Target(US:TGT) TMX Newsfile·2026-01-15 12:00Core Insights - AuMEGA Metals Ltd has identified the Isle aux Morts Granite (IMG) as a high-priority drill target for the 2026 field season following favorable results from a multi-element surficial geochemistry interpretation [2][3] - The IMG is a large, underexplored felsic intrusion adjacent to the company's existing resource corridor, which currently hosts a defined gold Mineral Resource of 6.2 million tonnes grading 2.25 g/t gold for 450,000 ounces of Indicated Resources, and 3.4 million tonnes grading 1.44 g/t gold for 160,000 ounces of Inferred Resources [3][34] - The reinterpretation of the IMG suggests it may represent a previously unrecognized and potentially fertile mineral system, changing the exploration potential of this area [4][22] Geochemical Findings - The surficial geochemistry program involved the collection of 439 till samples across a survey grid, revealing large, coherent gold-in-till anomalies that are spatially related to geophysical lineaments [10][11] - Strong multi-element geochemical coherence was observed, with gold anomalies coinciding with elevated copper, molybdenum, and bismuth, indicating a potentially fertile gold and/or copper system [6][21] - The till material collected is homogeneous and suggests a proximal bedrock source for the geochemical responses, supporting the interpretation of structural control over mineralization [12][22] Target Areas and Future Plans - Seven target areas have been defined across the Cape Ray West area, with the Western Corridor identified as a significant target due to its geological setting and strong gold-in-till anomalism [15][16][29] - The company plans to extend surficial geochemistry coverage and geological mapping across the IMG, along with a focused diamond drilling program in summer 2026 to test high-conviction targets [29][34] - Assays from ongoing drilling and geochemical surveys are expected in the first quarter of 2026, which will further inform the exploration strategy [6][29]