Matador Mining Ltd (AU:AAM) has released an update.
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AuMEGA Metals Ltd has announced significant gold discoveries at its Central Zone in Newfoundland, extending known high-grade mineral resources. The company’s first phase of drilling has uncovered promising results below the current resource, including gold intercepts of 3.62 g/t and 5.74 g/t, which suggest potential for the expansion of the mineral resource. The presence of the Window Glass Hill Granite (WGHG) in drill results and a new felsic unit similar to WGHG indicate additional targets for future exploration.
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