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 [...]
Key Highlights Phase two of diamond drilling has commenced with primary focus on Greenfield targets at Malachite Drill targets at Malachite focused on large, mineralised zones identified through the highly successful winter Reverse Circulation drill program Phase one of diamond drilling completed at the end of July 2024 with assays expected over the next couple of weeks Till survey over highly prospective Intersection [...]
Key Highlights First phase of 2024 diamond drilling completed in the resource corridor Approximately 1,900 metres of diamond drilling completed with assays pending Final diamond drill hole completed was deepest ever drill hole at Central Zone First-ever Company activities on the Intersection Project currently underway Airborne magnetic surveys commencing in the near-term over Bunker Hill Phase two diamond drilling [...]
Highlights Exploration Fully funded exploration program progressing to plan. Highly successful Canadian winter reverse circulation drilling program defined three large, mineralised zones, including O-2 West at Malachite which delivered a several mineralised holes including 627 ppb gold and 1.99% copper from six metres, with diamond drilling now planned. Also defined a 1.2 km anomalous trend at O-2 East to be followed up [...]
Key Highlights Comprehensive technical workshop led by world-renowned structural geologist Brett Davis. Several new targets identified on the district-scale land package along both the Cape Ray Shear Zone and Hermitage Flexure. A total of 37 targets in various stages defined and added to project portfolio. Target ranking in progress with proposed work programs being developed ahead of prioritisation. Phase one diamond [...]
Key Highlights New Toronto Venture Stock Exchange listing will complement existing primary listing on the Australian Securities Exchange . Trading on the TSXV expected to commence effective 26 June 2024 under the trading symbol "AUM" There is no new issuance of shares in connection with the TSXV listing AuMEGA shares will be fully fungible, allowing shareholders to move shares between exchanges. Leveraging inherent [...]
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