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Aumega Metals Ord Shs AUMMF


Primary Symbol: V.AUM

Aumega Metals Limited, formerly Matador Mining Limited, is an Australia-based exploration company. The Company is focused on making gold discoveries in Newfoundland, Canada. The Company is well positioned with an extensive land package comprising 120-kilometres of continuous strike along the under-explored, multi-million-ounce Cape Ray Shear, a prolific gold structure in Newfoundland that hosts several mineral deposits. Additionally, the Company holds 27- kilometers of continuous strike at the Hermitage prospect which is located on the highly prospective Hermitage Flexure. The Company also has an Option Agreement over the Blue Cove Copper Project in southeastern Newfoundland, which is highly prospective for copper and other base metals. The Company hosts a mineral resource of 610,000 ounces of gold grading 1.96g/t gold predominately in the Cape Ray Project. Blue Cove is an early-stage, copper, lead, zinc and silver exploration project.


TSXV:AUM - Post by User

Post by Betteryear2on Sep 23, 2024 6:21pm
45 Views
Post# 36237301

AuMEGA Reports 17% and 12% Copper Outcropping Samples

AuMEGA Reports 17% and 12% Copper Outcropping Samples

Key Highlights

  • Completed limited first-pass prospecting at the eastern portion of the Bunker Hill Project.
  • Identified two large-scale intrusive units, including the Nitty Gritty Granite, that display several features characteristic of potential porphyry mineralisation.
  • Initial results from outcropping samples confirm gold and high-grade copper mineralisation.
  • Sample MR002477 (outcropping vein) contained 17.2% copper, 16.9 g/t silver, 0.41 g/t gold, 167 ppm bismuth and 5.37 ppm tellurium.
  • Sample MR002478 (outcropping vein) contained 12.4% copper, 19.1 g/t silver, 0.56 g/t gold, 1119 ppm bismuth and 9.98 ppm tellurium.
  • Recent assays are consistent with historic high-grade samples in the area with samples that included:
    • Peak copper sample of 57% copper (float sample, 2011)
    • Peak gold sample of 17.05 g/t gold (float sample, 1998)
    • Peak silver sample of 407.5 g/t silver (float sample, 1998)
  • Identified a large area of anomalous copper-gold-silver mineralisation with nearly a kilometre in strike.
  • Additional prospecting and till samples are pending assays.
  • High-resolution airborne survey completed over Bunker Hill and processing data underway.

Edmonton, Alberta--(Newsfile Corp. - September 23, 2024) - AuMEGA Metals Ltd (formerly Matador Mining Ltd) (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to report initial high-grade assay results from prospecting from the Company's Bunker Hill Project located along the Cape Ray Shear Zone ("CRSZ") in Newfoundland and Labrador, Canada.

AuMEGA Reports 17% and 12% Copper Outcropping Samples from the Bunker Hill Project (newsfilecorp.com)

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