Toronto, Ontario--(Newsfile Corp. - September 6, 2024) - Sam Pazuki, Managing Director & CEO, AuMega Metals Limited (TSXV: AUM) ("AuMega Metals" or the "Company"), and his team joined Dean McPherson, Head of Global Mining, Toronto Stock Exchange, to celebrate the Company's new listing on TSX Venture Exchange and open the market.
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AuMEGA Metals Ltd (TSXV: AUM) is utilizing best-in-class exploration methodologies to explore on its district scale land package that spans 110 kilometers along the Cape Ray Shear Zone, a significant under-explored geological feature recognised as Newfoundland, Canada's largest identified gold structure. This zone currently hosts Calibre Mining's Valentine Gold Project, which is the region's largest gold deposit (+5 million ounces), along with AuMEGA's expanding Mineral Resource.
The Company is supported by a diverse shareholder registry of prominent global institutional investors, and strategic investment from B2Gold Corp, a leading, multi-million-ounce a year gold producer.
Additionally, AuMEGA holds a 27-kilometer stretch of the highly prospective Hermitage Flexure and has also secured an Option Agreement for the Blue Cove Copper Project in southeastern Newfoundland, which exhibits strong potential for copper and other base metals.
AuMEGA's Cape Ray Shear Zone hosts several dozen high potential targets along with its existing defined gold Mineral Resource of 6.1 million tonnes of ore grading an average of 2.25 g/t, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes of ore grading an average of 1.44 g/t, totaling 160,000 ounces in Inferred Resources.
MEDIA CONTACT:
Andrew Rowell
andrew@whitenoisecomms.com
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