AuMEGA provides Hermitage gold and antimony project update Seite 1

Key highlights

• Research and mapping is currently underway at the Hermitage Gold and Antimony Project.
• This recent prospecting work has identified several large areas of hydrothermal alteration that host quartz-dominated hydrothermal breccias with relatively chaotic hydrothermal breccias grading into breccia veins containing angular wall-rock clasts away from the fault strands.¹.
• Recent mapping and data analyses show that the regional-scale North Limb Fault, previously identified by the company, consists of numerous subparallel faults and joints that have the potential to form a large-scale permeability network.
• A high-resolution magnetic and very low frequency airborne geophysical survey is now expected to take place in Canada in the fall of 2024.
• Covered Mineral License² Adjacent to the south of the Company’s Hermitage claims, the AuMEGA lease extends along an interpreted major structural spread.
• Geochemical studies of the Historic Government Lake sediment have shown that the Hermitage Project area has the largest and highest tenor antimony anomaly in the province.
• The Hermitage Project is located in the same geological domain as the recently closed high-grade Beaver Brook Antimony Mine, which operated for approximately six years.
• The potential of historically identified uranium discoveries in the Hermitage Project area is currently being evaluated.
• The first phase of diamond drilling is expected to commence shortly, with the second phase currently underway.

Edmonton, Alberta–(Newsfile Corp. – September 4, 2024) – AuMEGA Metals Ltd (formerly Matador Mining Ltd) (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) (“AuMEGA” or “the Company”) is pleased to provide an update on its high-grade Hermitage gold and antimony project. The Hermitage project is located on the Hermitage Flexure, the second largest known gold structure in Newfoundland and the location of the largest antimony lake sediment anomaly in the province.

Sam Pazuki, Managing Director and CEO of AuMEGA Metal, commented:

“Hermitage is one of many projects in our portfolio and is one of our highest ranked exploration projects due to its structural and geological architecture. We believe this is a highly prospective gold belt and prospecting work over the past two years has already produced encouraging gold and antimony results. This includes multi-gram gold in outcrops across 7 kilometres of the extent and high-grade antimony from samples, supporting our belief in the discovery potential of the project. We continue to validate the highly prospective nature of the Hermitage property through our systematic and results-driven exploration approach.

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