Edmonton, Alberta — January 15, 2026 — Leads & Copy — AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) has announced the results of a multi-element surficial geochemistry interpretation over the Isle aux Morts Granite (“IMG”) at Cape Ray West, part of the Company’s 110-kilometre landholding along the Cape Ray Shear Zone in southwestern Newfoundland, Canada.
The recent work builds on favourable results derived from surficial geochemistry work completed at Cape Ray West in mid-2025 and has materially elevated the IMG to a high-priority drill target for the 2026 field season. The IMG, measuring approximately 16 square kilometres, is a large, underexplored felsic intrusion located immediately adjacent to the Company’s existing resource corridor.
The resource corridor currently hosts a defined gold Mineral Resource of 6.2 million tonnes grading 2.25 g/t gold for 450,000 ounces of Indicated Resources, and 3.4 million tonnes grading 1.44 g/t gold for 160,000 ounces of Inferred Resources.
Historically, the IMG was considered non-mineralised and has never been systematically explored. AuMEGA’s reinterpretation using modern, multi-element geochemistry, geological mapping and high-resolution geophysics now suggests that this intrusion may represent a previously unrecognised and potentially fertile mineral system.
AuMEGA Metal’s Managing Director and CEO, Sam Pazuki, commented that the Isle aux Morts Granite is emerging as a completely new opportunity within their district. Pazuki added that the intrusion has never been seriously considered as prospective for gold or copper mineralisation and as a result, it has never been effectively explored, let alone drill tested, and that the company’s latest work is changing that.
The surficial geochemistry program was designed to expand the discovery footprint west of the existing resource corridor and assess the broader fertility of the IMG. A total of 439 till samples were collected across a north-south oriented survey grid using line and station spacing of 160 metres by 80 metres, respectively.
This work has outlined several large, coherent gold-in-till anomalies displaying strong spatial relationships with both north-south and east-west trending geophysical lineaments, as well as coincident zoned textural variations within the intrusion identified from magnetic data. These coincident features suggest that mineralisation is structurally controlled and linked to internal architecture within the granite complex.
The till material collected is homogeneous and dominated by locally derived granite fragments with predominantly feldspar, quartz and biotite mineralogy. This, together with a strong spatial association between gold, copper, molybdenum and bismuth anomalies and geophysical features, suggests limited glacial transport and supports a proximal bedrock source for the geochemical responses observed.
The most significant of the identified targets is the Western Corridor, which extends for approximately two kilometres along a north-south strike. This corridor is coincident with a prominent north-south striking geophysical lineament and is located near the interpreted contact between the IMG and the Port aux Basques Gneiss Complex.
The convergence of strong gold-in-till anomalism, major structural features and intrusive contacts suggests this corridor represents a highly favourable geological setting for mineralisation, and the Company has ranked it as one of the highest priority targets generated to date.
Four additional target areas have been identified within the central areas of the intrusive complex. These are spatially coincident with a pronounced textural break in the magnetic response, which is interpreted to reflect either multiphase intrusive activity or zones of hydrothermal alteration.
These targets are also spatially associated with the same dominant east-west and north-south trending geophysical lineaments, suggesting a strong structural influence on fluid flow and potential mineralisation.
A strong and coherent multi-element response, dominated by elevated copper, molybdenum and bismuth defines a broad, multi-station anomaly across this central area. This metal association is characteristic of fertile intrusive systems and is commonly associated with the deeper or hotter portions of intrusive-related mineralised environments.
Together, these patterns support the interpretation that the IMG represents a complex, evolving hydrothermal system, rather than a post-mineralisation barren intrusion. This is an interpretation that fundamentally changes the exploration potential of this unit and other similar granites along the CRSZ.
Seven target areas have now been defined across the greater Cape Ray West area. AuMEGA is integrating all geological, geochemical and geophysical datasets to rank and prioritise the highest-conviction targets for drill testing in 2026. Concurrently, the Company plans to extend surficial geochemistry coverage and geological mapping across the full extent of the Isle aux Morts Granite.
The Company intends to:
– Extend till sampling and mapping to cover the entire IMG;
– Complete detailed geological mapping (1:5,000 scale) and channel sampling over the seven target areas to define drill targets for the 2026 drilling campaign; and,
– Execute a focused diamond drilling program in summer 2026, testing a select group of high-conviction targets rather than broad early-stage coverage.
Sam Pazuki, Managing Director & CEO
Canada Phone: +1 780 665 4925
Australia Phone: +61 8 6117 0478
Email: info@aumegametals.com
Source: AuMEGA Metals Ltd
