# AAM: AAM Completes Initial Drilling at Isle aux Morts/CapeRayWest Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/aam-aam-completes-initial-drilling-at-isle-aux-morts-caperaywest--0209e8e2-cfe8-47fa-8613-e201acefde6f Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03142831 Publisher: asx Original announcement: 2026-09-23T05:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-23T06:12:19.596Z Atlas analysis updated: 2026-09-23T06:12:19.596Z - Company: AuMEGA Metals Ltd - Ticker: AAM - Exchange: ASX - Region: Newfoundland and Labrador, Canada - Primary commodity: Gold - Secondary commodities: Copper, Lead, Silver, Zinc - Document categories: Drill results - Extracted: 2026-09-23 06:12:20 UTC Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas summary AuMEGA Metals Ltd has completed its initial diamond drilling program at the Isle aux Morts Granite and Cape Ray West target areas in Newfoundland and Labrador, Canada. The program included 9 holes totaling approximately 2,087 metres, testing new targets and extensions at Window Glass Hill and Early Bird. Assay results are pending, and the drill rig has been mobilized to Bunker Hill for further exploration. Reasoning: AuMEGA Metals has completed an initial diamond drilling program at Isle aux Morts Granite and Cape Ray West, including new and extensional targets. While this represents operational progress and sets the stage for future results, the absence of assay data means there is no immediate material impact on the project's geological understanding or economic potential. - Positive factor: Initial drilling program completed at new and extensional targets, indicating exploration progress - Positive factor: Drill rig mobilized to Bunker Hill for continued exploration, setting up future news flow - Negative factor: No assay results available for the completed drilling, limiting immediate geological or economic impact Facts used in scoring: 9 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The scientific and technical information in this press release was reviewed and approved by Shamus Duff, P. Geo., a Qualified Person, and Mr. Giles Dodds, a Competent Person as defined in the JORC Code 2012. Evidence · text > The scientific and technical information in this press release was reviewed and approved by Shamus Duff, P. Geo., Project Geologist. Mr. Duff is a Qualified Person as defined under National Instrument 43-101 and a Professional Geologist registered with Professional Engineers and Geoscientists of Newfoundland and Labrador \(PEGNL\). ... The information contained in this announcement that relates to exploration results is based upon information reviewed by Mr. Giles Dodds, Exploration Manager for AuMEGA Metals. Mr. Giles Dodds is a Member of the Australian Institute of Geoscientists \(“AIG”\) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code 2012. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The company's land package spans 110 kilometres along the Cape Ray-Valentine Shear Zone, which hosts Equinox Gold’s Valentine Gold Project, a multi-million-ounce deposit, positioning the company's value proposition on proximity to a known significant deposit. Evidence · text > AuMEGA Metals Ltd \(ASX: AAM \| TSXV: AUM \| OTCQB: AUMMF\) is utilising best-in-class exploration to explore on its district scale land package that spans 110 kilometres along the Cape Ray-Valentine Shear Zone, a significant under-explored geological feature recognised as Newfoundland, Canada’s largest identified gold structure. This zone currently hosts Equinox Gold’s Valentine Gold Project, a multi-million-ounce deposit which is the region’s largest gold project, along with AuMEGA’s Mineral Resource. ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Drill Results (9) ### CPRDD26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/aam-aam-completes-initial-drilling-at-isle-aux-morts-caperaywest--0209e8e2-cfe8-47fa-8613-e201acefde6f#fact-drill-facts-0) Isle aux Morts Granite #### Identity - Hole ID: CPRDD26-007 - Project: Isle aux Morts Granite - Region: canada\_nl - Reported Region: canada\_nl - Ticker: AAM #### Geometry - Hole Depth: 201 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: IAMG - Easting: 350539 - Northing: 5286198 - Elevation: 235 m - Azimuth: 310 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Drill hole CPRDD26-007 was completed as part of an initial exploration program at the Isle aux Morts Granite, but assay results are pending, so no geological information is yet available. - Positive factor: Drilling completed at a new target area \(Isle aux Morts Granite\) - Negative factor: No assay results available for this hole Evidence · table > CPRDD26-007 Context: 201 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### CPRDD26-008 [Link to this fact](https://atlas-staging.minestarters.com/news/aam-aam-completes-initial-drilling-at-isle-aux-morts-caperaywest--0209e8e2-cfe8-47fa-8613-e201acefde6f#fact-drill-facts-1) Isle aux Morts Granite #### Identity - Hole ID: CPRDD26-008 - Project: Isle aux Morts Granite - Region: canada\_nl - Reported Region: canada\_nl - Ticker: AAM #### Geometry - Hole Depth: 200 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: IAMG - Easting: 350646 - Northing: 5286114 - Elevation: 236 m - Azimuth: 310 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Drill hole CPRDD26-008 was completed as part of an initial exploration program at the Isle aux Morts Granite, but assay results are pending, so no geological information is yet available. - Positive factor: Drilling completed at a new target area \(Isle aux Morts Granite\) - Negative factor: No assay results available for this hole Evidence · table > CPRDD26-008 Context: 200 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### CPRDD26-009 [Link to this fact](https://atlas-staging.minestarters.com/news/aam-aam-completes-initial-drilling-at-isle-aux-morts-caperaywest--0209e8e2-cfe8-47fa-8613-e201acefde6f#fact-drill-facts-2) Isle aux Morts Granite #### Identity - Hole ID: CPRDD26-009 - Project: Isle aux Morts Granite - Region: canada\_nl - Reported Region: canada\_nl - Ticker: AAM #### Geometry - Hole Depth: 194 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: IAMG - Easting: 350674 - Northing: 5286403 - Elevation: 239 m - Azimuth: 310 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Drill hole CPRDD26-009 was completed as part of an initial exploration program at the Isle aux Morts Granite, but assay results are pending, so no geological information is yet available. - Positive factor: Drilling completed at a new target area \(Isle aux Morts Granite\) - Negative factor: No assay results available for this hole Evidence · table > CPRDD26-009 Context: 194 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### CPRDD26-010 [Link to this fact](https://atlas-staging.minestarters.com/news/aam-aam-completes-initial-drilling-at-isle-aux-morts-caperaywest--0209e8e2-cfe8-47fa-8613-e201acefde6f#fact-drill-facts-3) Isle aux Morts Granite #### Identity - Hole ID: CPRDD26-010 - Project: Isle aux Morts Granite - Region: canada\_nl - Reported Region: canada\_nl - Ticker: AAM #### Geometry - Hole Depth: 351 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: IAMG - Easting: 351979 - Northing: 5285916 - Elevation: 297 m - Azimuth: 305 ° - Dip: -65 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Drill hole CPRDD26-010 was completed as part of an initial exploration program at the Isle aux Morts Granite, including deeper testing, but assay results are pending. - Positive factor: Drilling completed at a new target area \(Isle aux Morts Granite\) - Positive factor: Deeper hole to provide geological coverage of interpreted magmatic-hydrothermal system - Negative factor: No assay results available for this hole Evidence · table > CPRDD26-010 Context: 351 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### CPRDD26-011 [Link to this fact](https://atlas-staging.minestarters.com/news/aam-aam-completes-initial-drilling-at-isle-aux-morts-caperaywest--0209e8e2-cfe8-47fa-8613-e201acefde6f#fact-drill-facts-4) Isle aux Morts Granite #### Identity - Hole ID: CPRDD26-011 - Project: Isle aux Morts Granite - Region: canada\_nl - Reported Region: canada\_nl - Ticker: AAM #### Geometry - Hole Depth: 210 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: IAMG - Easting: 351778 - Northing: 5286469 - Elevation: 283 m - Azimuth: 305 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Drill hole CPRDD26-011 was completed as part of an initial exploration program at the Isle aux Morts Granite, but assay results are pending, so no geological information is yet available. - Positive factor: Drilling completed at a new target area \(Isle aux Morts Granite\) - Negative factor: No assay results available for this hole Evidence · table > CPRDD26-011 Context: 210 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### CPRDD26-012 [Link to this fact](https://atlas-staging.minestarters.com/news/aam-aam-completes-initial-drilling-at-isle-aux-morts-caperaywest--0209e8e2-cfe8-47fa-8613-e201acefde6f#fact-drill-facts-5) Isle aux Morts Granite #### Identity - Hole ID: CPRDD26-012 - Project: Isle aux Morts Granite - Region: canada\_nl - Reported Region: canada\_nl - Ticker: AAM #### Geometry - Hole Depth: 372 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: IAMG - Easting: 351832 - Northing: 5286020 - Elevation: 279 m - Azimuth: 45 ° - Dip: 50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Drill hole CPRDD26-012 was completed as part of an initial exploration program at the Isle aux Morts Granite, including deeper testing, but assay results are pending. - Positive factor: Drilling completed at a new target area \(Isle aux Morts Granite\) - Positive factor: Deeper hole to provide geological coverage of interpreted magmatic-hydrothermal system - Negative factor: No assay results available for this hole Evidence · table > CPRDD26-012 Context: 372 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### CPRDD26-013 [Link to this fact](https://atlas-staging.minestarters.com/news/aam-aam-completes-initial-drilling-at-isle-aux-morts-caperaywest--0209e8e2-cfe8-47fa-8613-e201acefde6f#fact-drill-facts-6) Isle aux Morts Granite #### Identity - Hole ID: CPRDD26-013 - Project: Isle aux Morts Granite - Region: canada\_nl - Reported Region: canada\_nl - Ticker: AAM #### Geometry - Hole Depth: 194.08 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: IAMG - Easting: 349940 - Northing: 5284605 - Elevation: 199 m - Azimuth: 290 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Drill hole CPRDD26-013 was completed as part of an initial exploration program at the Isle aux Morts Granite, but assay results are pending, so no geological information is yet available. - Positive factor: Drilling completed at a new target area \(Isle aux Morts Granite\) - Negative factor: No assay results available for this hole Evidence · table > CPRDD26-013 Context: 194.08 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### CPRDD26-014 [Link to this fact](https://atlas-staging.minestarters.com/news/aam-aam-completes-initial-drilling-at-isle-aux-morts-caperaywest--0209e8e2-cfe8-47fa-8613-e201acefde6f#fact-drill-facts-7) Window Glass Hill #### Identity - Hole ID: CPRDD26-014 - Project: Window Glass Hill - Region: canada\_nl - Reported Region: canada\_nl - Ticker: AAM #### Geometry - Hole Depth: 161 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: WGHG - Easting: 353716 - Northing: 5289769 - Elevation: 335 m - Azimuth: 75 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Drill hole CPRDD26-014 was completed to test extensions of the Mineral Resource at Window Glass Hill, representing a step-out exploration effort, but assay results are pending. - Positive factor: Drilling completed to test extensions of the Mineral Resource at Window Glass Hill - Negative factor: No assay results available for this hole Evidence · table > CPRDD26-014 Context: 161 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### CPRDD26-015 [Link to this fact](https://atlas-staging.minestarters.com/news/aam-aam-completes-initial-drilling-at-isle-aux-morts-caperaywest--0209e8e2-cfe8-47fa-8613-e201acefde6f#fact-drill-facts-8) Early Bird #### Identity - Hole ID: CPRDD26-015 - Project: Early Bird - Region: canada\_nl - Reported Region: canada\_nl - Ticker: AAM #### Geometry - Hole Depth: 204.3 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Early Bird - Easting: 348595 - Northing: 5287194 - Elevation: 301 m - Azimuth: 330 ° - Dip: -50 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Drill hole CPRDD26-015 represents the first drill test of the new Early Bird gold target, indicating early-stage exploration progress, but assay results are pending. - Positive factor: First drill hole completed at the new Early Bird gold target - Negative factor: No assay results available for this hole Evidence · table > CPRDD26-015 Context: 204.3 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.