Aumega Metals Ord Shs V.AUM

AuMEGA Reports 17% and 12% Copper Outcropping Samples

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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)