RUA GOLD Announces New and Amended Marketing Contracts

RUA GOLD Announces New and Amended Marketing Contracts

Rua Gold Inc. (TSXV: RUA) (OTC: NZAUF) (WKN: A4010V) (" Rua Gold " or the " Company ") announces that it has amended marketing contracts with two service providers and entered into one new marketing contract. In accordance with TSX Venture Exchange Policy 3.4 Investor Relations, Promotional and Market-Making Activities details of each new engagement or amendment are discussed below. The new marketing agreement and the amended marketing agreements remain subject to approval from the TSX Venture Exchange.

RUA GOLD logo (CNW Group/Rua Gold Inc.)

Amendment to Marketing Contract with MMG Market Medium GmbH & Co. KG

Further to the Company's news release of February 27, 2024 , in which the Company announced its 12-month marketing engagement of MMG Market Medium GmbH & Co. KG ("MMG"), the Company has entered into an amending agreement with MMG dated August 22, 2024 (the "MMG Amending Agreement") to amend the marketing services agreement with MMG dated February 1, 2024 (the "Original MMG Agreement"). Pursuant to the MMG Amending Agreement, the Company and MMG have agreed to reduce the marketing budget allocated from the Company to MMG from C$700,000 to €400,000 (approximately C$600,000 ). Additionally, the Company and MMG have agreed to revise MMG's service fee from C$115,500 to €66,000 (approximately C$100,000 ), representing 16.5% of the budget allocated by the Company for such services. The difference between the initially contemplated service fee of C$115,500 and the revised service fee of €66,000 shall be credited by MMG to the marketing budget. All other terms of the Original MMG Agreement remain unamended. In connection with the MMG Amending Agreement and in addition to the service fee previously paid, the Company has provided a cash advance of €100,000 to MMG, which shall be applied towards the revised marketing budget.

MMG is a service provider who specializes in online marketing and investor relations services specializing in the European market and is based in Germany . MMG is headed by CEO, Christina Hammer . As of the date hereof, to the Company's knowledge, MMG (including its directors and officers) does not own any securities of the Company and has an arm's-length relationship with the Company. The Company will not issue any securities to MMG as compensation for its marketing service. For more information regarding the Company's engagement of MMG, please refer to its news release dated February 27, 2024 .

Amendment to Marketing Contract with Direct to Investor Media, LLC

Further to the Company's news release of February 27, 2024 , in which the Company announced its 12-month marketing engagement of Direct to Investor Media, LLC ("D2I"), the Company has entered into an amending agreement with D2I dated August 22, 2024 (the "D2I Amending Agreement") to amend the marketing services agreement with D2I dated February 1, 2024 (the "Original D2I Agreement"). Pursuant to the D2I Amending Agreement, the Company and D2I have agreed to increase D2I's marketing budget from C$300,000 to C$450,000 (the "D2I Budget"). As compensation for its marketing services, D2I shall be entitled to retain a marketing services fee equal to 20% of the D2I Budget. All other terms of the Original D2I Agreement remain unamended.

D2I is a California based company who specializes in consulting, advertising, media, email, and creative services for the purpose of advertising and promoting its clients and their brands. D2I is headed by its CEO, David Bogart . As of the date hereof, to the Company's knowledge, D2I (including its directors and officers) does not own any securities of the Company and has an arm's-length relationship with the Company. The Company will not issue any securities to D2I as compensation for its marketing service. For more information regarding the Company's engagement of D2I, please refer to its news release dated February 27, 2024 .

New Marketing Agreement with   2686362 Ontario Corporation dba CanaCom Group

The Company has entered into a Services Agreement dated August 12, 2024 (the "CanaCom Agreement") with 2686362 Ontario Corporation dba CanaCom Group ("CanaCom Group") pursuant to which CanaCom Group has agreed to provide digital content, marketing and media distribution services to the Company. Pursuant to the terms of the CanaCom Agreement, such marketing services are to be provided over a 12-month period, for a fee of C$80,000 plus applicable taxes. CanaCom Group is a full-service marketing agency based in Oakville, Ontario and is headed by Jordan Lutz . CanaCom Group provides digital marketing awareness via advertising through its fully owned platform theDeepDive.ca, which includes both video and written content coverage of Canadian small-cap stories. As of the date hereof, to the Company's knowledge, CanaCom Group (including its directors and officers) does not own any securities of the Company and has an arm's-length relationship with the Company. The Company will not issue any securities to CanaCom as compensation for its marketing service.

About Rua Gold

Rua Gold (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) is a new entrant to the gold mining space, specializing in gold exploration and discovery in New Zealand . Upon closing of the transaction with Siren Gold Limited announced in July 2024 , the Company will have permits enveloping 90% of the Reefton Goldfield in New Zealand's South Island. This district has a rich history dating back to the gold rush in the late 1800s. The Company also has a highly prospective tenement package in the North Island, located within 3 kms of OceanaGold's biggest pipeline project, Wharekirauponga. Rua Gold combines traditional prospecting practices with modern technologies to uncover and capitalize on valuable gold deposits.

The Company is committed to responsible and sustainable exploration, which is evident in its professional planning and execution. The Company aims to minimize its environmental impact and to execute on its projects with key stakeholders in mind. Rua Gold has a highly skilled team of New Zealand professionals who possess extensive knowledge and experience in geology, geochemistry, and geophysical exploration technology.

For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca .

Website: www.RUAGOLD.com

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include the TSX Venture Exchange's approval of the CanaCom Agreement, the MMG Amending Agreement, and the D2I Amending Agreement and the provision of the marketing services contemplated therein. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia - Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavourable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's annual information form dated April 19, 2024 , filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

SOURCE Rua Gold Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2024/23/c5048.html

News Provided by Canada Newswire via QuoteMedia

RUA:CC
Rua Gold

Rua Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Rua Gold

Rua Gold


Keep reading...Show less
RUA GOLD Targets Significant Epithermal Gold System in the Hauraki Goldfield, New Zealand

RUA GOLD Targets Significant Epithermal Gold System in the Hauraki Goldfield, New Zealand

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) ("Rua Gold" or the "Company") is pleased to provide an exploration update for its Glamorgan Project in the Hauraki Goldfield, on the North Island of New Zealand and situated 2.8km north of OceanaGold Corporation's ("OceanaGold's") Wharekirauponga Project ("WKP") which has indicated resources of 1.01 Moz at 15.9 gt1.

The Company was granted a Minimum Impact Access Agreement ("MIA") from the Department of Conservation ("DoC") for its Glamorgan Project in August 2024. Following this, the exploration team was mobilized and has made excellent progress, including:

  • collecting 2,000 of the planned 3,000 soil sample program;

  • completing the first full phase of UAV drone magnetic geophysical surveying; and

  • commencing ground geological mapping.

Based on initial surface soil geochemistry, interpreted geophysical structures, and geological mapping, there is preliminary evidence that the Glamorgan Project has the hallmarks of a significant epithermal gold system, with surface features similar to the adjacent WKP gold deposit. Further exploration work is required to confirm whether a significant epithermal gold system exists.

Following its surface exploration work, the Company will design a drill program and apply for a full Access Agreement by the end of the year to commence drilling at the Glamorgan Project.

On March 7, 2024, OceanaGold included the accelerated development of WKP in New Zealand's newly introduced Fast Track Approvals Bill, creating a road map for Rua Gold. This Bill was introduced by the New Zealand Government in March 2024, and aims to provide a streamlined 'one stop shop' decision-making process to facilitate the delivery of infrastructure and development projects, including mining projects with significant regional or national benefits.

Robert Eckford, CEO, commented: "This is pleasing progress on the ground at our Glamorgan Project, and important verification of the historical work of Newmont and OceanaGold. The preliminary evidence of an epithermal system gives strong encouragement to have drill locations selected by the end of the year. The geology in the region is exceptional, as evidenced by the results coming from OceanaGold's nearby WKP project, and we see the exact same surface features at our Glamorgan Project. We have mobilized a highly experienced operating team with decades of region-specific geological knowledge."

Geochemistry

Preliminary pXRF soil results of the initial 1083 samples show strong arsenic anomalism (max 981ppm As) in southwest and northeast zones mirroring the historical trends. Arsenic is a reliable pathfinder closely associated in many gold deposits. These results complement the data collected from previous work of Newmont and OceanaGold soil analysis. Observed surface quartz vein outcrop (recognised by the soil teams) lie central to these geochemical anomalies. Initial gold results are anticipated in late October 2024.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10755/225438_8f300f7a042cdba9_007.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/225438_8f300f7a042cdba9_007full.jpg

Geological Mapping

Detailed Anaconda style geological mapping has highlighted outcropping quartz veins, breccias and silicified alteration enveloping this veining. Strong banding, quartz-adularia, quartz breccia, and platy quartz after calcite are described in situ. The range of veins, and geographic spread of the vein and alteration observed indicate exposure of a very large fossil epithermal gold system.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10755/225438_8f300f7a042cdba9_008.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/225438_8f300f7a042cdba9_008full.jpg

Magnetic (UAV Drone) Surveying

Ultra detailed magnetic surveying over a 3 kilometre by 5 kilometre area has provided a glimpse of very strong northeast structural faulting, along with circular features interpreted to represent rhyolitic domes adjacent to andesite flow units. These observations on the raw total magnetic field are preliminary. As the Company works on filtering the data, they will be looking to identify features of magnetite destruction (alteration) that accompanies and envelopes significant epithermal mineralisation.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10755/225438_8f300f7a042cdba9_009.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/225438_8f300f7a042cdba9_009full.jpg

Environmental Studies

Work has commenced to establish baseline environmental requirements on drill sites as we work to submit our Access Agreement to allow for drilling. This work is ongoing and will be submitted before the end of the year.

About Glamorgan

Rua Gold's Glamorgan Project comprises of over 4,600 hectares in the Hauraki district, on the North Island of New Zealand. The district has produced over 15 million ounces of gold and 60 million ounces of silver, and is home to OceanaGold's most significant pipeline project, WKP, which has indicated resources of 1.01 Moz at 15.9 g/t2.

Rua Gold's Chief Operating Officer, Simon Henderson had previously joint-ventured both the Glamorgan Project and WKP Project and was a leading member of the exploration team that led to its discovery.

Grant of Deferred Share Units

The Company also announces that it has granted an aggregate of 392,363 deferred share units ("DSUs") to non-executive directors of the Company at a deemed price of $0.169 per DSU. The DSUs were granted in consideration for services provided by the non-executive directors for the period from July 1, 2024 to September 30, 2024. The DSUs were granted under the Company's Deferred Share Unit Plan adopted on April 17, 2024, and are subject to a one-year vesting period. Each DSU entitles the holder to receive one share of the Company at the time the holder ceases to be a director of the Company.

About Rua Gold

Rua Gold is an exploration company, strategically focused on two prolific gold districts in New Zealand with proven high-grade gold deposits, with a team that has a track record of success.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island. Rua Gold will have approximately 120,000 hectares of tenements (upon successful completion of the purchase of Reefton Resources Pty Limited, see announcement on July 15, 2024), in a district that historically produced over 2.0 million ounces of gold grading between 9 and 50 grams per tonne.

The Company's Glamorgan Project, a highly prospective project located within the North Islands' Hauraki district. It is within 3 kms of OceanaGold's biggest gold mining project, WKP. The Hauraki district has produced an impressive 15 million ounces of gold and 60 million ounces of silver. This project solidifies Rua Gold's position as a leading high-grade gold explorer in the region.

For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.

QAQC Soil Samples

A bulk sample of ~0.5-1 kg was collected in the field at the Company's Waihi base, and couriered to RGL's office for preparation. Samples were dried in a customized incubator, set at 38°C, for a minimum of two days. Once the samples were fully dried, they were sieved to

A 50-100-g fine-sieved (

ALS Brisbane is independent to Rua Gold.

Technical Information

Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure contained herein.

Rua Gold Contact

Robert Eckford

Chief Executive Officer

Tel: +1 604 655 7354

Email: reckford@RUAGOLD.com

Website: www.RUAGOLD.com

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-Looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to exploration and drilling programs at the Glamorgan Project; and regulatory approvals therefor. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavourable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's base shelf prospectus dated July 11, 2024 (the "Base Shelf Prospectus"), and prospectus supplement dated July 19, 2024 to the Base Shelf Prospectus, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-Looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Small gold nuggets.

Patronus Begins Drilling at Fountain Head Gold Project in NT

Patronus Resources (ASX:PTN) has begun its first-ever drilling program in Australia's Northern Territory, with 2,000 metres of reverse circulation drilling underway at the Glencoe gold deposit of its wholly owned Fountain Head gold project, the company said in a press release.

Formerly known as Kin Mining, the company acquired a portfolio of gold projects in the Northern Territory as part of a merger with PNX Metals in September that combined the companies and their portfolios under the new name.

The Fountain Head gold project is located on granted mineral leases north of the Mt Wells road between the towns of Pine Creek and Adelaide River. It holds a mineral resource estimate of 234,000 ounces gold and three deposits — Fountain Head, Glencoe and Tally Ho — all of which are open along strike and at depth. Glencoe's resource stands at 79,000 ounces gold.

Keep reading...Show less
Kalgoorlie Gold Mining Limited

Systematic Aircore Drill Testing of High Potential Gold Targets Underway at Pinjin

Kalgoorlie Gold Mining (ASX:KAL) (‘KalGold’ or ‘the Company’) has commenced aircore drilling at two new exploration target areas within the Pinjin Gold Project on 9 October 2024 (Figure 1).

Figure 1 – New drill areas (pink labels) that are the focus of the new drill program at Pinjin. Projection: MGA 94 Zone 51.

Keep reading...Show less

Notice of Release of Barrick's Third Quarter 2024 Results

Barrick (NYSE:GOLD)(TSX:ABX) will release its Q3 2024 results on Thursday, November 7, 2024. President and CEO Mark Bristow will host a live presentation of the results that day in London, UK, at 11:00 EST 16:00 UTC, with an interactive webinar linked to a conference call. Participants will be able to ask questions.

The company will release its preliminary production, sales and cost information for Q3 2024 on October 16, 2024.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
  Artemis Resources

Titan Delivers Further High-Grade Rock Chip Results Surface Sampling Assays Exceed 55% Gold, 1,000 g/t Silver Emergence of Broad Mineralised Area over Titan Prospect

Artemis Resources Limited (‘Artemis’ or the ‘Company’) (ASX/AIM: ARV) is pleased to announce ground reconnaissance at the Titan prospect in the West Pilbara region of Western Australia continues to deliver high grade gold and silver from assays, highlighting the emergence of a broad mineralised area over the prospect.

Keep reading...Show less
Piche Resources

Geophysical Data and Field Reconnaissance Greatly Enhance Exploration Potential at Cerro Chacon

Piche Resources Limited (ASX: PR2) (“Piche” or the “Company”), is pleased to announce the completion of ground magnetic and induced polarisation (IP)/resistivity surveys over the La Javiela prospect on its Cerro Chacon project in the Chubut Province of Argentina (Figure 1). The surveys interpretation was undertaken by Southern Geoscience in Perth, Western Australia and has identified five additional high priority targets.

Keep reading...Show less
  Tartana Minerals Limited

Tartana Proposes to Acquire Critical Minerals Project Portfolio

Tartana Minerals Limited (ASX: TAT) (the Company) is pleased to advise that it has entered into a non-binding term sheet to acquire a private explorer, Queensland Strategic Metals Pty Ltd (QSM) (the Acquisition).

Keep reading...Show less
Rua Gold

Rua Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×