AuMEGA Metals Closes the First Tranche of Private Placement Financing
Edmonton, Alberta--(Newsfile Corp. - November 4, 2024) - AuMEGA Metals Ltd (formerly Matador Mining Ltd) (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to announce the closing of the first tranche of the previously announced financing (the "Tranche One Placement"). Under the Tranche One Placement, the Company issued an aggregate of 131,152,889 ordinary shares ("New Shares") to institutional, professional and accredited investors consisting of : (i) 9,259,259 New...
2024-11-04 6:00 AM EST
AuMEGA Completes First Pass Reconnaissance Tills Program at Intersection
Key HighlightsInaugural 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 20211Till results have identified four large areas with significant gold anomalism for future targeting, including the largest area of anomalism within the Windsor Point Group Sediments, the...
2024-10-29 6:57 PM EDT
AuMEGA Metals Announces Upsized Private Placement Financing of C$16.3 million
Key HighlightsReceived 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 structured in two tranches to accommodate heavy demand above placement capacity...
2024-10-21 8:04 PM EDT
AuMEGA Announces ASX Trading Halt to Commence a Private Placement Financing
Edmonton, Alberta--(Newsfile Corp. - October 17, 2024) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) (formerly Matador Mining Ltd) ("AuMEGA" or "the Company") has commenced the process of a private placement to...
2024-10-17 7:42 PM EDT
AuMEGA High Resolution Magnetics Reveals Significant Geological Structures at Bunker Hill
Key HighlightsHigh-resolution airborne magnetic and Very Low Frequency Electromagnetic ("VLF") 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 Hill with data materially changing the Company's understanding of...
2024-10-15 6:00 AM EDT
AuMEGA Reports 17% and 12% Copper Outcropping Samples from the Bunker Hill Project
Key HighlightsCompleted 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 (outcropping vein) contained 17.2% copper, 16.9 g/t silver, 0.41 g/t gold, 167 ppm bismuth and 5.37 ppm tellurium. Sample...
2024-09-23 5:33 PM EDT
AuMEGA Metals Extends Gold Mineralisation at Central Zone in Newfoundland
Key HighlightsStep-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 over one metre from approximately 382 metres at the top contact...
2024-09-15 12:03 PM EDT
AuMEGA Provides Hermitage Gold and Antimony Project Update
Key HighlightsProspecting 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 interprets the regional-scale North Limb Fault, previously identified by the...
2024-09-04 10:15 PM EDT
AuMEGA Appoints Rick Greenwood as Vice President of Exploration
Edmonton, Alberta--(Newsfile Corp. - September 3, 2024) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) (formerly Matador Mining Ltd) ("AuMEGA" or "the Company") 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 BackgroundRick is Professional Geologist from Newfoundland and brings over 20 years...
2024-09-03 7:00 AM EDT
AuMEGA Announces Start of Phase Two Diamond Drilling
Key HighlightsPhase two of diamond drilling has commenced with primary focus on Greenfield targets at MalachiteDrill targets at Malachite focused on large, mineralised zones identified through the highly successful winter Reverse Circulation ("RC") drill programPhase one of diamond drilling completed at the end of July 2024 with assays expected over the next couple of weeksTill survey over highly prospective Intersection Project completed recently with assays expected over the course of the...
2024-08-19 10:10 PM EDT
AuMEGA Completes Phase One of Diamond Drilling, Commences Greenfields Activities
Central ZoneFirst-ever Company activities on the Intersection Project currently underwayAirborne magnetic surveys commencing in the near-term over Bunker HillPhase two diamond drilling expected to commence in the coming weeks concentrated on the Malachite ProjectEdmonton, Alberta--(Newsfile Corp. - July 30, 2024) - AuMEGA Metals Ltd (formerly Matador Mining Ltd)...
2024-07-30 7:55 PM EDT
AuMEGA Metals: Quarterly Activities Report for the Three Months Ended 30 June 2024
HighlightsExplorationFully funded exploration program progressing to plan.Highly successful Canadian winter reverse circulation ("RC") 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 with diamond drilling.Conducted technical workshop in Newfoundland...
2024-07-29 8:00 AM EDT