AUMEGA Metals Ltd reports on mineral exploration across its Newfoundland portfolio, with recurring updates centered on the Cape Ray Gold Project, the Cape Ray Shear Zone and the Hermitage Flexure. The company’s news commonly covers diamond drilling, airborne electromagnetic targets, till geochemistry, geological mapping, historical core relogging and target generation across areas such as Cape Ray West, Isle aux Morts Granite, Bunker Hill, Cape Ray North, Intersection and Hermitage.
AuMEGA’s updates also discuss its established Cape Ray gold mineral resource, resource-corridor work, gold and base-metals targets, antimony indications at Hermitage, shareholder registry matters and capital-market disclosures for its ASX, TSXV and OTCQB traded securities.
AuMEGA Metals (OTCQB: AUMMF) announced registry and transfer agent changes effective 15 December 2025, moving ASX registry services from Automic Registry Services to Computershare Investor Services Pty Limited and TSXV services from Odyssey Trust Company to Computershare Investor Services Inc.
Shareholders will be able to manage holdings via Computershare's Investor Centre. The company also retained Renmark Financial Communications for North America investor outreach at up to C$9,000 per month for seven months starting 1 December 2025. Major holder B2Gold owns 10% and ~50% of shares are held by global institutions.
AuMEGA Metals (OTCQB: AUMMF) mobilised a second diamond drill rig to expand drilling at the Major EM anomaly on the Cape Ray Gold Project in Newfoundland and Labrador on November 25, 2025. The program targets a newly defined airborne EM conductor ~500 m by 1,000 m, open along strike and 500 m southeast of the company's high‑grade Central Zone deposits; this conductor has never been drill tested. Management said the program is fully funded and will drill as much as possible before the winter break. Pending assay results from Bunker Hill, Cape Ray, Isle aux Morts granite and Hermitage till surveys may generate several new drill‑ready targets.
AuMEGA Metals (OTCQB: AUMMF) has begun diamond drilling at its Cape Ray Project in Newfoundland and Labrador to test a newly defined airborne electromagnetic (EM) conductor located in the hangingwall of the Central Zone.
The conductor measures approximately 500 m by 1,000 m, lies 500 m southeast of the Company's high-grade Central Zone deposits, and has never been drill tested. A historic heavy mineral concentrate sample of 111.5 g/t Au was collected on the conductor's flank. The program is fully funded, will start with one diamond rig and can scale to a second rig, and aims to progress through the pre-Christmas field window. Additional till geochemistry results from the Isle aux Morts Granite are expected in the near term and could refine further drill locations.
AuMEGA Metals (OTCQB: AUMMF) announced the creation of a Technical Committee of the Board to strengthen strategic oversight of its exploration programs across its district-scale land position in Newfoundland and Labrador.
The Committee will include at least three directors with geological and mining expertise, will work with management and the technical team, and will liaise with strategic shareholders on exploration priorities and long-term value creation. The company also announced that Kerry Sparkes will retire from the Board effective 30 November 2025; Sparkes joined as technical advisor in June 2021 and was appointed to the Board in September 2022, most recently serving as Chair of the Remuneration and Nomination Committee.
AuMEGA Metals (OTCQB: AUMMF) reported new surficial geochemistry results at Cape Ray West, outlining a multi-kilometre gold corridor along the western contact of the Isle aux Morts Granite.
Key highlights: three coherent gold-in-till anomalies up to ~3 km in strike with peak values of 402 ppb, 118 ppb, and 113 ppb; anomalies coincide with magnetic breaks, structures and quartz veining; integration of geochemistry, EM and magnetics is underway to define drill targets; a fully funded initial drilling program is planned for Q4 2025. The Cape Ray Project hosts reported resources of 420,000 oz Indicated and 141,000 oz Inferred gold (US$1,750/oz basis).
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.