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AuMEGA Metals found a new gold-rich zone at Cape Ray West, Newfoundland, with plans for drilling in late 2025.
AuMEGA Metals has discovered a new multi-kilometre gold-in-till corridor at its Cape Ray West site in Newfoundland, based on recent geochemical data showing gold values above 20 parts per billion.
The finding expands the known mineralized footprint of the Cape Ray Gold Project and aligns with historical data, indicating potential for significant gold deposits.
The company plans a fully funded drilling campaign in the fourth quarter of 2025 to further assess the zone, which remains open in multiple directions and lies within a historically productive mining region.
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AuMEGA Metals encontró una nueva zona rica en oro en Cape Ray West, Newfoundland, con planes para perforar a finales de 2025.