AuMEGA Metals CEO on major new anomaly at Cape Ray Gold Project; next steps

Proactive - Interviews for investors

AuMEGA Metals Ltd (ASX:AAM, TSX:AUM, OTCQB:AUMMF) managing director and CEO Sam Pazuki talked with Proactive's Stephen Gunnion about recent exploration activity at the Cape Ray Gold Project in Newfoundland and Labrador, Canada. Pazuki highlighted that the company has identified a major new electromagnetic (EM) anomaly near the Central Zone, describing it as “a massive anomaly” revealed through a long-anticipated EM survey. The anomaly lies just half a kilometre from Cape Ray’s largest and highest-grade deposit and sits in an area with minimal historical exploration. The company is currently preparing for drilling, which is fully funded, and expects that results from the program could support a future resource update. AuMEGA’s last resource update was two years ago, reporting 610,000 ounces at 2 grams per tonne, based on a gold price of USD 1,750. Pazuki noted that the current estimate excludes silver, which is present in material quantities. Beyond the Central Zone target, Pazuki said the survey revealed several additional anomalies across the project, including at Cape Ray West. "We're starting to get results in from that till survey, and we hope to get that out into the market," he said, explaining how this adds another layer of data alongside the geophysics and EM results. Pazuki emphasised that most historic drilling has focused within known deposits, often at shallow depths, and the company is now expanding its exploration footprint to uncover new opportunities. For more interviews and updates, visit Proactive’s YouTube channel. Don’t forget to like the video, subscribe to the channel, and turn on notifications for future content. #AuMEGAMetals #CapeRayGoldProject #GoldExploration #MiningNews #DrillProgram #GoldDiscovery #ResourceUpdate #SilverInclusion #Geophysics #EMSurvey #JuniorMining #ProactiveInvestors