Matador Mining Ltd. (ASX: MZZ, FSE: MA3) is a gold exploration company listed in Australia and Germany. It owns concessions along the Cape Ray Shear gold corridor in the Canadian province of Newfoundland. The company's own claims on the prospective but still very under-explored trend extend over a strike length of more than 120 kilometers. Matador Mining has already published a scoping study on this project. It indicates a potential mine life of seven years at a high IRR (51 percent after tax) and a rapid payback of costs within 1.75 years. Projected extraction costs (AISC) could be US$776 per ounce of gold.