Key facts
| Company | AuMEGA Metals (TSXV: AUM) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About Blue Cove
In May 2024, AuMEGA announced that it has entered into a low cost Option Agreement to acquire the Blue Cove Copper Project (“Blue Cove”) located in southeastern Newfoundland, Canada. Blue Cove is an early-stage, copper ± lead, zinc and silver exploration project with samples that graded up to 10.6% copper and up to 106 g/t silver in historic sampling.
News releases12 on file
Managements Discussion and Analysis (March Quarterly Report)
Quarterly results for the period ended March 31, 2026 show a net loss of $1.3 million, versus $2.9 million a year earlier, with exploration and evaluation expenditure of $0.7 million and a cash balance of approximately $6.2 million. The $30.1 million financing announced in February 2026 closed in two tranches, $5.4 million on 5 March 2026 and $24.7 million on 15 April 2026, with Condire Investors
CorporateAuMEGA Metals Provides Exploration Update
A fully funded 2026 exploration program of approximately 10,000 metres of diamond drilling is planned along the Cape Ray Shear Zone in Newfoundland, Canada, including up to 5,000 metres at Cape Ray West / Isle aux Morts Granite, where drilling will begin, and up to 5,000 metres at Bunker Hill, following a $30 million financing. At Hermitage, 891 till samples returned up to 200 ppm antimony over an
Drill resultsQuarterly Activities/Appendix 5B Cash Flow Report
The 2025 winter drill program at Bunker Hill in Newfoundland concluded on 22 April 2025 after 14 diamond holes and 147 short RC holes totalling nearly 5,000 metres, with assays pending; diamond drilling resumes in July 2025 targeting up to 10,000 metres. The company staked 173 mineral claims covering an additional 43 km² on 8 April 2025, and first-pass prospecting at Blue Cove returned 2.57 g/t go
CorporateAuMEGA Announces Bunker Hill and Blue Cove Updates
The 2025 winter drill program at the Bunker Hill Project in Newfoundland will conclude on 22 April 2025, with approximately 3,600 metres completed to date across 12 diamond drill holes and 147 RC holes; assays are pending and diamond drilling is scheduled to resume in July 2025 targeting up to 10,000 metres. AuMEGA staked 173 claims covering 43 km² on the southern margin of Bunker Hill on 8 April
CorporateMD/CEO Presentation - Precious Metals Summit 2024
A corporate presentation delivered by Managing Director and CEO Sam Pazuki at the 2024 Precious Metals Summit in Beaver Creek, Colorado covers the company's Newfoundland projects, including Cape Ray, Malachite, Hermitage, Bunker Hill, Intersection and Blue Cove. It cites a market capitalisation of A$23.7M, enterprise value of A$16.9M, 526M shares outstanding and a A$6.8M cash balance, with B2Gold
CorporateHalf Yearly Report and Accounts
A loss after income tax of $1,672,495 for the half year ended 30 June 2024 (30 June 2023: $2,160,874), with cash and cash equivalents of $6,227,862 at 30 June 2024 and operating cash outflow of $885,384. During the period the company completed a 157-hole winter RC drill program at Malachite defining three mineralised zones, began phase-one diamond drilling at Central Zone, optioned the Blue Cove C
CorporateMD/CEO Presentation - Peak Asset Management Event
An investor presentation delivered by Managing Director and CEO Sam Pazuki at the Peak Asset Management event in Melbourne was released. It outlines Matador Mining's Cape Ray Gold Project in Newfoundland, with indicated resources of 6.2 Mt @ 2.25 g/t Au for 450 koz and inferred resources of 3.5 Mt @ 1.4 g/t Au for 160 koz, a market capitalisation of A$42.0 million and cash of A$8.6 million. It als
CorporateChair's Address to Shareholders
The Chair's address to the 2024 Annual General Meeting of Matador Mining outlined a spring/summer field program in Newfoundland including at least 5,000 metres of diamond drilling, starting in the resource corridor project area within weeks, followed later in the year by testing greenfields targets at the Malachite Project. The address noted approximately A$10.1 million raised in 2023, the April 2
CorporateManaging Directors AGM Presentation
An AGM presentation covering the Cape Ray Gold Project in Newfoundland, Canada, states indicated resources of 6.2 Mt @ 2.25 g/t Au (450 koz) and inferred resources of 3.5 Mt @ 1.4 g/t Au (160 koz), for a total 9.7 Mt @ 1.96 g/t Au (610 koz), reported 29 May 2023, with about 96% of resources less than 150 metres below surface. Cash was A$8.6 million at 31 March 2024, with market capitalisation of A
CorporateMZZ Commences Canadian Spring & Summer Field Expl Program
Field exploration has begun in Newfoundland and Labrador, Canada, and is expected to continue through the Canadian summer across Malachite, Cape Ray, Bunker Hill, Intersection, Hermitage and Blue Cove. Diamond drilling is planned in two phases, the first on new targets within the mineral resource corridor and the second later in the summer at Malachite, following 157 RC holes drilled in the winter
Drill resultsMatador Mining Proposes Name Change to AuMega Metals
Matador Mining Limited (ASX:MZZ | OTCQB:MZZMF) intends to change its corporate name to AuMega Metals Ltd and its ASX trading symbol to AAM, subject to shareholder approval at the Annual General Meeting on 30 May 2024. The company cited its focus on gold exploration in Newfoundland, Canada, stakeholder feedback, and an expanding portfolio including silver, copper and antimony, plus an option over t
CorporateMZZ Option to Acquire High-Grade Copper Project in NFL
Matador Mining has entered an option agreement to acquire the Blue Cove Copper Project in southeastern Newfoundland, Canada, covering 78 non-contiguous claims over 19.5 km²; the company has also staked 113 additional claims covering 28.25 km², giving about 25 kilometres of combined contiguous strike. Terms are C$10,000 on execution, C$20,000 at 12 months and C$30,000 at 24 months for 100% ownershi
Acquisition