AuMEGA Metals’ Post

View organization page for AuMEGA Metals, graphic

2,062 followers

#ASXNews AuMEGA Provides Hermitage Gold and Antimony Project Update AuMEGA Metals (formerly Matador Mining Limited) is pleased to provide an update on its high-grade Hermitage gold and antimony project. • Prospecting and mapping currently underway at the Hermitage #Gold and Antimony Project. • This recent prospecting work has identified several large areas of hydrothermal alteration that host quartz-dominated hydrothermal breccias with relatively chaotic hydrothermal breccias transitioning to breccia veins containing angular wall-rock clasts away from the fault strands. • Recent #mapping and data analysis interprets the regional-scale North Limb Fault, previously identified by the Company, comprises of numerous subparallel fault splays and links that have potential to form a permeability network on a massive scale. • High-resolution airborne magnetic and very low frequency (“VLF”) geophysical survey expected is now expected in the Canadian autumn of 2024. • Staked mineral licence adjacent to the south of the Company’s Hermitage claims extend AuMEGA tenement holding along an interpreted major structural splay. • Historic Government Lake sediment geochemical studies identified the Hermitage Project area as having the largest and highest tenor antimony anomaly in the province. • Hermitage Project is in the same geological domain as the recently closed high-grade Beaver Brook Antimony mine that operated for approximately six years. • Currently evaluating the potential of historically identified uranium showings in the Hermitage Project area. • Phase one diamond drilling assays are expected in the near-term with phase two #drilling currently underway. #AAM’s Managing Director and CEO, Sam Pazuki, P.Eng, M.Fin commented: “Hermitage is one of several projects we have in our portfolio and among our top ranked exploration projects due to its structural and geological architecture. We believe this is highly prospective gold belt and prospecting work has already produced encouraging gold and antimony results over the last two years. This includes multi-gram gold in outcrop over 7 kilometres of strike and high-grade antimony from samples, supporting our belief in the discovery potential of the project. We continue to validate the highly prospective nature of the Hermitage property through our systematic and results driven reconnaissance approach to exploration.” See the full announcement: https://loom.ly/UEUjrEM #AuMEGAMetals #MiningNews #ASX #TSXV #AUM

To view or add a comment, sign in

Explore topics