AuMEGA Announces Commencement of its Winter Drill Program at Bunker Hill
AuMEGA Metals (OTCQB: AUMMF) has commenced its 2025 winter drill program at Bunker Hill in Newfoundland and Labrador, Canada, following a brief weather-related delay. The company has deployed two diamond drill rigs at the Nitty Gritty targets, with a Reverse Circulation (RC) drill rig on site expected to begin bottom-of-hole/basal till sampling soon.
The program plans approximately 10,000 metres of drilling, with initial focus on Nitty Gritty—site of previously reported high-grade copper and silver outcropping samples—before moving to Bunker Hill West, where historic high-grade gold samples and recent geophysical surveys revealed significant structural complexity.
According to CEO Sam Pazuki, the company expects assay results from drill core and RC rock chips to begin arriving by mid-to-late March and continue regularly into Q2 2025.
AuMEGA Metals (OTCQB: AUMMF) ha avviato il suo programma di perforazione invernale 2025 a Bunker Hill nel Newfoundland e Labrador, Canada, dopo un breve ritardo causato dal maltempo. L'azienda ha schierato due impianti di perforazione a diamante presso i target Nitty Gritty, con un impianto di perforazione a Circolazione Inversa (RC) in loco che dovrebbe iniziare presto il campionamento del fondo del foro/sedimenti basali.
Il programma prevede circa 10.000 metri di perforazione, con un focus iniziale su Nitty Gritty—sito di campioni di rame e argento ad alta legge precedentemente riportati—prima di spostarsi a Bunker Hill West, dove campioni storici di oro ad alta legge e recenti indagini geofisiche hanno rivelato una significativa complessità strutturale.
Secondo il CEO Sam Pazuki, l'azienda si aspetta che i risultati delle analisi dei campioni di perforazione e dei chips di roccia RC inizino ad arrivare entro metà-fine marzo e continuino regolarmente fino al secondo trimestre del 2025.
AuMEGA Metals (OTCQB: AUMMF) ha comenzado su programa de perforación invernal 2025 en Bunker Hill en Newfoundland y Labrador, Canadá, tras un breve retraso relacionado con el clima. La compañía ha desplegado dos equipos de perforación de diamante en los objetivos Nitty Gritty, con un equipo de perforación de Circulación Inversa (RC) en el sitio que se espera comience pronto el muestreo de fondo de pozo/sedimentos basales.
El programa planea aproximadamente 10,000 metros de perforación, con un enfoque inicial en Nitty Gritty—lugar de muestras de cobre y plata de alta ley previamente reportadas—antes de trasladarse a Bunker Hill West, donde muestras históricas de oro de alta ley y recientes encuestas geofísicas han revelado una complejidad estructural significativa.
Según el CEO Sam Pazuki, la compañía espera que los resultados de los ensayos de los núcleos de perforación y los chips de roca RC comiencen a llegar a mediados o finales de marzo y continúen regularmente hasta el segundo trimestre de 2025.
AuMEGA Metals (OTCQB: AUMMF)는 캐나다 뉴펀들랜드와 래브라도의 Bunker Hill에서 2025년 겨울 시추 프로그램을 시작했습니다. 날씨로 인한 짧은 지연 후에 시작된 것입니다. 회사는 Nitty Gritty 목표 지점에 두 대의 다이아몬드 시추 장비를 배치했으며, 현장에 있는 역순환(RC) 시추 장비는 곧 바닥 샘플링을 시작할 예정입니다.
이 프로그램은 약 10,000미터의 시추를 계획하고 있으며, 초기 초점은 이전에 보고된 고품질 구리 및 은 샘플이 있는 Nitty Gritty에 두고, 이후 역사적인 고품질 금 샘플과 최근의 지구물리학적 조사에서 중요한 구조적 복잡성이 드러난 Bunker Hill West로 이동할 예정입니다.
CEO Sam Pazuki에 따르면, 회사는 시추 코어 및 RC 암석 조각의 분석 결과가 3월 중순에서 말 사이에 도착하기 시작하여 2025년 2분기까지 정기적으로 계속될 것으로 예상하고 있습니다.
AuMEGA Metals (OTCQB: AUMMF) a lancé son programme de forage d'hiver 2025 à Bunker Hill, à Terre-Neuve-et-Labrador, Canada, après un bref retard dû aux conditions météorologiques. L'entreprise a déployé deux foreuses à diamant sur les cibles Nitty Gritty, avec une foreuse à circulation inverse (RC) sur site qui devrait bientôt commencer l'échantillonnage en bas de trou/sédiments de base.
Le programme prévoit environ 10 000 mètres de forage, avec un accent initial sur Nitty Gritty—site d'échantillons de cuivre et d'argent de haute qualité précédemment rapportés—avant de passer à Bunker Hill West, où des échantillons historiques d'or de haute qualité et des enquêtes géophysiques récentes ont révélé une complexité structurelle significative.
Selon le PDG Sam Pazuki, l'entreprise s'attend à ce que les résultats des analyses des carottes de forage et des morceaux de roche RC commencent à arriver d'ici la mi-fin mars et continuent régulièrement jusqu'au deuxième trimestre 2025.
AuMEGA Metals (OTCQB: AUMMF) hat sein Winterbohrprogramm 2025 in Bunker Hill, Neufundland und Labrador, Kanada, nach einer kurzen wetterbedingten Verzögerung gestartet. Das Unternehmen hat zwei Diamantbohranlagen an den Nitty Gritty-Zielen eingesetzt, während eine Reverse-Circulation (RC)-Bohranlage vor Ort erwartet wird, die bald mit der Probenahme am Bohrlochboden/basalem Till beginnen soll.
Das Programm plant etwa 10.000 Meter Bohrungen, mit anfänglichem Fokus auf Nitty Gritty – dem Standort zuvor berichteter hochgradiger Kupfer- und Silbervorkommen – bevor es nach Bunker Hill West weitergeht, wo historische hochgradige Goldproben und kürzliche geophysikalische Untersuchungen eine erhebliche strukturelle Komplexität offenbart haben.
Laut CEO Sam Pazuki erwartet das Unternehmen, dass die Analyseergebnisse von Bohrkernen und RC-Gesteinsproben Mitte bis Ende März eintreffen und regelmäßig bis zum 2. Quartal 2025 fortgesetzt werden.
- Commenced winter drill program with two diamond drill rigs at Bunker Hill
- Planning approximately 10,000 meters of drilling
- Targeting high-grade copper and silver outcropping samples at Nitty Gritty
- Targeting historic high-grade gold samples at Bunker Hill West
- First assay results expected by mid-to-late March 2025
- Program experienced delays due to inclement winter weather
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 ("RC") drill rig currently on site and expected to commence drilling the first bottom-of-hole / basal till sample in the near term.
Edmonton, Alberta--(Newsfile Corp. - February 25, 2025) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to announce the start of its 2025 winter drill program at Bunker Hill located along the Cape Ray / Valentine Shear in south central Newfoundland and Labrador, Canada.
AuMEGA Metal's Managing Director and CEO, Sam Pazuki commented:
"We are excited to kick-off our winter drill program at Bunker Hill. This comes following a short delay due to inclement weather that prevented the safe start-up of drilling activities. Despite the brief weather-related delay, we've adapted by launching with diamond drilling and mobilising a second rig to stay on track with our high-priority targets. RC drilling will follow soon, focusing on basal till / bottom-of-hole in key areas.
"At this stage, our winter program remains on course for approximately 10,000 metres of drilling, with final totals depending on results and weather. We are initially drilling targets at Nitty Gritty, the site of our high-grade copper and silver outcropping samples that we previously reported. Drilling will then move to Bunker Hill West, the site of historic high-grade gold samples in outcrop and where the Company's recent geophysical survey highlighted significant structural complexity. We anticipate assay results from drill core and RC rock chips to start arriving by mid-to-late March and regularly well into the second quarter of 2025 as our program progresses."
FIGURE 1: AUMEGA METALS PROJECTS OVERVIEW
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10713/242273_b9b8ae92048f4919_002full.jpg
FIGURE 2: BUNKER HILL PROPOSED DRILL PROGRAM DESIGN[1]
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10713/242273_b9b8ae92048f4919_003full.jpg
FIGURE 3: BUNKER HILL WINTER ACCESS
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10713/242273_b9b8ae92048f4919_004full.jpg
FIGURE 4: BUNKER HILL WINTER PROGRAM FIRST COLLAR
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10713/242273_b9b8ae92048f4919_005full.jpg
FIGURE 5: BUNKER HILL WINTER PROGRAM LOGISTICS
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10713/242273_b9b8ae92048f4919_006full.jpg
< END >
This announcement has been authorised for release by the Company's Board of Directors.
To learn more about the Company, please visit www.aumegametals.com, or contact:
Sam Pazuki, Managing Director & CEO
Canada Phone: +1 780 665 4925
Australia Phone: +61 8 6117 0478
Email: info@aumegametals.com
About the Company
AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) is utilising best-in-class exploration 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-kilometre 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[2].
AuMEGA acknowledges the financial support of the Junior Exploration Assistance Program, Department of Industry, Energy and Technology, Provincial Government of Newfoundland and Labrador, Canada.
Reference to Previous ASX Announcements
In relation to this news release, all data used to assess targets have been previously disclosed by the Company and referenced in previous JORC Table 1 releases. Please see announcements dated: Mineral Resource estimate announced on 30 May 2023, Bunker Hill announcements on 22 January 2025, 25 November 2024, 15 October 2024, 24 September 2024, 6 April 2023, 22 March 2023,14 April 2021 and 29 October 2020.
In relation to the Mineral Resource estimate announced on 30 May 2023, the Company confirms that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
Competent Person's Statements
The information contained in this announcement that relates to exploration results is based upon information reviewed by Mr. Rick Greenwood, P. Geo., Vice President of Exploration for AuMEGA Metals. Mr. Greenwood is a Member of the Professional Geoscientists of Ontario (PGO) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code 2012. Mr. Greenwood consents to the inclusion in the announcement of the matters based upon the information in the form and context in which it appears. to the inclusion in the announcement of the matters based upon the information in the form and context in which it appears.
[1] See news releases dated 22 January 2025, 24 November 2024, 15 October 2024, 24 September 2024, 6 April 2023, 22 March 2023,14 April 2021& 29 October 2020
[2] ASX Announcement 30 May 2023
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242273
FAQ
What is the scope of AuMEGA's winter 2025 drill program at Bunker Hill (AUMMF)?
When will AUMMF release the first assay results from the Bunker Hill winter drill program?
What caused the delay in AuMEGA's winter 2025 drill program at Bunker Hill?
What mineral targets is AUMMF focusing on in its Bunker Hill winter 2025 drill program?
How has AuMEGA (AUMMF) adapted its drilling strategy after the weather delays at Bunker Hill?
