AUS
NZ
UK
CA
USA
IND
AuMega Metals Extends Gold Mineralisation
AuMega Metals Ltd (ASX:AAM) has successfully extended the gold mineralisation at its Central Zone within the Cape Ray Shear Zone (CRSZ) in Canada. The company has been advancing its diamond drilling program to explore new structural targets within this promising region.
Significant Drilling Results
Recent step-out drilling efforts in the Central Zone have expanded the project’s mineralisation down-plunge from previously identified high-grade mineral resources in Zones 04 and 41.
In Zone 04, drilling produced an intercept of 3.62 grams per tonne (g/t) gold over seven metres from a depth of 522 metres. This result included a notable sub-intercept of 19.7 g/t gold and 1.6% copper over one metre.
Similarly, Zone 41 drilling results included an intercept of 1.94 g/t gold over 7.5 metres from 301 metres and 5.74 g/t gold over one metre from approximately 382 metres. The latter intercept was found at the top contact of another target, the Window Glass Hill Granite (WGHG), which is part of AuMega’s exploration strategy.
Drilling Program Overview
The Central Zone drilling program consisted of eight holes drilled over a total of 1,900 metres at the CRSZ project, located in Newfoundland and Labrador. This drilling effort has intersected the WGHG in the footwall of the Z04 and Z41 deposits, further extending the mineralised structure.
Insights from the Drilling Program
Managing Director and CEO Sam Pazuki commented on the first phase of the diamond drilling program, noting its potential for mineral resource growth in previously untested areas within the resource corridor.
"Two drill holes completed at Central Zone have demonstrated a down-plunge extension of approximately 100 metres in both the Z04 and Z41 high-grade shoots," Pazuki stated.
He also highlighted that there is still 250 metres of plunge depth on the Z41 high-grade shoot yet to be explored, while the Z04 remains open at depth. The intersected WGHG has been identified as dyke-like intrusions in the footwall of the main deposits, adding further interest to the exploration.
Drillhole CRD380’s result of 5.74 g/t gold over one metre at the top contact of the WGHG provides additional confirmation of the potential for mineralisation associated with this horizon.
AuMega Metals continues to advance its exploration efforts at the Cape Ray Shear Zone, with ongoing drilling expected to further define and expand the gold mineralisation within this highly prospective area.
