AuMEGA Announces Strategic Expansion of Bunker Hill, Winter Program Update and Multigram Gold from Blue Cove
AuMEGA Metals (AUMMF) has provided updates on its 2025 winter drilling program at the Bunker Hill Project, which is nearing completion on April 22, 2025. The company has completed approximately 3,600 metres of combined diamond and RC drilling, including 12 diamond drill holes and 147 RC holes.
Key developments include:
- Strategic expansion of Bunker Hill through new claims staking, adding 43 km² to the project area
- Plans to resume diamond drilling in July 2025 with a target of up to 10,000 metres
- Discovery of highest-ever gold assay (2.57 g/t Au) at the Blue Cove Project during first-pass prospecting
- Upcoming exploration at Cape Ray targeting undrilled zones at Central Zone SW and Cape Ray West
Initial assay results from the winter drilling program are expected shortly, with consistent news flow to follow. The company's early completion of the winter program was due to mild weather conditions, with plans to utilize existing winter camp infrastructure for summer exploration initiatives.
AuMEGA Metals (AUMMF) ha fornito aggiornamenti sul suo programma di perforazione invernale 2025 presso il Progetto Bunker Hill, che si avvicina alla conclusione il 22 aprile 2025. L'azienda ha completato circa 3.600 metri di perforazione combinata con diamante e RC, inclusi 12 fori di perforazione con diamante e 147 fori RC.
Sviluppi chiave includono:
- Espansione strategica di Bunker Hill attraverso nuove rivendicazioni, aggiungendo 43 km² all'area del progetto
- Piani per riprendere la perforazione con diamante a luglio 2025 con un obiettivo di fino a 10.000 metri
- Scoperta del più alto assaggio d'oro mai registrato (2,57 g/t Au) presso il Progetto Blue Cove durante la prospezione iniziale
- Prossima esplorazione a Cape Ray con obiettivo di aree non perforate nella Zona Centrale SW e Cape Ray West
I risultati iniziali delle analisi del programma di perforazione invernale sono attesi a breve, con un flusso costante di notizie in arrivo. Il completamento anticipato del programma invernale da parte dell'azienda è stato dovuto a condizioni meteorologiche miti, con piani di utilizzare l'infrastruttura del campo invernale esistente per iniziative di esplorazione estive.
AuMEGA Metals (AUMMF) ha proporcionado actualizaciones sobre su programa de perforación invernal 2025 en el Proyecto Bunker Hill, que está cerca de completarse el 22 de abril de 2025. La empresa ha completado aproximadamente 3,600 metros de perforación combinada con diamante y RC, incluyendo 12 agujeros de perforación de diamante y 147 agujeros RC.
Los desarrollos clave incluyen:
- Expansión estratégica de Bunker Hill mediante nuevas reclamaciones, añadiendo 43 km² al área del proyecto
- Planes para reanudar la perforación de diamante en julio de 2025 con un objetivo de hasta 10,000 metros
- Descubrimiento del mayor ensayo de oro registrado (2.57 g/t Au) en el Proyecto Blue Cove durante la prospección inicial
- Próxima exploración en Cape Ray dirigida a zonas no perforadas en la Zona Central SW y Cape Ray West
Se esperan pronto los resultados iniciales de los ensayos del programa de perforación invernal, con un flujo constante de noticias por venir. La finalización anticipada del programa invernal por parte de la empresa se debió a condiciones climáticas suaves, con planes de utilizar la infraestructura del campamento invernal existente para iniciativas de exploración de verano.
AuMEGA Metals (AUMMF)는 벙커 힐 프로젝트의 2025년 겨울 드릴링 프로그램에 대한 업데이트를 제공하였으며, 이는 2025년 4월 22일 완료될 예정입니다. 이 회사는 다이아몬드 및 RC 드릴링을 통해 약 3,600미터를 완료했으며, 여기에는 12개의 다이아몬드 드릴 홀과 147개의 RC 홀이 포함됩니다.
주요 발전 사항은 다음과 같습니다:
- 새로운 청구권 스테이킹을 통한 벙커 힐의 전략적 확장, 프로젝트 지역에 43 km² 추가
- 2025년 7월 다이아몬드 드릴링 재개 계획, 최대 10,000미터 목표
- 첫 번째 탐사에서 Blue Cove 프로젝트에서 역대 최고 금 분석 결과(2.57 g/t Au) 발견
- 중앙 지역 SW 및 Cape Ray West의 미개발 구역을 목표로 하는 Cape Ray에서의 향후 탐사
겨울 드릴링 프로그램의 초기 분석 결과는 곧 발표될 예정이며, 지속적인 뉴스 흐름이 있을 것입니다. 회사의 겨울 프로그램 조기 완료는 온화한 기상 조건 덕분이며, 여름 탐사 계획을 위해 기존 겨울 캠프 인프라를 활용할 계획입니다.
AuMEGA Metals (AUMMF) a fourni des mises à jour sur son programme de forage hivernal 2025 au Projet Bunker Hill, qui approche de son achèvement le 22 avril 2025. L'entreprise a complété environ 3 600 mètres de forage combiné diamant et RC, y compris 12 trous de forage diamant et 147 trous RC.
Les développements clés incluent:
- Expansion stratégique de Bunker Hill par de nouvelles revendications, ajoutant 43 km² à la zone du projet
- Plans pour reprendre le forage diamant en juillet 2025 avec un objectif allant jusqu'à 10 000 mètres
- Découverte de l'analyse d'or la plus élevée jamais enregistrée (2,57 g/t Au) au Projet Blue Cove lors de la prospection initiale
- Exploration à venir à Cape Ray ciblant des zones non forées dans la Zone Centrale SW et Cape Ray Ouest
Les premiers résultats d'analyse du programme de forage hivernal sont attendus sous peu, avec un flux constant de nouvelles à suivre. L'achèvement anticipé du programme hivernal par l'entreprise était dû à des conditions météorologiques douces, avec des plans pour utiliser l'infrastructure existante du camp d'hiver pour les initiatives d'exploration estivales.
AuMEGA Metals (AUMMF) hat Updates zu seinem Winterbohrprogramm 2025 beim Bunker Hill Projekt bereitgestellt, das am 22. April 2025 kurz vor dem Abschluss steht. Das Unternehmen hat etwa 3.600 Meter kombinierte Diamant- und RC-Bohrungen abgeschlossen, darunter 12 Diamantbohrlöcher und 147 RC-Bohrlöcher.
Wesentliche Entwicklungen umfassen:
- Strategische Erweiterung von Bunker Hill durch neue Anspruchsanmeldungen, die 43 km² zur Projektfläche hinzufügen
- Pläne zur Wiederaufnahme der Diamantbohrungen im Juli 2025 mit einem Ziel von bis zu 10.000 Metern
- Entdeckung der höchsten Goldanalyse aller Zeiten (2,57 g/t Au) im Blue Cove Projekt während der Erstprospektion
- Bevorstehende Exploration in Cape Ray mit dem Ziel, unbohrte Zonen in der Central Zone SW und Cape Ray West zu erkunden
Die ersten Analyseergebnisse aus dem Winterbohrprogramm werden in Kürze erwartet, gefolgt von einem kontinuierlichen Nachrichtenfluss. Der vorzeitige Abschluss des Winterprogramms durch das Unternehmen war auf milde Wetterbedingungen zurückzuführen, wobei geplant ist, die bestehende Infrastruktur des Winterlagers für Sommerexplorationsinitiativen zu nutzen.
- Strategic expansion with 173 new claims (43 km²) providing full strike extent of primary shear zone
- Record-high gold assay of 2.57 g/t Au discovered at Blue Cove Project
- Completed 3,600 metres of drilling with 12 diamond and 147 RC holes
- Planned expansion to 10,000 metres of drilling in summer 2025
- Early termination of winter drilling program due to weather conditions
- Unable to drill high-priority Bunker Hill West target during winter program
- Unable to complete planned full winter drill program
Key Highlights
Bunker Hill Winter Drilling Nearing Completion: ~3,600 metres drill to-date; program wraps up 22 April 2025.
Bunker Hill Summer to Resume in July: Diamond drilling to restart with the goal of completing up to 10,000 metres.
Bunker Hill Winter Assays Pending: Results from winter RC and diamond drilling expected shortly, with consistent news flow to follow.
Strategic Bunker Hill Project Expansion: New claims staked south of Bunker Hill provide full strike extent of primary shear zone.
Cape Ray Spring and Summer Exploration: Exploration to target undrilled zones at Central Zone SW and Cape Ray West.
Blue Cove Gold Sample: Highest-ever gold assay (2.57 g/t Au) recorded during first-pass prospecting.
District-Scale Upside: Multiple underexplored targets across a highly prospective land package.
Edmonton, Calgary--(Newsfile Corp. - April 10, 2025) - AuMEGA Metals Ltd. (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to provide a project update as its 2025 winter drill program at the Bunker Hill Project approaches completion. The Company also reports a significant gold sample from early-stage work at its Blue Cove Project, underscoring the untapped potential across its growing Newfoundland portfolio.
AuMEGA Metal's Managing Director and CEO, Sam Pazuki, commented:
"Bunker Hill is a top-tier priority project for the Company. For the winter program to-date, we drilled approximately 3,600 metres of combined diamond and RC drilling at Nitty Gritty and a broad area located between Nitty Grity and Bunker Hill West. To-date, we have drilled 12 diamond drill holes while continuing the drilling. Five of these holes were located in Nitty Gritty and just under 150 RC holes have been completed. While we didn't complete the full winter drill program due to early seasonal changes and early inclement weather conditions, what we have achieved merely scratches the surface of the potential we continue to see at Bunker Hill. During the program, I was pleased to see that we demonstrated proof of concept as one diamond drill remained dynamic by moving to areas of interest identified by the RC drilling. This included an area approximately four kilometres away from the high-priority Bunker Hill West.
"Once the winter program at Bunker Hill is complete, we will be ready to return there in July 2025 to complete as much of the remaining program as possible and depending on results and weather conditions, potentially more. Bunker Hill is a vast area with a significant amount of ground still left to explore. Assay results from the initial winter drilling are expected shortly, with a steady stream of results to follow.
"We are also pleased to announce the strategic expansion of the Bunker Hill project area by staking the mineral claims south of the project boundary. The Company identified these claims as high priority following the technical workshop we completed with Brett Davis, B2Gold and our team in July of 2024. These claims provide the business with the full strike extent of the primary Cape Ray / Valentine Lake Shear at Bunker Hill and specifically in an area that we regard as highly prospective given key geological formations that may be conducive to support large deposit formations.
"Beyond Bunker Hill, we're excited to ramp up exploration at Cape Ray later this May. Our program includes prospecting, geophysics, and drilling across previously undrilled zones, including the southwest extension of the Central Zone and Cape Ray West. These are underexplored areas within the highly prospective Windsor Point Group, the same geology that hosts our existing high-grade mineral resource.
"Finally, our first pass prospecting at Blue Cove has already delivered a milestone by returning the highest gold grade ever recorded on the property. It's a strong early signal, and we're planning follow-up work later this year, including focused exploration around the site of the project's highest-grade copper samples.
"We remain confident in the exceptional prospectivity of our land package - confidence that is echoed by growing interest from major gold companies across the belt. This momentum began with B2Gold's landmark investment in 2022 - their first in Canada - and their continued participation in subsequent financings. It has since expanded to include a joint venture by Eldorado Gold adjacent to our property1, and most recently, Calibre Mining's acquisition of Marathon Gold and announced merger with Equinox Gold2. Together, we see these moves as strong signals of increasing recognition of the region as an emerging gold district."
FIGURE 1: AUMEGA METALS BUNKER HILL PROJECT.
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Bunker Hill Project Update
The 2025 winter drill program at Bunker Hill will conclude on 22 April 2025, with equipment demobilisation already underway due to earlier-than-anticipated mild weather conditions. At its peak, operations included two diamond drill rigs and one RC rig. Currently, one diamond drill rig remains active at the Bunker Hill site.
Despite weather-related challenges shortening the planned drilling program, the Company successfully completed 12 diamond drill holes, primarily focused on the Nitty Gritty target, and 147 RC holes in the areas between Nitty Gritty and Bunker Hill West. In total, nearly 3,600 metres of drilling have been achieved.
Diamond drilling activities are scheduled to resume at Bunker Hill in July 2025, with the objective of completing the originally targeted drilling metres. The Company was unable to drill the high priority Bunker Hill West target and plans to do so when drilling activities resume. The Company will also capitalize on the existing winter camp infrastructure to advance additional exploration initiatives during the summer months.
Samples from numerous RC holes and initial diamond drill holes have already been submitted to the laboratory for fire assay analysis. Initial assay results are anticipated shortly, with a steady flow of additional results expected over the subsequent weeks.
FIGURE 2: BUNKER HILL DRILL PROGRAM3.
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Bunker Hill Mineral Claims Acquired
The Company expanded the Bunker Hill Project area footprint by strategically staking claims that recently became available for staking. These claims were identified by the Company and its external experts as highly prospective. These claims provide the Company with the full strike extent of the primary structure, adds a larger area of influence around its claims and also encapsulates a number of north-south trending, cross cutting brittle structures identified in the high-resolution geophysics completed by the Company in 20244.
In total, the Company staked 173 claims on 8 April 2025, incorporating 43 km2 on the southern margin of the Bunker Hill project area.
FIGURE 3: RECENTLY STAKED CLAIMS AT BUNKER HILL. IMAGE IS REDUCED TO POLE AIRBORNE MAGNETICS.
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Blue Cove Prospecting
At the end of 2024, the Company completed a limited yet broad reconnaissance prospecting program on the optioned Blue Cove Project, located on the Burin Peninsula, Newfoundland. Blue Cove is another large project area with a strike length of approximately 25 kilometres.
A total of 22 rock samples were collected, with assay results that range from trace up to a peak gold value of 2.57 g/t (MR001961). This specific sample was collected from a previously unsampled and unexplored area of the property, marking the highest gold assay ever recorded at Blue Cove.
In addition to this highlight, Sample MR001953 returned 302 ppb gold from the northeastern tip of the claims. Both samples were taken from quartz veins measuring 1 to 1.5 metres in width, hosted within mafic volcanic rocks. The widespread veining observed in these central outcrops is highly encouraging and underscores the potential for broader mineralisation across the project area.
Due to access limitations, the Company was unable to sample the historic Blue Cove copper-silver showing during this program - an area where past samples returned grades of up to
FIGURE 4: BLUE COVE PROSPECTING SAMPLE LOCATION6.
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Next Steps
Drilling at Bunker Hill will continue until demobilization ahead of the 22 April 2025 project completion. With assays pending, the Company is steadily delivering additional core samples to the lab, with results expected in the coming weeks. Once received, results will be analyzed to inform the next phase of exploration, with drilling set to resume at Bunker Hill in July 2025.
Through the remainder of April, the Company will focus on analyzing data and finalizing detailed plans for its spring and summer exploration programs. Fieldwork at the Cape Ray Project is expected to begin in May 2025, potentially including RC drilling, with diamond drilling targeted to commence in June.
< END >
This announcement has been authorised for release by the Company's Board of Directors.
This release aligns with the requirements of the National Instrument 43-101. A JORC Table 1 is not required under National Instrument 43-101. The Company has included a JORC Table 1 in the ASX version of the news release which can be found on the ASX website at www.asx.com.au or AuMEGA Metal's website at www.aumegametals.com.
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 Resources7.
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 Tru Precious Metals News Release dated 30 July 2024
2 Calibre Mining News Releases dated 13 November 2023 and 23 February 2025
3 Refer news releases dated 15 October 2024, 6 April 2023, 22 March 2023 and 14 April 2021
4 Refer news release dated 24 October 2024
5 Refer News release dated 1 May 2024
6 Refer news release dated 1 May 2024
7 ASX Announcement 30 May 2023
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248045
FAQ
What are the key results from AUMMF's 2025 winter drilling program at Bunker Hill?
How many new claims did AUMMF stake in the Bunker Hill expansion?
What is the significance of the Blue Cove gold sample for AUMMF?
When will AUMMF resume drilling operations at Bunker Hill?
What are AUMMF's exploration plans for Cape Ray in 2025?
