The latest update is out from Matador Mining Ltd ( (AU:AAM) ).
AuMEGA Metals Ltd announced its quarterly activities report highlighting significant exploration and corporate developments. The company plans to resume diamond drilling at Bunker Hill in July and has expanded its strategic project claims. Financially, AuMEGA ended the quarter with a strong cash position and appointed a new president, Mike Skead. Additionally, the Cape Ray project received political recognition as a priority by the Canadian Conservative Party, and ongoing regional M&A activity underscores the area’s emerging status as a gold mining district.
More about Matador Mining Ltd
AuMEGA Metals Ltd is a mineral exploration company focused on discovering precious and critical metals in Newfoundland and Labrador, Canada. The company employs a systematic approach to exploration in the complex terrain of south-west Newfoundland and holds a significant land package along the Cape Ray Shear Zone, recognized as Newfoundland’s largest gold structure. AuMEGA’s portfolio includes high potential targets and existing gold resources, supported by global institutional investors and strategic investment from B2Gold Corp.
YTD Price Performance: -7.14%
Average Trading Volume: 712,822
Technical Sentiment Signal: Buy
Current Market Cap: A$23.56M
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