AuMEGA Defines New Multi-Kilometre Gold Corridor at Cape Ray West

Core Insights - AuMEGA Metals Ltd has reported significant results from its surficial geochemistry program at Cape Ray West, indicating the presence of multiple high-grade gold-in-till anomalies and defining a new multi-kilometre gold corridor [2][3][4] Exploration Results - The program has identified three large coherent gold-in-till anomalies, with the highest peak value recorded at 402 parts per billion (ppb) gold-in-till, extending up to approximately three kilometres [6] - The anomalies are associated with the Isle aux Morts Granite, which has not been drill tested, representing a new discovery opportunity [3][15] - The integration of geochemical, geophysical, and structural datasets is ongoing to define priority drill targets, with drilling planned for Q4 2025 [6][26] Project Overview - The Cape Ray Project currently hosts 420,000 ounces of gold in Indicated Resources and 141,000 ounces in Inferred Resources, based on a gold price of US$1,750 per ounce [8] - AuMEGA's exploration strategy combines modern datasets with historical geological information to enhance discovery potential across its district-scale land package [9][10] Future Plans - The company is fully funded for the upcoming drilling program and is currently awaiting assay results from additional sampling conducted over the Isle aux Morts Granite [26][24] - A broader till survey and geological mapping have been completed, with samples dispatched for laboratory analysis [24][26]