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Matador Mining Ltd ( (AU:AAM) ) has shared an announcement.
AuMEGA Metals Ltd has announced the results of a high-resolution airborne magnetic survey conducted over its Hermitage Gold-Antimony Project in Newfoundland and Labrador, Canada. The survey, covering 234 square kilometers, revealed significant geological complexity, with several faults and structures aligning with past high-grade prospecting samples. The company plans to conduct a comprehensive analysis of the data to identify specific drill targets for an inaugural diamond drilling program later in 2025, which is expected to enhance their exploration activities and potentially increase stakeholder interest.
More about Matador Mining Ltd
AuMEGA Metals Ltd is a company operating in the mining industry, focusing on the exploration and development of gold and antimony resources. The company is involved in projects located in south central Newfoundland and Labrador, Canada, with a market focus on significant geological structures that are geologically similar to some of the largest gold deposits globally.
YTD Price Performance: 7.14%
Average Trading Volume: 675,383
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$27.19M
For a thorough assessment of AAM stock, go to TipRanks’ Stock Analysis page.
