RUA GOLD permit and access extended for five years at the high grade Reefton Project and the Company targets Murray Creek in the near-mine drilling program

RUA GOLD permit and access extended for five years at the high grade Reefton Project and the Company targets Murray Creek in the near-mine drilling program

 
 

Rua Gold Inc. (CSE: RUA) (OTCQB: NZAUF) (WKN: A3DB6A) ("Rua Gold" or the "Company") is pleased to provide an exploration update for the Reefton Project on the South Island of New Zealand .

 

  Permit and Land Access Agreements for drilling have been extended for a further 5 years  

 

The Company's application to extend the permit and Access Agreement at the Reefton Project on New Zealand's South Island for an additional 5 years has been granted by both the New Zealand Petroleum and Minerals (NZP&M) and the Department of Conservation (DoC), following Iwi (local indigenous) and archaeology consultation.

 

This provides the Company full access to carry out an extensive drill campaign on 37 drill sites and includes the establishment of the associated infrastructure, including camps and pumping stations.  The Company now has the rights to drill all the targets identified following our extensive surface exploration program which was focused on numerous near mine prospects over the four mine camps within the Company's permits at the Reefton Project.

 

   Rua Gold's near-mine drilling program  

 

The Company has commenced its near mine drill program with five targets in the Murray Creek area as the first step in a comprehensive drilling campaign that will test targets in the Murray Creek, Crushington, Capleston and Caledonian historic districts. These historic mines collectively produced ~700koz of gold at 25.2g/t within a radius of ~20 kilometers.

 

The Company has commenced with its first target in Murray Creek, which is a down-dip extension of the historic mine shoot. This is a compelling, relatively shallow target as records show mining ceased at 200 meters, yet this was the largest lode. The lode contained gold grades ranging between 18.0g/t to 67.5g/t Au (Barry, 1993).

 

Two diamond holes are planned to test the down dip extensions of the lode at depth. Accurate mapping of the dyke (UAV magnetics) and 3D structural mapping show significant potential for continuation at depth. Surface rock chips show grades up to 33 g/t Au (from No 3 Victoria Adit).

 

Drilling will target below the mined extent of the Victoria Lode at ~200 meters depth.

 

The Company finds the first target at Murray Creek compelling as it is relatively shallow in comparison to the historical mining in the nearby Crushington and Ajax areas which demonstrated mining was economic to depths of greater than 600 meters, and at Federation Mining's Blackwater gold deposit, there is continuity of high grade mineralization to a depth of 1500 meters.

 

More information can be found at the Company's website: www.ruagold.com .

 
 

  Figure 1: Cross section through the first Murray Creek drill target: Victoria. Drillhole 1 is to intercept the lode beneath the depth of historical mining. The lode is open at depth. (CNW Group/Rua Gold Inc.) 

 
 

  Historic Mine Evaluation, Proposed Drilling  

 

The Company has completed a comprehensive evaluation of the historic mines in the Reefton Goldfield. This includes 3D modelling of the geology, structure, and historical mine lodes in a precursor to drill testing of priority targets, testing down-dip and potential duplicate structures in the vicinity of the historic mines.

 

  Rua Gold  has commenced drilling the first of five targets in the Murray Creek area as the first step in a comprehensive drilling campaign that will test near-mine targets in Murray Creek, Crushington, Capleston and Caledonian historic districts. A table of historic production in these districts is included in Appendix 1.

 
 

  Figure 2: Inglewood Battery, Murray Creek. Image from Reefton Isite. (CNW Group/Rua Gold Inc.) 

 
 

  Grant of Deferred Share Units  

 

The Company also announces that it has granted an aggregate of 326,327 deferred share units ("DSUs") to non-executive directors of the Company at a deemed price of $0.193 per DSU.  The DSUs were granted in consideration for services provided by the non-executive directors for the period from April 1, 2024 to June 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  (RUA.CSE) is a new entrant to the mining industry, specializing in gold exploration and discovery in New Zealand . With permits that have a rich history dating back to the gold rush in the late 1800's,  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 .

 

  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.

 

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 its drill programs at its Reefton project; and  the Company's expected receipt of permits or other regulatory approvals. 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 CSE Form 2A – Listing Statement 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.

 

  Appendix 1: Historic production from mining in the Murray Creek mine group, Reefton Goldfields.  

 
 
                                         
 

   Lode   

 
 

   Easting   

 
 

   Northing   

 
 

   Quartz
tonnes
 
 

 
 

   Au (kg)   

 
 

   Total
Production
(Au oz)
 
 

 
 

   Recovered
grade
  (oz)  
 

 
 

   Recovered
grade (g/t)
 
 

 
 

  Inglewood-
North Star,
Phoenix,
Victoria
 

 
 

  1510233  

 
 

  5336224  

 
 

  52,945.9  

 
 

  1,053.7  

 
 

  33,877.2  

 
 

  0.6  

 
 

  19.9  

 
 

  Perseverance  

 
 

  1509653  

 
 

  5335145  

 
 

  57.9  

 
 

  0.6  

 
 

  19.3  

 
 

  0.3  

 
 

  10.4  

 
 

  Golden Fleece
- Ajax Royal
 

 
 

  1509544  

 
 

  5335654  

 
 

  136,642  

 
 

  2,787.8  

 
 

  89,629.9  

 
 

  0.7  

 
 

  20.4  

 
 

  Venus  

 
 

  1509084  

 
 

  5335145  

 
 

  11,046  

 
 

  219  

 
 

  7,041.0  

 
 

  0.6  

 
 

  19.8  

 
  Table   1   : Historical production from mines within the Reefton District (Barry, 1993).  
 
 
 
 
 

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

 
 
 

 

 
 

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

 
 

SOURCE Rua Gold Inc.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2024/05/c1293.html  

 
 

News Provided by Canada Newswire via QuoteMedia

RUA:CNX
The Conversation (0)
RUA GOLD Closes C$8 Million Brokered Offering and Announces Commencement of Trading on the TSX Venture Exchange

RUA GOLD Closes C$8 Million Brokered Offering and Announces Commencement of Trading on the TSX Venture Exchange

 
 

   This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States .   

 

  Highlights  

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Canadian Investment Regulatory Organization Trade Resumption - RUA

Canadian Investment Regulatory Organization Trade Resumption - RUA

 
 

Trading resumes in:

 

Company: Rua Gold Inc.

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
RUA GOLD Announces C$8 Million Brokered Offering of Common Shares

RUA GOLD Announces C$8 Million Brokered Offering of Common Shares

 
 

   This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States .   

 

Rua Gold Inc. (CSE: RUA) (OTCQB: NZAUF) (WKN: A4010V) (" Rua Gold " or the " Company ") is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as lead agent and on behalf of a syndicate of agents to be formed (collectively, the " Agents "), pursuant to which the Agents have agreed to act as agents on a "best efforts" basis, in connection with the public offering of 44,445,000 common shares in the capital of the Company (each, a " Common Share ") at a price of C$0.18 per Common Share (the " Offering Price ") for aggregate gross proceeds of C$8,000,100 (the " Offering "). The Offering is expected to close on or about July 25, 2024 (the " Closing Date "), or such other date as agreed upon between the Company and the Agents, and is subject to certain conditions including, but not limited to the receipt of all necessary regulatory approvals.

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Clarification: Historical Mineral Resource Estimate at Reefton

Clarification: Historical Mineral Resource Estimate at Reefton

 
 

Rua Gold Inc. (CSE: RUA) (OTC: NZAUF) (WKN: A4010V) (" Rua Gold " or the " Company ") provides a clarification in relation to its news release of July 15, 2024 (" Rua Gold to acquire Siren Gold's Reefton assets and become the dominant Reefton Goldfield explorer ").

 

Previously, the Company disclosed that "the tenements owned by [Reefton Resources Pty Limited] hosts a total JORC-compliant inferred mineral resource estimate (at a 1.5 g/t Au cut-off grade) containing 444koz Au @ 3.81g/t Au and 8.7kt Sb @ 1.5% Sb". The Company wishes to clarify that the tenements presently owned by Reefton Resources Pty Limited ("Reefton Resources") do not contain a current mineral resource estimate. The Company intended to disclose the aforementioned "inferred mineral resource estimate" as a "historical estimate" within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). As a result, the Company also wishes to provide additional information and cautionary language required by NI 43-101.

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
RUA GOLD announces commencement of trading on OTCQB Market in the United States.

RUA GOLD announces commencement of trading on OTCQB Market in the United States.

 
 

Rua Gold Inc. (CSE: RUA) (OTC: NZAUF) (WKN: A4010V) ("Rua Gold" or the "Company") is pleased to announce that its common shares have commenced trading on the OTCQB Venture Market (the "OTCQB") under the symbol "NZAUF." The Company's common shares will continue to trade on the Canadian Securities Exchange (the "CSE") under the symbol "RUA" and the Frankfurt Stock Exchange under the symbol "A4010V".

 
 

  RUAGOLD Logo (CNW Group/Rua Gold Inc.) 

 

The Company expects that the posting of its common shares on the OTCQB, a well-known U.S. securities trading platform, will provide greater visibility and convenience of trading for U.S. investors, resulting in enhanced liquidity and greater reach. The Company's common shares are also eligible for book-entry and depository services of the Depository Trust Company ("DTC"), to facilitate electronic clearing and settlement of transfers of its common shares in the United States . This electronic method of clearing securities accelerates the settlement process for investors and brokers, enabling the common shares to be traded over a more comprehensive selection of brokerage firms by being DTC eligible. DTC eligibility will help enhance the Company's potential investor base and offer a more convenient trading experience for current and future shareholders.

 

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com  

 

"With the commencement of trading on the OTCQB, U.S. investors will have the same ease of access as Canadian and European investors through our CSE and Frankfurt listings," said Robert Eckford , CEO of  Rua Gold  . "We are focused on executing on our exploration program and look forward to sharing our story with a broader investor group."

 

More information can be found at the Company's website: www.ruagold.com .

 
  About  Rua Gold   
 

  Rua Gold  (CSE: RUA, OTC: NZAUF, WKN: A4010V) is a new entrant to the mining industry, specializing in gold exploration and discovery in New Zealand . With permits that have a rich history dating back to the gold rush in the late 1800's,  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 statements regarding the Company's strategies, expectations, planned operations or future actions, and the results of posting of its shares on the OTCQB. 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/June2024/07/c2243.html  

 
 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JZR Gold Inc. Announces Private Placement Offering of Units to Raise Up To $1,500,000

JZR Gold Inc. Announces Private Placement Offering of Units to Raise Up To $1,500,000

 

(TheNewswire)

 
     
  JZR Gold Inc. 
          
 

July 11, 2025 TheNewswire - Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV:  JZR) (the " Company " or " JZR ") is pleased to announce that it intends to undertake a non-brokered private placement offering (the " Offering ") of up to 5,000,000 units (each, a " Unit ") at a price of $0.30 per Unit, to raise aggregate gross proceeds of up to $1,500,000.  Each Unit will be comprised of one common share (each, a " Share ") and one share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder to acquire one additional common share (each, a " Warrant Share ") of the Company at an exercise price of $0.40 per Warrant Share for a period of two (2) years after the closing of the Offering. The Warrants will be subject to an acceleration clause whereby, in the event that the volume weighted average trading price of the Company's common shares traded on TSX Venture Exchange, or any other stock exchange on which the Company's common shares are then listed, is equal to or greater than $0.75 for a period of 10 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the Warrant holders. The Units, Shares, Warrants and any Shares issued upon the exercise of the Warrants will be subject to a hold period of four months and one day from the date of issuance.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia

Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia

 

(TheNewswire)

 
  
  Blue Lagoon Resources Inc. 
 
 

July 11, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to announce the official opening of its wholly owned Dome Mountain Gold Mine Project, that recently received its mining permit making it one of only nine mining permits granted in British Columbia in the past decade - and one of just a few high-grade, road-accessible gold projects to reach production-ready status in recent years.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Cartier Unveils VRIFY-Generated AI Model Highlighting Key Discovery Targets Ahead of Largest-Ever Drill Program at Cadillac

Cartier Unveils VRIFY-Generated AI Model Highlighting Key Discovery Targets Ahead of Largest-Ever Drill Program at Cadillac

 

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE:6CA) is pleased to present its new predictive model for the Cadillac Project in the heart of the Val-d'Or mining camp, Quebec, created with Artificial Intelligence (″AI″) using VRIFY's AI-Assisted Mineral Discovery Platform, DORA. With robust geoscientific information from across the 14,000-ha Cadillac Property, the Company was able to unlock value from this data by leveraging VRIFY's proprietary algorithms and feature processing to generate a VRIFY Prospectivity Score (VPS) over the entire land package. The VPS is a probabilistic value, helping Cartier's team prioritize and guide a portion of the Company's upcoming 100,000-m drill program using an approach backed by data-driven insights.

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Apollo Silver  ; Right Assets, Right Management and Right Time

Apollo Silver ; Right Assets, Right Management and Right Time

Investorideas.com, a global investor news source covering mining and metals stocks, issues a snapshot of Apollo Silver Corp. (TSXV: APGO,OTC:APGOF) (OTCQB: APGOF) showing how it's executing its vision of owning significant silver assets, attracting world class management with the recent appointment of President and CEO, Ross McElroy and building long term value for its shareholders.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6292/258362_fa89eeeef4e3c963_001.jpg

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×