the next batch of results expected in May.