Matador Mining reported progress in its Hermitage Project in Newfoundland, Canada.

The company identified the North Limb Fault across the 27km property length. This discovery correlates with multigram gold mineralisation efforts and aligns with a regional-scale fold.

Matador now holds all prospective geology land packages in Hermitage. Despite weather challenges, the company has drilled over 110 holes, awaiting assays for 45.

Plans include a high-resolution airborne magnetic survey and extensive geological mapping for refining target definitions in preparation for reverse circulation drill testing in early 2025.