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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
