RUA GOLD Begins Drilling at Cumberland Target in the Reefton Goldfield, Following up on a 20.7m Intercept of 62g/t  Gold

RUA GOLD Begins Drilling at Cumberland Target in the Reefton Goldfield, Following up on a 20.7m Intercept of 62g/t Gold

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) ("Rua Gold" or the "Company") is pleased to advise the commencement of drilling at the Cumberland gold camp drill target. This builds upon the integration of the VRIFY AI targeting and ranking process with RUA's extensive geological database, as well as the consolidation of the Reefton Goldfield - an orogenic gold and antimony belt on the South Island of New Zealand.

Highlights:

  • The geological team have defined an initial drill program for 6 holes of depths ranging from 70m to 150m to be drilled from the first pad to define the structure of the Gallant lode.

  • Targets are following up on high grade historical intercepts that are at very shallow depths ranging from 30m to 60m.

  • Subsequent drilling will then systematically test the remainder of the Cumberland gold camp targeting the 7 historic mines in a 2.2km long north-northwest trending zone of quartz veins and shearing.

  • Historical drilling targeting the Gallant structure drilled 20.7m of quartz with individual 1m assays ranging from 0.15g/t gold to 1911g/t gold (60oz/t) using screen fire assay method.

  • Re-assaying the historical core using photon assay methods confirms the very high grade and nuggety nature of the gold mineralization.

  • Averaging the two sets of core assays confirm a 20.7m intersection assaying 62.2 g/t (2 oz/t) gold.

  • Modelling of the observed quartz veins and gold mineralisation intercepts interprets an 8m true width of the vein.

  • Initial drilling targets a 600m zone from the Gallant to the Sir Francis Drake historical workings (see figure 3 below), where quartz veins can be traced on surface in folded structurally complex greywacke-argillite host rocks.

  • The Cumberland structural zone has emerged as a standout target from the early stages of the Company application of the VRIFY AI tool.

Rua Gold has completed drilling of the Victoria lode within the Murray Creek mine camp and is now focusing on the Cumberland gold camp, a historic site located 3km south of Globe-Progress Mine. The Globe-Progress Mine has a rich history of production, with over 1 million ounces of gold produced (424,000 ounces prior to 1950 and an additional 665,000 ounces produced between 2007 and 2015 under OceanaGold).

Simon Henderson, COO of Rua Gold, commented, "The Gallant prospect represents the first VRIFY target to be drilled in 2025. With a history of compelling high-grade gold, it lies in structurally complex steeply folded sequence of rocks, is traceable on surface over 600m, and remains largely untested along strike and at depth. Located just 3km south of a major road and accessible via a 4WD track, Gallant has logistical simplicity for exploration and potential development."

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Figure 1: Overview of the Reefton Goldfield

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THE PLAN

Based on the extensive surface exploration work and historical drilling, the Gallant lode in the Cumberland gold camp stands out as an exceptional high-grade target. Abandoned without rigorous testing following the completion of the Globe-Progress mining, it features quartz veins outcropping on surface within an envelope of strong gold-arsenic anomalism.

The Gallant lode has several exploratory holes drilled by OceanaGold 15 years ago, on a well-defined quartz vein at shallow depth (Table 1 in the appendix; Figure 2). The Company has re-assayed the historical core using photon assay methods, which confirmed the very high grade and nuggety nature of gold mineralization. Averaging the two sets of core assays confirms a 20.7 m intersection assaying 62.2 g/t (2oz/t) gold, with a modelled true width of 8m. Core orientation clearly demonstrates that this intersection drilled down the quartz reef exaggerating its width but provides for a compelling and prospective target for immediate follow-up.

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Figure 2: Gallant Cross Section

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THE HISTORY

The Cumberland gold camp comprises 7 historic mines in a 2 km long north-northwest trending zone of quartz veins and shearing. Historic production totaled 21,740oz gold at an average recovered grade of 26.1 g/t (see appendices).

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Figure 3: Map showing Cumberland historic mine camp

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VRIFY'S AI PLATFORM

The Company has partnered with VRIFY to onboard VRIFY's AI-assisted mineral discovery platform to accelerate discovery, reduce costs and further de-risk exploration.

In conjunction with the consolidation of the Reefton Goldfield in November 2024, the Company implemented the VRIFY AI tool. Early in the AI training phase, Cumberland was identified as a standout target. The VRIFY team has assimilated geochemistry, drilling and geophysical data on an unprecedented scale and accuracy over the whole district, processing over 84GB of data, +170,000 data points, actively informing our 2025 drill targets for quicker project advancement and de-risking our work programs.

Rua Gold's data, unlocked through VRIFY's Al-assisted mineral discovery platform. This AI-assisted data synthesis enabled Rua Gold to actively and effectively rank its 2025 drill targets, accelerating its project advancement and de-risking its work programs in a matter of minutes, a process that would have taken months, if performed manually.

ACCELERATED DISCOVERY

Rua Gold inherited thousands of data points from historic activity on its multiple mine sites and exploration work with the Reefton Goldfields. The ability to rapidly mine this existing data for new insights and targets, while incorporating recent work, provided real-time feedback through VRIFY's platform to inform drilling programs.

SCALABILITY and COST SAVINGS

Rua Gold is just beginning and is confident that VRIFY will continue to add value by allowing for the analysis of larger datasets without increasing costs linearly.

HIGHER ACCURACY

VRIFY's proprietary Al model reduces human error and identifies patterns that manual review might miss, increasing discovery potential.

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Figure 4: VRIFY AI hotspot identification showing Cumberland-Gallant Prospect

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QAQC HISTORIC DRILLING (MR 5093)

Rua Gold is treating the drill results as historic.

The QP has verified the data disclosed, including drill collar location, sampling and analytical information contained in the written disclosure,

  1. Data was verified by examination of remaining core in the core-box; confirming intervals, core splitting and interval handling procedures and logged core descriptions matched original core logging.

  2. Verified the core sampling and assay procedures by examining and confirming from the original assay certificates of SGS and ALS laboratories that the sample numbers recorded matched the sample intervals logged.

  3. Verified from original assay certificates stated blanks and certified standards and duplicates were used and reported, and where deviations outside 2 standard deviations assays have been repeated.

  4. Verified that suitable assay methodology for coarse gold was used by both laboratories SGS Reefton method FASC30T(screen fire assay) and ALS method Au-SCR22AA (screen fire assay).

  5. The QP has verified in the zone of exceptionally high-grade gold values that gold is clearly visible in veinlets within a significant quartz vein.

The QAQC summarized from the OceanaGold report is as follows:

"Diamond drill samples were generally taken over 1 m intervals and cut in half. Half the core was then sent to SGS or ALS. Some of the significant reef samples were analyzed at the ALS laboratory in Townsville for rapid processing and the rest were analyzed at the SGS laboratory in Westport. Due to the large amount of quartz reef drilled in the first part of the program, a screen fire technique was introduced at SGS (FAS30T).

ALS Townsville preformed 1 kg screen fire assays (Au-SCR22AA) along with a standard fire assay procedure (Au-AA26). Diamond core submissions included at the minimum one blank and two certified standards and at least two lab duplicates taken after coarse crushing of the sample. If both standard assays from the same hole returned assay values outside two standard deviations of the actual value, the laboratory was requested to re-assay the job. Assays from dispatches RD131025.1 and RD131106.1 showed significant deviation from standards and checks. These two batches were re-assayed (RD131025.1R and RD131106.1R respectively).

All assay data was imported into the Reefton project acQuire database directly from laboratory reports."

Source: Anderson, T., 2014. MP 41164 Globe Progress annual technical report - 2014, OceanaGold Ltd; NZP&M, Ministry of Business, Innovation & Employment (MBIE), New Zealand. Unpublished Mineral Report MR5093.

PHOTON ASSAYING

Samples were analyzed by PhotonAssay at ALS Perth, Australia (ALS code Au-PA01), which has a detection range of 0.03-350 ppm Au. PhotonAssay analysis works by bombarding samples with high-energy X-rays which excite atomic nuclei that produce gamma rays at signature energies, allowing for gold detection. This method has a fast turnaround time and is non-destructive, allowing the preservation of the entire whole-core and unlimited repeat testing. Samples were submitted with certified reference material (CRM) from OREAS into the sample stream every 5 samples.

ALS Perth is independent to Rua Gold and its quality management systems framework is accredited to ISO/IEC 17025:2005 or certified to ISO 9001:2015 standards.

The QP satisfactorily verified all data used in this disclosure.

Grant of Deferred Share Units

The Company also announces that it has granted an aggregate of 161,980 deferred share units ("DSUs") to non-executive directors of the Company at a deemed price of $0.61 per DSU under the Company's Deferred Share Unit Plan adopted on April 17, 2024. The DSUs are subject to a one-year vesting period and entitle the holder to receive one Common Share at the time the holder ceases to be a director of the Company.

New Marketing Agreement with Baystreet.ca Media Corp

The Company has entered into a Services Agreement dated April 1, 2025 (the "Bay Street Media Agreement") with Baystreet.ca Media Corp pursuant to which Baystreet.ca Media Corp has agreed to provide article distribution and full site coverage services to the Company. Pursuant to the terms of the Bay Street Media Agreement, such marketing services are to be provided over a 3-month period, for a fee of $45,000 plus applicable taxes. Baystreet.ca Media Corp is a full-service marketing agency based in Vancouver, BC, and is headed by Brady Allan. Baystreet.ca Media Corp provides digital marketing awareness via advertising through its fully owned platform BayStreet.ca, which includes both video and written content coverage of Canadian small-cap stories. As of the date hereof, to the Company's knowledge, Baystreet.ca Media Corp (including its directors and officers) does not own any securities of the Company and has an arm's-length relationship with the Company. Under the Bay Street Media Agreement, the Company will not issue any securities to Baystreet.ca Media Corp. as compensation for its marketing service.

ABOUT Rua Gold

Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of RUA's two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of tenements, in a district that historically produced over 2 million ounces of gold grading between 9 and 50 grams per tonne.

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

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

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
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; and the effects and benefits of the Transaction. 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 unfavorable 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 short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, 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.

APPENDICIES

Table 1: Gallant 001 Re-assay table





Au (g/t)
Sample NoFromToIntervalALS 2025
(Photon)
Original Assay
(Screen fire )
Average Two methods
GAL0100130.6321.32.23.162.68
GAL01002323310.971.371.17
GAL01003333410.321.91.11
GAL01004343510.113.321.715
GAL01005353610.020.01
GAL01006363710.010.01
GAL01007373812.663.383.02
GAL010083839121.1723.422.285
GAL01009394010.330.50.415
GAL01010404110.260.460.36
GAL01011414211.986.314.145
GAL01012424310.270.970.62
GAL01013434410.431.731.08
GAL01014444510.043.531.785
GAL01015454611.80.541.17
GAL01016464712.756.814.78
GAL010174748142619101168
GAL010184849146.123038.06
GAL0101949500.75.24.684.94
GAL010205051128.461.4914.975
GAL01021515217.146.776.955
GAL01022525318.156.987.565
GAL01023535411.150.871.01
GAL01024545510.190.110.15
GAL01025555610.380.530.455
GAL01026565713.412.142.775
GAL01027575812.962.282.62
GAL01028585910.460.240.35
GAL010295960.20.50.410.520.465

 

Note: true width of vein: 8m.

Table 2: Historic Production Cumberland Camp (Barry, 1993)

LodeTonnesProduction
(Au oz)
Recovered grade (oz/t)Recovered grade (g/t)
Scotia6041,2832.166.1
Gallant2,3787590.39.9
Sir Francis Drake-Happy Valley17,2615,8100.310.5
Cumberland14,12013,6291.030.0
Exchange-Industry5192600.515.6

 

Source: Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield. Ministry of Commerce Resource Information Report No. 15.

Table 3: Collar for GAL001, historic drill hole.

Drill holeEasting (NZTM)Northing (NZTM)Elevation (RL)End depthAzimuthDip
GAL00115087265327981628123.7293°-70°

 

Projection: New Zealand Transverse Mercator (NZTM) 2000.

Reference for historical grades and production:
Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield. Ministry of Commerce Resource Information Report No. 15.

Reference for Gallant assay results:
Anderson, T., 2014. MP 41164 Globe Progress annual technical report - 2014, OceanaGold Ltd; NZP&M, Ministry of Business, Innovation & Employment (MBIE), New Zealand. Unpublished Mineral Report MR5093.

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RUA GOLD Expands High-Grade Intercepts at Depth at Auld Creek: 5.9g/t AuEq over 9m and 48.3g/t AuEq over 1.25m

RUA GOLD Expands High-Grade Intercepts at Depth at Auld Creek: 5.9g/t AuEq over 9m and 48.3g/t AuEq over 1.25m

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) ("Rua Gold" or the "Company") is pleased to provide an update on its gold-antimony exploration at the Auld Creek project in the Reefton Goldfield on the South Island of New Zealand, reporting improved gold grades from current drilling in diamond drillholes ACDDH026, ACDDH027, ACDDH028.

Highlights:

  • Following up on the last high grade results from the Company, the next holes intersected broader zones of gold in hole ACDDH027 and narrow but strong gold-stibnite (antimony sulphide) mineralization in ACDDH028. 

  • Assay results show: 

    • ACDDH026: 2.1m @ 1.25g/t Au from 175m depth 

    • ACDDH027: 9m @ 5.9g/t AuEq1 (5.2g/t Au & 0.16% Sb) from 159m depth 

    • ACDDH028: 1.25m @ 48.3g/t AuEq1 (13.3g/t Au & 8.1% Sb) from 210m depth 

  • ACDD024,025 confirmed higher grade antimony mineralisation on the Fraternal shoot, the recent drilling ACDDH27,28 indicates an improvement in gold grade with depth. 

  • The gold grades on the Fraternal shoot plunge to the south, current drilling is testing 80-100m below the current resource envelope, before pivoting to testing the northerly extensions of the Fraternal ore body. 

  • Auld Creek has an inferred resource hosted by two ore shoots, Bonanza and Fraternal. This resource outcrops at surface and is continuous to 160m vertically and open at depth. 

  • Surface soil geochemistry strongly endorses extensions to the Fraternal north prospect and Bonanza northeast prospect, confirming the system is traceable over a 2.5km length.

Robert Eckford, CEO of Rua Gold commented: "It is encouraging to see an improvement in gold grades with depth on the Fraternal lode, and the continuation of high-grade antimony accompanying the gold in narrow plunging shoots.

Drilling to date on Auld Creek antimony-gold prospect has increased confidence in the existing gold-antimony resource and highlighted higher-grade plunging shoots that remain open to the south. We are focused on expanding the Auld Creek resource both north and south, with intensified surface exploration showing early promise in identifying additional mineralization over its 2.5km length."

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Figure 1: Overview of the Reefton Goldfield.

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Figure 2: Fraternal and Bonanza ore shoots at Auld Creek.

Note that AuEq amounts have been calculated using recent spot prices of gold and antimony and applying a ~30% discount. The gold equivalent formula is based on AuEq = Au g/t + 4.3 x Sb% using a Au price of US$2065/oz, Sb price of US$34,300 per tonne and 85% recovery.

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GLOBAL SUPPLY AND VALUE OF ANTIMONY

Antimony is a critical metalloid primarily sourced from the mineral, stibnite. It is highly valuable and increasing in demand due to its versatility and has essential applications across renewable energy, liquid battery metals, defence and technological sectors.

Due to its limited supply, predominantly controlled by China, Russia & Tajikistan, antimony is considered a strategic material essential for supply chain security, particularly during periods of geopolitical instability. This was heightened in August 2024, when China announced export controls on processed antimony products. In response to these controls, nations have accelerated their efforts to secure alternative sources of antimony to mitigate the risk of significant supply chain vulnerabilities.

The US, EU, UK, Japan, Canada and Australia all designate antimony as a critical mineral. On January 31, 2025, New Zealand also announced their Critical Mineral List which included antimony.

Reflecting heightened demand, the price of antimony has reached new highs, currently trading over US$50,000 per tonne, a significant increase from US$11,350 per tonne at the start of 2024. This market shift has intensified interest in the strategic antimony potential held by Rua Gold.

EXPLORATION POTENTIAL

Rua Gold commenced drilling at Auld Creek in December 2024. It has a targeted program to drill four mineralised shoots identified from historical surface exploration work interpreted by the Rua Gold team over the past 3 months.

Auld Creek is situated between two past producing mines, Globe Progress mine, and the Crushington Group of mines which collectively produced 933,000oz at 14.0g/t Au (Barry 1993). Auld Creek has three historic adits but no commercial production from the reefs.

Rua Gold has an inferred resource at Auld Creek indicating 700,000 tonnes at 3.1g/t Au and 1.1% Sb for 67,000oz of gold and 8,000 tonnes of antimony2 (AuEq 110,000oz3). The resource is restricted to two of the four known shoots. Soil geochemistry indicates the potential for discovery of additional mineralised shoots over a strike length of 2.5km.

Four of the eight holes completed to date intersected 4-5m of strong visible stibnite (antimony sulfide) mineralization in the Fraternal-Bonanza structure.

Results from ACDDH024, ACDDH025 confirm the approximate average gold grades, but report higher antimony grades than the current resource estimate. Results from ACDDH027, ACDDH028 highlight above average gold grades with narrow but high-grade antimony in ACDDH028.

Ongoing drilling is targeting the southern plunging Fraternal gold-antimony shoot which remains open along strike and at depth.

Intensified surface exploration is showing very encouraging strong trends both north and north-west confirming additional targets on the Fraternal North and Bonanza north-west extensions.

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Figure 3: Arsenic soil geochemistry over Auld Creek area.

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ABOUT Rua Gold

Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold's two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

The Company's Glamorgan Project solidifies Rua Gold's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation's biggest gold mining project, Wharekirauponga.

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

TECHNICAL INFORMATION

Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and Chief Operating Officer and a director of Rua Gold, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has participated in the geochemical sampling, and mapping programs to verify that they have been conducted in accordance with standard operating procedures. Mr. Henderson has verified the data disclosed by running checks on the location, analytical, and test data underlying the information in the technical disclosure herein.

QA/QC Drill Core

Rock samples were sent to SGS Laboratories, Westport for sample preparation. Samples were crushed and pulverized to 85% passing 75 µm. The pulverized rock-chips were split into two samples: a ~50 g sent for laboratory analysis, and the reject returned to RGL for pXRF analysis and storage. Pulverized rock-chip samples were analyzed for gold (Au) by 50-g fire assay with AAS finish at SGS Waihi (SGS Code FAA505); and for antimony (Sb) by Sodium Peroxide Fusion Analysis by ICP-MS at SGS Waihi.

QA/QC Soil Samples

Pre-planned soil sampling points on a 20 m x 100 m grid were loaded onto a handheld GPS for guidance. A spade was used to acquire a ~1.0 kg sample from the C horizon, which was put in a wet-strength paper sample bag with wire ties. Sample information was logged in a notebook in the field, including sample ID, depth, color, horizon, slope, sample description, sampler, basement, and comments. Each sample was photographed in the field alongside the GPS with coordinates visible and each sample site marked in the field with biodegradable flagging tape. Samples were taken back to Rua Gold's Reefton facility for preparation. The sample information was entered on.csv files and uploaded to an SQL database.

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 Rua Gold's Reefton facility using a Olympus Vanta pXRF analyzer; and then on to ALS Brisbane, Australia, for low-level gold analysis using Au-TL43; trace level Au by aqua regia extraction with ICP-MS finish. Detection limit 1 ppb Au.

Field duplicates were collected every 20th sample and underwent the same sample collection and preparation process outlined above. Duplicates were checked and validated by Rua Gold's Isogonal data validation system to ensure compliance.

Rua Gold Contact

Robert Eckford
Chief Executive Officer
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 programs at its Reefton and Glamorgan projects and the results thereof. 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 unfavorable 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 short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, 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.

Table 1: Location of Auld Creek drill holes from RUA 2024-2025 program

Hole IDEastingNorthingrLTotal
Depth
Site _IDDipAzimuth
(true)
Year
ACDDH02215072125333199508108.5Pad 10-541932024
ACDDH0231507212533319950851.5Pad 10-60852024
ACDDH02415072905333146539150Old 13-372202025
ACDDH02515072905333146539180.9Old 13-542482025
ACDDH02615072905333146539200Old 13-592312025
ACDDH02715072905333146539193.4Old 13-452122025
ACDDH02815070795332952607243.5Pad 18-501042025
ACDDH02915070795332952607256Pad 18-501202025
ACDDH03015070795332952607268.5Pad 18-53852025

 

Table 2: Significant drilling intercepts at Auld Creek, full mineralized zone composites (1.5g/t Au cut-off)

Sample NoFromToIntervalAu (g/t)Sb (%)
ACDDH026175175.90.90.96
ACDDH026175.9177.11.21.55
ACDDH02715215312.52
ACDDH02715315411.88
ACDDH02715415513.44
ACDDH02715515612.25
ACDDH02715615711.84
ACDDH02715715810.37
ACDDH02715815910.15
ACDDH02715916012.380.013%
ACDDH02716016112.390.802%
ACDDH02716116214.750.008%
ACDDH02716216312.840.016%
ACDDH02716316418.420.010%
ACDDH02716416514.70.010%
ACDDH02716516613.770.009%
ACDDH0271661671150.178%
ACDDH02716716813.110.428%
ACDDH028209.5210.150.650.92
ACDDH028210.15210.60.4518.411.600%
ACDDH028210.6211.40.88.284.680%
ACDDH028211.42120.61.68

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RUA GOLD Reports Significant Gold-Antimony Intercepts from Its Reefton Project

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Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) ("Rua Gold" or the "Company") is pleased to provide an update on assay results from its gold-antimony exploration at the Auld Creek project, within the Reefton Goldfield on the South Island of New Zealand; reporting strong antimony grades from current drilling.

Highlights:

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(TheNewswire)

Opawica Explorations Inc.

April 24th, 2025 TheNewswire - Vancouver, B.C. Opawica Explorations Inc . (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) (the "Company" or "Opawica"), a Canadian mineral exploration company focused on precious and base metals in the Abitibi Gold Belt is providing an update on its 2025 exploration campaign at the Bazooka Property ('Bazooka')..

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Heliostar CEO, Charles Funk, commented, "We are delighted to add Stephen and Connie to our team as we continue to build our capacity. Stephen brings his understanding of institutional banking, sales and project knowledge from his role as an analyst at Stifel. He will lead the Company's investor relationships and contribute to Heliostar's strategy for production growth and reduction in our cost of capital. Connie brings a wealth of experience, having helped shepherd First Majestic from an ambitious junior to stable producer. She will lead the Company's regulatory responsibilities in her role as Corporate Secretary. I would also like to thank Ms. Sheryl Dhillon for her diligent, professional long-term service to the Company as our Corporate Secretary."

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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Cartier Resources Inc. (TSX-V: ECR) (" Cartier " or the " Corporation ") is pleased to announce that it has closed its previously announced private placement with Paradigm Capital Inc. (the " Agent ") for aggregate gross proceeds of $8,395,176.11 (the " Offering ") through a combination of: (i) 27,473,627 units of the Corporation issued on a charitable flow-through basis qualifying as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the " Premium FT Units ") at $0.182 per Premium FT Unit for gross proceeds of $5,000,200.11; and (ii) 26,115,200 units of the Corporation (the " Hard Dollar Units ") issued at $0.13 per Hard Dollar Unit for gross proceeds of $3,394,976.

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The Offering will include the sale of the following securities (collectively, the "Securities"):

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WOW ZONE GS2440

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    • 128.3 g/t Au over 3.1m
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  • CLEARY ZONE – GS2441
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2025 PROGRAM

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