Matador Mining has secured the option of acquiring the Blue Cove Copper Project in southeastern Newfoundland.

Sampling indicates up to 10.6% copper and 106 g/t silver, revealing substantial untapped potential.

The move aligns with Matador's strategy to expose shareholders to low-cost, high-potential copper exploration opportunities.

The acquisition enhances Matador's Newfoundland portfolio, with plans for early-stage exploration to commence by the end of the Canadian summer.