Aumega Metals Completes Magnetic Survey of Canada Gold-Antimony Project; Shares Rise 6%

MT Newswires Live

02-04

Aumega Metals (ASX:AAM) said an airborne magnetic geophysical survey completed over the Hermitage gold-antimony project in Canada showed that large geological structures aligned with earlier high-grade prospecting samples, according to a Tuesday Australian bourse filing.

The prospecting samples included 7.3 grams-per-tonne (g/t) grade of gold, 193 g/t grade of silver, and 2,044 parts-per-million grade of stibnite, a source of antimony.

Chief Executive Sam Pazuki said it will use the new geophysics data to help determine specific targets for a drilling program of up to 3,000 meters in 2025.

The firm's shares rose past 6% in early trading on Tuesday.

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