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AUMEGA Metals Ltd reports on mineral exploration across its Newfoundland portfolio, with recurring updates centered on the Cape Ray Gold Project, the Cape Ray Shear Zone and the Hermitage Flexure. The company’s news commonly covers diamond drilling, airborne electromagnetic targets, till geochemistry, geological mapping, historical core relogging and target generation across areas such as Cape Ray West, Isle aux Morts Granite, Bunker Hill, Cape Ray North, Intersection and Hermitage.
AuMEGA’s updates also discuss its established Cape Ray gold mineral resource, resource-corridor work, gold and base-metals targets, antimony indications at Hermitage, shareholder registry matters and capital-market disclosures for its ASX, TSXV and OTCQB traded securities.
AuMEGA Metals (OTCQB:AUMMF) has started its 2026 field season across its gold and critical minerals portfolio in southwestern Newfoundland and Labrador. Initial work targets the Isle aux Morts Granite, a large, underexplored intrusion with multi-kilometre gold, copper, molybdenum and bismuth geochemical signatures, with drilling planned in coming weeks.
Later in summer, AuMEGA plans mapping, sampling and drilling at Bunker Hill along the Branch Fault Corridor. According to AuMEGA, the company enters the season with a strong treasury and support from institutional and strategic shareholder B2Gold.
AuMEGA Metals (OTCQB:AUMMF) reported the results of its Annual General Meeting held on 28 May 2026 in Port Aux Basque, Newfoundland, Canada. All shareholder resolutions were passed on a poll. Details of poll results and valid proxy votes are available in accompanying documentation, in line with Listing Rule 3.13.2 and section 251AA of the Corporations Act.
AuMEGA Metals (OTCQB:AUMMF) outlines a fully funded, discovery-focused 2026 exploration program after closing a $30 million financing. The scalable plan targets ~10,000 metres of diamond drilling (up to 5,000m at Cape Ray West/Isle aux Morts Granite and up to 5,000m at Bunker Hill), plus relogging and target generation across the Cape Ray Resource Corridor.
2025 work highlighted a coherent antimony-in-till anomaly at Hermitage (peak 200 ppm Sb) and expanded drill-ready targets; 2025 EM drilling returned no significant mineral results. The company exited Blue Cove.
AuMEGA Metals (OTCQB: AUMMF) announced a brokered private placement (the "LIFE Offering") to raise up to C$10.0 million via flow-through, charity flow-through and common shares. The offering targets closing on or about March 3–4, 2026 and is subject to regulatory approvals including TSXV conditional approval.
Proceeds will fund up to 15,000 metres of drilling in Newfoundland (Cape Ray district) and exploration at Isle aux Morts Granite, Cape Ray West, Bunker Hill, Hermitage and Intersection. Agents' commission is 6.0% of gross proceeds.
AuMEGA Metals (OTCQB: AUMMF) provided a strategic update on its Cape Ray district on February 4, 2026, highlighting an established 2023 gold mineral resource and material 2025 exploration results that expanded district potential.
2023 MRE: Indicated 6.2 Mt @ 2.25 g/t Au (450,000 oz); Inferred 3.4 Mt @ 1.44 g/t Au (160,000 oz). The company is assessing a resource update incorporating higher gold prices, additional drilling, re-logged core, refined geology and possible inclusion of silver. 2025 work identified the Isle aux Morts Granite as a new, drill-ready target for 2026.
AuMEGA Metals (OTCQB: AUMMF) elevated the Isle aux Morts Granite (IMG) at Cape Ray West to a top-priority drill target after a 2025 multi-element surficial geochemistry program. A 439-sample till survey outlines large, coherent gold-in-till anomalies spatially coincident with elevated Cu, Mo, Bi and structural lineaments across an ~16 km2 intrusion adjacent to the company's existing resource corridor (6.2 Mt @ 2.25 g/t Au indicated; 3.4 Mt @ 1.44 g/t Au inferred). Seven target areas, including a ~2 km Western Corridor, were defined and ranked. Planned 2026 work includes infill till sampling, 1:5,000 mapping, channel sampling and a focused summer diamond drilling program; assay results from recent drilling and surveys are pending Q1 2026.
AuMEGA Metals (OTCQB: AUMMF) reported results from its 2025 surficial till geochemistry and mapping program at the Bunker Hill project, Cape Ray Shear Zone, Newfoundland. The 2,812-sample survey defined a multi-kilometre gold trend along the Branch Fault Corridor, a priority Bunker Hill West zone aligned with NW-SE structures, and an emerging Nitty Gritty polymetallic area with elevated Cu-Pb-Zn-Ag and historical high-grade surface samples. Re-logging identified previously unrecognised intrusions, changing the geological model. Assays from Isle aux Morts, Hermitage and Cape Ray drilling are pending in Q1 2026. The company will rank targets for focused summer 2026 diamond drilling.
AuMEGA Metals (OTCQB: AUMMF) announced registry and transfer agent changes effective 15 December 2025, moving ASX registry services from Automic Registry Services to Computershare Investor Services Pty Limited and TSXV services from Odyssey Trust Company to Computershare Investor Services Inc.
Shareholders will be able to manage holdings via Computershare's Investor Centre. The company also retained Renmark Financial Communications for North America investor outreach at up to C$9,000 per month for seven months starting 1 December 2025. Major holder B2Gold owns 10% and ~50% of shares are held by global institutions.
AuMEGA Metals (OTCQB: AUMMF) mobilised a second diamond drill rig to expand drilling at the Major EM anomaly on the Cape Ray Gold Project in Newfoundland and Labrador on November 25, 2025. The program targets a newly defined airborne EM conductor ~500 m by 1,000 m, open along strike and 500 m southeast of the company's high‑grade Central Zone deposits; this conductor has never been drill tested. Management said the program is fully funded and will drill as much as possible before the winter break. Pending assay results from Bunker Hill, Cape Ray, Isle aux Morts granite and Hermitage till surveys may generate several new drill‑ready targets.
AuMEGA Metals (OTCQB: AUMMF) has begun diamond drilling at its Cape Ray Project in Newfoundland and Labrador to test a newly defined airborne electromagnetic (EM) conductor located in the hangingwall of the Central Zone.
The conductor measures approximately 500 m by 1,000 m, lies 500 m southeast of the Company's high-grade Central Zone deposits, and has never been drill tested. A historic heavy mineral concentrate sample of 111.5 g/t Au was collected on the conductor's flank. The program is fully funded, will start with one diamond rig and can scale to a second rig, and aims to progress through the pre-Christmas field window. Additional till geochemistry results from the Isle aux Morts Granite are expected in the near term and could refine further drill locations.