AuMEGA Metals Identifies Promising Gold Structure at Bunker Hill

Matador Mining Ltd ( (AU:AAM) ) has provided an update.

AuMEGA Metals Ltd, a mining company listed on ASX, TSXV, and OTCQB, has successfully concluded its winter drilling program at the Bunker Hill Project in Newfoundland and Labrador, Canada. The program involved 5,067 meters of diamond and reverse circulation drilling, identifying significant gold mineralization on the Branch Fault, a major structure off the Cape Ray Shear Zone. The standout result was from hole CRC0284, which reported notable gold, silver, and lead values, indicating the potential for significant gold deposits. The company plans to resume diamond drilling in June, targeting both existing resources and new exploration areas, which could enhance its position in the mining industry and offer promising opportunities for stakeholders.

More about Matador Mining Ltd

YTD Price Performance: -7.50%

Average Trading Volume: 713,437

Technical Sentiment Signal: Buy

Current Market Cap: A$22.35M

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