AuMEGA Metals discovers multi-kilometre gold corridor at Cape Ray West, sets Q4 drill targets

Proactive - Interviews for investors

AuMEGA Metals CEO Sam Pazuki joined Steve Darling from Proactive to discuss exciting results from the company’s recently completed surficial geochemistry program at Cape Ray West, part of the flagship Cape Ray Gold Project in southwestern Newfoundland. The program marks a major step in expanding exploration into previously untested ground west of the current resource corridor and has outlined multiple high-grade gold-in-till anomalies, pointing to the discovery of a new multi-kilometre gold corridor along the western contact of the Isle aux Morts Granite — a large, underexplored intrusive complex that has never before been drill tested. Pazuki highlighted that the team identified multiple >99th percentile gold values, defining three large, coherent anomalies extending up to three kilometres in strike, with a peak value of 402 ppb gold-in-till. These anomalies are spatially associated with a network of cross-cutting structures within the Isle aux Morts Granite. The gold-in-till results also align closely with magnetic breaks and mapped geological structures, creating a strong multi-layered anomaly signature that reinforces the area’s potential as a new discovery frontier at Cape Ray. Integration of geochemical, geophysical, and structural datasets is now underway to refine and prioritize drill targets, with a fully funded drill program planned to begin this year. Pazuki added that additional assay results are forthcoming from sampling conducted over a major airborne electromagnetic anomaly southeast of the Central Zone and across the Isle aux Morts Granite, which could further expand the project’s mineralized footprint. #proactiveinvestors #aumegametals #tsxv #aam #otcqb #aummf #GoldExploration #AuMEGAMetals #CapeRayProject #NewfoundlandMining #JuniorMining #GoldStocks #MiningNews #GoldDrilling #ExplorationUpdate #EquinoxGold #B2Gold #EldoradoGold #ResourceInvesting