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AuMEGA Metals Ltd (ASX:AAM)

ALERT: Price-sensitive ASX Announcement for AAM
Current share price for AAM : $0.040 0.005 (14.29%)+
Announcement
Release
28 Jul 2026 9:02AM
Price at Release
$0.035
Full Release
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Summary
AuMEGA Metals Ltd has commenced its inaugural diamond drilling program at the Isle aux Morts Granite and Cape Ray West, located in Newfoundland and Labrador, Canada. This marks the beginning of the company's 2026 exploration initiative targeting previously undrilled areas within the Cape Ray Shear Zone. The exploration is based on identifying structural, geochemical, and geophysical targets. The program aims to explore new geological concepts in these underexplored regions, and subsequent drilling is planned for Bunker Hill later in the summer. This development is a strategic step in AuMEGA's goal to make significant discoveries in the area.
Key Points
  • Diamond drilling has commenced at the Isle aux Morts Granite.
  • The inaugural drilling targets the Cape Ray Shear Zone in Canada.
  • Exploration focuses on geologically defined targets with no prior drilling.
  • Drilling program expected to continue at Bunker Hill in 2026.
  • Initiative aims to explore new geological concepts in underexplored regions.
  • AuMEGA aims for major discoveries in Newfoundland through systematic exploration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.