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Alternate Symbol(s): AUMMF

Metals & Mining Industrial Metals & Minerals

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... see more

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Aumega Metals Ord Shs > AuMEGA Metals Extends Gold Mineralisation

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Post by Betteryear2 on Sep 15, 2024 2:37pm

AuMEGA Metals Extends Gold Mineralisation

Key Highlights

Step-out drilling at Central Zone extends gold mineralisation down plunge of the current high-grade mineral resources at both Zones 04 & 41.
Drillhole CRD381 at Zone 04 delivered gold intercept of 3.62 g/t over seven metres from 522 metres including 19.7 g/t gold and 1.6% copper over one metre.
Drillhole CRD380 at Zone 41 delivered gold intercepts of 1.94 g/t over 7.5 metres from 301 metres and 5.74 g/t over one metre from approximately 382 metres at the top contact of the Window Glass Hill Granite ("WGHG").
Drilling at Central Zone intersected the WGHG in the footwall of the Z04 and Z41 deposits, extending the occurrence of the mineralised structure.
The footwall drillhole CRD382 intersected a felsic unit similar to the WGHG and presents another target for follow up.
Strawberry Hill Granite results indicate potential for intrusive related gold mineralisation with some assays pending.
Previously released assay result from historically drilled geotechnical diamond drillhole CGT006 returned 2.39 g/t gold over 11 metres (apparent thickness) including 8.2 g/t gold over 0.55 metres from 125metres and 10.3 g/t gold over one metre from 135 metres from the Central Zone footwall.
Previously released assay result from geotechnical drillhole CGT005 returned 8.24 g/t gold over three metres from 127 metres, including 13.9 g/t gold over one metre from 129 metres within the Z41 deposit[1].

Edmonton, Alberta--(Newsfile Corp. - September 15, 2024) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) (formerly Matador Mining Ltd)("AuMEGA" or "the Company") is pleased to announce assays results from the first phase of diamond drilling located in the resource corridor along the Cape Ray Shear Zone ("CRSZ") in Newfoundland and Labrador, Canada. The Company drilled eight diamond drillholes for 1,900 metres. Two drill holes targeting conceptual ore shoots at depth at Central Zone delivered significant gold intercepts well below the known mineral resource.

AuMEGA Metals Extends Gold Mineralisation at Central Zone in Newfoundland (newsfilecorp.com)