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Matador Mining Ltd ( (AU:AAM) ) has provided an announcement.
AuMEGA Metals Ltd has identified a new multi-kilometre gold corridor at Cape Ray West, revealing high-grade gold-in-till anomalies that align with key structural and geophysical features. This discovery marks a significant expansion of the company’s exploration footprint, with plans for fully funded drilling in Q4 2025 to further investigate these promising targets. The findings underscore the potential of the Cape Ray Gold Project and reinforce AuMEGA’s position in a highly prospective and underexplored gold belt in Canada.
The most recent analyst rating on (AU:AAM) stock is a Buy with a A$0.16 price target. To see the full list of analyst forecasts on Matador Mining Ltd stock, see the AU:AAM Stock Forecast page.
More about Matador Mining Ltd
AuMEGA Metals Ltd is a mining company focused on gold exploration and development. The company operates primarily in the Cape Ray Gold Project located in southwestern Newfoundland, Canada, within the Cape Ray – Valentine Shear Zone. AuMEGA is engaged in identifying and developing high-grade gold deposits in this underexplored region, which is part of one of Canada’s most prospective gold belts.
Average Trading Volume: 989,843
Technical Sentiment Signal: Buy
Current Market Cap: A$30.31M
See more data about AAM stock on TipRanks’ Stock Analysis page.