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AuMEGA Metals Ltd (AUMMF) provides investors and industry observers with comprehensive updates on its exploration activities along Newfoundland’s Cape Ray Shear Zone. This dedicated news hub consolidates all official communications, including technical breakthroughs, drilling results, and strategic developments.
Our repository serves as a reliable source for tracking the company’s systematic exploration approach, which combines advanced geophysical surveys with diamond drilling programs. Users will find updates on key projects like Bunker Hill and Hermitage, alongside analyses of structural targets and mineralisation patterns.
The curated collection includes press releases detailing geochemical findings, partnership announcements, and operational milestones. All content undergoes strict verification to ensure accuracy and relevance for investment research purposes.
Bookmark this page for direct access to AUMMF’s latest developments in one of Canada’s most prospective gold exploration corridors. Regular updates provide critical insights into the company’s progress in delineating district-scale mineral resources.
AuMEGA Metals (OTCQB: AUMMF) has identified a significant new untested anomaly at its Cape Ray Project in Newfoundland and Labrador, Canada. The discovery, located 500 metres southeast of the Central Zone deposits, was revealed through an Airborne Time Domain Electromagnetic (EM) survey.
The newly identified anomaly extends 1,000 metres along strike and is 500 metres wide, with characteristics matching the Central Zone deposits that currently host 420,000 ounces of Indicated gold resources and 141,000 ounces of Inferred resources. Notably, a historical sample near the anomaly returned 111.5 g/t gold.
The company plans to commence a fully funded drilling program in Q4 2025 to test this new target, along with several other newly identified EM anomalies across the property.
AuMEGA Metals (OTCQB:AUMMF) reported significant progress in its 2025 exploration program at the Cape Ray Project in Newfoundland, Canada. The company's diamond drilling program intersected 1.85 g/t gold over 13.5 metres, including 4.79 g/t over 0.85 metres, extending mineralization at the Central Zone.
The company completed its largest surface program ever, collecting 91 rock and 1,082 till samples at Cape Ray West. Preliminary electromagnetic survey results identified several discrete anomalies consistent with Central Zone deposits. The Cape Ray Project currently hosts 420 koz of gold in indicated resources and 141 koz in inferred resources.
AuMEGA maintains a strong financial position with C$9.2 million in cash, supporting its comprehensive exploration campaign. The company plans to expand its resource base through ongoing drilling and systematic exploration programs across multiple projects.
AuMEGA Metals (OTCQB:AUMMF) has provided a comprehensive exploration update across its key projects. The company has completed a 2,559.7-metre diamond drill program at Cape Ray, with initial assay results expected in mid-August 2025. The company's treasury stands strong at C$9.2 million.
Key developments include an extensive till sampling program at Cape Ray targeting 1,500 samples, identification of gold mineralization at Bunker Hill's Branch Fault, and plans for Hermitage's largest exploration program to date with 1,725 geochemical till samples. The Cape Ray Project currently hosts 420 koz of gold in indicated resources and 141 koz in inferred resources, based on a gold price of $1,750 per ounce.
AuMEGA Metals (OTCQB: AUMMF) has appointed James Withall as Non-Executive Director, effective August 1, 2025. Withall, former CEO of Rupert Resources, brings extensive mining sector experience from his roles as a geologist, portfolio manager at BakerSteel, and most recently as CEO of Rupert Resources, where he led the company to achieve a market valuation of nearly CAD $1 billion.
Under Withall's leadership, Rupert Resources transformed from a small-cap explorer into a significant multi-million-ounce discovery. His expertise in exploring regions with considerable overburden will be valuable as AuMEGA's fourth Non-Executive Director. The company benefits from strategic backing from B2Gold and several major global funds.
AuMEGA Metals (AUMMF) has launched its spring exploration program at the Cape Ray Project while receiving partial assay results from its Bunker Hill winter drilling campaign in Newfoundland and Labrador, Canada. The company's diamond drill hole CRD396 at Bunker Hill West yielded notable results of 1.84 g/t gold over 1.0 metres, including 5.58 g/t gold, 96 g/t silver, and 3.64% lead over 0.3 metres.
With a strong treasury of C$13.1 million, AuMEGA plans to execute up to 10,000 metres of diamond drilling across high-priority targets. The company awaits assays from nine diamond holes and 147 RC base-of-till holes, with results expected in the coming weeks. An electromagnetic survey is underway at Cape Ray, with results anticipated in June to guide future drilling efforts.
AuMEGA Metals (AUMMF) has completed its winter drilling program at the Bunker Hill Project in Newfoundland, Canada, with significant discoveries. The program included 5,067 metres of combined diamond and reverse circulation (RC) drilling, with 147 RC holes completed. A notable discovery was made in RC drill hole CRC0284, which reported 417 ppb gold over six metres with peak values of 893 ppb gold, 3.7 g/t silver, and 0.92% lead on the Branch Fault structure.
The company identified multiple bedrock samples with gold anomalism, including three RC holes returning 219 ppb, 160 ppb, and 129 ppb gold. AuMEGA plans to resume operations with a 5,000-metre drilling program at Cape Ray in June 2025, followed by an additional 5,000 metres at Bunker Hill mid-year. With C$13.1 million in cash, the company is fully funded for its 2025 exploration program.
AuMEGA Metals (OTCQB: AUMMF) has appointed Mike Skead as President, effective May 1, 2025. Skead, a globally recognized geologist, will report to Managing Director and CEO Sam Pazuki while leading the company's exploration strategy and team activities.
Skead's notable experience includes his recent role at GT Gold Corp., which was acquired by Newmont Corp. for C$400 million in 2021. His career spans leadership positions at major mining companies including Newmont, Goldcorp, Dundee Resources, and Ashanti Goldfields.
The appointment aims to strengthen AuMEGA's position in Newfoundland's mining district, particularly in the Cape Ray/Valentine Lake Shear Zone. The company currently benefits from strategic backing by B2Gold and institutional shareholders, controlling district-scale projects with significant mineral resources.
AuMEGA Metals (AUMMF) has provided updates on its 2025 winter drilling program at the Bunker Hill Project, which is nearing completion on April 22, 2025. The company has completed approximately 3,600 metres of combined diamond and RC drilling, including 12 diamond drill holes and 147 RC holes.
Key developments include:
- Strategic expansion of Bunker Hill through new claims staking, adding 43 km² to the project area
- Plans to resume diamond drilling in July 2025 with a target of up to 10,000 metres
- Discovery of highest-ever gold assay (2.57 g/t Au) at the Blue Cove Project during first-pass prospecting
- Upcoming exploration at Cape Ray targeting undrilled zones at Central Zone SW and Cape Ray West
Initial assay results from the winter drilling program are expected shortly, with consistent news flow to follow. The company's early completion of the winter program was due to mild weather conditions, with plans to utilize existing winter camp infrastructure for summer exploration initiatives.
AuMEGA Metals (OTCQB: AUMMF) has commenced its 2025 winter drill program at Bunker Hill in Newfoundland and Labrador, Canada, following a brief weather-related delay. The company has deployed two diamond drill rigs at the Nitty Gritty targets, with a Reverse Circulation (RC) drill rig on site expected to begin bottom-of-hole/basal till sampling soon.
The program plans approximately 10,000 metres of drilling, with initial focus on Nitty Gritty—site of previously reported high-grade copper and silver outcropping samples—before moving to Bunker Hill West, where historic high-grade gold samples and recent geophysical surveys revealed significant structural complexity.
According to CEO Sam Pazuki, the company expects assay results from drill core and RC rock chips to begin arriving by mid-to-late March and continue regularly into Q2 2025.
AuMEGA Metals has completed a high-resolution airborne magnetic survey over their Hermitage Gold-Antimony Project in Newfoundland and Labrador, Canada. The survey covered 234 km² with 4,756 line-kilometres across a 27-kilometer strike length.
Key findings revealed significant geological complexity and multiple structural features that align with previous high-grade samples, including:
- Gold samples up to 7.31 g/t
- Silver samples up to 193 g/t
- Antimony (stibnite) up to 2,044 ppm
The project shows geological similarities to major gold deposits like Bendigo and Fosterville in Australia, and Windfall in Quebec. The company plans to conduct comprehensive analysis of the geophysical data and launch an inaugural diamond drill program of up to 3,000 metres in late 2025.
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