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Matador Mining Ltd ( (AU:AAM) ) has shared an update.
AuMEGA Metals Ltd has expanded its diamond drilling program at the Cape Ray Gold Project by deploying a second drill rig to explore a significant electromagnetic anomaly. This initiative aims to enhance exploration efforts before the winter break and is part of a broader strategy to identify new drill-ready targets from various exploration programs. The results are anticipated to bolster the company’s resource base and strengthen its position in the gold exploration industry.
More about Matador Mining Ltd
AuMEGA Metals Ltd is a company engaged in gold exploration, focusing on a district-scale land package along the Cape Ray Shear Zone in Newfoundland, Canada. This area is recognized as the largest identified gold structure in the region and hosts significant projects, including the multi-million-ounce Valentine Gold Project. The company is backed by prominent global institutional investors and strategic investment from B2Gold Corp.
Average Trading Volume: 1,262,864
Technical Sentiment Signal: Sell
Current Market Cap: A$28.41M
See more data about AAM stock on TipRanks’ Stock Analysis page.