AuMega Metals Ltd.

Key Highlights Commenced with diamond drilling at Nitty Gritty targets with two diamond drill rigs. Drilling commences following a short delay related to inclement winter weather in Newfoundland and Labrador. Reverse Circulation drill rig currently on site and expected to commence drilling the first bottom-of-hole / basal till sample in the near term. AuMega Metals Ltd. is pleased to announce the start of its 2025 winter [...]

Key Highlights High-resolution Airborne Magnetic geophysical survey completed over the Hermitage Gold-Antimony Project , covering an area of approximately 234 km2 consisting of 4,756 line-kilometres. Results demonstrate significant geological complexity across the entire 27-kilometre strike length with several second-order and third-order faults throughout the Project area. Large geological structures align with the [...]

Highlights Exploration Subsequent to the year end, announced plans for a major exploration in 2025 that includes total drilling of approximately 20,000 metres including a 10,000 metre drill program at Bunker Hill in the first quarter and drill programs planned for Cape Ray and Hermitage. High-resolution airborne magnetic and Very Low Frequency Electromagnetic geophysical survey completed over Bunker Hill, covering an area [...]

Key Highlights EXPANSIVE EXPLORATION PROGRAM: Major drill programs on highly prospective projects, with focus on Bunker Hill. FULLY FUNDED: Well-supported financing of approximately C$16 million raised in late 2024. LARGEST DRILL PROGRAM SINCE 2021: Approximately 13,000 metres of diamond drilling and 7,000 metres of Reverse Circulation Bottom-of-Hole planned. Approximately 10,000 to 12,000 metres of planned winter [...]

AuMega Metals is pleased to announce that at the Company's Special Shareholder Meeting held on 4 Dec 2024, the shareholders adopted an amended and restated equity incentive plan which has a 10% rolling stock option component and a fixed share unit components reserving an aggregate of 65,732,263 shares for issuance. Shareholder approval of the Plan must be obtained annually at the Company's Annual General Meeting. In [...]

AuMega Metals Ltd. is pleased to announce the closing of the second and final closing of its previously announced financing following shareholder approval at the Company's Special Shareholder Meeting on 4 December 2024. Under the Tranche Two Placement, the Company issued an aggregate of 128,035,776 ordinary shares to institutional, professional and accredited investors for aggregate gross proceeds of C$7.3 million [...]

Key Highlights Limited till program at Bunker Hill West delivered significant gold-in-till anomalies including 148 ppb and 94 ppb gold, nearly 40 times the crustal abundance level. Gold-in-till anomalism at Bunker Hill represents a large geochemical footprint surrounding historical outcrop samples grading upwards of 18.67g/t gold, 35.3g/t silver and 4.2% lead1. Gold-in-till anomalism at Bunker Hill correlates with [...]

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 121,893,630 New Shares which constitute "flow-through shares" as defined in [...]

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 areas with significant gold anomalism for future targeting, including the [...]

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 [...]