AuMEGA Metals Ltd has received encouraging results from a reconnaissance till geochemical program at the Intersection Project adjacent to its highly prospective Bunker Hill Project along the Cape Ray Shear Zone (CRSZ) in Newfoundland and Labrador, Canada.
The company completed the first coarse reconnaissance till survey at Intersection during the Canadian summer of 2024, yielding several priority follow-up targets.
This comprehensive till survey consisted of grid lines spaced 800 metres apart with stations spaced at 100 metres.
Results highlight the potential for large, buried mineralised systems — a hypothesis supported by the coarsely spaced sampling grid returning highly anomalous gold, silver, copper and other pathfinder elements across multiple stations and lines.
"Highly encouraged"
AuMEGA Metal managing director and CEO Sam Pazuki said: “We are highly encouraged by the results from the Intersection till program, which has identified four large areas of interest for future follow-up work.
“The program completed there this summer was the company’s first-ever work on the property, which we have long believed to be highly prospective, given that the two largest known gold structures on the island converge there.”
Four large areas of interest
Till results have identified four large areas with significant gold anomalism for future targeting, including the largest area of anomalism within the Windsor Point Group Sediments, the host rocks of the company’s Central Zone deposits.
Results include several clusters of till anomalies with peak value of 173 ppb gold and peak silver value of 5.82 g/t with coincident bismuth and copper anomalism in the 99th percentile of the survey area.
Intersection reconnaissance till results with solid geology.
“Intersection is also adjacent to Bunker Hill, where the Cape Ray-Valentine Lake shear bends again and heads toward the Valentine Project and splays off through the Hermitage Flexure, which is the host structure of our Hermitage Project and similar domain as Newfound Gold’s properties,” Pazuki said.
“The Intersection till values represent some of the highest soil samples collected anywhere along our district-scale property. The Intersection structural setting appears akin to the Valentine Project and, interestingly, our till values are either similar to or exceed much of the values collected historically at Valentine.”
AuMEGA’s Intersection project is in the far northeast corner of its mineral licences along the CRSZ, adjacent to Calibre Mining’s recently staked ground and Eldorado Gold’s recently announced joint venture.
AuMEGA portfolio of projects.
Work ahead
AuMEGA is now reviewing the data and incorporating the updated information into the targeting matrix and register.
The company says that subsequent programs to understand the geology and source of mineralisation could include increased resolution of till data in key areas, structural mapping and detailed prospecting, reconnaissance diamond and reverse-circulation drilling and reprocessing of historical geophysical data.
Pazuki said, “We will continue to analyse our results, overlayed with historic geophysics to further define our targets and establish future work programs.”
The company is particularly interested in Intersection in the context of its Bunker Hill Project located adjacent to the west, where the 2024 program revealed significantly high-grade copper in outcrop and high-resolution airborne magnetics that indicate a compelling structural setting.
AuMEGA is also expecting final assay results from the limited five-hole reconnaissance diamond drilling program at Malachite and Bunker Hill West till survey in November 2024.