Cape Ray West: New Multi-Kilometre Gold Corridor Emerging
- Noel Ong
- 19 minutes ago
- 6 min read
Announcement
AuMEGA Metals Limited (ASX: AAM) has reported results from a surficial geochemistry (till) program at Cape Ray West, defining multiple high-grade gold-in-till anomalies along the western contact of the Isle aux Morts Granite — an intrusive body that has never been drill-tested (Figure 1). The anomalies coincide with structural breaks and magnetic features, establishing a new discovery corridor west of existing resources. Drilling of priority targets is planned and fully funded for Q4 2025; additional assays from broader sampling are pending.
Figure 1: Cape Ray Project (source: AAM)
AuMEGA Metals’ Managing Director and CEO, Sam Pazuki, commented:
“Cape Ray continues to demonstrate all the hallmarks of a fertile gold system, as we’ve now expanded the footprint of mineralisation well beyond the boundaries of our current high-grade deposits. Cape Ray West has opened a brand-new, multi-kilometre discovery corridor. The results, located approximately three kilometres west of our Window Glass Hill mineral resource and one kilometre south of our BP deposit, reveal the convergence of high-grade gold-in-till anomalies with key structural and geophysical features along the Isle aux Morts Granite — a massive, underexplored intrusive complex. We are set up with multiple high-quality drill targets, which the Company is fully funded to drill in the fourth quarter of 2025.
Through the great work conducted this year, and the important analysis of the past two years, we’ve built a robust pipeline of high-quality opportunities across our district-scale land package. This includes Cape Ray and Cape Ray West, along with the exceptional regional programs advancing at Bunker Hill and Hermitage. Collectively, these projects reinforce our conviction that AuMEGA is operating within one of the most prospective and underexplored gold belts in Canada — the same belt that hosts the country’s newest large scale gold mine at Valentine.” (Figure 2)
Figure 2: AuMEGA Metals portfolio on the Cape Ray Shear Zone and Hermitage (source: AAM)
Highlights - Building a Gold Narrative
(Figure 3)
Multiple >99th percentile gold-in-till anomalies with peaks up to 402 ppb Au over multi-km strike. (see Figs 5–6).
Spatial association with cross-cutting structures inside the Isle aux Morts Granite and along intrusive contacts; this intrusive complex has not been drill tested to date.
Coincident signatures: till anomalies align with magnetic breaks and mapped structures, creating a multi-layered anomaly footprint.
Targeting underway: integrating geochemical, geophysical (EM, magnetics), and structural datasets to rank drill targets. Q4 2025 drilling is fully funded.
Assays pending from broader till and rock sampling across the Isle aux Morts Granite and an airborne EM anomaly southeast of Central Zone.
Figure 3: Cape Ray West results (>20ppb Au) in relation to the Historic surficial geochemical footprint (>20ppb Au) and pit shell outlines over the Cape Ray Resource Corridor (source: AAM)
Project context
Cape Ray currently hosts ~420 koz Au (Indicated) and ~141 koz Au (Inferred) (US$1,750/oz basis), within a district-scale land package along the Cape Ray–Valentine Shear Zone (CRSZ) that also hosts Canada’s newest large-scale gold mine at Valentine. AuMEGA has integrated legacy datasets with 2025 high-resolution EM, magnetics, and systematic till geochemistry to accelerate discovery.
Program & methodology (Cape Ray West)
(Figure 4)
Sampling grid: ~160 m × 80 m, north-south orientation; target C horizon (B horizon where C not reached), typical depths 0.5–1.0 m. Fine fraction –63 μm; ALS Au-ME-MS43 (Aqua Regia, ICP-MS).
Coverage: western side of Cape Ray resource corridor, including Isle aux Morts Granite and adjacent metasediments.
Outcome: three discrete, coherent gold-in-till anomalies defined; pathfinders include arsenic with selected >99th percentile responses.
Figure 4: Cape Ray Project area (source: AAM)
Results — Three anomalies defined
To move the story forward, AuMEGA tightened the geology: detailed mapping and rock sampling layered over airborne magnetics and EM, sharpening structurally controlled, geochem-supported targets.
Anomaly One
Trend: NW–SE; coincident geophysical feature of same orientation.
Setting: Extends into the Isle aux Morts Granite and along a faulted paragneiss–siliciclastic boundary.
Peak: 402 ppb Au with coincident As.
Anomaly Two
Trend/extent: ~1.5 km, N–S; coincident with mapped structures, quartz veins, and geophysical lineaments.
Peak: 118 ppb Au; strong, coherent footprint within the Granite.
Anomaly Three
Trend/extent: ~1.9 km, ENE–WSW; coincident geophysical features in both paragneiss and Granite.
Peak: 113 ppb Au.
Figure 5–7: Gold-in-till results from Cape Ray West Project (source: AAM)
The till program, sampled on a 160 × 80 m north–south grid, defines three discrete Au-in-till anomalies (Figures 5–7).
Together, these results spotlight the Isle aux Morts Granite as an untested exploration front and validate AuMEGA’s strategy of fusing modern datasets with legacy knowledge across the CRSZ.
Ongoing work & near-term catalysts
(Figure 8)
Follow-up fieldwork completed: broader till survey, expanded mapping, and rock sampling across the Granite; samples submitted for assay (pending).
Targeting: integration of till + geological + EM/magnetics to finalise drill priorities.
Drilling: Q4 2025 start at Cape Ray West; program fully funded.
Figure 8: Isle aux Morts Granite looking north (source: AAM)
About AuMEGA
District-scale exposure along ~110 km of the CRSZ, supported by institutional holders and B2Gold as a strategic investor. Current Cape Ray Mineral Resource: 6.1 Mt @ 2.25 g/t Au (450 koz, Indicated) and 3.4 Mt @ 1.44 g/t Au (160 koz, Inferred); additional ground at Hermitage Flexure and the Blue Cove Copper option in SE Newfoundland.
Samso Concluding Comments
Cape Ray already sits in a known productive shear-zone belt, and pushing the footprint west into the Isle aux Morts Granite adds a new dimensionality to the thesis. Intrusive-related architecture alongside shear-hosted mineralisation is fertile ground in Atlantic Canada.
The AuMega story has been featured on the Samso platform for a few years now, and it looks like the market is staying confident about the potential results. As far as I am concerned, the story is simple: continue to test the Cape Ray shear and build the potential for a gold mineralised province. Time will be very important, and being in a gold bull market is a great time to accelerate the exploration activities.
It is still an AUD $28M market capitalised company that has over 800,000 ounces of gold. How and if these ounces become a mineable proposition will be the deal breaker for investors.
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