AuMega Metals is pleased to announce that at the Company's Special Shareholder Meeting held on 4 Dec 2024, the shareholders adopted an amended and restated equity incentive plan which has a 10% rolling stock option component and a fixed share unit components reserving an aggregate of 65,732,263 shares for issuance. Shareholder approval of the Plan must be obtained annually at the Company's Annual General Meeting. In [...]
AuMega Metals Ltd. is pleased to announce the closing of the second and final closing of its previously announced financing following shareholder approval at the Company's Special Shareholder Meeting on 4 December 2024. Under the Tranche Two Placement, the Company issued an aggregate of 128,035,776 ordinary shares to institutional, professional and accredited investors for aggregate gross proceeds of C$7.3 million [...]
Key Highlights Limited till program at Bunker Hill West delivered significant gold-in-till anomalies including 148 ppb and 94 ppb gold, nearly 40 times the crustal abundance level. Gold-in-till anomalism at Bunker Hill represents a large geochemical footprint surrounding historical outcrop samples grading upwards of 18.67g/t gold, 35.3g/t silver and 4.2% lead1. Gold-in-till anomalism at Bunker Hill correlates with [...]
AuMega Metals Ltd. is pleased to announce the closing of the first tranche of the previously announced financing . Under the Tranche One Placement, the Company issued an aggregate of 131,152,889 ordinary shares to institutional, professional and accredited investors consisting of : 9,259,259 New Shares at a price of C$0.050/A$0.054 per share; and 121,893,630 New Shares which constitute "flow-through shares" as defined in [...]
Key Highlights Inaugural reconnaissance till program over Intersection Project has yielded several priority follow-up targets. A total of 914 samples were collected over a survey area of 15 kilometres x 7 kilometres, representing the largest surficial geochemistry program completed by the Company since 20211 Till results have identified four large areas with significant gold anomalism for future targeting, including the [...]
Key Highlights Received commitments of approximately C$16.3 million through a private placement financing utilising flow-through share provisions available under Canadian tax law and traditional hard dollar placement to institutions and accredited investors. Received very strong demand from new, global institutional investors and existing shareholders including B2Gold Corp. who increased their ownership. Financing [...]
Note: The Company's securities have been placed in trading halt on the ASX, pending release of a subsequent announcement regarding the outcome of the private placement expected before market open on Tuesday, 29 October 2024 / Monday, 28 October 2024 AuMega Metals Ltd. has commenced the process of a private placement to raise gross proceeds of up to $10 million. The private placement is expected to be priced in the context [...]
Key Highlights High-resolution airborne magnetic and Very Low Frequency Electromagnetic geophysical survey completed over Bunker Hill, covering an area of approximately 170 km2 consisting of 3,140 line-kilometres. Preliminary magnetic data received with finalisation underway and expected before the end of the year. The survey reveals significant geological complexity across the entire 25-kilometre strike length of Bunker [...]
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 contained 17.2% copper, 16.9 g/t silver, 0.41 [...]
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 [...]
Key Highlights Prospecting and mapping currently underway at the Hermitage Gold and Antimony Project. This recent prospecting work has identified several large areas of hydrothermal alteration that host quartz-dominated hydrothermal breccias with relatively chaotic hydrothermal breccias transitioning to breccia veins containing angular wall-rock clasts away from the fault strands1. Recent mapping and data analysis [...]
AuMega Metals Ltd. is pleased to announce the appointment of a highly experienced and well-respected exploration geologist, Rick Greenwood as the Company's new Vice President of Exploration. Rick's start date is expected to be 1 October 2024. Rick Greenwood's Background Rick is Professional Geologist from Newfoundland and brings over 20 years of Canadian gold exploration experience, most recently as Exploration Manager [...]
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