Core Viewpoint - AuMEGA Metals Ltd has established a Technical Committee to enhance strategic oversight of its exploration programs in Newfoundland and Labrador, Canada [1][2]. Group 1: Technical Committee Formation - The Technical Committee will consist of at least three Directors with significant geological and mining expertise [2]. - The Committee will collaborate closely with management and the technical team, and will act as a liaison with key strategic shareholders to align on exploration priorities and long-term value creation [2]. Group 2: Board Changes - Mr. Kerry Sparkes will retire from the Board effective November 30, 2025, to focus on personal commitments [2]. - Sparkes joined AuMEGA as a technical advisor in June 2021 and was appointed to the Board in September 2022, playing a crucial role in shaping the exploration strategy [3]. Group 3: Company Overview - AuMEGA Metals Ltd is focused on exploring its district-scale land package along the Cape Ray Shear Zone, recognized as Newfoundland's largest identified gold structure [5]. - The Cape Ray Shear Zone hosts several high-potential targets and has an existing defined gold Mineral Resource of 6.1 million tonnes grading an average of 2.25 g/t, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes grading an average of 1.44 g/t, totaling 160,000 ounces in Inferred Resources [7]. Group 4: Strategic Partnerships - The company is supported by a diverse shareholder registry, including strategic investment from B2Gold Corp, a significant intermediate gold producer [6]. - AuMEGA also holds a 27-kilometre stretch of the Hermitage Flexure and has secured an Option Agreement for the Blue Cove Copper Project, which shows strong potential for copper and other base metals [6].
AuMEGA Metals Announces Technical Committee and Board Member Retirement