
Vancouver, British Columbia–(Newsfile Corp. – March 3, 2026) – RUA GOLD INC. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (“RUA GOLD” or the “Company”) is pleased to announce the filing on SEDAR+ of independent Technical Reports for its Reefton Project (“Reefton Technical Report”) on the South Island and Glamorgan Project (“Glamorgan Technical Report”) on the North Island of New Zealand.
Highlights:
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The Mineral Resource Estimate (“MRE”) for the Reefton Project included in the Reefton Technical Report provides a strong starter resource to initiate the mine permitting process in New Zealand via the Fast-track1 process on its Auld Creek target while providing the foundation for technical and economic studies. An aggressive 19,000-meter drill program is underway with 4 drill rigs in operation from 2 March 2026.
The Reports, titled “Technical Report on the Reefton Project, New Zealand, Report for NI 43 – 101 on the Reefton Project, New Zealand” and “Technical Report on the Glamorgan Project, Report for NI-43-101 on the Glamorgan Project, New Zealand” respectively, with effective dates of February 27, 2026, are available on SEDAR+ under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.ruagold.com. Each report was prepared by RSC Consulting Ltd. (“RSC“) and authored by Abraham Whaanga, BSc, MAusIMM (CP) of RSC, a “qualified person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“). RSC and Mr. Whaanga are independent of the Company, as determined in accordance with NI 43-101.
The Company’s COO Simon Henderson said, “Since November 2024 drilling has prioritised the Auld Creek gold-antimony project to advance one project toward a mine development phase. With gold-antimony mineralisation outcropping at surface, and continuing unconstrained at depth and along strike northward, Auld Creek presents a compelling opportunity to establish a central processing hub for high grade gold and gold -antimony projects within a 30 km range.
“The 19,000m drill program, and additional regional projects at Alexander, Big River, Golden Treasure and Fiery Cross to be tested in the 2026 year provide both resources and excitement in the exploration team to revitalise the Reefton gold district.”
Figure 1: Overview of the Reefton Project Targets
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Table 1: MRE summaries from Reefton Project – NI-43-101 Report
| Resource | Domain | Classification | Tonnes (Mt) | Au (g/t) | Contained Au Ounces (koz) | Sb (%) | Contained Sb (kt) | AuEq (g/t) | Contained AuEq (koz) |
| Auld3 | Bonanza | Indicated | 0.04 | 2.26 | 3 | 1.6 | 1 | 5.6 | 6 |
| Inferred | 0.18 | 1.8 | 11 | 0.8 | 1 | 3.6 | 21 | ||
| Fraternal | Indicated | 0.26 | 3.3 | 28 | 1.1 | 3 | 5.7 | 48 | |
| Inferred | 1.07 | 2 | 69 | 0.8 | 9 | 3.7 | 128 | ||
| Total | Indicated | 0.3 | 3.18 | 31 | 1.2 | 3 | 5.7 | 54 | |
| Inferred | 1.25 | 2 | 79 | 0.8 | 10 | 3.7 | 149 | ||
| Alexander4 | LG McVicar West | Inferred | 0.51 | 3.4 | 56 | ||||
| HG McVicar West | Inferred | 0.2 | 4.1 | 27 | |||||
| LG Bull East | Inferred | 0.26 | 1.6 | 13 | |||||
| HG Bull East | Inferred | 0.06 | 3.7 | 7 | |||||
| Bruno 1 | Inferred | 0.05 | 5.5 | 9 | |||||
| Bruno 2 | Inferred | 0.01 | 5.9 | 2 | |||||
| Loftus-McKay | Inferred | 0.2 | 5.5 | 35 | |||||
| McVicar East | Inferred | 0.06 | 3.8 | 8 | |||||
| Total | Inferred | 1.35 | 3.6 | 156 | |||||
| Big River5 | Shoot 4 Upper | Inferred | 0.25 | 3.41 | 28 | ||||
| Shoot 4 Lower | Inferred | 0.56 | 2.98 | 53 | |||||
| Shoot A2 | Inferred | 0.34 | 1.79 | 20 | |||||
| Total | Inferred | 1.16 | 2.72 | 101 | |||||
| Supreme6 | Supreme | Inferred | 1.46 | 1.96 | 92 | ||||
| Total | Inferred | 1.46 | 1.96 | 92 | |||||
3Notes Auld Creek:
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Auld Creek 2026 Drill Program
Following the well supported financing in January 2026, an expanded drill program was launched at Auld Creek targeting step out drilling and resource expansion. 19,000 metres of planned drilling is underway across ten drill pads, with the goals of infilling and increasing confidence in the current inferred resource, and extending the current resource, which remains open 400 m to the north and unconstrained at depth.
The 19,000m of drilling will provide detail for the Pre-Feasibility Study (PFS) that is planned for H2 2026 ahead of the anticipated mine permit application.
Figure 2: Auld Creek Drill plan to September 2026.
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Preliminary Economic Assessment study partners confirmed
The Company is currently undertaking permitting activities to support a Fast-track Referral application in the first quarter of 2026, in parallel RUA GOLD will be undertaking a PEA study during the first half of 2026 ahead of advancing the study to PFS level in the second half of the year.
The following consultant partners have been awarded work packages:
Processing and tailings
Engineering consultancy Pitch Black Group has been engaged to advise on advancing metallurgical test-work and processing studies for the Auld Creek Project including:
Pitch Black Group has extensive global expertise in processing flowsheet development, including for gold and antimony deposits such as Auld Creek.
Underground mining studies
Global mining consultancy Mining One has been engaged to undertake underground mining study with scope covering:
Mining One will be working on the underground studies closely with Reefton based Terra Firma Mining who will support with local mining context, health and safety and operationalising our early mine plan.
The Company’s Vice President Simon Delander said, “Rua Gold is pleased to be able to engage such highly regarded and professional study partners who have strong New Zealand and international experience in designing similar projects, we look forward to advancing Auld Creek to the next stage.”
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 development project, Wharekirauponga, which is now fully permitted and under construction.
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 NI 43-101 and Chief Operating Officer and a director of RUA GOLD, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has verified the data disclosed herein, including sampling, analytical, and test data underlying the information or opinions contained herein, by running checks on the location, analytical, and test data underlying the information or opinions in the technical disclosure herein. Limitations on the underlying data are described in the Reefton Technical Report and such data was independently verified by Abraham Whaanga, BSc, MAusIMM (CP) of RSC. Mr. Henderson has participated in the geochemical sampling, and mapping programs to verify that they have been conducted in accordance with standard operating procedures, and has reviewed the drilling results and procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement.
| RUA GOLD Contact | |
| New Zealand Simon Delander VP Risk Stakeholder Regulatory Affairs Email: sdelander@RUAGOLD.com | Canada 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, the timing or results of a PEA or PFS, and the timing or result of an application for a mine permit. 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.
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SOURCE Rua Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – February 27, 2026) – RUA GOLD INC. (TSX: RUA) (NZ: RGI) (OTCQX: NZAUF) (“RUA GOLD” or the “Company”) is pleased to announce that that its common shares have begun trading today on the OTCQX® Best Market under the symbol ‘NZAUF’. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Robert Eckford, CEO of RUA GOLD, commented: “The graduation to the OTCQX Best Market is a natural progression aligned with the Company’s growth. This milestone coincides with the launch of an expanded exploration program at our gold-antimony project in the Reefton Goldfield on the South Island of New Zealand. This advancement enhances our visibility among U.S. investors, improves liquidity, and underscores our commitment to creating long-term shareholder value as we execute our 2026 growth plan.”
Upgrading to the OTCQX Best Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Along with trading on OTCQX, common shares of Rua Gold will continue to trade on the TSX and NZX.
About RUA GOLD
RUA GOLD is an exploration company, strategically focused on New Zealand. With decades of expertise, their team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is 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 Island’s 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 CONTACT:
Robert Eckford
Phone: (604) 655-7354
Email: reckford@ruagold.com
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news 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 New Zealand properties and the graduation to the OTCQX. 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 documents 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285548
SOURCE Rua Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – February 17, 2026) – RUA GOLD INC. (TSX: RUA) (OTCQB: NZAUF) (“RUA GOLD” or the “Company”) is pleased to advise that it has received approval for its secondary listing on the NZX Main Board Market operated by NZX Limited (NZX) in addition to its primary listing on the Toronto Securities Exchange (TSX).
RUA GOLD will commence trading on the NZX at 10.00am (New Zealand time) on February 23, 2026 under the symbol RGI.
The listing will enable New Zealand investors to have a live market to trade in RUA GOLD shares in their own time zone. Copies of RUA GOLD’s Profile and Listing Application Letter in connection with its listing are available on the RUA GOLD website at https://ruagold.com/nzx-profile/.
Robert Eckford, CEO of RUA GOLD, commented: “Listing on the NZX marks a significant milestone for RUA GOLD as we advance our plans to become a gold-antimony producer in Reefton. We are proud to be strengthening our presence in New Zealand’s mining sector and to provide Kiwi investors with the opportunity to participate directly in our growth story. This listing reflects our long-term commitment to New Zealand as we execute our development strategy.”
RUA GOLD will continue to remain a “reporting issuer” under applicable Canadian securities laws, and its common shares will also remain listed on the TSX under the symbol “RUA” and the OTCQB under the symbol “NZAUF”. RUA GOLD’s existing shareholders are not required to take any action in connection with the NZX listing.
About RUA GOLD
RUA GOLD is a well funded exploration company, strategically focused on New Zealand. With decades of expertise, their team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is 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.
RUA GOLD Contact
| New Zealand Simon Delander VP Risk Stakeholder Regulatory Affairs Email: sdelander@RUAGOLD.com Website: www.RUAGOLD.com | Canada Robert Eckford Chief Executive Officer Email: reckford@RUAGOLD.com |
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news 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 New Zealand properties or the intended listing date on the NZX. 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 documents 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.
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SOURCE Rua Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – February 12, 2026) – RUA GOLD INC. (TSXV: RUA) (OTCQB: NZAUF) (“RUA GOLD” or the “Company”) is pleased to announce that the Company will be uplisting to the Toronto Stock Exchange (the “TSX”). The common shares of the Company (the “Common Shares”) will be voluntarily delisted from the TSX Venture Exchange effective as of close of market on Friday, February 13, 2026, and will commence trading on the TSX effective at the opening of the market on Tuesday, February 17, 2026 under its current ticker symbol, “RUA”.
Robert Eckford, CEO of RUA GOLD, commented: “Graduating to the TSX is a significant milestone for RUA GOLD. The uplisting will enhance our visibility in the capital markets and enable us to continue to attract key institutional and retail investors as we continue to develop the Reefton Project and Glamorgan Project in New Zealand.”
RUA GOLD will continue to remain a “reporting issuer” under applicable Canadian securities laws, and the Common Shares will also remain listed on the OTCQB under the symbol “NZAUF”. Shareholders are not required to take any action in connection with the TSX uplisting.
About RUA GOLD
RUA GOLD is an exploration company, strategically focused on New Zealand. With decades of expertise, their team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is 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 CONTACT:
Robert Eckford
Phone: (604) 655-7354
Email: reckford@ruagold.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news 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 New Zealand properties; the intended listing date on the TSX and the delisting date on the TSX Venture Exchange. 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 documents 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283786
SOURCE Rua Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – February 9, 2026) – RUA GOLD INC. (TSXV: RUA) (OTCQB: NZAUF) (“RUA GOLD” or the “Company”) is pleased to provide an outlook as it outlines the strategy for 2026, including the commencement of drilling at the Glamorgan Project on the North Island and the advancement of the Reefton Project toward permitting on the South Island of New Zealand.
Following the completion of the oversubscribed and upsized financing in January 2026, the Company has approximately C$38 million in available cash and is well-positioned to deliver several key catalysts for shareholders.
Figure 1: A summary of key catalysts planned for 2026
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EXPANDED DRILL PROGRAM ACROSS THE REEFTON PROJECT
The drill program underway across the Reefton Goldfield has two primary objectives:
Work is ongoing with RSC Consulting to complete the updated NI 43-101 Technical Report for the Reefton Project, which is expected to be published by the end of the month. Completion of this report will establish a baseline resource at Auld Creek and support ongoing drill planning aimed at maximising resource growth.
Catalyst: Ongoing exploration updates coming to the market supported by the four drill rig program.
PERMITTING UNDERWAY FOR THE REEFTON PROJECT
RUA GOLD is actively advancing permitting-related activities on the West Coast of New Zealand. The Company has appointed key partners to support environmental studies and the permitting process. These partners bring strong and relevant experience from neighbouring projects, including Endura Mining’s Snowy River Project, OceanaGold’s Globe Progress reclamation project, and OceanaGold’s Wharekirauponga Project on the North Island. Wharekirauponga was the first mine fully permitted under New Zealand’s Fast-track process in just 112 days and is currently under construction.
Field visits were completed during December and January, and the Company is targeting submission of a Fast-track referral application in Q1 2026, with a regulatory decision anticipated in Q2 2026. This decision will determine whether the Reefton Project qualifies for the six-month Fast-Track permitting process.
Given the presence of antimony as a by-product at the Reefton Goldfield, and its strategic importance to New Zealand amid global efforts to secure critical minerals, the Company is confident in the project’s eligibility for the Fast-track process.
Figure 2: Reefton Project Permitting Timeline
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Engagement with our local Māori stakeholders, Te Runanga o Ngāti Waewae, has been ongoing with respect to exploration activities and future development plans. Ngāti Waewae are strong supporters of the project and will work closely with the Company throughout the Fast-Track permitting process, including assisting with cultural impact assessments. Community and regulatory consultations have commenced and will continue to intensify throughout 2026.
Subject to a successful referral application, the Company is targeting submission of the Fast-Track mining permit application by the end of 2026.
Catalyst: Anticipated inclusion of the Reefton Project in the Fast-Track permitting process in Q2 2026 and submission of a mining permit application in Q4 2026. Throughout 2026, the Company will continue environmental and technical studies in preparation for the mining application.
NEW ZEALAND JOINS THE INTERNATIONAL MINERALS SECURITY PARTNERSHIP
New Zealand has joined the international Minerals Security Partnership to attract investment and strengthen its critical minerals sector, aligning with its Minerals Strategy to double its mineral export value by 2035 and support resilient, sustainable global supply chains.
Ministers Shane Jones and Winston Peters say membership places New Zealand alongside major economies, boosts international relationships, and helps unlock the country’s natural resources and innovative technologies to create high-value regional jobs (refer to www.beehive.govt.nz/release/new-international-partnership-attract-investment-critical-minerals).
This strategic partnership entered by the New Zealand Government, aligns perfectly with the development strategy that RUA GOLD is currently executing on, further encouraging a positive outcome for Fast-Track permitting for the Reefton Project.
The Minerals Security Partnership includes Australia, Canada, Japan, the Republic of Korea, the United Kingdom, the United States, and the European Union among others.
COMMENCEMENT OF DRILLING AT THE GLAMORGAN PROJECT
The Glamorgan Project is located within the highly prospective Hauraki Goldfield on the North Island of New Zealand. The district has historically produced 15Moz gold and 60Moz silver, with active mining operations ongoing today. RUA GOLD’s tenements are adjacent to OceanaGold’s Wharekirauponga Project, which recently advanced through Fast-Track permitting process in 112 days, and is now under construction.1
Over the past 18-months, RUA GOLD has completed a comprehensive and systematic surface exploration program at the Glamorgan Project. This work has identified geological features extending 3 kilometres north that are geologically analogous to Wharekirauponga. The Company has defined four major gold-arsenic anomalies, each trending approximately 4 kilometres in length.
These results have established a strong pipeline of drill-ready targets and support a well-defined initial 5,000-metre drill program to be executed with two drill rigs over a six-month period.
Catalyst: Drill permit applications have been submitted, and environmental studies are underway. Completion of these studies is expected by the end of February, followed by Māori consultation in March. The Company anticipates receipt of drill permits in Q2 2026.
Figure 3: The Glamorgan Project is located adjacent to the high-grade Wharekirauponga and Waihi gold deposits.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/283153_2dc02958a42e285f_008full.jpg
ABOUT RUA GOLD
RUA GOLD is a well funded exploration company, strategically focused on New Zealand. With decades of expertise, their team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is 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.
RUA GOLD Contact
| New Zealand Simon Delander VP Risk Stakeholder Regulatory Affairs Email: sdelander@RUAGOLD.com Website: www.RUAGOLD.com | Canada Robert Eckford Chief Executive Officer Email: reckford@RUAGOLD.com |
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news 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 New Zealand properties; statements with respect to additional targets; the expectations and timing of permits; the filing of the technical reports of the Reefton and Glamorgan projects; the completion of the PEA; and timing and acceptance of the Reefton Project through the Fast-track permitting process. 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 documents 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.
1 The Company has no interest in, or rights to, any of the adjacent properties mentioned, and exploration results on adjacent properties are not necessarily indicative of mineralization on the Company’s properties. Any references to exploration results on adjacent properties are provided for information only and do not imply any certainty of achieving similar results on the Company’s properties.
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SOURCE Rua Gold Inc.
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
VANCOUVER, BC, Jan. 22, 2026 /CNW/ – RUA GOLD INC. (“Rua” or the “Company”) (TSXV: RUA) (OTCQB: NZAUF) is pleased to announce that, due to strong investor demand, it has increased the size of its previously announced non-brokered private placement offering of common shares of the Company (“Common Shares”) to raise gross proceeds of up to $8,005,800 (the “Upsized Non-Brokered Offering”), consisting of 7,278,000 Common Shares at a price of $1.10 per Common Share, up from the previously announced $5,005,000.
The net proceeds of the Upsized Non-Brokered Offering will be used for exploration and development activities on the Company’s Reefton Project and Glamorgan Project, both located in New Zealand, and for working capital and general corporate purposes.
No finder’s fee will be paid in connection with the Upsized Non-Brokered Offering.
The Common Shares issued under the Upsized Non-Brokered Offering will be issued on a non-brokered private placement basis pursuant to applicable exemptions under National Instrument 45-106 – Prospectus Exemptions. The Common Shares will be issued to purchasers in each of the provinces of Canada, except Québec, and other qualifying jurisdictions, including the United States on a private placement basis pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). The Common Shares issued under the Upsized Non-Brokered Offering will be subject to resale restrictions pursuant to applicable Canadian securities laws of four months and one day from the closing date of the Upsized Non-Brokered Offering.
The Upsized Non-Brokered is expected to close on or about January 28, 2026, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange (“TSX-V”) and the applicable securities regulatory authorities. The Upsized Non-Brokered Offering is subject to final acceptance of the TSX-V.
The Common Shares have not been registered and will not be registered under the U.S. Securities Act, or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, “U.S. Persons” (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About Rua Gold Inc.
Rua Gold Inc. is an exploration company, strategically focused on New Zealand. With decades of expertise, their team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is 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.
Robert Eckford
Chief Executive Officer
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
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: closing of the Upsized Non-Brokered Offering, including receipt of approvals therefor, 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.
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.
Vancouver, British Columbia–(Newsfile Corp. – January 19, 2026) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company“) is pleased to provide an exploration update on its Auld Creek gold-antimony project in the Reefton Goldfield, New Zealand, and to outline the key permitting catalysts for 2026.
Highlights:
Encouraging new mineral intersections confirm expansion of the Auld Creek system beyond 870m (Fraternal lode), with mineralization remaining open to the north and unconstrained at depths exceeding 320m. A third drill rig is scheduled to commence drilling by the end of January, accelerating resource development and testing anomalies directly along strike of both the Fraternal and Bonanza lodes.
The Company has significantly advanced permitting activities in the region and is targeting submission of a Fast Track referral application in the first half of 2026. Consultant and stakeholder site visits commenced in December 2025, with the majority of the independent advisors scheduled to visit the Auld Creek site and surrounding areas in January 2026.
Robert Eckford, CEO of RUA GOLD, commented: “Auld Creek continues to be a cornerstone asset for the Company. Ongoing drilling is expanding both the scale and confidence of the mineralized system as we advance toward mine permitting.
We intend to use the FAST TRACK legislation for the Auld Creek gold-antimony project, with the objective of bringing New Zealand’s largest known antimony deposit into production. Our confidence in this permitting regime was reinforced by the approval of OceanaGold’s Wharekirauponga gold-silver project in December 2025.”
Figure 1: Overview of the Reefton Goldfield.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/280793_0718bd3f04ddc9b5_007full.jpg
FAST TRACK PROCESS ADVANCING
RUA GOLD is actively progressing permitting related activities on the West Coast of New Zealand, with the team targeting submission of a Fast Track referral application in the first half of 2026.
Engagement with our local Maori stakeholders, Te Runanga o Ngāti Waewae has been ongoing with respect to exploration activities and future development plans. Ngāti Waewae are strong supporters of the project and will work closely with the Company throughout the Fast Track process, including assisting with cultural impact assessments.
The mine concept design was completed in 2025 by engineering firm AMC Consultants, and the Company is currently tendering works to support the upcoming PEA. Community and regulatory consultations have commenced and will intensify throughout 2026. Subject to a successful referral application, the Company is targeting submission of the Fast Track application by the end of 2026.
AULD CREEK EXPLORATION UPDATE
The 2025 systematic drill program was designed to expand the scale of known mineralization and enhance confidence in the geological and resource model. Drilling has successfully demonstrated strike continuity of the Fraternal lode over 870m, with mineralization remaining open to the north and unconstrained at depth.
A central portion of the structure remains untested; the expansion to three drill rigs and implementation of double-shift operations will allow this zone to be tested in the first quarter of 2026.
Figure 2: Auld Creek Fraternal long section
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/280793_0718bd3f04ddc9b5_008full.jpg
Drilling and geological interpretation indicate that higher-grade mineralized shoots persist in a sub-vertical orientation. Drilling in 2026 will focus on extending these shoots at depth and infilling the resource envelope over its 870m strike length.
Assay results show:
ACDDH041, ACDD042, ACDDH043, ACDDH044, ACDDH045, ACDDH046, ACDDH048, ACDDH049, ACDDH051 and ACDDH057 intercepted the structure, with only weak mineralization.
Collectively, these results materially advance the Company’s understanding of the Auld Creek system, demonstrating its scale and structural continuity, and provide clear vectors to guide subsequent drilling focused on expanding higher-grade mineralization along plunge to the north and at depth, where drilling to date has not yet exceeded 320m vertically. Comparable orogenic gold-antimony deposits commonly demonstrate continuity of mineralisation well beyond 1,000m vertically.
MAPPING AND SURFACE GEOCHEMISTRY
Fraternal Lode
Surface gold-arsenic-antimony soil anomalism demonstrates that the Fraternal lode extends at least 400m to the north, with soil tenor comparable to the main Auld Creek resource zone. Regional soil gold-arsenic-antimony geochemistry demonstrates a mineralised structure exceeding 2,000m in length.
The third rig introduced in January 2026 will conduct scout drilling along this strike length of the Fraternal lode during the first half of 2026.
Bonanza Lode
Surface geological mapping guided by strongly anomalous gold-arsenic antimony soil sampling has identified strong mineralised quartz veining 250m northwest of the Bonanza lode, extending its stroke length from 350m to 600m. This area will be a priority drilling target in Q1 2026.
Figure 3: Location of Auld Creek drilling relative to 2,000m strike extent seen in the surface geochemistry.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/280793_0718bd3f04ddc9b5_009full.jpg
REGIONAL OPPORTUNITIES
Auld Creek represents one of at least six known occurrences of gold-antimony with high-grade gold-antimony in insitu rock chips and historical underground workings stretched over a known 30km length in the Reefton Goldfield covered by Rua Gold’s permits. A fourth drill rig continues to evaluation high-priority gold targets beyond Auld Creek.
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 development project, Wharekirauponga, which is now fully permitted and under construction.
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 or opinions in the technical disclosure herein.
QA/QC Drill Core
Core samples were sent to SGS Laboratories, Westport for sample preparation. SGS is independent of the Company. 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 and Rock Samples
Samples were crushed to 75% passing 2 mm (SGS code CRU75) and pulverised to 85% passing 75 µm (SGS code PUL85_CR). The pulverised rock-chips were split into two samples: a ~50 g sent for laboratory analysis, and the reject returned to RUA GOLD for pXRF analysis and storage. Rock chip samples are selective by their nature, and not necessarily indicative of mineralization throughout the project.
RUA GOLD Contact
New ZealandSimon Delander
VP Risk Stakeholder Regulatory Affairs
Email: sdelander@RUAGOLD.comWebsite: www.RUAGOLD.com
CanadaRobert Eckford
Chief Executive Officer
Email: reckford@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 ID | Easting | Northing | rL | Total Depth | Site _ID | Dip | Azimuth (true) | Year |
| ACDDH022 | 1507213 | 5333198 | 511.11 | 108.5 | Pad 10 | -54 | 193 | 2024 |
| ACDDH023 | 1507213 | 5333200 | 510.87 | 51.5 | Pad 10 | -60 | 85 | 2024 |
| ACDDH024 | 1507290 | 5333150 | 538.41 | 156.3 | Old Pad 13 | -37 | 220 | 2025 |
| ACDDH025 | 1507290 | 5333151 | 538.03 | 180.9 | Old Pad 13 | -54 | 248 | 2025 |
| ACDDH026 | 1507291 | 5333151 | 537.77 | 200 | Old Pad 13 | -59 | 231 | 2025 |
| ACDDH027 | 1507291 | 5333150 | 538.15 | 193.4 | Old Pad 13 | -45 | 212 | 2025 |
| ACDDH028 | 1507078 | 5332957 | 605.4 | 243.5 | Pad 18 | -50 | 104 | 2025 |
| ACDDH029 | 1507079 | 5332956 | 605.43 | 256 | Pad 18 | -50 | 120 | 2025 |
| ACDDH030 | 1507074 | 5332955 | 606.38 | 268.5 | Pad 18 | -53 | 85 | 2025 |
| ACDDH031 | 1507074 | 5332955 | 606.24 | 336 | Pad 18 | -65 | 74 | 2025 |
| ACDDH032 | 1507075 | 5332956 | 606.15 | 351.6 | Pad 18 | -70 | 108 | 2025 |
| ACDDH033 | 1507076 | 5332956 | 606.13 | 291.1 | Pad 18 | -64 | 92 | 2025 |
| ACDDH034 | 1507213 | 5333197 | 511.61 | 200 | Pad 10 | -72 | 267 | 2025 |
| ACDDH035 | 1507209 | 5333371 | 511.61 | 194.3 | Pad 02 | -53 | 85 | 2025 |
| ACDDH036 | 1507209 | 5333371 | 511.61 | 200.8 | Pad 02 | -60 | 125 | 2025 |
| ACDDH037 | 1507209 | 5333371 | 511.61 | 189.3 | Pad 02 | -62 | 49 | 2025 |
| ACDDH038 | 1507209 | 5333371 | 511.61 | 154.3 | Pad 02 | -67 | 72 | 2025 |
| ACDDH039 | 1507209 | 5333371 | 511.61 | 188 | Pad 02 | -75 | 60 | 2025 |
| ACDDH040 | 1507209 | 5333371 | 511.61 | 238.7 | Pad 02 | -67 | 39 | 2025 |
| ACDDH041 | 1507195 | 5333291 | 512.26 | 154 | Pad 04 | -45 | 270 | 2025 |
| ACDDH042 | 1507166 | 5332776 | 656 | 206.1 | Pad 17 | -45 | 120 | 2025 |
| ACDDH043 | 1507195 | 5333291 | 512.26 | 207.3 | Pad 04 | -72 | 273 | 2025 |
| ACDDH044 | 1507195 | 5333291 | 512.26 | 200 | Pad 04 | -54 | 294 | 2025 |
| ACDDH045 | 1507166 | 5332776 | 656 | 174.2 | Pad 17 | -68 | 64 | 2025 |
| ACDDH046 | 1507195 | 5333291 | 512.26 | 215.2 | Pad 04 | -83 | 295 | 2025 |
| ACDDH047 | 1507166 | 5332776 | 656 | 252 | Pad 17 | -81 | 51 | 2025 |
| ACDDH048 | 1507085 | 5332837 | 574 | 251.7 | Pad 20 | -62 | 88 | 2025 |
| ACDDH049 | 1507195 | 5333291 | 512 | 122.5 | Pad 04 | -63 | 85 | 2025 |
| ACDDH050 | 1507195 | 5333291 | 512 | 172 | Pad 04 | -73 | 84 | 2025 |
| ACDDH051 | 1507085 | 5332837 | 574 | 308.8 | Pad 20 | -66 | 71 | 2025 |
| ACDDH052 | 1507195 | 5333291 | 512 | 209.3 | Pad 04 | -70 | 45 | 2025 |
| ACDDH053 | 1507085 | 5332837 | 574 | 325.4 | Pad 20 | -71 | 75 | 2025 |
| ACDDH054 | 1507195 | 5333291 | 512 | 240 | Pad 04 | -79 | 81 | 2025 |
| ACDDH055 | 1507180 | 5333527 | 450.8266 | 175.9 | Pad 05 | -45 | 115 | 2025 |
| ACDDH056 | 1507074 | 5332955 | 606.24 | 276.5 | Pad 18 | -43 | 65 | 2025 |
| ACDDH057 | 1507180 | 5333527 | 450.8266 | 240 | Pad 05 | -59 | 118 | 2025 |
Table 2: Significant drilling intercepts at Auld Creek, full mineralized zone composites.
| Hole ID | From | To | Interval | Au (g/t) | Sb (%) |
| ACDDH026 | 175 | 175.9 | 0.9 | 0.96 | |
| ACDDH026 | 175.9 | 177.1 | 1.2 | 1.55 | |
| ACDDH027 | 152 | 153 | 1 | 2.52 | |
| ACDDH027 | 153 | 154 | 1 | 1.88 | |
| ACDDH027 | 154 | 155 | 1 | 3.44 | |
| ACDDH027 | 155 | 156 | 1 | 2.25 | |
| ACDDH027 | 156 | 157 | 1 | 1.84 | |
| ACDDH027 | 157 | 158 | 1 | 0.37 | |
| ACDDH027 | 158 | 159 | 1 | 0.15 | |
| ACDDH027 | 159 | 160 | 1 | 2.38 | 0.013% |
| ACDDH027 | 160 | 161 | 1 | 2.39 | 0.802% |
| ACDDH027 | 161 | 162 | 1 | 4.75 | 0.008% |
| ACDDH027 | 162 | 163 | 1 | 2.84 | 0.016% |
| ACDDH027 | 163 | 164 | 1 | 8.42 | 0.010% |
| ACDDH027 | 164 | 165 | 1 | 4.7 | 0.010% |
| ACDDH027 | 165 | 166 | 1 | 3.77 | 0.009% |
| ACDDH027 | 166 | 167 | 1 | 15 | 0.178% |
| ACDDH027 | 167 | 168 | 1 | 3.11 | 0.428% |
| ACDDH028 | 209.5 | 210.15 | 0.65 | 0.92 | |
| ACDDH028 | 210.15 | 210.6 | 0.45 | 18.4 | 11.600% |
| ACDDH028 | 210.6 | 211.4 | 0.8 | 8.28 | 4.680% |
| ACDDH028 | 211.4 | 212 | 0.6 | 1.68 | |
| ACDDH031 | 310.4 | 312.5 | 2.1 | 5.4 | 13.06% |
| ACDDH032 | 296 | 305 | 9.0 | 0.6 | |
| ACDDH033 | 263.8 | 265 | 1.2 | 2.09 | 0.30% |
| ACDDH033 | 265 | 266 | 1 | 0.54 | 0.02% |
| ACDDH033 | 266 | 267 | 1 | 1.58 | |
| ACDDH033 | 267 | 268 | 1 | 0.71 | |
| ACDDH035 | 127 | 128 | 1 | 2.48 | |
| ACDDH035 | 128 | 129 | 1 | 1.5 | |
| ACDDH036 | 84 | 85 | 1 | 1.63 | |
| ACDDH036 | 85 | 86 | 1 | 0.18 | |
| ACDDH036 | 86 | 87 | 1 | 0.21 | |
| ACDDH036 | 87 | 88 | 1 | 0.5 | |
| ACDDH036 | 88 | 89 | 1 | 0.68 | |
| ACDDH036 | 89 | 90 | 1 | 2.08 | 0.06% |
| ACDDH037 | 147 | 148 | 1 | 1.98 | 0.02% |
| ACDDH037 | 148 | 149 | 1 | 0.44 | |
| ACDDH037 | 149 | 150 | 1 | 1.55 | |
| ACDDH037 | 150 | 151 | 1 | 0.26 | |
| ACDDH037 | 151 | 152 | 1 | 0.05 | |
| ACDDH037 | 152 | 153 | 1 | 0.07 | |
| ACDDH037 | 153 | 154 | 1 | <0.01 | |
| ACDDH037 | 154 | 155 | 1 | <0.01 | |
| ACDDH037 | 155 | 156 | 1 | 0.07 | |
| ACDDH037 | 156 | 157 | 1 | 0.59 | 0.02% |
| ACDDH037 | 157 | 158 | 1 | <0.01 | 0.01% |
| ACDDH037 | 158 | 159 | 1 | 10.8 | 0.04% |
| ACDDH037 | 159 | 160 | 1 | 10.8 | 0.79% |
| ACDDH037 | 160 | 161 | 1 | 8.46 | 0.02% |
| ACDDH037 | 161 | 162 | 1 | 6 | 1.70% |
| ACDDH037 | 162 | 163 | 1 | 7.49 | 2.31% |
| ACDDH037 | 163 | 164 | 1 | 2.15 | |
| ACDDH037 | 164 | 165 | 1 | 2.24 | |
| ACDDH037 | 165 | 166 | 1 | 1.93 | |
| ACDDH037 | 166 | 167 | 1 | 0.99 | |
| ACDDH037 | 167 | 168 | 1 | 1.05 | |
| ACDDH037 | 168 | 169 | 1 | 1.7 | 0.02% |
| ACDDH038 | 109.5 | 110.5 | 1 | 2.43 | |
| ACDDH038 | 110.5 | 111.3 | 0.8 | 0.59 | |
| ACDDH038 | 111.3 | 112 | 0.7 | 0.73 | |
| ACDDH038 | 112 | 113 | 1 | 0.43 | |
| ACDDH039 | 150 | 151 | 1 | 1.48 | 0.01% |
| ACDDH039 | 151 | 152 | 1 | 0.9 | 0.03% |
| ACDDH039 | 152 | 153 | 1 | 1.22 | 0.06% |
| ACDDH039 | 153 | 154 | 1 | 0.27 | 0.01% |
| ACDDH039 | 154 | 155 | 1 | 2.73 | 0.53% |
| ACDDH039 | 155 | 156 | 1 | 6.87 | 0.04% |
| ACDDH039 | 156 | 157 | 1 | 3 | 1.67% |
| ACDDH039 | 157 | 158 | 1 | 8.06 | 4.83% |
| ACDDH039 | 158 | 159 | 1 | 4.47 | 3.05% |
| ACDDH039 | 159 | 160 | 1 | 2.52 | 0.08% |
| ACDDH039 | 160 | 161 | 1 | 8.01 | 5.22% |
| ACDDH039 | 161 | 162 | 1 | 3.35 | 0.21% |
| ACDDH039 | 162 | 163 | 1 | 5.62 | 0.16% |
| ACDDH039 | 163 | 164 | 1 | 0.71 | 0.01% |
| ACDDH039 | 164 | 165 | 1 | 7.63 | 8.75% |
| ACDDH039 | 165 | 166 | 1 | 1.8 | 0.01% |
| ACDDH039 | 166 | 167 | 1 | 1.84 | 0.02% |
| ACDDH040 | 206 | 207 | 1 | 0.09 | |
| ACDDH040 | 207 | 208 | 1 | 0.41 | |
| ACDDH040 | 208 | 209 | 1 | 0.42 | |
| ACDDH040 | 209 | 210 | 1 | 0.26 | |
| ACDDH040 | 210 | 211 | 1 | 0.12 | |
| ACDDH040 | 211 | 212 | 1 | 0.02 | |
| ACDDH040 | 212 | 213 | 1 | 0.02 | |
| ACDDH040 | 213 | 214 | 1 | 0.4 | |
| ACDDH040 | 214 | 215 | 1 | 0.67 | |
| ACDDH040 | 215 | 216 | 1 | 0.44 | |
| ACDDH040 | 216 | 217 | 1 | 0.01 | |
| ACDDH040 | 217 | 218 | 1.10 | 0.06 | |
| ACDDH040 | 218 | 219 | 0.70 | 0.26 | |
| ACDDH040 | 219 | 220 | 1 | 0.35 | |
| ACDDH040 | 220 | 221 | 1 | 0.27 | 0.3% |
| ACDDH042 | 79.8 | 80.8 | 1 | 0.15 | |
| ACDDH045 | 104 | 105 | 1 | 0.41 | |
| ACDDH045 | 105 | 106 | 1 | 0.23 | |
| ACDDH047 | 220 | 221 | 1 | 0.17 | |
| ACDDH047 | 221 | 222 | 1 | 0.61 | |
| ACDDH047 | 222 | 223 | 1 | 2.66 | |
| ACDDH047 | 223 | 224 | 1 | 3.52 | |
| ACDDH047 | 224 | 225 | 1 | 1.92 | |
| ACDDH047 | 225 | 226 | 1 | 0.54 | |
| ACDDH047 | 226 | 227 | 1 | 0.35 | |
| ACDDH047 | 227 | 228 | 1 | 0.3 | |
| ACDDH047 | 228 | 229 | 1 | 0.88 | |
| ACDDH047 | 229 | 230 | 1 | 0.15 | |
| ACDDH047 | 232 | 233 | 1 | 0.34 | |
| ACDDH047 | 234 | 235 | 1 | 0.16 | |
| ACDDH047 | 235 | 236 | 1 | 0.38 | |
| ACDDH047 | 236 | 237 | 1 | 0.96 | |
| ACDDH047 | 237 | 238 | 1 | 0.2 | |
| ACDDH047 | 240 | 241 | 1 | 0.16 | |
| ACDDH047 | 251 | 252 | 1 | 1.3 | |
| ACDDH050 | 137 | 138 | 1 | 2.85 | 0.77% |
| ACDDH050 | 138 | 139 | 1 | 5.37 | 5.14% |
| ACDDH050 | 139 | 140 | 1 | 5.32 | 5.87% |
| ACDDH050 | 140 | 141 | 1 | 0.17 | 0.31% |
| ACDDH050 | 153 | 154 | 1 | 0.11 | |
| ACDDH051 | 254 | 255 | 1 | 1.33 | |
| ACDDH051 | 255 | 256 | 1 | 0.62 | |
| ACDDH051 | 256 | 257 | 1 | 0.22 | |
| ACDDH051 | 257 | 258 | 1 | 0.37 | |
| ACDDH051 | 258 | 259 | 1 | 0.14 | |
| ACDDH051 | 259 | 260 | 1 | 0.05 | |
| ACDDH051 | 260 | 261 | 1 | 0.15 | |
| ACDDH051 | 261 | 262 | 1 | 0.39 | |
| ACDDH051 | 262 | 263 | 1 | 0.16 | |
| ACDDH051 | 264 | 265 | 1 | 0.06 | |
| ACDDH051 | 265 | 266 | 1 | 0.1 | |
| ACDDH051 | 266 | 267 | 1 | 0.33 | |
| ACDDH051 | 267 | 268 | 1 | 0.13 | |
| ACDDH051 | 268 | 269 | 1 | 0.16 | |
| ACDDH051 | 269 | 270 | 1 | 0.24 | |
| ACDDH051 | 270 | 271 | 1 | 0.13 | |
| ACDDH051 | 271 | 272 | 1 | 0.02 | |
| ACDDH051 | 272 | 273 | 1 | 0.32 | |
| ACDDH051 | 273 | 274 | 1 | 0.99 | 0.29% |
| ACDDH051 | 274 | 275 | 1 | 0.46 | |
| ACDDH051 | 275 | 276 | 1 | 0.18 | |
| ACDDH051 | 276 | 277 | 1 | 0.01 | |
| ACDDH051 | 277 | 278 | 1 | 0.31 | |
| ACDDH051 | 278 | 279 | 1 | 0.16 | |
| ACDDH051 | 279 | 280 | 1 | 0.17 | |
| ACDDH051 | 280 | 281 | 1 | 0.74 | |
| ACDDH051 | 281 | 282 | 1 | 0.22 | |
| ACDDH055 | 152 | 152.7 | 0.7 | 0.7 | 0.02% |
| ACDDH055 | 152.7 | 153.4 | 0.7 | 2.66 | 0.44% |
| ACDDH055 | 153.4 | 153.9 | 0.5 | 2.83 | 0.12% |
| ACDDH055 | 153.9 | 154.8 | 0.9 | 2.94 | 0.48% |
| ACDDH055 | 154.8 | 155.6 | 0.8 | 1.36 | 0.12% |
| ACDDH055 | 155.6 | 156.1 | 0.5 | 3.56 | 0.73% |
| ACDDH055 | 156.1 | 157 | 0.9 | 0.36 | 0.02% |
| ACDDH056 | 240.4 | 241 | 0.6 | 4.31 | |
| ACDDH056 | 241 | 241.4 | 0.4 | 5.55 | |
| ACDDH056 | 241.4 | 241.8 | 0.4 | 7.89 | |
| ACDDH056 | 241.8 | 242.1 | 0.3 | 0.01 | 5.47% |
| ACDDH056 | 242.1 | 242.5 | 0.4 | 9.48 | |
| ACDDH056 | 242.5 | 242.9 | 0.4 | 6.79 | 1.34% |
| ACDDH056 | 242.9 | 243.3 | 0.4 | 10.4 | |
| ACDDH056 | 243.3 | 244 | 0.7 | 8.95 | |
| ACDDH056 | 244 | 244.5 | 0.5 | 1.51 | |
| ACDDH056 | 244.5 | 245 | 0.5 | 0.54 | |
| ACDDH056 | 245 | 245.5 | 0.5 | 2.11 | |
| ACDDH056 | 245.5 | 246 | 0.5 | 0.4 | |
| ACDDH056 | 246 | 246.5 | 0.5 | 0.03 | |
| ACDDH056 | 247 | 248 | 1 | 0.01 | |
| ACDDH056 | 248 | 249 | 1 | 0.02 | |
| ACDDH057 | 201.6 | 202 | 0.4 | 0.02 | |
| ACDDH057 | 202 | 202.5 | 0.5 | 0.03 | |
| ACDDH057 | 202.5 | 203 | 0.5 | 2.4 | |
| ACDDH057 | 203 | 203.5 | 0.5 | 0.02 | |
| ACDDH057 | 203.5 | 204.4 | 0.9 | 0.02 | |
| ACDDH057 | 204.4 | 204.9 | 0.5 | 0.02 | |
| ACDDH057 | 204.9 | 205.8 | 0.9 | 0.01 |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280793
SOURCE Rua Gold Inc.
https://api.newsfilecorp.com/newsinfo/280793/130
Vancouver, British Columbia–(Newsfile Corp. – November 3, 2025) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company”) is pleased to announce that it has engaged ICP Securities Inc. (“ICP”) to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.
The Company will pay ICP a monthly fee of C$7,500 plus applicable taxes. The agreement between the Company and ICP commenced on November 1, 2025, and has an intial term of four (4) months (the “Initial Term”). It will automatically renew for subsequent one (1) month terms (each an “Additional Term”), unless either party provides at least 30 days written notice prior to the end of the Initial Term or any Additional Term. There are no performance-based factors in the agreement and no stock options or other forms of compensation are being issued in connection with the engagement. ICP and its clients may, from time to time, acquire or hold securities of the Company.
ICP is an arm’s-length party to the Company. ICP’s market making activity will be conducted primarily to correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for all costs associated with buying and selling the Company’s shares, and no third party will provide funds or securities for the market making services.
OPTION GRANT
The Company granted 200,000 options (each, an “Option“) to Mr. Simon Delander of the Company in accordance with the Company’s stock option plan dated July 24, 2024. Each Option is exercisable into one Common Share at an exercise price of $1.02 per Common Share for five years following the date of grant. The Options are subject to a 2-year vesting period with 100,000 Options vesting on October 20, 2026 and 100,000 Options vesting on October 20, 2027.
ABOUT ICP SECURITIES INC.
ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
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.
CONNECT AND SHARE
LinkedIn: https://www.linkedin.com/company/rua-gold
X: https://x.com/RuaGold
YouTube: https://www.youtube.com/@RUA_GOLD/
Facebook: https://www.facebook.com/ruagold.inc
Instagram: https://www.instagram.com/ruagold.inc/
RUA GOLD CONTACT
Robert Eckford
Chief Executive Officer
Phone: +1 604 655 7354
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272929
SOURCE Rua Gold Inc.
Equity Insider News Commentary
Issued on behalf of RUA GOLD Inc.
VANCOUVER, BC, Oct. 29, 2025 /PRNewswire/ — Equity InsiderNews Commentary – Antimony prices have surged above $40,000 per ton as Western nations scramble to replace Chinese supply following export restrictions that slashed shipments by 97%[1]. The Pentagon recently deployed nearly $1 billion in October 2025 to rebuild domestic antimony stockpiles for defense applications including ammunition, night vision systems, and nuclear weapons[2]. This critical-minerals crisis has positioned Western antimony developers as strategic national security assets, creating unprecedented opportunities for RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Nova Minerals Limited (NASDAQ: NCM), Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA), and International Tower Hill Mines (NYSE-American: THM) (TSX: ITH).
Market analysts at Future Markets Insights project the global antimony market will expand from $2.15 billion in 2025 to $3.17 billion by 2035, driven by defense stockpiling, flame retardant demand, and battery applications[3]. With Montana’s only operating antimony smelter expanding capacity 400% and government contracts flowing to domestic producers[4], Western antimony miners are capturing unprecedented strategic value as supply chain security trumps traditional commodity economics.
RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) is emerging as a strategic player in the critical minerals space, controlling what may be one of the Western world’s most significant undeveloped antimony resources at a time when global supply chains face unprecedented disruption. With China’s antimony export restrictions, New Zealand formally designating it as a critical mineral earlier this year, RUA GOLD’s dual-commodity gold-antimony projects in the historically prolific Reefton Goldfield are attracting increasing institutional attention.
The company recently delivered exceptional high-grade results from its expanding Auld Creek project, including standout intercepts of 17m at 9.8g/t AuEq (3.6g/t Au & 1.5% Sb) and 8m at 8.9g/t AuEq (6.2g/t Au & 0.6% Sb). These September results demonstrated significant strike extension of the current resource. Drilling extended the mineralized system both vertically, from 160m to over 300m depth, and along strike from 350m to 620m. Critically, surface samples have returned over 40% antimony, and several drill holes exceed 8% Sb, grades rarely seen this early in a project’s development cycle.
“These drill results from Auld Creek have significantly expanded the scale and potential of the project and put us well on the way to growing the resource base as we announced last month,” said Robert Eckford, CEO of RUA GOLD. “Importantly, the mineralized system has been extended both vertically and along strike and remains open in all directions.”
RUA GOLD recently announced a major expansion to its Reefton drill campaign, mobilizing a third rig and targeting over 4,000 metres of new drilling at Auld Creek to grow the gold-antimony resource above 300,000 ounces by year-end. The company also has a third rig drilling across the remainder of the district, focusing on highly-ranked prospects highlighted by its VRIFYAI targeting process. The regional exploration program has already yielded promising results, with rock chip samples grading 14.3g/t gold discovered over 30km south of Reefton at the Bell Hill permit.
The antimony component adds strategic significance beyond typical gold exploration. With China controlling approximately 60% of global antimony production and implementing strict export controls, Western nations are scrambling to secure alternative sources for this defense-critical metal used in everything from ammunition to flame retardants and advanced batteries. New Zealand’s formal designation of antimony as a critical mineral positions RUA GOLD’s projects within a broader national security framework, potentially accelerating permitting pathways.
Throughout October, the executive team completed an ambitious international conference schedule that showcased the company’s high-grade gold-antimony story to institutional investors across three continents. The tour spanned six major mining investment events including the Munich Mining Conference, the Metals & Mining Virtual Investor Conference, Hidden Gems Conference in New York, the International Mining and Resources Conference in Sydney, the West Coast Minerals Forum in New Zealand, and concluded with the prestigious Swiss Mining Institute Conference in Zurich this week.
“We’re excited to showcase RUA GOLD on this global stage and connect with some of the top minds in mining investment,” said Eckford. “With antimony supply tightening and gold reaching further record highs, RUA GOLD is positioned to be the next explorer transitioning to developer in New Zealand.”
The Reefton Goldfield is a historically prolific district that produced more than 2 million ounces at grades up to 50 g/t. RUA GOLD now controls 120,000 hectares (roughly 95%) in the area and has confirmed multiple stacked mineralized shoots at Auld Creek. Two rigs are currently drilling at the project, testing the Bonanza shoot in the north and the Fraternal shoot in the south, with surface soil geochemistry confirming the system can be traced over a 2.5km strike length.
On the North Island, drill access applications have been submitted for RUA’s Glamorgan project in the Hauraki Goldfield, home to the 10 Moz Martha mine. Glamorgan’s 4 km gold-arsenic anomaly has been refined using VRIFY’sDORA AI engine, with drilling expected to begin in Q4.
With $14 million in cash and a leadership team behind US$11 billion in prior exits, RUA GOLD is well-positioned to deliver meaningful discovery growth across both islands. The combination of high-grade gold exploration potential and strategic antimony exposure creates a compelling dual-commodity profile at a time when both metals are commanding premium attention from global investors.
CONTINUED… Read this and more news for RUA GOLD at: https://equity-insider.com/2025/04/24/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/
In other industry developments and happenings in the market include:
Nova Minerals Limited (NASDAQ: NVA) has commenced procurement of critical mining and processing equipment for its Estelle starter antimony operations and downstream antimony refinery at Port Mackenzie, Alaska, targeting first production of military-grade antimony trisulfide for 2026/27. The company holds approximately A$83.0M in funding, including A$17.5M in cash and a US$43.4M 24-month award from the U.S. Department of War, positioning it as the sole emerging, fully integrated U.S. antimony producer.
“Nova is rapidly progressing to become a fully-integrated domestic producer of military-grade antimony,” said Christopher Gerteisen, CEO of Nova Minerals. “Fuelled by a non-dilutive US$43.4 million award from the U.S. Department of War, we are currently procuring mining and processing equipment expected for delivery in January 2026. We’re currently ahead of schedule, moving towards our first expected production by 2026/27 with urgency.”
Key equipment purchases include two ore sorters following successful test work that achieved 60.3% antimony recovery in a single pass, upgrading feed grade from 15.2% to 35.2% Sb—a 2.3-fold improvement. The company continues to attract interest from other antimony projects seeking offtake agreements beyond Estelle’s stockpiles, advancing discussions with strategic partners to secure additional antimony supply.
Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA), the only current U.S. antimony producer, has announced strong antimony production results at its Galena Complex in Idaho, reporting 447,466 pounds of antimony and 615,817 pounds of copper for the first three quarters of 2025. The year-to-date antimony output alongside copper underscores Galena’s strategic critical metals importance, with a consistent Sb:Cu ratio averaging approximately 0.73—slightly above the historical 0.69-to-1 ratio from previously announced test work.
“Highlighting Galena as the only producing antimony mine in the United States, I am thrilled to announce both antimony and copper production from our Galena Complex,” said Paul Andre Huet, Chairman and CEO of Americas Gold and Silver. “This is the first time under our new management that we are reporting antimony production, reflecting a new era where the antimony and copper from our tetrahedrite ore have the potential to drive significant future revenues. With our recently announced breakthrough of 99%+ antimony extraction from flotation concentrate grading approximately 19% antimony, and the potential to realize on commercial recovery and marketable antimony products that can be produced using proven metallurgical processes, we are in a very strong position to be a major supplier of critical metals that the United States needs.”
The antimony production announced has been delivered while the company makes investments into several growth projects at Galena to set the stage for future near-term production growth. As the company continues to execute its strategy to scale silver production materially by several multiples, potentially restoring historical production levels, it expects to concurrently increase antimony output driven by its focus on increasing production of high-grade silver tetrahedrite ore, which is the primary host for antimony and copper at Galena.
International Tower Hill Mines Ltd. (NYSE-American: THM) (TSX: ITH) has received encouraging results from the first phase of its antimony metallurgy study at the Livengood Gold Project in Alaska, where 54 veins of massive stibnite were detailed during geological modeling. The company compiled four metallurgical composites from individual veins with antimony grades ranging from 1.05% to 2.75% Sb, with samples sent to Advanced Mineral Technology Laboratory Ltd. in London, Ontario for deportment work.
Results for all samples indicate that antimony is carried by stibnite, most of the stibnite is of floatable size (>10 micron), liberation of stibnite is very good at the grind size of p80 250 micron, and the samples have potential to respond well to flotation. The company intends to immediately commence the next phase of test work at SGS Vancouver and SGS Lakefield to assess potential flowsheets, evaluate how samples respond to flotation, and determine concentrate characteristics, though much more metallurgical and extensive work would be required before any determination of antimony recoverability could be established.
CONTACT:
Equity Insider
info@equity-insider.com
(604) 999-4849
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While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
SOURCES CITED:
1. https://www.mining.com/pentagon-moves-to-build-1-billion-critical-minerals-stockpile-to-counter-china-report
2. https://www.metaltechnews.com/story/2025/10/15/tech-metals/pentagon-launches-critical-minerals-mission/2512.html
3. https://www.futuremarketinsights.com/reports/antimony-market
4. https://thewesternnews.com/news/2025/oct/07/montana-antimony-facility-to-expand-increase-production-of-critical-mineral/
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Vancouver, British Columbia–(Newsfile Corp. – October 20, 2025) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company”) is pleased to announce the continued strengthening of its executive team in New Zealand with the appointment of Simon Delander as Vice President, Risk, Stakeholder & Regulatory Affairs.
In this newly created role, Mr. Delander will work closely with CEO Robert Eckford and the broader executive team to lead the Company’s approach to permitting its Reefton Project, with a broader mandate encompassing regulatory compliance, government and community relations, and ESG-related risk management across RUA GOLD’s portfolio in New Zealand.
Most recently, he served as Vice President at Endura Mining (formerly Federation Mining), where he successfully guided the company through the consenting process and developed strong, enduring stakeholder relationships.
With more than 25 years of experience in regulatory affairs, stakeholder engagement, and risk governance within the resource sector, Mr. Delander brings a proven track record of managing complex approvals processes and fostering meaningful relationships with key stakeholder groups – including regulators, iwi, and local communities.
Mr. Delander previously held senior positions at Evolution Mining and MMG, where he oversaw ESG reporting frameworks, conducted risk assessments, and navigated evolving regulatory landscapes. In addition, Mr. Dalander serves as a board member of the New Zealand Minerals Council, the New Zealand Mine Rescue Trust, and Terra Firma Mining Limited. His strategic insight and collaborative approach will further strengthen RUA GOLD’s commitment to aligning its growth objectives with its environmental and social responsibilities.
Robert Eckford, CEO of RUA GOLD, commented: “We are thrilled to welcome Simon Delander to the RUA GOLD leadership team. As we continue to advance our Reefton Project, we cannot overstate the importance of strong, transparent, and proactive stakeholder engagement. Simon’s proven ability to deliver in this area will ensure RUA GOLD is well-positioned to navigate the regulatory landscape, de-risk our projects, and deepen our relationships with stakeholders. His appointment further enhances our capability to deliver long-term, sustainable value for both shareholders and the communities in which we operate.”
Extension of Capital Gain Media Inc.: On August 4, 2025, the Company entered into an investor relations agreement with Capital Gain Media Inc. (“Capital Gain”). Pursuant to the investor relations agreement, Capital Gain has agreed to provide content development and digital marketing services. In accordance with the terms and conditions of the investor relations agreement and as consideration for the services provided by Capital Gain, the Company agreed to pay an additional aggregate cash fee of US$120,000, plus applicable taxes. As of the date hereof, to the Company’s knowledge, Capital Gain (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 Capital Gain Agreement, the Company will not issue any securities to Capital Gain as compensation for its marketing service. Capital Gain provides investor relation services and the contact information for Capital Gain is: Capital Gain Media Inc., 1111 West Hastings Street, 15th Floor, Vancouver, BC V6E 2J3. The contact person of Capital Gain is Graham Colmer, email: admin@capitalgainmedia.com, phone: 1 (604) 379-8363
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.
Connect and Share
LinkedIn: https://www.linkedin.com/company/rua-gold
X: https://x.com/RuaGold
YouTube: https://www.youtube.com/@RUA_GOLD/
Facebook: https://www.facebook.com/ruagold.inc
Instagram: https://www.instagram.com/ruagold.inc/
RUA GOLD Contact
Robert Eckford
Chief Executive Officer
Phone: +1 604 655 7354
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271029
SOURCE Rua Gold Inc.
Equity Insider News Commentary
Issued on behalf of RUA GOLD Inc.
VANCOUVER, BC, Oct. 10, 2025 /PRNewswire/ — Equity InsiderNews Commentary – While gold’s breach of $4,000 per ounce grabbed headlines this week[1], the real story is unfolding in mining company balance sheets. Production costs have barely budged even as gold surged over 50% in 2025, creating what industry insiders call “windfall margins” where nearly every price increase drops straight to the bottom line[2]. Federal Reserve rate cuts and relentless central bank buying have removed the ceiling on gold’s upside[3], putting companies like RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF), Thesis Gold Inc. (TSXV: TAU) (OTCQX: THSGF), Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF), and Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF).
With central banks snapping up 900 tonnes annually and Wall Street forecasting $4,900 gold by late 2026[4], the structural drivers supporting this rally show no signs of reversing. The math is simple: stable all-in sustaining costs plus soaring gold prices equals profit margins expanding at nearly twice the rate of gold’s price appreciation, creating a rare window where established producers and early-stage developers alike can generate exceptional returns for shareholders positioned ahead of the next leg higher.
RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) recently delivered exceptional high-grade results back in September from its expanding Auld Creek project, including standout intercepts of 17m at 9.8g/t AuEq and 8m at 8.9g/t AuEq. These latest results demonstrate significant strike extension of the current resource, positioning the company for substantial resource growth by year-end. The company has also made promising regional discoveries, with rock chip samples grading 14g/t gold found over 30km south of Reefton.
“These drill results from Auld Creek have significantly expanded the scale and potential of the project and put us well on the way to growing the resource base as we announced last month,” said Robert Eckford, CEO of RUA GOLD. “Importantly, the mineralized system has been extended both vertically and along strike and remains open in all directions.”
The company recently announced a major expansion to its Reefton drill campaign, mobilizing a third rig and targeting over 4,000 metres of new drilling at Auld Creek to grow the gold-antimony resource above 300,000 ounces by year-end. RUA GOLD also has a third rig drilling at targets across the remainder of the district, focusing on highly ranking prospects highlighted by its VRIFY AI targeting process.
With momentum building and results accelerating, RUA GOLDjust announced an ambitious Q4 conference schedule that will showcase the company’s high-grade gold-antimony story to institutional investors across three continents. The executive team will present at six major mining investment events spanning Munich, New York, Sydney, New Zealand, and Zurich throughout October and November.
“We’re excited to showcase RUA GOLD on this global stage and connect with some of the top minds in mining investment,” said Eckford. “With antimony supply tightening and gold reaching further record highs, RUA GOLD is positioned to be the next explorer transitioning to developer in New Zealand.”
The conference circuit kicked off at Munich Mining Conference on October 3-4, where CFO Zeenat Lokhandwala presented to over 1,000 German retail investors. The schedule continues with the Metals & Mining Virtual Investor Conference (October 7-9), Hidden Gems Conference in New York (October 20-21), and the International Mining and Resources Conference in Sydney (October 21-23), where COO Simon Henderson will represent RUA GOLD within the New Zealand pavilion. The tour concludes with the West Coast Minerals Forum in New Zealand (October 30) and the prestigious Swiss Mining Institute Conference in Zurich (November 20-21).
The Reefton Goldfield is a historically prolific district that produced more than 2 million ounces at grades up to 50 g/t. RUA GOLD now controls 120,000 hectares (roughly 95%) in the area and has confirmed multiple stacked mineralized shoots at Auld Creek, including previous standout intercepts of 2.1 m at 64 g/t AuEq (5.5 g/t gold and 13.1% antimony).
Antimony continues to be a major tailwind for the company’s positioning, with prices surging past US$50,000 per tonne in 2025 following China’s export restrictions. New Zealand has formally designated it as a critical mineral, adding further significance to RUA GOLD’s dual-commodity profile. Surface samples have returned over 40% Sb, and several drill holes exceed 8%, grades rarely seen this early in a project’s development cycle.
On the North Island, drill access applications have been submitted for RUA’s Glamorgan project in the Hauraki Goldfield, home to the 10 Moz Martha mine. Glamorgan’s 4 km gold-arsenic anomaly has been refined using VRIFY’sDORA AI engine, with drilling expected to begin in Q4.
With $14 million in cash and a leadership team behind US$11 billion in prior exits, RUA GOLD is well-positioned to deliver meaningful discovery growth across both islands.
CONTINUED… Read this and more news for RUA GOLD at: https://equity-insider.com/2025/04/24/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/
In other industry developments and happenings in the market include:
Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) has announced a maiden mineral resource estimate at its 100%-owned Manhattan District in Nevada, comprising 18,343,000 tonnes grading 1.26 g/t gold for 740,000 oz contained gold in the inferred category. The company also disclosed a historical mineral resource estimate covering satellite deposits at Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo totaling 1,652,325 tonnes grading 5.89 g/t gold for 303,949 oz contained gold.
“The Maiden MRE represents the starting point for the newly consolidated 100%-owned Manhattan District, and does not yet incorporate any 2025 drilling by the Company,” said Zayn Kalyan, CEO of Scorpio Gold. “The estimates also highlight the high-grade nature of the gold mineralization, with grade being the key factor that distinguishes Manhattan from other open-pit assets in Nevada. Scorpio Gold’s objective is to build a multi-million-ounce resource at a grade that sets it apart from peers – an objective we are well positioned to pursue with the team and capital in place.”
The maiden resource incorporates over 92,000 metres of historical drilling across more than 1,300 drillholes and does not yet include the company’s 2025 drilling program, which remains underway. An NI 43-101 technical report detailing the mineral resource estimate will be filed on SEDAR+ and the company’s website within 45 days.
Thesis Gold Inc. (TSXV: TAU) (OTCQX: THSGF) has reported drilling results extending mineralization at the Bingo Zone of its Lawyers-Ranch Project in British Columbia, with drillhole 25BNGDD002 intersecting 89.30 m of 1.10 g/t Au from surface, including 12.00 m of 2.31 g/t Au, 3.47 g/t Ag, and 0.24% Cu beginning at 71.00 m downhole. The mineralization in this hole extends 30 m beyond currently modeled mineral resource domains and was abandoned ending in mineralization due to ground conditions, further emphasizing expansion potential.
“Our work at Ranch this year continues to underscore the project’s potential beyond what is captured in the 2024 PEA,” said Ewan Webster, President and CEO of Thesis Gold. “Drilling at Bingo emphasizes that there is still room for growth in the Ranch portion of the resource. In addition, the IP survey has opened up an entirely new perspective on the central portion of Ranch.”
The company has completed an 86 line-kilometer induced polarization geophysical survey that has identified several compelling new targets beyond the resource zones. These exploration efforts build on the strong economics outlined in the 2024 Preliminary Economic Assessment, which demonstrated an after-tax NPV (5%) of C$1.28 billion, an IRR of 35.2%, and a 2.0-year payback period at US$1,930 gold and US$24 silver, with updated project economics expected in Q4 2025 through a Prefeasibility Study.
Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) has entered into a definitive agreement to acquire all issued and outstanding common shares of Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF), with each Kesselrun shareholder receiving $0.02 in cash and 0.2152 of a Gold X2 share per Kesselrun share held. The transaction will result in Gold X2 acquiring a 100% interest in Kesselrun’s high-grade Huronian Gold Project, a past-producing mine strategically located adjacent to Gold X2’s Moss Gold Project in Northern Ontario, with existing Kesselrun shareholders owning approximately 4.13% of the combined entity.
“The acquisition of Kesselrun Resources will mark a pivotal step forward for Gold X2 as we continue to consolidate a very prospective gold belt in Ontario,” said Michael Henrichsen, President and CEO of Gold X2. “By bringing the Huronian project under our umbrella, we are positioning Gold X2 with multiple opportunities for potential resource growth and development synergies alongside our flagship Moss Gold Project. We look forward to unlocking the full potential of this regional land package and creating long-term value for all of our shareholders.”
The transaction is expected to close on or about November 27, 2025, subject to Kesselrun shareholder approval (requiring at least 66⅔% of votes cast), court approval, and applicable regulatory approvals including TSXV approval. Gold X2 has also agreed to pay $2,000,000 in outstanding Kesselrun debt to certain creditors and provide a $500,000 interest-free bridge loan to fund transaction costs, with the boards of both companies having unanimously approved the deal and directors and officers of Kesselrun holding approximately 9.75% of outstanding shares entering into voting support agreements.
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Equity Insider
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Vancouver, British Columbia–(Newsfile Corp. – October 7, 2025) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company“) is pleased to announce that the team will be presenting at several conferences during the fourth quarter of 2025.
They include the Metals & Mining Virtual Investor Conference, the Munich Mining Conference (Munich), the Hidden Gems Conference (New York), the International Mining and Resources Conference (IMARC) (Sydney), the West Coast Minerals Forum (New Zealand), and the Swiss Mining Institute (Zurich).
At each of these events, the Company’s executive team will present RUA GOLD’s exploration strategy, recent project milestones, and share insights on what is ahead for both the Reefton Goldfield and Glamorgan Projects. This wide spanning schedule covers the majority of our investor base as well as allowing new investors to gain direct insights into RUA GOLD’s quality high grade gold anitmony assets being agressively advanced by a past proven, high calibre team.
Robert Eckford, CEO of RUA GOLD, commented, “We’re excited to showcase RUA GOLD on this global stage and connect with some of the top minds in mining investment. With antimony supply tightening and gold reaching further record highs, RUA GOLD is positioned to be the next explorer transitioning to developer in New Zealand.”
Metals & Mining Virtual Investor Conference
The Metals & Mining Virtual Investor Conference will take place from October 7 to 9, 2025, virtually via the link below. Robert Eckford, CEO of RUA GOLD, will represent RUA GOLD and be presenting with project updates and outlook for the remainder of the year.
The Company invites individual and institutional investors, as well as advisors and analysts, to attend online at www.VirtualInvestorConferences.com.
RUA GOLD will be presenting on Tuesday, October 7, 2025 at 1:00 – 1:30 pm EST.
This will be a live, interactive online event where investors are invited to ask the Company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
Register for the event at: https://www.virtualinvestorconferences.com/wcc/eh/4814904/lp/5099560/rua-gold-inc-otcqb-nzauf-tsxv-rua.
Munich Mining Conference
The Munich Mining Conference took place on October 3 and 4, 2025, in Munich, Germany, at the Kleine Olympiahalle Munich. Zeenat Lokhandwala, CFO of RUA GOLD, represented RUA GOLD and presented both on stage and during an exclusive interview opportunity. This event attracted over 1,000 German retail investors looking to take advantage of having the opportunity to meet the Company’s executives.
To learn more about Munich Mining Conference, visit: https://www.munich-mining-conference.com.
Hidden Gems Conference
The 2025 Hidden Gems Conference will run from October 20 to 21, 2025 at the Ease Hospitality in New York, United States of America. Robert Eckford will represent RUA GOLD and will present both on stage and in investor 1-on-1’s. Midwood Advisors are the organisers of Hidden Gems Conference, designed with a presentation opportunity followed by private 1-on-1 meetings with brokers, accredited investors and family offices.
International Mining and Resources Conference (IMARC)
IMARC will run from October 21 to 23, 2025 at the International Convention Centre (ICC) Sydney. Simon Henderson, COO of RUA GOLD, will represent RUA GOLD within the New Zealand section of the conference and have RUA GOLD’s geologists along side to answer investor questions.
As Australia’s International Mining Week, IMARC attracts attendees from over 120 countries, with 50 nations represented at a government or ministerial level (including Hon. Shane Jones, New Zealand’s Resource Minister). Alongside the main event, a wide range of sideline events will be hosted by local and international organisations, which will offer even more opportunities to connect and learn.
For more information and registration details, visit: https://imarcglobal.com/.
West Coast Minerals Forum
The West Coast Minerals Forum will take place on October 30, 2025 in Runanga, New Zealand. Both Robert Eckford and Simon Henderson will represent RUA GOLD and will have the chance to take part in panel discussions, company presentations and community discussions.
The West Coast Minerals Forum is an annual event that brings together mining industry players, regulators, policy makers, and suppliers from across the country and from around the world.
For more information and registration details, visit: https://mineralswestcoast.org.nz/forum-2025/.
Swiss Mining Institute Conference
The Swiss Mining Institute Conference (“SMI”) will take place on November 20 and 21, 2025, in Zurich, Switzerland, at the Dolder Grand. Robert Eckford will represent RUA GOLD and present both on stage and in investor 1-on-1’s.
SMI, organized by Bally Capital Advisors SA, is one of Europe’s premier mining investment events, known for bringing together over 1,000 leading Asset Managers, Portfolio Managers, Fund Managers, and other professional investors from around the world. This exclusive, invite-only event highlights over 100 selected mining companies and offers unparalleled insights into the global resource sector.
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.
RUA GOLD Contact
Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269431
SOURCE Rua Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – October 1, 2025) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company“) is pleased to announce the strengthening and expansion of its management team through the appointment of Emmett D’Urso as Vice President, Exploration. Mr. D’Usro will work directly with the Company’s COO, Simon Henderson, further enhancing RUA GOLD’s technical capabilities.
With more than 13 years of mineral exploration experience, Mr. D’Urso brings extensive expertise in orogenic gold exploration, particularly within the Victorian Goldfields, where he has focused on high-grade, narrow vein, Fosterville-style deposits. This experience is especially relevant as RUA GOLD’s Reefton project shares similar geological characteristics. Most recently, he contributed to exploration programs at Global Ore Discovery, where he played a key role in drill program planning and budgeting for antimony projects in New South Wales.
Prior to that Mr. D’Urso served as a Senior Site Official with De Grey Mining during the pivotal Hemi study phase. In this role, he oversaw daily site operations, managed multi-disciplinary exploration teams, and contributed to both greenfields and resource definition campaigns. His leadership and operational oversight through this transformative period at De Grey underscore his ability to guide projects from early discovery toward development with a strong focus on safety, efficiency, and stakeholder engagement.
RUA GOLD CEO, Robert Eckford, commented, “On behalf of our board of directors and management team, I am pleased to welcome Emmett D’Urso as our new Vice President of Exploration. Emmett’s depth of experience working on analog deposits in the Bendigo-Ballarat region brings valuable insight directly applicable to our projects. His addition strengthens our technical team as we advance our portfolio, particularly in Reefton.
With Emmett on board, Simon Henderson, our COO, will be able to dedicate more time to driving forward our Glamorgan Project, where we expect to ramp up activities in Q4 2025. The ongoing expansion of our technical team with such high-caliber talent highlights both the strength of our projects and our commitment to unlocking their full potential.”
Option and DSU Grant
The Company granted 100,000 options (each, an “Option“) to Mr. D’Urso of the Company in accordance with the Company’s stock option plan dated July 24, 2024. Each Option is exercisable into one Common Share at an exercise price of $0.78 per Common Share for five years following the date of grant. The Options are subject to a 3-year vesting period with 33,333 Options vesting on October 1, 2026, 33,333 Options vesting on October 1, 2027, and 33,334 Options vesting on October 1, 2028.
The Company also announces the grant of 140,778 deferred share units (“DSUs“) to non-executive directors of the Company at a deemed price of $0.70 per DSU, in accordance with the Company’s DSU Plan dated July 24, 2024. The DSUs are subject to a one-year vesting. Each DSU entitles the holder to receive one Common Share at the time the holder ceases to be a director of the Company.
New Marketing Agreement
The Company engaged Global One Media Group Pte. Ltd. (“Global One Media“) commencing October 1, 2025. Pursuant to the investor relations agreement, Global One Media has agreed to provide content development and digital marketing services. Global One Media is an investor-focused digital marketing firm and will assist the Company with its digital and social media influencer marketing efforts.
The term of the agreement with Global One Media (the “Global One Agreement“) commences on October 1, 2025 and ends March 31, 2026. The Global One Agreement may be renewed on a monthly basis after the initial term upon the mutual agreement of the Company and Global One Media. Under the terms of the Global One Agreement, the Company has agreed to pay Global One Media a monthly cash fee of USD$5,500. There are no performance factors impacting the compensation of Global One Media, and Global One Media will not receive any securities of the Company as compensation. Global One Media does not have any interest, directly or indirectly, in the Company. The Global One Agreement is subject to regulatory approval by the TSX Venture Exchange.
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.
RUA GOLD Contact
Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268673
SOURCE Rua Gold Inc.
Highlights:
Vancouver, British Columbia–(Newsfile Corp. – September 8, 2025) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company“) is pleased to provide an update on its ongoing drilling campaign at the Reefton Project, located on the South Island of New Zealand. The Company reports additional high-grade gold-antimony intersections, identified 270 meters north along strike of the current resource estimate.
Robert Eckford, CEO of RUA GOLD, commented: “These drill results from Auld Creek have significantly expanded the scale and potential of the project, advancing us toward our goal of growing the resource base as outlined last month. Importantly, the mineralized system has now been extended both vertically and along strike, and remains open in all directions. With two rigs currently active on site and surface geochemistry confirming a 2.5-kilometre-long mineralized corridor, we are well positioned to build on this momentum.
At Cumberland, initial drilling identified well-mineralized quartz veins; however, the structural complexity has limited continuity on a broader scale. We will maintain a disciplined approach to prioritizing our targets and undertake further surface work before resuming drilling here.
Meanwhile, our regional exploration program is off to an encouraging start, with AI-assisted targeting and early rock-chip sampling returning grades of up to 14g/t gold more than 30km south of Reefton. These results highlight the scale of the opportunity as we work to unlock the full potential of the Reefton Goldfield.”
Figure 1: Overview of the Reefton Goldfield.
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Figure 2: Core boxes from intercept ACDDH039 at Auld Creek
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AULD CREEK
RUA GOLD commenced drilling at Auld Creek in December 2024, with a targeted program designed to test four mineralised shoots identified through historical surface exploration and reinforced by this year’s geochemical surveys and geological mapping.
Auld Creek is situated between two past-producing operations – the Globe Progress Mine and the Crushington Group of mines – which collectively produced 933,000oz at an average grade of 14.0g/t Au (Barry 1993). The current resource at Auld Creek is limited to two of the four known shoots, while soil geochemistry indicates strong potential for additional discoveries along a 2.5km strike length.
Since the Company’s last update, seven holes (ACDDH033-039) have been completed, all of which intercepted the mineralized structure.
Assay results show:
ACDDH034 incepted the Bonanza shoot but there was no significant mineralization.
Drilling from the current campaign has extended the Fraternal shoot to more than 300m in vertical depth and 620m along strike, providing strong evidence of resource expansion potential ahead of the planned NI 43-101 resource update at year-end.
A second drill rig was mobilized in September. One rig is focused on testing the northern extent of Bonanza and infilling drill spacing along strike at Fraternal, while the second rig targets the southern extent of Fraternal.
Figure 3: Location of Auld Creek Drilling
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Figure 4: Fraternal ore shoots at Auld Creek.
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CUMBERLAND
The Cumberland Mine Belt is 2.2 kilometer-long target, defined by strong arsenic soil geochemistry, located south of the Globe-Progress Mine. Drilling commenced in April 2025, focusing on the northern section, the Gallant Lode. The first two holes (CUDDH001 and CUDDH002) intersected 25m of mineralization, marking a strong start to the exploration of this historic mine camp. However, in subsequent holes the mineralization pinched out around 100m depth. In total, 16 holes have now been drilled at Cumberland this year, for a total of 2,370m (refer to Figure 5 below).
Drilling on this target has been paused while the team undertakes additional surface exploration work on the southern section of the Cumberland Gold Belt.
Figure 5: Initial drilling completed across the Cumberland Gallant target
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REGIONAL
RUA GOLD has utilized VRIFY AI modelling to guide target generation in its southern regional exploration program. At the Bell Hill permit, located 34km south of Reefton, follow-up work identified two outcropping quartz veins.
Rock-chip samples from these outcrops returned assays of 14.3g/t Au (see Figure 6). Channel sampling of the outcrops has been completed, with assays pending.
Figure 6: Regional view showing location of rock chip samples from Bell Hill
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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
Core samples were sent to SGS Laboratories, Westport for sample preparation. SGS is independent of the Company. 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 Rock Samples
Samples were crushed to 75% passing 2 mm (SGS code CRU75) and pulverised to 85% passing 75 µm (SGS code PUL85_CR). The pulverised rock-chips were split into two samples: a ~50 g sent for laboratory analysis, and the reject returned to RUA GOLD for pXRF analysis and storage. Rock chip samples are selective by their nature, and not necessarily indicative of mineralization throughout the project.
RUA GOLD Contact
Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.comWebsite: 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 ID | Easting | Northing | rL | Total Depth | Site _ID | Dip | Azimuth (true) | Year |
| ACDDH022 | 1507213 | 5333198 | 511.11 | 108.5 | Pad 10 | -54 | 193 | 2024 |
| ACDDH023 | 1507213 | 5333200 | 510.87 | 51.5 | Pad 10 | -60 | 85 | 2024 |
| ACDDH024 | 1507290 | 5333150 | 538.41 | 156.3 | Old Pad 13 | -37 | 220 | 2025 |
| ACDDH025 | 1507290 | 5333151 | 538.03 | 180.9 | Old Pad 13 | -54 | 248 | 2025 |
| ACDDH026 | 1507291 | 5333151 | 537.77 | 200 | Old Pad 13 | -59 | 231 | 2025 |
| ACDDH027 | 1507291 | 5333150 | 538.15 | 193.4 | Old Pad 13 | -45 | 212 | 2025 |
| ACDDH028 | 1507078 | 5332957 | 605.4 | 243.5 | Pad 18 | -50 | 104 | 2025 |
| ACDDH029 | 1507079 | 5332956 | 605.43 | 256 | Pad 18 | -50 | 120 | 2025 |
| ACDDH030 | 1507074 | 5332955 | 606.38 | 268.5 | Pad 18 | -53 | 85 | 2025 |
| ACDDH031 | 1507074 | 5332955 | 606.24 | 336 | Pad 18 | -65 | 74 | 2025 |
| ACDDH032 | 1507075 | 5332956 | 606.15 | 351.6 | Pad 18 | -70 | 108 | 2025 |
| ACDDH033 | 1507076 | 5332956 | 606.13 | 291.1 | Pad 18 | -64 | 92 | 2025 |
| ACDDH034 | 1507213 | 5333197 | 511.61 | 200 | Pad 10 | -72 | 267 | 2025 |
| ACDDH035 | 1507209 | 5333371 | 511.61 | 194.3 | Pad 02 | -53 | 85 | 2025 |
| ACDDH036 | 1507209 | 5333371 | 511.61 | 200.8 | Pad 02 | -60 | 125 | 2025 |
| ACDDH037 | 1507209 | 5333371 | 511.61 | 189.3 | Pad 02 | -62 | 49 | 2025 |
| ACDDH038 | 1507209 | 5333371 | 511.61 | 154.3 | Pad 02 | -67 | 72 | 2025 |
| ACDDH039 | 1507209 | 5333371 | 511.61 | 188 | Pad 02 | -75 | 60 | 2025 |
| ACDDH040 | 1507209 | 5333371 | 511.61 | 238.7 | Pad 02 | -67 | 39 | 2025 |
Table 2: Significant drilling intercepts at Auld Creek, full mineralized zone composites.
| Hole ID | From | To | Interval | Au (g/t) | Sb (%) |
| ACDDH026 | 175 | 175.9 | 0.9 | 0.96 | |
| ACDDH026 | 175.9 | 177.1 | 1.2 | 1.55 | |
| ACDDH027 | 152 | 153 | 1 | 2.52 | |
| ACDDH027 | 153 | 154 | 1 | 1.88 | |
| ACDDH027 | 154 | 155 | 1 | 3.44 | |
| ACDDH027 | 155 | 156 | 1 | 2.25 | |
| ACDDH027 | 156 | 157 | 1 | 1.84 | |
| ACDDH027 | 157 | 158 | 1 | 0.37 | |
| ACDDH027 | 158 | 159 | 1 | 0.15 | |
| ACDDH027 | 159 | 160 | 1 | 2.38 | 0.013% |
| ACDDH027 | 160 | 161 | 1 | 2.39 | 0.802% |
| ACDDH027 | 161 | 162 | 1 | 4.75 | 0.008% |
| ACDDH027 | 162 | 163 | 1 | 2.84 | 0.016% |
| ACDDH027 | 163 | 164 | 1 | 8.42 | 0.010% |
| ACDDH027 | 164 | 165 | 1 | 4.7 | 0.010% |
| ACDDH027 | 165 | 166 | 1 | 3.77 | 0.009% |
| ACDDH027 | 166 | 167 | 1 | 15 | 0.178% |
| ACDDH027 | 167 | 168 | 1 | 3.11 | 0.428% |
| ACDDH028 | 209.5 | 210.15 | 0.65 | 0.92 | |
| ACDDH028 | 210.15 | 210.6 | 0.45 | 18.4 | 11.600% |
| ACDDH028 | 210.6 | 211.4 | 0.8 | 8.28 | 4.680% |
| ACDDH028 | 211.4 | 212 | 0.6 | 1.68 | |
| ACDDH031 | 310.4 | 312.5 | 2.1 | 5.4 | 13.06% |
| ACDDH032 | 296 | 305 | 9.0 | 0.6 | |
| ACDDH033 | 263.8 | 265 | 1.2 | 2.09 | 0.30% |
| ACDDH033 | 265 | 266 | 1 | 0.54 | 0.02% |
| ACDDH033 | 266 | 267 | 1 | 1.58 | |
| ACDDH033 | 267 | 268 | 1 | 0.71 | |
| ACDDH035 | 127 | 128 | 1 | 2.48 | |
| ACDDH035 | 128 | 129 | 1 | 1.5 | |
| ACDDH036 | 84 | 85 | 1 | 1.63 | |
| ACDDH036 | 85 | 86 | 1 | 0.18 | |
| ACDDH036 | 86 | 87 | 1 | 0.21 | |
| ACDDH036 | 87 | 88 | 1 | 0.5 | |
| ACDDH036 | 88 | 89 | 1 | 0.68 | |
| ACDDH036 | 89 | 90 | 1 | 2.08 | 0.06% |
| ACDDH037 | 147 | 148 | 1 | 1.98 | 0.02% |
| ACDDH037 | 148 | 149 | 1 | 0.44 | |
| ACDDH037 | 149 | 150 | 1 | 1.55 | |
| ACDDH037 | 150 | 151 | 1 | 0.26 | |
| ACDDH037 | 151 | 152 | 1 | 0.05 | |
| ACDDH037 | 152 | 153 | 1 | 0.07 | |
| ACDDH037 | 153 | 154 | 1 | <0.01 | |
| ACDDH037 | 154 | 155 | 1 | <0.01 | |
| ACDDH037 | 155 | 156 | 1 | 0.07 | |
| ACDDH037 | 156 | 157 | 1 | 0.59 | 0.02% |
| ACDDH037 | 157 | 158 | 1 | <0.01 | 0.01% |
| ACDDH037 | 158 | 159 | 1 | 10.8 | 0.04% |
| ACDDH037 | 159 | 160 | 1 | 10.8 | 0.79% |
| ACDDH037 | 160 | 161 | 1 | 8.46 | 0.02% |
| ACDDH037 | 161 | 162 | 1 | 6 | 1.70% |
| ACDDH037 | 162 | 163 | 1 | 7.49 | 2.31% |
| ACDDH037 | 163 | 164 | 1 | 2.15 | |
| ACDDH037 | 164 | 165 | 1 | 2.24 | |
| ACDDH037 | 165 | 166 | 1 | 1.93 | |
| ACDDH037 | 166 | 167 | 1 | 0.99 | |
| ACDDH037 | 167 | 168 | 1 | 1.05 | |
| ACDDH037 | 168 | 169 | 1 | 1.7 | 0.02% |
| ACDDH038 | 109.5 | 110.5 | 1 | 2.43 | |
| ACDDH038 | 110.5 | 111.3 | 0.8 | 0.59 | |
| ACDDH038 | 111.3 | 112 | 0.7 | 0.73 | |
| ACDDH038 | 112 | 113 | 1 | 0.43 | |
| ACDDH039 | 150 | 151 | 1 | 1.48 | 0.01% |
| ACDDH039 | 151 | 152 | 1 | 0.9 | 0.03% |
| ACDDH039 | 152 | 153 | 1 | 1.22 | 0.06% |
| ACDDH039 | 153 | 154 | 1 | 0.27 | 0.01% |
| ACDDH039 | 154 | 155 | 1 | 2.73 | 0.53% |
| ACDDH039 | 155 | 156 | 1 | 6.87 | 0.04% |
| ACDDH039 | 156 | 157 | 1 | 3 | 1.67% |
| ACDDH039 | 157 | 158 | 1 | 8.06 | 4.83% |
| ACDDH039 | 158 | 159 | 1 | 4.47 | 3.05% |
| ACDDH039 | 159 | 160 | 1 | 2.52 | 0.08% |
| ACDDH039 | 160 | 161 | 1 | 8.01 | 5.22% |
| ACDDH039 | 161 | 162 | 1 | 3.35 | 0.21% |
| ACDDH039 | 162 | 163 | 1 | 5.62 | 0.16% |
| ACDDH039 | 163 | 164 | 1 | 0.71 | 0.01% |
| ACDDH039 | 164 | 165 | 1 | 7.63 | 8.75% |
| ACDDH039 | 165 | 166 | 1 | 1.8 | 0.01% |
| ACDDH039 | 166 | 167 | 1 | 1.84 | 0.02% |
No significant mineralization noted in ACDDH034
Table 3: Location of Cumberland drill holes from RUA 2025 program
| Hole ID | Easting | Northing | rL | Total Depth | Site _ID | Dip | Azimuth (true) | Year |
| CUDDH001 | 1508688 | 5327986 | 619.24 | 89.9 | Pad 01 | -46 | 92 | 2025 |
| CUDDH002 | 1508688 | 5327986 | 619.22 | 104.8 | Pad 01 | -69 | 92 | 2025 |
| CUDDH003 | 1508687 | 5327987 | 619.06 | 157.8 | Pad 01 | -57 | 40 | 2025 |
| CUDDH004 | 1508688 | 5327986 | 619.08 | 194.5 | Pad 01 | -78 | 92 | 2025 |
| CUDDH005 | 1508689 | 5327987 | 619.11 | 133.7 | Pad 01 | -45 | 135 | 2025 |
| CUDDH006 | 1508685 | 5327989 | 618 | 47.6 | Pad 01 | -60 | 140 | 2025 |
| CUDDH007 | 1508689 | 5327987 | 619.21 | 149.6 | Pad 01 | -63 | 136 | 2025 |
| CUDDH008 | 1508699 | 5327857 | 647.53 | 246 | Pad 07 | -45 | 140 | 2025 |
| CUDDH009 | 1508699 | 5327857 | 647.58 | 146 | Pad 07 | -45 | 124 | 2025 |
| CUDDH010 | 1508699 | 5327857 | 647.58 | 146.2 | Pad 07 | -59 | 88 | 2025 |
| CUDDH011 | 1508699 | 5327857 | 647.58 | 209 | Pad 07 | -62 | 134 | 2025 |
| CUDDH012 | 1508699 | 5327857 | 647.58 | 177.7 | Pad 07 | -45 | 245 | 2025 |
| CUDDH013 | 1508750 | 5328017 | 604.49 | 163.2 | Pad 06 | -54 | 226 | 2025 |
| CUDDH014 | 1508750 | 5328017 | 604.49 | 94.5 | Pad 06 | -59 | 253 | 2025 |
| CUDDH015 | 1508750 | 5328017 | 604.49 | 169.2 | Pad 06 | -65 | 250 | 2025 |
| CUDDH016 | 1508750 | 5328017 | 604.49 | 200 | Pad 06 | -45 | 90 | 2025 |
Table 4: Table of Au intercepts from Cumberland drilling program.
| Hole ID | From | To | Interval | Au (g/t) |
| CUDDH001 | 44 | 45 | 1 | 16.17 |
| CUDDH001 | 45 | 46 | 1 | 1.12 |
| CUDDH001 | 46 | 47 | 1 | 1.61 |
| CUDDH002 | 64 | 65 | 1 | 1.03 |
| CUDDH002 | 65 | 66 | 1 | <0.03 |
| CUDDH002 | 66 | 67 | 1 | 2.85 |
| CUDDH002 | 67 | 68 | 1 | 0.42 |
| CUDDH002 | 68 | 69 | 1 | 0.31 |
| CUDDH002 | 69 | 70 | 1 | 1.55 |
| CUDDH002 | 70 | 71 | 1 | 3.59 |
| CUDDH002 | 71 | 72 | 1 | 26.9 |
| CUDDH002 | 72 | 73 | 1 | 1.31 |
| CUDDH002 | 73 | 74 | 1 | 0.03 |
| CUDDH002 | 74 | 75 | 1 | 0.58 |
| CUDDH002 | 75 | 76 | 1 | 0.72 |
| CUDDH002 | 76 | 77 | 1 | 3.88 |
| CUDDH002 | 77 | 78 | 1 | 0.88 |
| CUDDH003 | 38 | 39 | 1 | 0.24 |
| CUDDH003 | 39 | 40 | 1 | 0.2 |
| CUDDH003 | 40 | 41 | 1 | 0.49 |
| CUDDH005 | 54.2 | 55.9 | 1.7 | 0.13 |
| CUDDH005 | 59.3 | 60.1 | 0.8 | 0.14 |
| CUDDH005 | 60.1 | 60.8 | 0.7 | 0.62 |
| CUDDH008 | 154 | 155 | 1 | 0.12 |
| CUDDH008 | 155 | 156 | 1 | 0.52 |
| CUDDH008 | 156 | 157 | 1 | 0.77 |
| CUDDH008 | 157 | 158 | 1 | 0.12 |
| CUDDH008 | 167 | 168 | 1 | 0.97 |
| CUDDH008 | 168 | 169 | 1 | 0.5 |
| CUDDH008 | 175 | 176 | 1 | 2.61 |
| CUDDH008 | 176 | 177 | 1 | 0.98 |
| CUDDH008 | 177 | 178 | 1 | 0.09 |
| CUDDH008 | 178 | 179 | 1 | 0.44 |
| CUDDH012 | 118 | 119 | 1 | 1.04 |
| CUDDH012 | 119 | 120 | 1 | 2.64 |
| CUDDH012 | 120 | 121 | 1 | 0.87 |
| CUDDH012 | 121 | 122 | 1 | 0.44 |
No significant mineralization noted in CUDDH004, CUDDH006, CUDDH007, CUDDH009, CUDDH010, CUDDH011, CUDDH013, CUDDH014, CUDDH015 and CUDDH016
Table 5: Location of Bell Hill rock samples
| Sample ID | Easting | Northing | rL | Au (g/t) | Year |
| GERS0895 | 1484012 | 5286738 | 243 | 14.3 | 2025 |
| GERS0896 | 1490781 | 5293290 | 378 | 14.2 | 2025 |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265497
SOURCE Rua Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – August 5, 2025) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company“) is pleased to announce the commencement of an expanded drilling program at its Reefton Project on the South Island of New Zealand, and outlines the strategy for its fully funded 12-month exploration program.
| Highlights: Reefton Drill Program Expansion:
Glamorgan Drill Program Commencement:
Corporate:
|
Robert Eckford, CEO of RUA GOLD commented: “We closed Q2 2025 with $14 million in the treasury, placing us in a strong position to execute on our aggressive exploration plan in New Zealand. Over the past month, our Board and Management team have been focused on shaping the Company’s strategy to transition us from an explorer to a developer.
With New Zealand’s highly supportive permitting regime, our goal is to rapidly build ounces on our balance sheet and enter the “Fast Track Permitting Process” in 2026.
As our gold-antimony resource continues to grow rapidly – and with antimony at the top of every nations’ critical minerals lists – the significance of this resource expansion and accelerated permitting is substantial for both RUA GOLD and New Zealand”
Figure 1: Conceptual Plan for Auld Creek Resource Expansion Drilling
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Figure 2: Alexander River long-section schematic
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Reefton Goldfield Exploration Overview
The Reefton Goldfield is an orogenic district that produced 2Moz of gold at grades up to 50g/t up to the early 1900s. RUA GOLD has assembled 120,000 hectares within this district that has seen limited drilling in the last 30 years. This goldfield is analogous in age, geology, mineralization style, and geological structure to that of Southern Cross Gold and the Fosterville Gold mine.
Auld Creek: RUA GOLD commenced drilling at Auld Creek in December 2024 and has completed ~2,800 metres of drilling. The targeted program aims to add a further 4,000 metres of drilling across four mineralised shoots identified from surface exploration work (Figure 1). Following this, the resource will be refreshed and updated into the 43-101 report.
The Company is targeting an increase of the Auld Creek resource to over 300,000 gold-equivalent ounces by the end of 2025. This target is a global estimate based on current resource surface extension of 350 metres being extended over a 1km on surface at similar depths of 280 metres. Insufficient exploration to define a mineral resource has been completed to date and there is uncertainty if a mineral resource estimate will be delineated, therefore economic decisions should not be made on this target.
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).
Cumberland: Initial drilling from RUA GOLD confirms the consistency of the near-surface gold mineralization and supports the strong potential of this target. Ongoing drilling is targeting the southern surface extension 100m along strike and at depth. Intensified surface exploration is underway to delineate additional drill targets along the 2.5 km long gold mineralized shear zone.
Additional targets are currently being modelled and surveyed across the Reefton Goldfield, including Caledonia in the north, and Alexander River in the south. Caledonia represents a historical mine recording the highest grade production (9 oz/ton gold) in the Reefton Goldfield. It was abandoned early and represents a shallow development target.
“The first crushing yielded at the rate of 9 oz. per ton, with subsequent crushings averaging about 4 oz. per ton. The ore-shoot had a steep easterly dip, and pitched to the north at about 30°. It had an average length of about 180 ft. and a width of 3 ft.” * Henderson 1917.
Alexander River returned historical production of 41Koz @ 26g/t Au, mining ceasing in 1942 due to WWII. Mineralization outcrops over 1.2kms, comprises high-grade quartz reefs and disseminated sulfides; predecessor Siren Gold drilled extensively along the structure, and intersected some exceptionally high-grade zones which remain open at depth (Figure 2 Alexander River long-section schematic).
An Inferred Resource 130koz @ 4.1g/t Au* has potential to develop along strike and at depth, remodeling and further drilling is a priority of the strategic plan.
*NI 43 101 Technical Report on the Reefton Project, New Zealand. Prepared for Rua Gold Inc, 30 October 2024.
Glamorgan Exploration Overview
Glamorgan on the North Island is an exciting new epithermal gold target. RUA GOLD has completed extensive surface exploration over the past 12 months as a precursor to drill targeting. Four significant gold-arsenic soil anomalies trending north, north-east and north-northwest strike out individually over 4 kms in length. Drill applications have now been submitted and drilling is expected to commence in Q4 2025.
Results from the work to date indicate the classic features of a major epithermal gold-silver system and are identical to the surface features of neighboring OceanaGold Project, Wharekirauponga, which is currently in New Zealand’s Fast Track Permitting process with a decision expected in Q4 2025.
Importantly, RUA GOLD’s Chief Operating Officer, Simon Henderson was a member of the exploration team that led to the discovery of Wharekirauponga and has more the 25 years working in the region.
New Marketing Agreements
Capital Gain Media Inc.: On August 4, 2025, the Company entered into an investor relations agreement with Capital Gain Media Inc. (“Capital Gain”). Pursuant to the investor relations agreement, Capital Gain has agreed to provide content development and digital marketing services. The investor relations agreement will remain in effect for five (5) months commencing on August 4, 2025. In accordance with the terms and conditions of the investor relations agreement and as consideration for the services provided by Capital Gain, the Company agreed to pay an aggregate cash fee of US$120,000, plus applicable taxes. As of the date hereof, to the Company’s knowledge, Capital Gain (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 Capital Gain Agreement, the Company will not issue any securities to Capital Gain as compensation for its marketing service. Capital Gain provides investor relation services and the contact information for Capital Gain is: Capital Gain Media Inc., 1111 West Hastings Street, 15th Floor, Vancouver, BC V6E 2J3. The contact person of Capital Gain is Graham Colmer, email: admin@capitalgainmedia.com, phone: 1 (604) 379-8363.
Sidis Holdings: The Company has entered into a Services Agreement dated July 30, 2025 (the “Sidis Holdings Agreement”) with Sidis Holdings pursuant to which Sidis Holdings has agreed to provide investor relations, market awareness campaigns and digital media support. Pursuant to the terms of the Sidis Holdings Agreement, such services are to be provided over a 6-month period, for a fee of US$120,000 plus applicable taxes. Sidis Holdings is a full-service marketing agency based in Hong Kong, and is headed by Francis Barker. As of the date hereof, to the Company’s knowledge, Sidis Holdings (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 Sidis Holdings Agreement, the Company will not issue any securities to Sidis Holdings 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 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 verified the data disclosed by running checks on the location, analytical, and test data underlying the information in the technical disclosure herein.
RUA GOLD Contact
Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261264
SOURCE Rua Gold Inc.
/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./
VANCOUVER, BC, June 16, 2025 /CNW/ – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company”) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. and Red Cloud Securities Inc., to act as agents (the “Agents”) on a “best efforts” agency basis in connection with a public offering (the “Public Offering”) and contemporaneous private placement (the “Private Placement”) of 17,143,000 common shares in the capital of the Company (each, a “Common Share”) at a price of C$0.70 per Common Share (the “Offering Price”) for aggregate gross proceeds of C$12,000,100 (the “Offering”). The allocation of the number of Common Shares to be issued in connection with the Public Offering and the Private Placement will be determined prior to filing the Supplement (as defined below).
The Offering is expected to close on or about June 26, 2025 (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.
The Company has granted to the Agents an option (the “Over-Allotment Option”) exercisable, in whole or in part, prior to the Closing Date to sell, at the Offering Price, up to 2,571,450 additional Common Shares (being that number of additional Common Shares equal to 15% of the number of Common Shares issuable pursuant to the Offering) for market stabilization purposes and to cover over-allotments, if any.
The Company intends to use the net proceeds from the Offering for continuing the exploration program on its New Zealand properties, and for general working capital and general corporate purposes.
The Common Shares issued with respect to the Public Offering will be issued pursuant to a prospectus supplement (the “Supplement”) to the Company’s base shelf prospectus dated July 11, 2024 (the “Shelf Prospectus”) that will be filed in each of the provinces and territories of Canada, except Quebec.
In consideration for the services rendered in connection with the Offering, the Company will pay the Agents a customary cash fee and issue to the Agents a customary number of broker warrants, subject to reduced consideration in respect of president’s list sales.
The Private Placement will be completed pursuant to applicable exemptions from the prospectus requirements in all of the Provinces of Canada. The Common Shares may also be sold in the United States on a private placement basis pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and applicable U.S. state securities laws, and other jurisdictions outside of Canada and the United States pursuant to available prospectus or registration exemptions in accordance with applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.
Copies of the Supplement, following filing thereof, and the Shelf Prospectus may be obtained on SEDAR+ at www.sedarplus.ca. The Shelf Prospectus contains, and the Supplement will contain, important detailed information about the Company and the proposed Offering including the proposed use of proceeds therefrom. Prospective investors should read the Supplement, accompanying Shelf Prospectus and the documents incorporated by reference therein before making an investment decision.
The securities referred to in this news release have not been, nor will they be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. “United States” and “U.S. person” are as defined in Regulation S under the U.S. Securities Act.
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.
Website: www.RUAGOLD.com
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news 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 filing of the Supplement, the size of the Offering, the intended use of the net proceeds of the Offering, the timing of the Closing Date and completion of the Offering, the exercise of the Over-Allotment Option, the receipt of all necessary regulatory approvals; 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 statement.
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.
SOURCE Rua Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – June 16, 2025) – 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 further high-grade gold-antimony intersections 120 meters below the current resource estimate.
Highlights:
Robert Eckford, CEO of RUA GOLD commented: “This is an exciting development to see high-grade gold-antimony mineralization at Auld Creek that is 120m deeper than the current resource. Proving out continuity at depth and growing this resource will be a key focus of drilling in the next quarter, while simultaneously drilling the Cumberland-Galant deposit 3km to the south.
We continue to be focused on expanding the Auld Creek resource both north, south and at depth, with intensified surface exploration showing early promise in identifying additional mineralization over its 2.5km length.
With Antimony being at the top of every nations’ critical minerals lists, the importance of this resource growth to both RUA GOLD and New Zealand is significant.”
1. 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.
Figure 1: Overview of the Reefton Goldfield.
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Figure 2: Location of Auld Creek Drilling
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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 September 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$60,000 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 indicating 700,000 tonnes at 3.1g/t Au and 1.1% Sb for 67,000oz of gold and 8,000 tonnes of antimony1 (AuEq 110,000oz2). 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.
Drilling of ACDDH030,31,32 and 33 (results pending, but structure intercepted) provide strong evidence of the continuity of the Fraternal gold-antimony structure at depth, and the narrow high-grade intersection of ACDDH031 has confirmed resource grade mineralization and continuity with the previously reported drilling of holes ACDDH027 and ACDDH028.
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.
1. Please see the Company’s technical report entitled, “Technical Report on Reefton Project, New Zealand”, dated October 30, 2024.
2. Based on gold equivalent formula of AuEq = Au g/t + 1.9 x Sb% using a Au price of US$2025/oz, Sb price of US$15,000 per tonne and 85% recovery.
Figure 3: Fraternal ore shoots at Auld Creek.
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Figure 4: 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
Core 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.
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 ID | Easting | Northing | rL | Total Depth | Site _ID | Dip | Azimuth (true) | Year |
| ACDDH022 | 1507213 | 5333198 | 511.11 | 108.5 | Pad 10 | -54 | 193 | 2024 |
| ACDDH023 | 1507213 | 5333200 | 510.87 | 51.5 | Pad 10 | -60 | 85 | 2024 |
| ACDDH024 | 1507290 | 5333150 | 538.41 | 156.3 | Old Pad 13 | -37 | 220 | 2025 |
| ACDDH025 | 1507290 | 5333151 | 538.03 | 180.9 | Old Pad 13 | -54 | 248 | 2025 |
| ACDDH026 | 1507291 | 5333151 | 537.77 | 200 | Old Pad 13 | -59 | 231 | 2025 |
| ACDDH027 | 1507291 | 5333150 | 538.15 | 193.4 | Old Pad 13 | -45 | 212 | 2025 |
| ACDDH028 | 1507078 | 5332957 | 605.4 | 243.5 | Pad 18 | -50 | 104 | 2025 |
| ACDDH029 | 1507079 | 5332956 | 605.43 | 256 | Pad 18 | -50 | 120 | 2025 |
| ACDDH030 | 1507074 | 5332955 | 606.38 | 268.5 | Pad 18 | -53 | 85 | 2025 |
| ACDDH031 | 1507074 | 5332955 | 606.24 | 336 | Pad 18 | -65 | 74 | 2025 |
| ACDDH032 | 1507075 | 5332956 | 606.15 | 351.6 | Pad 18 | -70 | 108 | 2025 |
| ACDDH033* | 1507076 | 5332956 | 606.13 | 291.1 | Pad 18 | -64 | 92 | 2025 |
| ACDDH034* | 1507213 | 5333197 | 511.61 | 200 | Pad 10 | -72 | 267 | 2025 |
*Results pending from the assay lab for holes ACDDH033 and ACDDH034
Table 2: Significant drilling intercepts at Auld Creek, full mineralized zone composites (1.5g/t Au cut-off)
| Sample No | From | To | Interval | Au (g/t) | Sb (%) |
| ACDDH026 | 175 | 175.9 | 0.9 | 0.96 | |
| ACDDH026 | 175.9 | 177.1 | 1.2 | 1.55 | |
| ACDDH027 | 152 | 153 | 1 | 2.52 | |
| ACDDH027 | 153 | 154 | 1 | 1.88 | |
| ACDDH027 | 154 | 155 | 1 | 3.44 | |
| ACDDH027 | 155 | 156 | 1 | 2.25 | |
| ACDDH027 | 156 | 157 | 1 | 1.84 | |
| ACDDH027 | 157 | 158 | 1 | 0.37 | |
| ACDDH027 | 158 | 159 | 1 | 0.15 | |
| ACDDH027 | 159 | 160 | 1 | 2.38 | 0.013% |
| ACDDH027 | 160 | 161 | 1 | 2.39 | 0.802% |
| ACDDH027 | 161 | 162 | 1 | 4.75 | 0.008% |
| ACDDH027 | 162 | 163 | 1 | 2.84 | 0.016% |
| ACDDH027 | 163 | 164 | 1 | 8.42 | 0.010% |
| ACDDH027 | 164 | 165 | 1 | 4.7 | 0.010% |
| ACDDH027 | 165 | 166 | 1 | 3.77 | 0.009% |
| ACDDH027 | 166 | 167 | 1 | 15 | 0.178% |
| ACDDH027 | 167 | 168 | 1 | 3.11 | 0.428% |
| ACDDH028 | 209.5 | 210.15 | 0.65 | 0.92 | |
| ACDDH028 | 210.15 | 210.6 | 0.45 | 18.4 | 11.600% |
| ACDDH028 | 210.6 | 211.4 | 0.8 | 8.28 | 4.680% |
| ACDDH028 | 211.4 | 212 | 0.6 | 1.68 | |
| ACDDH031 | 310.4 | 312.5 | 2.1 | 5.4 | 13.06% |
| ACDDH032 | 296 | 305 | 9.0 | 0.6 |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255667
SOURCE Rua Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – May 27, 2025) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company“) is pleased to announce initial drill results from the Cumberland gold camp at the Reefton Project on New Zealand’s South Island.
In the first month of drilling, the initial two holes intersected near-surface, high-grade gold mineralization. These results validate the prospective targets identified through VRIFY ‘s AI-Assisted Mineral Discovery Platform, DORA. Drilling is ongoing and continues to build on these encouraging early results, with systematic testing progressing southward along the 2.2 km historic mine corridor.
Highlights:
The Cumberland gold camp is a historic site located 3km south of Globe-Progress Mine, which has a rich production history of over 1 million ounces of gold produced. Drilling of the Gallant target within the Cumberland gold camp began in April 2025. The first two holes, CUDDH001 and CUDDH002, intersected 25m of mineralization, marking a strong start to the exploration of the gold camp.
Robert Eckford, CEO of RUA GOLD, commented, “We acquired the Cumberland gold camp in November 2024 and received access agreements to commence drilling in April 2025. From the very first drill holes, we intersected significant, wide quartz veins hosting high-grade gold, confirming historical intercepts. This marks an exciting start, validating the effectiveness of the VRIFY AI targeting process and confirming near-surface mineralization with the potential to extend the envelope of known mineralization across a 2km structural zone.
Our focus is on developing economically viable ounces, and the Gallant target is a key part of this strategy. Fully accessible via a road, the Gallant target has logistical simplicity for both exploration and potential development. Achieving high-grade, near-surface intercepts at this early stage is a significant milestone in demonstrating the viability of our hub-and-spoke business model that we envisage for the Reefton Goldfield.
The Gallant prospect represents the first VRIFY target that we have drilled so far. This structure is traceable on surface for over 600m and remains largely untested along strike and at depth. These initial results are an encouraging step in defining the potential shape and size of this target.”
Figure 1: Overview of the Reefton Goldfield.
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RESULTS FROM INITIAL DRILLING
Based on the extensive surface exploration work and historical drilling, the Gallant target within the Cumberland gold camp stands out as an exceptional high-grade target. Following the completion of mining at the Globe-Progress Mine, the Gallant target was left largely untested. Quartz veins are exposed on surface within an envelope of strong gold-arsenic anomalism.
The Gallant lode was previously drilled by OceanaGold Limited 15 years ago, with several exploratory holes drilled on a well-defined quartz vein at shallow depth (Table 5 and Figure 2).
Results from drill holes CUDDH001 and CUDDH002 confirm the consistency of the near-surface Galant lode and support the strong potential of this target, following up the historical hole GAL001 drilled by OceanaGold Limited, which resulted in 20.7m @ 62.2 g/t (2 oz/t) Au. Full assay results are in Tables 1 and 2 of the appendices.
Drill hole CUDDH003, drilled to the north, intercepted a 2m quartz vein, but did not intersect the main vein, and similarly, drill hole CUDDH004 did not intersect the quartz, suggesting the structure steepens and is potentially offset to the north. Drill hole CUDDH005 intercepted historical workings with remanent quartz veins in the foot and hanging wall, confirming the continuity of the veins southward. Assays are pending for drill hole CUDDH007.
Ongoing drilling is targeting the southern surface extension of the Gallant lode 100m along strike and at depth. Intensified surface exploration is underway further south to delineate additional drill targets along the southern extensions of the structure.
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).
Figure 3: Map showing Cumberland historic mine camp.
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VRIFY’S AI-ASSISTED MINERAL DISCOVERY PLATFORM
The Company has partnered with VRIFY to onboard DORA, their 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 DORA, where early in the AI training phase, the platform identified Cumberland as a standout target. The VRIFY team has assimilated geochemistry, drilling and geophysical data across the entire district with unprecedented scale and accuracy, processing over 84GB of data, and more than 170,000 data points. This comprehensive analysis is directly informing our 2025 drill targets, accelerating our project advancement and de-risking our work programs.
RUA GOLD’s data was unlocked through DORA, VRIFY’s Al-Assisted Mineral Discovery Platform which synthesized complex datasets in minutes, a process that would have taken months, if performed manually. This enabled RUA GOLD’s exploration team to actively and effectively rank its 2025 drill targets using data-backed insights.
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 bias, while and identifying patterns that manual review might miss, increasing discovery potential.
Figure 4: VRIFY AI hotspot identification showing Cumberland-Gallant Prospect.
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QAQC Drill Core Samples
Drillhole collar locations were recorded using a Garmin GPSMAP 66i by RUA GOLD staff. Downhole surveys were completed for each drillhole at 30m intervals by using a GYRO system by the drill contractor Alton Drilling.
Drillholes were split sampled following 1-m sample intervals unless sample contacts are dictated by mineralization. PQ and HQ core were sampled as half core. NQ core was analyzed as whole core; requiring cutting only along sample intervals.
Drill core samples were sent to SGS Westport for sample preparation. Core was crushed to 75% passing 2 mm (SGS code CRU75), and a 1-kg split of material was pulverized (to 85% passing 75 µm; SGS code PUL85_CR). No split duplicates were collected during the crushing steps. Two scoops were taken from the pulverize bowl: one for laboratory analysis (~150 g) and the other for pXRF analysis (~100 g). The pulp reject is stored at RUA GOLD’s Reefton facility.
Coarse gold intersections were sampled in full, dried and dispatched to ALS Perth, Australia, for PhotonAssay analysis. Samples were coarse crushed at ALS Perth (ALS code CRU-21) and ~500 g of material used for analysis.
QAQC 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 of RUA GOLD and its quality management systems framework is accredited to ISO/IEC 17025:2005 or certified to ISO 9001:2015 standards.
The QP has verified the data disclosed including sampling, assay procedure and analytical information contained in the written disclosure.
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 g/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 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.comWebsite: 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.
This news release references projects near to the mineral projects of the Company and historical production from certain areas of New Zealand. Mineralization on nearby projects is not necessarily indicative of mineralization on the Company’s Project. Historical production from the Globe-Progress Mine, the Reefton Gold District or the Hauraki District is not necessarily an indication that significant production will be possible from the Glamorgan Project or the Cumberland Gold Camp.
APPENDICIES
Table 1: Cumberland 001 assay table
| Sample No | From | To | Interval | Photon Assay Au (g/t) |
| CU01012 | 44 | 45 | 1 | 16.17 |
| CU01013 | 45 | 46 | 1 | 1.12 |
| CU01014 | 46 | 47 | 1 | 1.61 |
Table 2: Cumberland 002 assay table
| Sample No | From | To | Interval | Photon Assay Au (g/t) |
| CU02010 | 64 | 65 | 1 | 1.03 |
| CU02011 | 65 | 66 | 1 | <0.03 |
| CU02012 | 66 | 67 | 1 | 2.85 |
| CU02013 | 67 | 68 | 1 | 0.42 |
| CU02014 | 68 | 69 | 1 | 0.31 |
| CU02016 | 69 | 70 | 1 | 1.55 |
| CU02017 | 70 | 71 | 1 | 3.59 |
| CU02018 | 71 | 72 | 1 | 26.9 |
| CU02019 | 72 | 73 | 1 | 1.31 |
| CU02020 | 73 | 74 | 1 | 0.03 |
| CU02022 | 74 | 75 | 1 | 0.58 |
| CU02023 | 75 | 76 | 1 | 0.72 |
| CU02024 | 76 | 77 | 1 | 3.88 |
| CU02025 | 77 | 78 | 1 | 0.88 |
Table 3: Collars for Cumberland drill holes
| Drill hole | Easting (NZTM) | Northing (NZTM) | Elevation (RL) | End depth | Azimuth | Dip |
| CUDDH001 | 1508685 | 5327989 | 618 | 89.9 | 92 | -46 |
| CUDDH002 | 1508685 | 5327989 | 618 | 104.8 | 92 | -69 |
| CUDDH003 | 1508685 | 5327990 | 618 | 157.8 | 40 | -57 |
| CUDDH004 | 1508685 | 5327989 | 618 | 194.5 | 92 | -78 |
| CUDDH005 | 1508685 | 5327987 | 618 | 133.7 | 135 | -45 |
Table 4: Historic Production Cumberland Camp (Barry, 1993)
| Lode | Tonnes | Production (Au oz) | Recovered grade (oz/t) | Recovered grade (g/t) |
| Scotia | 604 | 1,283 | 2.1 | 66.1 |
| Gallant | 2,378 | 759 | 0.3 | 9.9 |
| Sir Francis Drake-Happy Valley | 17,261 | 5,810 | 0.3 | 10.5 |
| Cumberland | 14,120 | 13,629 | 1.0 | 30.0 |
| Exchange-Industry | 519 | 260 | 0.5 | 15.6 |
Source: Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield. Ministry of Commerce Resource Information Report No. 15.
Table 5: Collar for GAL001, historic drill hole.
| Drill hole | Easting (NZTM) | Northing (NZTM) | Elevation (RL) | End depth | Azimuth | Dip |
| GAL001 | 1508726 | 5327981 | 628 | 123.7 | 293° | -70° |
Projection: New Zealand Transverse Mercator (NZTM) 2000.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253478
SOURCE Rua Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – May 13, 2025) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) (“RUA GOLD” or the “Company“) is pleased to announce the completion of the second phase of surface exploration on its Glamorgan Project, an epithermal gold system in the Hauraki Goldfield, North Island, New Zealand.
The Hauraki Goldfield is a major epithermal gold province, with over 50 historic mines having produced more than 15 million ounces of gold. The Glamorgan Project lies adjacent to OceanaGold’s Wharekirauponga deposit, with Indicated Mineral Resources of 1.4Moz at 17.9 g/t Au and is scheduled to enter construction in the second half of 20251.
Highlights:
Simon Henderson, COO of RUA GOLD, commented: “This comprehensive, district-wide surface work has provided valuable new information, highlighting not just one, but three significant zones of potential mineralization for drill testing. These targets will be included in the Access Agreement for drilling, which is scheduled for submission at the end of May 2025.
Following detailed surface geological mapping, comprehensive soil geochemistry, specialist clay mineralogy, ultra-high resolution UAV magnetics, and proven depth-penetrating CSAMT geophysics, three significant zones have emerged as high-potential targets for drill testing. High-grade rock chip samples further support the potential to discover a major epithermal gold-silver vein system.
Results from this inaugural district-wide program are now streaming in and are being compiled, reviewed and actively prioritized in partnership with the VRIFY AI-platform to confirm and prioritize the drill program. The exploration team is excited to advance to the drilling phase of this unique and prospective target area.”
Program Overview
Exploration activities – including extensive geological mapping, TerraSpec clay mineralogy, and ultra detailed magnetic and resistivity surveys – have focused on four major alteration cells that envelope these structures. These cells are directly associated with surface quartz veins, platy quartz after calcite, quartz-adularia minerals, and sinter-like textures, all indicative of the high levels of an epithermal gold-silver system.
The principle components of the surface work are detailed below.
Geological Mapping
Exploration in the first quarter of 2025 included the completion of geological mapping across the major drainages within the Glamorgan prospect, along with detailed examination of areas exhibiting intense alteration and mineralization identified in Stage 1. The Company also completed follow-up testing of the significant gold grades (8-43.1 g/t Au) previously reported in rock float and insitu rock samples (reported on January 25, 2025). Additional rock chip sampling (2-8 g/t Au) has identified key areas proximal to resistive zones and high-level clay alteration.
Figure 1: Geological map of the Glamorgan area.
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TerraSpec Clay Mineralogy
A TerraSpec 4 High-Res portable spectrometer was used to analyze all soil and rock-chip samples, as well as available historical drill core. The hyperspectral reflectance data collected were interpreted using the cloud-based AI software program, aiSIRIS.
Figure 2: Arsenic-Gold soil geochemistry with strong anomalies outlined.
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Magnetics
Ultra detailed UAV magnetics flown by the RUA GOLD team highlight strong alteration (de-magnetization of the host rocks) enveloping the four anomalies and demonstrating a major alteration cell indicative of a significant epithermal system.
Resistivity
A CSAMT survey was completed in February 2025 by the RUA GOLD team. CSAMT is particularly effective at detecting ground resistivities to depths of several hundred meters, which can be interpreted to represent strong silicification and quartz veining when directly related to an area of intense alteration.
The survey identified several major, deep structures that align with features previously identified by UAV magnetics, gold-arsenic geochemistry anomalies, and mapped quartz veins, silicification and clay alteration (Figure 3).
Figure 3: CSAMT and IP resistivity results.
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Glamorgan Exploration Overview
Following grant of a drone concessions in May 2024, and minimum impact exploration in July 2024, RUA GOLD’s exploration commenced with UAV ultra detailed magnetic surveying completing 590-line kms of flying using Geometrics MagArrow magnetometer suspended under a DJI M300 drone. Interpretation of the data has assisted in defining key aspects of lithology and alteration of the Whitianga Group rhyolites, and Coromandel Group andesites. Major structural elements are interpreted in the data aligning with regional mineralization trends.
Soil sampling commenced in July 2024 sampling along 250m spaced crosslines with a sample spacing of 20m. 3181 samples were collected, dried, sieved in RUA GOLD’s Waihi facility, then transported to Reefton for pXRF analysis. Each sample was also scanned using a TerraSpec 4 Hi-Res mineral analyzer to complete a picture of clay/alteration system enabling identification of the higher levels of the epithermal system. 50gms of soil was then freighted to ALS Brisbane for low-level precision gold assay. Arsenic anomalism with coincident gold anomalism highlights the four major soil anomalies A-D (Figure 2).
Anomaly A trends North north-west for 4.2 kms with conjugate gold-arsenic trends in a north-east direction. This anomaly remains open to the northeast. This north-east direction mirrors the orientation of the significant Wharekirauponga gold deposit 3 kms southeast of the Glamorgan permit.
Anomaly B trends northerly and follows north to northeasterly quartz veins mapped over 4 kms and open to the north and south. The southern end of this anomaly coincides with the Wentworth/Auckland historical mine workings.
Ultra detailed UAV magnetics flown by the RUA GOLD team highlights strong alteration (de-magnetization of the host rocks) enveloping the two anomalies and demonstrating a major alteration cell indicative of the footprint of a major epithermal system.
Field mapping (ongoing) has highlighted broad alteration and veining in situ, and areas of quartz-adularia float displaying banded, platy quartz after calcite, and brecciated andesite with stockwork veining increasing toward the zones of interest. Rock sampling both float and in situ sampling has returned encouragingly anomalous gold (refer to Table 2 in the appendix below), coincident with the zones of high soil geochemistry.
Figure 4: Location map with soil geochemical heatmap over the Wires 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 geophysical, sampling, and mapping programs to verify that they have been conducted in accordance with the 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 SOIL SAMPLES
A bulk sample of ~0.5-1 kg was collected in the field. 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 Waihi facility 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 <180µm in size. A sub-sample of 50-100g was scooped from the <180 µm size fraction for analysis. The remaining material was retained and stored in Waihi.
The 50-100-g fine-sieved (<180µm) soil sub-sample was sent to RUA GOLD’s Reefton facility for pXRF using an Olympus Vanta hand-held analyser, and then on to ALS Geochemistry, Brisbane, for Au-TL43 analysis. The ALS analysis consisted of 25-g sample digestion by aqua regia, followed by trace Au analysis by ICP-MS. The detection limit for Au by this method is 1ppb. ALS Brisbane is independent to RUA GOLD.
Field duplicates were collected every 20th sample and underwent the same drying, sieving, pXRF, and gold assay process outlined above. Duplicates were checked and validated by RUA GOLD’s Isogonal data validation system to ensure compliance.
QA/QC ROCK-CHIP SAMPLES
Rock-chip samples were collected in the field during routine mapping and soil sampling. The location of each sample was recorded in the field with a Garmin GPSMAP 66i and details of the samples recorded in a notebook or mapping application. Samples were photographed and sent to SGS Waihi for sample preparation. Sample information was entered into .csv files and uploaded to an SQL database.
Samples were crushed to 75% passing 2 mm (SGS code CRU75) and pulverised to 85% passing 75 µm (SGS code PUL85_CR). The pulverised rock-chips were split into two samples: a ~50 g sent for laboratory analysis, and the reject returned to RUA GOLD for pXRF analysis and storage.
The 50 g sub-samples were analysed by AAS after fire assay at SGS Waihi (SGS code FAA505). Detection values for this method are 0.01-100 ppm Au.
SGS is independent to RUA GOLD and its laboratories are accredited to applicable ISO/IEC 17025 standards.
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 programs at its Reefton project and the results thereof; and the Company’s acquisition of Reefton Resources Pty Limited. 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.
This news release references projects near to the Glamorgan Project and historical production from certain areas of New Zealand. Mineralization on nearby projects is not necessarily indicative of mineralization on the Glamorgan Project. Historical production from the Reefton Gold District or the Hauraki District is not an necessarily an indication that significant production will be possible from the Glamorgan Project.
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: Significant gold and arsenic assay results from soil samples.
| Sample ID | Easting_NZTM | Northing_NZTM | Au (ppm) | As (ppm) |
| WR10019 | 1846387 | 5875239 | 0.66 | 1052 |
| WR18022 | 1845455 | 5873468 | 0.28 | 15 |
| WR14016 | 1845843 | 5874398 | 0.26 | 36 |
| WR05107 | 1848533 | 5875462 | 0.26 | 367 |
| WR07134 | 1848758 | 5874761 | 0.26 | 26 |
| WR06119 | 1848620 | 5875127 | 0.22 | 487 |
| WR15027 | 1845911 | 5874072 | 0.19 | 119 |
| WR11057 | 1846925 | 5874648 | 0.18 | 398 |
| WR10018 | 1846369 | 5875249 | 0.18 | 353 |
| WR09143 | 1848669 | 5874237 | 0.17 | 241 |
| WR04109 | 1848691 | 5875660 | 0.14 | 1391 |
| WR10019 | 1846387 | 5875239 | 0.66 | 1052 |
| WR04111 | 1848726 | 5875641 | 0.06 | 954 |
| WR04110 | 1848709 | 5875650 | 0.05 | 922 |
| WR01116 | 1849182 | 5876244 | 0.10 | 896 |
| WR16124 | 1847478 | 5872900 | 0.05 | 877 |
| WR15118 | 1847496 | 5873177 | 0.12 | 857 |
| WR11048 | 1846769 | 5874736 | 0.03 | 784 |
| WR10033 | 1846630 | 5875102 | 0.06 | 772 |
| WR15149 | 1848036 | 5872872 | 0.02 | 607 |
Table 2: Significant assay results from rock-chip samples.
| Sample ID | Location | Type | Easting_NZTM | Northing_NZTM | Au (ppm) |
| GERS1666 | Sutcliff Stream | Float | 1847056 | 5874959 | 8.25 |
| GERS1669 | Sutcliff Stream | Float | 1847092 | 5875111 | 7.15 |
| GERS1661 | Sutcliff Stream | Float | 1846787 | 5874763 | 4.37 |
| GERS1663 | Sutcliff Stream | Float | 1846916 | 5874785 | 3.95 |
| GERS1667 | Sutcliff Stream | Float | 1847113 | 5875120 | 2.46 |
1 See OceanaGold’s news release dated February 19, 2025, for more information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251889
SOURCE Rua Gold Inc.
VANCOUVER, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) — Rua Gold Inc. (TSXV: RUA, OTC: NZAUF, WKN: A40QYC) (“RUA GOLD” or the “Company“) announces that it will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on May 6th. The Company invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation online at VirtualInvestorConferences.com.
This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s CEO, Robert Eckford in real time.
DATE: May 6th
TIME: 2:30PM EDT (11:30AM PDT)
LINK: REGISTER HERE
Available for 1×1 meetings: May 7th -13th
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to attend the event live on the day of the conference, an archived webcast will also be made available after the event.
Recent Company highlights that will be discussed include:
It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
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.
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.
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Source: Virtual Investor Conferences
Vancouver, British Columbia–(Newsfile Corp. – April 16, 2025) – 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.”
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.
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 <180µm in size. A sub-sample of 30-50g was scooped from the <180 µm size fraction for analysis. The remaining material was retained and stored in Reefton. The fine-sieved (<180µm) soil sub-sample was first analyzed in 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 ID | Easting | Northing | rL | Total Depth | Site _ID | Dip | Azimuth (true) | Year |
| ACDDH022 | 1507212 | 5333199 | 508 | 108.5 | Pad 10 | -54 | 193 | 2024 |
| ACDDH023 | 1507212 | 5333199 | 508 | 51.5 | Pad 10 | -60 | 85 | 2024 |
| ACDDH024 | 1507290 | 5333146 | 539 | 150 | Old 13 | -37 | 220 | 2025 |
| ACDDH025 | 1507290 | 5333146 | 539 | 180.9 | Old 13 | -54 | 248 | 2025 |
| ACDDH026 | 1507290 | 5333146 | 539 | 200 | Old 13 | -59 | 231 | 2025 |
| ACDDH027 | 1507290 | 5333146 | 539 | 193.4 | Old 13 | -45 | 212 | 2025 |
| ACDDH028 | 1507079 | 5332952 | 607 | 243.5 | Pad 18 | -50 | 104 | 2025 |
| ACDDH029 | 1507079 | 5332952 | 607 | 256 | Pad 18 | -50 | 120 | 2025 |
| ACDDH030 | 1507079 | 5332952 | 607 | 268.5 | Pad 18 | -53 | 85 | 2025 |
Table 2: Significant drilling intercepts at Auld Creek, full mineralized zone composites (1.5g/t Au cut-off)
| Sample No | From | To | Interval | Au (g/t) | Sb (%) |
| ACDDH026 | 175 | 175.9 | 0.9 | 0.96 | |
| ACDDH026 | 175.9 | 177.1 | 1.2 | 1.55 | |
| ACDDH027 | 152 | 153 | 1 | 2.52 | |
| ACDDH027 | 153 | 154 | 1 | 1.88 | |
| ACDDH027 | 154 | 155 | 1 | 3.44 | |
| ACDDH027 | 155 | 156 | 1 | 2.25 | |
| ACDDH027 | 156 | 157 | 1 | 1.84 | |
| ACDDH027 | 157 | 158 | 1 | 0.37 | |
| ACDDH027 | 158 | 159 | 1 | 0.15 | |
| ACDDH027 | 159 | 160 | 1 | 2.38 | 0.013% |
| ACDDH027 | 160 | 161 | 1 | 2.39 | 0.802% |
| ACDDH027 | 161 | 162 | 1 | 4.75 | 0.008% |
| ACDDH027 | 162 | 163 | 1 | 2.84 | 0.016% |
| ACDDH027 | 163 | 164 | 1 | 8.42 | 0.010% |
| ACDDH027 | 164 | 165 | 1 | 4.7 | 0.010% |
| ACDDH027 | 165 | 166 | 1 | 3.77 | 0.009% |
| ACDDH027 | 166 | 167 | 1 | 15 | 0.178% |
| ACDDH027 | 167 | 168 | 1 | 3.11 | 0.428% |
| ACDDH028 | 209.5 | 210.15 | 0.65 | 0.92 | |
| ACDDH028 | 210.15 | 210.6 | 0.45 | 18.4 | 11.600% |
| ACDDH028 | 210.6 | 211.4 | 0.8 | 8.28 | 4.680% |
| ACDDH028 | 211.4 | 212 | 0.6 | 1.68 |
1.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.
2.Please see the Company’s technical report entitled, “Technical Report on Reefton Project, New Zealand”, dated October 30, 2024.
3.Based on gold equivalent formula of AuEq = Au g/t + 1.9 x Sb% using a Au price of US$2025/oz, Sb price of US$15,000 per tonne and 85% recovery.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248701
Vancouver, British Columbia–(Newsfile Corp. – April 3, 2025) – 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.”
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.
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).
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.
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,
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.
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.
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.
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).
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 No | From | To | Interval | ALS 2025 (Photon) | Original Assay (Screen fire ) | Average Two methods |
| GAL01001 | 30.6 | 32 | 1.3 | 2.2 | 3.16 | 2.68 |
| GAL01002 | 32 | 33 | 1 | 0.97 | 1.37 | 1.17 |
| GAL01003 | 33 | 34 | 1 | 0.32 | 1.9 | 1.11 |
| GAL01004 | 34 | 35 | 1 | 0.11 | 3.32 | 1.715 |
| GAL01005 | 35 | 36 | 1 | <0.03 | 0.02 | 0.01 |
| GAL01006 | 36 | 37 | 1 | <0.03 | 0.01 | 0.01 |
| GAL01007 | 37 | 38 | 1 | 2.66 | 3.38 | 3.02 |
| GAL01008 | 38 | 39 | 1 | 21.17 | 23.4 | 22.285 |
| GAL01009 | 39 | 40 | 1 | 0.33 | 0.5 | 0.415 |
| GAL01010 | 40 | 41 | 1 | 0.26 | 0.46 | 0.36 |
| GAL01011 | 41 | 42 | 1 | 1.98 | 6.31 | 4.145 |
| GAL01012 | 42 | 43 | 1 | 0.27 | 0.97 | 0.62 |
| GAL01013 | 43 | 44 | 1 | 0.43 | 1.73 | 1.08 |
| GAL01014 | 44 | 45 | 1 | 0.04 | 3.53 | 1.785 |
| GAL01015 | 45 | 46 | 1 | 1.8 | 0.54 | 1.17 |
| GAL01016 | 46 | 47 | 1 | 2.75 | 6.81 | 4.78 |
| GAL01017 | 47 | 48 | 1 | 426 | 1910 | 1168 |
| GAL01018 | 48 | 49 | 1 | 46.12 | 30 | 38.06 |
| GAL01019 | 49 | 50 | 0.7 | 5.2 | 4.68 | 4.94 |
| GAL01020 | 50 | 51 | 1 | 28.46 | 1.49 | 14.975 |
| GAL01021 | 51 | 52 | 1 | 7.14 | 6.77 | 6.955 |
| GAL01022 | 52 | 53 | 1 | 8.15 | 6.98 | 7.565 |
| GAL01023 | 53 | 54 | 1 | 1.15 | 0.87 | 1.01 |
| GAL01024 | 54 | 55 | 1 | 0.19 | 0.11 | 0.15 |
| GAL01025 | 55 | 56 | 1 | 0.38 | 0.53 | 0.455 |
| GAL01026 | 56 | 57 | 1 | 3.41 | 2.14 | 2.775 |
| GAL01027 | 57 | 58 | 1 | 2.96 | 2.28 | 2.62 |
| GAL01028 | 58 | 59 | 1 | 0.46 | 0.24 | 0.35 |
| GAL01029 | 59 | 60.2 | 0.5 | 0.41 | 0.52 | 0.465 |
Note: true width of vein: 8m.
Table 2: Historic Production Cumberland Camp (Barry, 1993)
| Lode | Tonnes | Production (Au oz) | Recovered grade (oz/t) | Recovered grade (g/t) |
| Scotia | 604 | 1,283 | 2.1 | 66.1 |
| Gallant | 2,378 | 759 | 0.3 | 9.9 |
| Sir Francis Drake-Happy Valley | 17,261 | 5,810 | 0.3 | 10.5 |
| Cumberland | 14,120 | 13,629 | 1.0 | 30.0 |
| Exchange-Industry | 519 | 260 | 0.5 | 15.6 |
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 hole | Easting (NZTM) | Northing (NZTM) | Elevation (RL) | End depth | Azimuth | Dip |
| GAL001 | 1508726 | 5327981 | 628 | 123.7 | 293° | -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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247207
Vancouver, British Columbia–(Newsfile Corp. – February 25, 2025) – 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:
Drilling of Auld Creek commenced in December 2024, holes ACDD024 and ACDD025 intersected 4-5m of strong visible stibnite (antimony) mineralization.
Assay results show:
ACDDH024: 12m @ 12.2g/t AuEq1 (1.9g/t Au & 2.4% Sb) from 105m depth
Including 2m @ 54.8 g/t AuEq1 (3.8g/t Au & 11.9% Sb)
ACDDH025: 8m @ 13.2g/t AuEq1 (2.2g/t Au & 2.2% Sb) from 106m depth
Including 3m @ 33.2g/t AuEq1 (3.6g/t Au & 6.9% Sb)
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.
Drilling has confirmed higher grade antimony mineralisation on the Fraternal shoot within a broader lower grade gold halo. Modelling suggesting a gentle plunge to the south, remains open to the south along strike and at depth with drilling commencing to the south to expand the existing resource.
Surface exploration is intensifying to target extensions to the Fraternal and Bonanza north and south, where it remains open over a 2.5km length.
Robert Eckford, CEO of RUA GOLD commented: “The results from these two holes drilled at Auld Creek show increased antimony grades which is very encouraging. It further supports the fact that we are holders of New Zealand’s largest antimony resource and are delivering on the commitment to our shareholders to build on our inventory of gold ounces and antimony tonnes at our Reefton project.
Drilling to date on Auld Creek antimony-gold prospect has improved confidence in the existing resource and provided detail on higher grade plunging shoots open to the south. We are focused on expanding the Auld Creek resource north and south, with intensified surface exploration to assist targeting additional mineralization over its 2.5km surface strike length.
This comes on the back of both gold and antimony trading at all time high spot prices and both commodities being announced on New Zealand’s first ever critical minerals list.”
1. 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.
Figure 1: Overview of the Reefton Goldfield.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/242259_e2854799c4fc58fb_007full.jpg
GLOBAL SUPPLY AND VALUE OF ANTIMONY
Antimony is a critical mineral sourced from stibnite (Sb2S3). In 2023, it was reported by the Critical Minerals Institute (CMI) as one of the scarcest of all critical minerals. Spot prices have risen as demand increases with its essential input into applications across renewable energy, liquid battery metals, defence and technological sectors.
Due to its scarcity and 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 continues to reach new highs, trading over US$50,000 per tonne, a significant increase from US$11,350 per tonne at the start of 2024.
EXPLORATION POTENTIAL
Auld Creek Focus
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 indicating 700,000 tonnes at 3.1g/t Au and 1.1% Sb for 67,000oz of gold and 8,000 tonnes of antimony2. 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.
2. Please see the Company’s technical report entitled, “Technical Report on Reefton Project, New Zealand”, dated October 30, 2024.
Two of the four holes completed to date intersected 4-5m of strong visible stibnite (antimony sulfide) mineralization in the Fraternal-Bonanza structure. No significant mineralization was found in holes ACDDH022 and ACDDH023. Results from ACDDH024, ACDDH025 confirm the average gold grades of current resource estimate but report higher antimony grades. Full table of results are in Tables 1 and 2 of the appendices.
Ongoing drilling is targeting the southern plunging Fraternal gold-antimony shoot which remains open along strike and at depth.
Intensified surface exploration is focused both north and north-west to delineate drill targets on the Fraternal North and Bonanza north-west extensions.
Figure 2: Fraternal and Bonanza ore shoots at Auld Creek.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/242259_e2854799c4fc58fb_008full.jpg
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.
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 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
Drillholes sampled following 1-m sample intervals unless geological contacts (i.e. dolerite intrusions) dictated otherwise. NQ core was analyzed as whole core; therefore, only requiring cutting along sample intervals. PQ and HQ core were sampled as half core.
Drill core samples were sent to SGS Westport for sample preparation. Core was crushed to 75% passing 2 mm, and 1-kg split of material was pulverized (to 85% passing 75 µm). No split duplicates were collected during the crushing steps. Two scoops were taken from the pulverize bowl: one for laboratory analysis (~150 g) and the other for pXRF analysis (~100 g). The pulp reject is stored in Reefton.
Pulverized drill core samples were analyzed 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. The detection limit for Au by this method is 0.01 ppm. As part of SGS’ internal quality control, SGS conducted repeat analyses, also at a rate of ~5%.
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: Summary of assay results from hole ACDDH024.
| Hole ID | Azimuth | Dip (⁰) | Easting (NZTM) | Northing (NZTM) | From | To | Interval (m) | Au g/t | Sb % | Au Eq |
| ACDDH024 | 220 | -37 | 1507290 | 5333147 | 105 | 106 | 1 | 1.28 | 0.03 | 1.41 |
| 106 | 107 | 1 | 1.65 | 0.01 | 1.69 | |||||
| 107 | 108 | 1 | 1.65 | 0.05 | 1.86 | |||||
| 108 | 109 | 1 | 1.79 | 0.04 | 1.96 | |||||
| 109 | 110 | 1 | 3.34 | 0.74 | 6.51 | |||||
| 110 | 111 | 1 | 1.71 | 0.89 | 5.53 | |||||
| 111 | 112 | 1 | 2.16 | 0.13 | 2.72 | |||||
| 112 | 113 | 1 | 1.18 | 0.34 | 2.64 | |||||
| 113 | 114 | 1 | 5.18 | 9.99 | 48.03 | |||||
| 114 | 115 | 1 | 2.42 | 13.80 | 61.61 | |||||
| 115 | 116 | 1 | 0.33 | 1.50 | 6.76 | |||||
| 116 | 117 | 1 | 0.32 | 1.61 | 7.23 | |||||
| from 105m | 12 | 1.92 | 2.43 | 12.33 | ||||||
| from 113m | 2 | 3.80 | 11.90 | 54.82 |
Note: Intervals represented are down-hole intervals, and averages are arithmetic.
Table 2: Summary of assay results from hole ACDDH025.
| Hole ID | Azimuth | Dip (⁰) | Easting (NZTM) | Northing (NZTM) | From | To | Interval (m) | Au g/t | Sb % | Au Eq |
| ACDDH025 | 246.8 | -53.6 | 1507290 | 5333147 | 116 | 117 | 1 | 1.9 | 0.01 | 1.94 |
| 117 | 118 | 1 | 0.48 | 0.01 | 0.52 | |||||
| 118 | 119 | 1 | 0.77 | 0.02 | 0.86 | |||||
| 119 | 120 | 1 | 1.14 | 0.01 | 1.18 | |||||
| 120 | 121 | 1 | 2.4 | 0.73 | 5.53 | |||||
| 121 | 122 | 1 | 7.29 | 3.87 | 23.89 | |||||
| 122 | 123 | 1 | 2.49 | 15.6 | 69.40 | |||||
| 123 | 124 | 1 | 1.04 | 1.29 | 6.57 | |||||
| from 116m | 8 | 2.2 | 2.7 | 13.74 | ||||||
| from 121m | 3 | 3.6 | 6.9 | 33.29 |
Note: Intervals represented are down-hole intervals, and averages are arithmetic.
Table 3: Significant drilling intercepts for Auld Creek, full mineralized zone composites (1.5 g/t Au cut-off)1.
| Hole ID | Azimuth | Dip (⁰) | Easting (NZTM) | Northing (NZTM) | From (m) | To (m) | Downhole Interval (m) | Au (g/t) | Sb (%) |
| ACDDH004 | 45 | -60 | 1507194 | 5332976 | 51.72 | 57.9 | 6.18 | 1.59 | 0,01 |
| ACDDH004 | 45 | -60 | 1507194 | 5332976 | 116.19 | 136.84 | 20.65 | 5.41 | 2.17 |
| ACDDH005 | 100 | -60 | 1507194 | 5332976 | 57.66 | 64.41 | 6.75 | 1.64 | 0.06 |
| ACDDH005 | 100 | -60 | 1507194 | 5332976 | 65.8 | 80.35 | 14.55 | 2.07 | 0.10 |
| ACDDH007 | 40 | -58 | 1507185 | 5332881 | 123.22 | 148.45 | 25.23 | 3.14 | 0.07 |
| ACDDH008 | 100 | -58 | 1507186 | 5332881 | 72.14 | 76.35 | 4.21 | 1.55 | 0.02 |
| ACDDH011 | 130 | -81 | 1507212 | 5333051 | 75.3 | 83.4 | 8.1 | 2.73 | 4.33 |
| ACDDH015 | 158 | -58 | 1507204 | 5333139 | 69.6 | 82 | 12.4 | 5.19 | 13.65 |
| ACDDH015 | 158 | -58 | 1507204 | 5333139 | 105 | 132.4 | 27.4 | 3.67 | 0.2 |
| ACDDH016 | 330 | -55 | 1507202 | 5333141 | 65 | 90 | 25 | 6.55 | 0.29 |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242259
VANCOUVER, BC, Feb. 12, 2025
/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./
VANCOUVER, BC, Feb. 12, 2025 /CNW/ – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company“) is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as sole agent (the “Agent“), pursuant to which the Agent has agreed to act as agent on a “best efforts” basis, in connection with the public offering of 8,333,400 common shares in the capital of the Company (each, a “Common Share“) at a price of C$0.60 per Common Share (the “Offering Price“) for aggregate gross proceeds of C$5,000,040 (the “Offering“). The Offering is expected to close on or about February 20, 2025 (the “Closing Date“), or such other date as agreed upon between the Company and the Agent, and is subject to certain conditions including, but not limited to the receipt of all necessary regulatory approvals.
The Company has granted to the Agent an option (the “Over-Allotment Option“) exercisable, in whole or in part, within 30 days after the Closing Date to sell, at the Offering Price, up to 1,250,010 additional Common Shares (being that number of additional Common Shares equal to 15% of the number of Common Shares issuable pursuant to the Offering) for market stabilization purposes and to cover over-allotments, if any.
The Company intends to use the net proceeds from the Offering for continuing the exploration program on its Reefton Project, and for general working capital and general corporate purposes.
The Common Shares will be issued pursuant to a prospectus supplement (the “Supplement“) to the Company’s base shelf prospectus dated July 11, 2024 (the “Shelf Prospectus“) that will be filed in each of the provinces and territories of Canada, except Quebec. The Common Shares may also be sold in the United States on a private placement basis pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and applicable U.S. state securities laws, and other jurisdictions outside of Canada and the United States pursuant to available prospectus or registration exemptions in accordance with applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.
Copies of the Supplement, following filing thereof, and the Shelf Prospectus may be obtained on SEDAR+ at www.sedarplus.ca. The Shelf Prospectus contains, and the Supplement will contain, important detailed information about the Company and the proposed Offering including the proposed use of proceeds therefrom. Prospective investors should read the Supplement, accompanying Shelf Prospectus and the documents incorporated by reference therein before making an investment decision.
The securities referred to in this news release have not been, nor will they be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. “United States” and “U.S. person” are as defined in Regulation S under the U.S. Securities Act.
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.
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 filing of the Supplement, the size of the Offering, the intended use of the net proceeds of the Offering, the timing of the Closing Date and completion of the Offering, the exercise of the Over-Allotment Option, the receipt of all necessary regulatory approvals; 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 statement.
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.
SOURCE Rua Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – January 23, 2025) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company“) is pleased to provide an update following the completion of the first phase of surface exploration on its Glamorgan epithermal gold prospect in the Hauraki region on the North Island New Zealand.
Highlights:
Simon Henderson, COO of RUA GOLD commented: “successful exploration commences with sound geological mapping, detailed geochemistry and geophysical surveys, and the addition of some innovative science and technology to see the opportunity for a major epithermal gold discovery.
With the highly prospective geology of Wharekirauponga and Waihi, major gold deposits next door, our exploration team is highlighting the footprint of another potential significant epithermal gold-silver vein system. CSAMT ground resistivity mapping has commenced and will be the final detail needed to feed into the VRIFY AI tool and then rank drill targets on this exciting opportunity.”

Figure 1: Glamorgan is located adjacent to the high grade Wharekirauponga and Waihi gold deposits.
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Figure 2: Location of the Wires Ridge prospect within the Glamorgan permit.
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EXPLORATION UPDATE
UAV Magnetic Surveying
Following the access granted in May 2024, RUA GOLD’s exploration commenced with UAV ultra detailed magnetic surveying, completing 590 line-km of flying using a Geometrics MagArrow magnetometer suspended under a DJI M300 drone. Interpretation of the data has assisted in defining key aspects of lithology and alteration of the Whitianga Group rhyolites and Coromandel Group andesites. Major structural features interpreted in the data align with regional mineralization trends.
Ultra detailed UAV magnetics flown by the exploration team highlights strong alteration (de-magnetization of the host rocks) enveloping the two anomalies and demonstrating a major alteration cell indicative of the footprint of a major epithermal system (Figure 3).
Soil Sampling
Soil sampling commenced in July 2024 along 250m spaced crosslines with a sample spacing of 20m. A total of 3,181 samples were collected, dried, sieved in RUA GOLD’s Waihi facility, then transported to Reefton and analyzed by pXRF in RUA GOLD’s Reefton laboratory.
Simultaneously, each sample was analyzed for short-wave near infrared (SWIR) reflectance spectrometry using a TerraSpec 4 Hi-Res mineral analyzer with 6nm resolution to complete a picture of the clay alteration system, enabling identification of the higher levels of the epithermal system. A 50g split of soil was then freighted to ALS Brisbane for low-level precision gold assay. Arsenic anomalism with coincident gold anomalism highlights the two major soil anomalies A and B (Appendix table 1 and Figure 3).
Anomaly A trends north-northwest for 4.2km with conjugate gold-arsenic trends in a north-east direction. This anomaly remains open to the northwest. The northeast direction mirrors the orientation of the significant Wharekirauponga gold deposit adjacent to the Glamorgan Project.
Anomaly B trends northerly and follows north to northeasterly quartz veins mapped over 4km and is open to the north and south. The southern end of this anomaly coincides with the Wentworth/Auckland historical mine workings.

Figure 3: Soil geochemistry & UAV magnetic data highlight two major gold-arsenic anomalies and coincident strong alteration in the Wires Ridge prospect.
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Field Mapping
Ongoing field mapping has highlighted broad alteration and veining in situ, and areas of quartz-adularia float displaying banded, platy quartz after calcite, as well as brecciated andesite with stockwork veining increasing toward the zones of interest. Both float and in situ rock-chip sampling have returned encouragingly anomalous gold (Appendix table 2), coincident with the zones of high soil geochemistry.
Geological mapping and CSAMT ground geophysical surveying will be completed in Q1 2025, allowing interpretation and drill targeting mid-year.
ABOUT GLAMORGAN
The Glamorgan Project lies within the Hauraki Goldfield, a major epithermal gold district, with over 50 historic mines and one operating mine (Waihi). The Waihi mine has produced over 10Moz of gold, with disclosed resources of 2.54Moz gold and 9.3Moz silver, and reserves of 0.48Moz gold and 1.5Moz silver remaining (estimated as at December 31, 2023 – see OceanaGold press release dated February 21, 2024 for more details).
Adjacent to the Glamorgan Project lies OceanaGold’s Wharekirauponga deposit, with an initial reserve of 1.2Moz gold announced in December 2024. Early phase design and construction is expected to begin in 2025, with the first ore expected to be produced in 20321.
RUA GOLD’s Chief Operating Officer, Simon Henderson previously spent 14 years delineating the resource at OceanaGold’s Waihi operation and then went on to joint-venture both the Glamorgan Project and Wharekirauponga Project under Glass Earth Minerals Inc., leading the exploration team to the Wharekirauponga discovery.

Figure 4: UAV magnetic data over the Wires Ridge Prospect within the Glamorgan permit.
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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 geophysical, sampling, and mapping programs to verify that they have been conducted in accordance with the 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 SOIL SAMPLES
A bulk sample of ~0.5-1 kg was collected in the field. 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 Waihi facility 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 <180µm in size. A sub-sample of 50-100g was scooped from the <180 µm size fraction for analysis. The remaining material was retained and stored in Waihi.
The 50-100-g fine-sieved (<180µm) soil sub-sample was sent to RUA GOLD’s Reefton facility for pXRF using an Olympus Vanta hand-held analyser, and then on to ALS Geochemistry, Brisbane, for Au-TL43 analysis. The ALS analysis consisted of 25-g sample digestion by aqua regia, followed by trace Au analysis by ICP-MS. The detection limit for Au by this method is 1ppb.
ALS Brisbane is independent to RUA GOLD.
Field duplicates were collected every 20th sample and underwent the same drying, sieving, pXRF, and gold assay 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.
Appendix Table 1: Significant gold and arsenic assay results from soil samples.
| Sample ID | Easting_NZTM | Northing_NZTM | Au (ppm) | As (ppm) |
| WR18022 | 1845455 | 5873468 | 0.28 | 17 |
| WR14016 | 1845843 | 5874398 | 0.26 | 41 |
| WR05107 | 1848533 | 5875462 | 0.26 | 410 |
| WR07134 | 1848758 | 5874761 | 0.26 | 29 |
| WR06119 | 1848620 | 5875127 | 0.22 | 542 |
| WR15027 | 1845911 | 5874072 | 0.19 | 132 |
| WR09143 | 1848669 | 5874237 | 0.17 | 268 |
| WR14017 | 1845860 | 5874388 | 0.17 | 22 |
| WR14007 | 1845686 | 5874486 | 0.15 | 281 |
| WR03096 | 1848588 | 5876006 | 0.14 | 315 |
| WR04109 | 1848691 | 5875660 | * | 1546 |
| WR04111 | 1848726 | 5875641 | * | 1061 |
| WR10019 | 1846387 | 5875239 | * | 1052 |
| WR04110 | 1848709 | 5875650 | * | 1025 |
| WR01116 | 1849182 | 5876244 | 0.10 | 1000 |
| WR16124 | 1847478 | 5872900 | 0.05 | 981 |
| WR15118 | 1847496 | 5873177 | 0.12 | 952 |
| WR11048 | 1846769 | 5874736 | * | 784 |
| WR10033 | 1846630 | 5875102 | * | 772 |
| WR15149 | 1848036 | 5872872 | 0.02 | 673 |
* gold assay results pending
Table 2: Significant assay results from rock-chip samples.
| Sample ID | Location | Type | Easting_NZTM | Northing_NZTM | Au (ppm) |
| GERS0746 | Wharekawa River | Float | 1846791 | 5877157 | 5.71 |
| GERS0747 | Wharekawa River | Float | 1846610 | 5876261 | 4.35 |
| GERS1605 | Wharekawa River | Float | 1847353 | 5875117 | 6.24 |
| GERS1611 | Wharekawa River | Float | 1847144 | 5875759 | 7.32 |
| GERS1618 | Sutcliff Stream | Float | 1847346 | 5875253 | 10.80 |
| GERS1623 | Phoenix Stream | Float | 1847263 | 5874868 | 6.05 |
| GERS1625 | Phoenix Stream | Float | 1847205 | 5874503 | 43.10 |
| GERS1626 | Phoenix Stream | Float | 1847246 | 5874406 | 8.04 |
| GERS1636 | Tairua River | Outcrop | 1845747 | 5873564 | 10.90 |
1: Source: OceanaGold Pre-Feasibility Study, December 11, 2024
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238183
Vancouver, British Columbia–(Newsfile Corp. – January 20, 2025) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company”) is pleased to provide an update from the drilling campaign underway at the Reefton Project on the South Island of New Zealand.
Highlights:
All three holes in Murray Creek have intercepted visible gold in down-dip extensions of the historical Victoria lode, demonstrating vertical continuity over 100 meters and still open.
Murry Creek assays ranging from 11.1 – 34.1g/t gold, intercept widths indicate a pinch and swell of the vein from 0.2 – 1.2m.
1.35% Sb (stibnite) in DD_VIC_42A demonstrates the antimony potential in this region.
Introduction of Devico Navi-drilling provides benefits of accuracy and economy in the resource definition stage.
Gold results in 4 of the 6 drill holes at Capleston, with the northern-most intercept averaging 4.8g/t Au over 3.3m.
Robert Eckford, CEO of RUA GOLD commented: “it is very encouraging to be intercepting gold on the majority of our targets in the Reefton Goldfield. Murray Creek has delivered vertical continuity and visible gold on every hole and even more exciting as we start seeing visible antimony on this target. The drill program is progressing nicely and with the navi-drilling team in place and two main holes complete, we can start building structure with our 20m spaced drill program. The near surface gold results at Capleston also indicate there is potential for early development opportunities.”
Figure 1: Quartz vein from VIC042A, 0.3m @ 27.18 g/t Au.
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Murray Creek
The Company has advanced the testing of the down-dip extension of the Victoria lode, DD_VIC_042B. This intersected the targeted gold vein at 390m down hole with a 1m quartz vein followed by a 0.2m mineralized fault, including fine visible gold throughout the vein and antimony infilling fractures. This intercept is 80m below the historical Victoria mine, and 20m northeast of the DD_VIC_042A intercept.
The third drill hole (DD_VIC_042A) intercepted a 0.3m quartz vein with visible gold in a 0.6m mineralized fault. The quartz vein assayed 0.3m at 27.2/t Au with 1.35% Sb (antimony).
Table 1: Assay results Murray Creek Drilling Program
| Drill hole | From | To | Interval | Au (g/t) | Sb (%) |
| VIC_042 | 388.65 | 388.85 | 0.2m | 34.1 | Not tested |
| VIC_042A | 388.6 | 388.9 | 0.3m | 27.2 | 1.35% |
| VIC_042B | 390.0 | 391.2 | 1.2m | 11.1 | Pending |
RUA GOLD have commenced a series of directional drill holes with IMDEX Devico Navi-drilling to progress the delineation of the unmined reef down dip and along strike.
Two parent holes have been established (DD_VIC_042 and 046) and there are 6 more directionally drilled holes planned in the first quarter 2025. This program will test ~200m down strike of the historical Victoria Mine lode which produced 33,877oz at 19.9g/t Au (Barry, 1993).
Figure 2: Cross section through the Victoria lode, Murray Creek.
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Capleston
The Company is targeting an undeveloped and near-surface vein at the southern end of the two kilometer long historic Capleston project. Near surface targets lend themselves to early development and are the closest to transportation and infrastructure, providing low-cost operational advantages.
The program consists of 6 drill holes, with the northern-most intercept averaging 4.8g/t Au over 3.3m.
Table 2: Assay results Capleston Drilling Program
| Drill hole | From | To | Interval | Au (g/t) |
| REF_043 | 32 | 33 | 1m | 3.2 |
| REF_044 | 31 | 32 | 1m | 2.9 |
| REF_044T | 29 | 31 | 2m | 5.3 |
| REF_047 | 29.7 | 33 | 3.3m | 4.8 |
No significant results in DD_REF_045, 048.
The drill rig at Capleston has been demobilized as the exploration team shift its focus onto the Cumberland targeted as highlighted in the news release dated January 13, 2024. Results from the drill program will be collated into the model and assessed for the next phase of drilling.
Figure 3: Intercepts of REF047 and REF048, inspecting core at Reform.
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Figure 4: Location of Reefton Projects
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QAQC Drilling
The majority of drillholes were sampled in full, typically following 1-m sample intervals unless geological contacts (i.e. dolerite intrusions) dictated otherwise. NQ core was analyzed as whole core; therefore, only requiring cutting along sample intervals. PQ and HQ core were sampled as half core.
Coarse gold intersections (Victoria lode visible nuggety gold intervals) are sampled in full, dried and dispatched to ALS Perth, Australia for PhotonAssay analysis using method PA01 with a detection limit of 0.03ppm Au. 500gm samples were submitted with Certified Reference Material (CRM) following coarse crushing. This method is non-destructive allowing the preservation of the entire whole-core, and unlimited repeat testing.
Standard drill core samples were sent to SGS Westport for sample preparation. Core was crushed to 75% passing 2 mm, and 1-kg split of material was pulverized (to 85% passing 75 µm). No split duplicates were collected during the crushing steps. Two scoops were taken from the pulverize bowl: one for laboratory analysis (~150 g) and the other for pXRF analysis (~100 g). The pulp reject is stored in Reefton. Pulverized drill core samples were analyzed by 50-g fire assay with AAS finish at SGS Waihi (SGS Code FAA505). The detection limit for Au by this method is 0.01 ppm. As part of SGS’ internal quality control, SGS conducted repeat analyses, also at a rate of ~5%.
The QP has verified the data disclosed including sampling, assay procedure and analytical information contained in the written disclosure.
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 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
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 programs at its Reefton project 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 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237800
Vancouver, British Columbia–(Newsfile Corp. – January 13, 2025) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Company”) is pleased to advise on the updated Cumberland gold camp drill target. This follows on from the integration of VRIFY AI into RUA’s extensive geological database and the consolidation of the Reefton Goldfield, an orogenic gold and antimony belt on the South Island of New Zealand.
Highlights:
The AI contribution is already paying dividends as the tool has accelerated the identification of and prioritization of our drill targets.
Prioritizing Cumberland gold camp comprising of 7 historic mines in a 2 km long north-northwest trending zone of quartz veins and shearing.
Follow up target on historic Cumberland drill hole, GAL001 showing 21.9m (5m true width) of 92.0g/t Au including 1m of 1911 g/t Au (60 oz/t).
Drilling contractor is being mobilized and the Company anticipates commencing drilling before the end of January.
The Company is expanding its 2025 exploration program to include the Cumberland gold camp, a historic gold camp 3kms south of Globe Progress Mine, which has produced over 1 million ounces of gold (historic production prior to 1950 of 424,000 ounces, and a further 665,000 ounces from 2007 – 2015 under OceanaGold).
Figure 1: Overview of the Reefton Goldfield.
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EARLY WIN FROM RUA GOLD’S AI INVESTMENT
The Cumberland target was identified by uncovering several exploratory holes drilled by OceanaGold 15 years ago, including hole GAL001, which had the following exceptional results on a well-defined quartz vein at shallow depth:
GAL001: 21.9m (5m true width) of 92.0g/t Au including 1m of 1911 g/t Au (60 oz/t).
GAL001 was drilled down the vein, giving an exaggerated width but provides for a compelling and prospective target to follow up immediately.
RUA GOLD has collated hundreds of thousands of data points from its recent Siren acquisition, historic workings and contemporary exploration on its multiple mine sites, and district wide geophysical data over the Reefton Goldfields. The ability to combine rapid data-mining of this information by VRIFY, in concert with RUA GOLD’s extensive surface geochemistry and ultra-detailed UAV magnetics accumulated in the last 5 years, provides us with rapid feedback on a multi layered dataset, that now focusses our prospect ranking, and directly informs our drilling programs.
Simon Henderson, COO of RUA GOLD, commented, “Consolidation of our holdings on the Reefton Goldfield provides a plethora of gold targets and historic deposits to examine. AI driven VRIFY provides a science data driven platform to assimilate the vast amount of data available, identify patterns and associations at lightning speed, and provide iterative feedback, constantly updating and adding value as the exploration process rolls out. We are excited by its early success in highlighting key areas such as Cumberland to prioritize our drill activity planned in 2025.”
Figure 2: VRIFY AI hotspot identification showing Cumberland-Gallant Prospect
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CUMBERLAND 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).
Figure 3: Map showing Cumberland historic mine camp
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INITIAL DRILL TARGET
Based on the extensive surface exploration work and historical drilling, the Gallant lode in the Cumberland gold camp presents an exceptional high-grade target that has never seen significant exploration work:
It has quartz veins outcropping on surface within an envelope of strong gold-arsenic anomalism.
It has several exploratory holes drilled by OceanaGold 15 years ago, which include exceptional results on a well-defined quartz vein at shallow depth (Table 1).
Core orientation clearly demonstrates that this intersection drilled down the quartz reef exaggerating its width.
Geological modelling interprets the vein to be approximately 5m wide.
Table 1: Intercept from GAL001, calculated with a 1.5ppm Au cut-off and up to 3m internal dilution.
| Drill hole | From | To | Interval | Au (g/t) |
| GAL001 | 31.0 | 52.9 | 21.9m | 92 |
| including | 47.0 | 48.0 | 1.0m | 1911 |
Note: true width of vein: 5m.
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.
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,
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.
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.
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.
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).
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.
(c) The QP satisfactorily verified all data used in this disclosure.
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.
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.
Appendices
Historic Production Cumberland Camp (Barry, 1993)
| Lode | Tonnes | Production (Au oz) | Recovered grade (oz/t) | Recovered grade (g/t) |
| Scotia | 604 | 1,283 | 2.1 | 66.1 |
| Gallant | 2,378 | 759 | 0.3 | 9.9 |
| Sir Francis Drake-Happy Valley | 17,261 | 5,810 | 0.3 | 10.5 |
| Cumberland | 14,120 | 13,629 | 1.0 | 30.0 |
| Exchange-Industry | 519 | 260 | 0.5 | 15.6 |
Source: Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield. Ministry of Commerce Resource Information Report No. 15.
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.
Table 3: Collar for GAL001, historic drill hole.
| Drill hole | Easting (NZTM) | Northing (NZTM) | Elevation (RL) | End depth | Azimuth | Dip |
| GAL001 | 1508726 | 5327981 | 628 | 123.7 | 293° | -70° |
Projection: New Zealand Transverse Mercator (NZTM) 2000.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236943
Vancouver, British Columbia–(Newsfile Corp. – November 25, 2024) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) (“RUA GOLD” or the “Company“) is pleased to announce the completion of the acquisition (the “Transaction“) of Reefton Resources Pty Limited (“Reefton“). Reefton was a 100% owned subsidiary of Siren Gold Ltd. (ASX:SNG) (“Siren“). The completion of the transaction expands RUA GOLD’s tenement package to cover over 95% of the Reefton Goldfield.
Robert Eckford, CEO of RUA GOLD, stated: “Today marks a pivotal point in RUA GOLD’s development. With the completion of this Transaction, the Reefton district is largely under control of one company. This creates the opportunity to develop a world-class, scalable mining operation in an area that had high-grade production and is considerably underexplored at depth.
Since the announcement in July, our team has been integrating Siren’s data from the Reefton properties and will incorporate this into the VRIFY AI drill targeting platform. Putting together all of these advanced exploration projects through the Transaction creates an exciting district scale opportunity.
Advancing the Auld Creek gold project and weighing up other compelling targets for immediate drilling along with our current drilling successes provides a broad platform for the future.”
With the Transaction complete, a third rig is mobilized to recommence drilling on the Auld Creek target, it is a compelling near surface resource opportunity. The two drill rigs currently operating will continue on the targets at Murray Creek, including the recently announced visible gold intercept of +1oz gold intersection (refer to news release dated November 4, 2024) and shallow Capleston targets.
Further targets are being analyzed in an iterative process using VRIFY AI targeting methodology and RUA GOLD’s comprehensive combined exploration and mining data sets.

Figure 1: Overview of the Reefton Goldfield.
To view an enhanced version of this graphic, please visit:
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Actively Advancing a District-Scale Discovery in a Tier 1 Jurisdiction:
Represents the next chapter in RUA GOLD’s development towards our goal to be a major gold producer in New Zealand.
Newly consolidated project represents an under-explored high-grade gold district in the world.
Permits, access, and consents in place for aggressive drilling following a district-wide reassessment of targets and potential on the combined land package.
The Transaction will increase regional tenement holdings from ~34k ha to ~125k ha and cover all known past mine camps outside of the Blackwater and Globe Progress mines.
Potential for lower overall project capital expenditures through the development of a central processing hub.
The Transaction increases RUA GOLD profile in New Zealand, allowing greater opportunity to work alongside a pro-mining Government in helping to expand its resource potential.
Backed by a team of mining professionals with +150 years of combined experience.

Figure 2: Tenement map of the Reefton Goldfield.
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1. Source: https://federationmining.com.au/wp-content/uploads/2024/10/Investor-Deck-Federation-OCT-2024.pdf

Figure 3: Cross Section of historic underground mines in the Reefton Goldfield.
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Transaction Summary
The Transaction was completed pursuant to a share purchase agreement dated July 12, 2024, as amended October 18, 2024 (the “Amended Agreement“). Pursuant to the Amended Agreement, as consideration for the acquisition of Reefton, RUA GOLD paid Siren aggregate consideration of A$20 million (C$18.4 million), representing:
A$2 million (C$1.8 million) in cash; and
83,927,383 common shares in the capital of RUA GOLD (each, a “Company Share“), representing A$18 million (C$16.6 million[1])
(collectively, the “Reefton Consideration“).
The Reefton Consideration remains subject to customary working capital adjustments.
RUA GOLD also acquired 10,000,000 common shares in the capital of Siren (each, a “Siren Share“) at a price of A$0.20 (C$0.18) per Siren Share for an aggregate of A$2 million (C$1.8 million).
In connection with closing of the Transaction, the Company and Siren entered into a shareholder rights agreement pertaining to Siren’s interest in RUA GOLD, pursuant to which, among other things:
RUA GOLD reconstituted its board of directors to be comprised of seven directors;
so long as Siren beneficially owns or controls at least 10% of the issued and outstanding Company Shares: (i) Siren may nominate one member to RUA GOLD’s board of directors; and (ii) Siren will vote any Company Shares it owns or controls in support of any proposed resolution recommended by RUA GOLD’s board of directors at any meeting of shareholders of the Company;
the 83,927,383 Company Shares issued to Siren at closing of the Transaction will be subject to the following resale restrictions: (i) 18,632,879 Company Shares will be restricted from trading until May 25, 2025; (ii) 18,632,879 Company Shares will be restricted from trading until November 25, 2025; (iii) 18,632,879 Company Shares will be restricted from trading until February 25, 2026; (iv) 18,632,879 Company Shares will be restricted from trading until May 25, 2026; and (v) 9,395,867 Company Shares will be restricted from trading until November 25, 2026 (collectively, the “Contractual Resale Restrictions“); and
the Contractual Resale Restrictions will cease to apply if, at any time following May 25, 2025, RUA GOLD’s market capitalization is at least $208,102,222.73.
Following completion of the Transaction:
Reefton operates as a wholly-owned subsidiary of RUA GOLD;
RUA GOLD owns approximately 7.5% of the issued and outstanding Siren Shares, calculated on an undiluted basis;
Siren owns approximately 26% of the issued and outstanding Company Shares, calculated on an undiluted basis, resulting in a new Control Person (as defined in the Policies of the TSX Venture Exchange (the “TSXV“));
Siren’s Chairman, Mr. Brian Rodan, joined RUA GOLD’s board of directors; and
RUA GOLD will transfer back tenement PP 60893 covering 7,305.20 ha to Siren.
The Transaction and creation of a new Control of the Company was approved by disinterested shareholders of the Company through the written consents in in accordance with TSXV policies. The Transaction remains subject to final acceptance from the TSXV.
Early Warning Disclosure
Siren Gold
In connection with the closing of the Transaction, Siren, with an address at Level 2, 41 – 43 Ord Street, West Perth WA 6005, has acquired 83,927,383 Company Shares at a price of $0.1983 per Common Share for an aggregate subscription amount of approximately $16,642,800. Immediately prior to the completion of the Transaction, Siren owned no securities of the Company. As a result of the Transaction, Siren owns and controls approximately 26% of the issued and outstanding shares of the Company on a non-diluted basis and 24% on a fully diluted basis.
Siren acquired the Company Shares for investment purposes. In the future, Siren will evaluate its investment in the Company from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease its shareholdings as circumstances require through market transactions, private agreements, or otherwise.
Siren currently has no plans or intentions which would result in a corporate transaction, a sale or transfer of a material amount of the assets of the Company or any of its subsidiaries, a change in the board of directors or management of the Company (other than as disclosed herein), including any plans or intentions to change the number or term of directors or to fill any existing vacancies on the board, a material change in the Company’s business or corporate structure, a change in the Company’s articles or similar instruments or another action which might impede the acquisition of control of Company by any person or company, a class of securities of the Company being delisted from, or ceasing to be authorized to be quoted on, a marketplace, the Company ceasing to be a reporting issuer in any jurisdiction of Canada, a solicitation of proxies from securityholders, or an action similar to any of those enumerated.
The disclosure respecting Siren’s shareholdings contained in this press release is made pursuant to National Instrument 62-103 and a copy of the report in respect of the above acquisition will be filed with applicable securities commissions using the Canadian System for Electronic Document Analysis and Retrieval (SEDAR+) and will be available on the Company’s SEDAR+ profile (www.sedarplus.ca). A copy may be obtained by contacting the Company as noted under “RUA GOLD Contact” below.
Advisors and Legal Counsel
Cormark Securities Inc. acted as financial advisor to the Company and its Board of Directors. McMillan LLP acted as Canadian legal counsel to the Company. Red Cloud Securities Inc. acted as financial advisor to Siren and its Board of Directors. Steinepreis Paganin acted as Australian legal counsel to Siren.
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 approximately 125,000 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 within 3 kms of 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 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 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.
[1] Calculated using RUA GOLD’s 30-day VWAP on the CSE as of July 12, 2024 of C$0.1983 at an AUD:CAD exchange rate of 0.9246.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231266
Vancouver, British Columbia–(Newsfile Corp. – November 4, 2024) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) (“RUA GOLD” or the “Company“) is pleased to provide an update from the drilling campaign underway at the Reefton Project on the South Island of New Zealand.
Murray Creek
RUA GOLD reports the completion of the second hole testing the down-dip extension of the Victoria lode, DD_VIC_042. This intersected the targeted gold vein at 388m down hole with a highly silicified and pyritic zone over 0.6m in length, including visible gold of 0.2m at 34.1g/t.
| Hole ID | Easting | Northing | From | To | Interval | Au (g/t) |
| DD_VIC_042 | 1509876 | 5336164 | 388.65 | 388.85 | 0.2m | 34.1 |
RUA GOLD has commenced a series of wedged daughter holes from DD VIC 042 to progress the delineation of the unmined reef down dip and along strike.
Historical records and rock hand specimens around old workings attest to high-grade visible gold in the historical mined veins. DD VIC 042 confirms both the presence of high-grade visible gold, and the continuity of the unmined lode 80m down dip of the current workings.
Robert Eckford, CEO of RUA GOLD commented: “this encouraging result with the second drill-hole of our near-mine program again validating this vein continues at depth and is still open. Careful 3D modelling and targeting of extensions and potential duplications of known gold lodes provides lower risk strategies to define resources economically. We are at the very outset of our drill program and with every hole it is getting better. Very exciting times for the RUA GOLD team and a testament to the dedication of the team on the ground in New Zealand.”
The Company commenced its near mine drill program on the Murray Creek targets in July. A second drill rig was introduced in September to test the Capleston vein system. These historic mines collectively produced ~700koz of gold at 25.2g/t within a radius of ~20 kilometers.

Figure 1 (a) interval 388.65-388.85m quartz + visible gold; (b) Drill rig 66, core being retrieved from barrel
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Figure 2: Cross-section through the Victoria lode, Murray Creek
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Capleston
The Company is targeting an undeveloped and near-surface vein at the southern end of the two kilometer long historic Capleston project. Near surface targets lend themselves to early development and are the closest to transportation and infrastructure, providing low-cost operational advantages. Additionally, a legacy drill hole intercepted the southern lode at 33m downhole, with 1m grading 24g/t Au followed by 1m @ 2.5g/t Au1. Mapping has recorded historical waste samples up to 32.0g/t Au in the vicinity1, and a strong soil anomaly enveloping the vein (up to 410ppb Au).
As previously announced, the first diamond drill hole, DD_REF_043, intersected a 12m zone of quartz-pyrite-arsenopyrite in the hanging wall, with a 1m quartz vein from 31m to 32m grading 3.86 g/t Au.
A second hole, DD_REF_044, completed on the southern end of the Capleston vein system has confirmed continuity of the vein to the north, with a 2m intersection of mineralization recorded. A third hole was commenced to target the vein to the south to confirm lateral continuity, prior to testing at depth. These are being logged and then will be sent for assay with results expected in the next exploration update in the next 2-4 weeks.

Figure 3: Capleston Section DD_REF_043, drill intersection and core highlighted
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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’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. RUA GOLD will have approximately 120,000 hectares of tenements, following the completion of its previously announced acquisition of Reefton Resources Pty Limited1, 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 within 3 kms of 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.
1 Refer to news released dated July 15, 2025.
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. Mr. Henderson has verified the data disclosed, including sampling, analytical, and test data underlying the information in the technical disclosure herein.
QAQC Drilling
The majority of drillholes were sampled in full, typically following 1-m sample intervals unless geological contacts (i.e. dolerite intrusions) dictated otherwise. NQ core was analyzed as whole core; therefore, only requiring cutting along sample intervals. PQ and HQ core were sampled as half core.
Drill core samples were sent to SGS Westport for sample preparation. Core was crushed to 75% passing 2 mm, and 1-kg split of material was pulverized (to 85% passing 75 µm). No split duplicates were collected during the crushing steps. Two scoops were taken from the pulverize bowl: one for laboratory analysis (~150 g) and the other for pXRF analysis (~100 g). The pulp reject is stored in Reefton.
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 programs at its Reefton project and the results thereof; and the Company’s acquisition of Reefton Resources Pty Limited. 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228746
Vancouver, British Columbia–(Newsfile Corp. – October 28, 2024) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) (“RUA GOLD” or the “Company“), is pleased to announce that its previously announced proposed acquisition (the “Transaction“) of Reefton Resources Pty Limited (“Reefton“) was approved at today’s special meeting of the shareholders of Siren Gold Ltd. (ASX: SNG) (“Siren“). Reefton is a 100% owned subsidiary of Siren, with tenements located adjacent to the Company’s suite of properties in New Zealand’s prolific Reefton Goldfield.
Robert Eckford, CEO of RUA GOLD, stated: “Recognizing the strategic rationale to create a district scale exploration opportunity covering some of the highest-grade gold and antimony assets in the world, Siren’s shareholders overwhelmingly voted in favor of this transformational transaction. The combined Company benefits from having both the local Reefton teams working together and Brian Rodan, Chairman of Siren joining the RUA GOLD board. We have a proven Board and Management team, in a favorable jurisdiction, looking to generate superior returns for both Siren and RUA GOLD shareholders. Seeing the competing offer from Federation Mining made on October 14, 2024 only confirms our thesis on the high grade potential of this district and we are excited to deliver results.”
Closing of the Transaction is expected to occur in November 2024, subject to satisfaction of customary closing conditions for a transaction of this nature and the receipt of final approval from the TSX Venture Exchange (“TSXV“).
Actively Advancing a District-Scale Discovery in a Tier 1 Jurisdiction:
Represents the next chapter in RUA GOLD’s development towards our goal to be a major gold producer in New Zealand.
Newly consolidated project represents one of the least explored, high-grade gold districts in the world.
Permits, access, and consents in place for aggressive drilling following a district-wide reassessment of targets and potential on the combined land package.
The Transaction will increase regional tenement holdings from ~34k ha to ~120k ha and cover all known past production camps outside of Blackwater and the Globe Progress mine.
Potential for lower overall project capital expenditures through the development of a potential central processing hub.
The Transaction creates a bigger player in New Zealand, allowing greater opportunity to work alongside a pro-mining Government in helping them draft their Minerals Strategy for New Zealand.
Backed by team of mining professionals with +150 years of combined experience.
Figure 1: Tenement map of the Reefton Goldfield.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/228012_6c99946d74ab494d_006full.jpg
Figure 2: Cross Section of historic underground mines in the Reefton Goldfield.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/228012_6c99946d74ab494d_007full.jpg
Transaction Highlights
Under the terms of the Amended Agreement, Siren shall receive total consideration of A$22 million (C$20.4 million):
A$2 million (C$1.8 million) in cash, of which A$1 million has been paid and the remaining A$1 million will be paid at the close of the Transaction;
A$2 million (C$1.8 million) in cash in exchange for 10,000,000 common shares of Siren, to be exchanged at the close of the Transaction; and
83,927,383 fully paid shares of RUA GOLD representing A$18 million (C$16.6 million1), to be issued at the close of the Transaction with agreed contractual resale restrictions.
Upon completion of the Transaction, Siren will own approximately 26% of RUA GOLD, and Siren Chairman, Mr. Brian Rodan, will join the RUA GOLD Board.
Advisors and Legal Counsel
Cormark Securities Inc. is acting as financial advisor to the Company and its Board of Directors. McMillan LLP is acting as Canadian legal counsel to the Company. Red Cloud Securities Inc. is acting as financial advisor to Siren and its Board of Directors. Steinepreis Paganin is acting as Australian legal counsel to Siren.
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. RUA GOLD will have approximately 120,000 hectares of tenements, following the completion of its previously announced acquisition of Reefton Resources Pty Limited2, 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 within 3 kms of 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.
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; closing of the Transaction; effects and benefits of the Transaction; and receipt of final approval for the Transaction from the TSXV. 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.
1 Calculated using RUA GOLD’s 30-day VWAP on the CSE as of July 12, 2024 of C$0.1983 at an AUD:CAD exchange rate of 0.9246.
2 Refer to news released dated July 15, 2024.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228012
Vancouver, British Columbia–(Newsfile Corp. – October 23, 2024) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) (“RUA GOLD” or the “Company“) announces that it has been requested by OTC Markets Group Inc. (“OTC Markets“) to issue this statement about promotional activity concerning its common shares (the “Shares“) traded on the OTCQB Venture Market (“OTCQB“) (operated by OTC Markets).
On October 21, 2024, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its Shares traded on the OTCQB, including the distribution of four email newsletters (the “Promotional Newsletters“) published by Wealth Research Group LLC, an affiliate of Gold Standard Media, LLC (“Gold Standard“), Portfolio Wealth Global, an affiliate of Gold Standard, SHTFPlan.com, an affiliate of Gold Standard, and Future Money Trends LLC, an affiliate of Gold Standard, discussing the Company, its business, the economy, and the gold market generally.
On April 15 and October 11, 2024, the Company entered into advertising agreements with Gold Standard, whereby Gold Standard, along with its affiliates, Wealth Research Group LLC, Portfolio Wealth Global, SHTFPlan.com and Future Money Trends LLC, would provide investor relations and advertising services to the Company. The Company was therefore aware of Wealth Research Group LLC’s, Portfolio Wealth Global’s, SHTFPlan.com’s and Future Money Trends LLC’s promotional activities respecting the Company since April 15, 2024. Accordingly, the Promotional Newsletters were paid for by the Company through its engagement of Gold Standard.
The engagement of Gold Standard, the nature of the relationship between the Company and Gold Standard, as well as the compensation paid to Gold Standard, was publicly disclosed in news releases on April 17, 2024 and October 15, 2024, which can be found under the Company’s profile on SEDAR+ (www.sedarplus.ca) and on the Company’s website (www.RUAGOLD.com).
The Company provided Gold Standard with publicly available sources of information for its marketing materials and management reviewed and approved the materials prepared by Gold Standard prior to their dissemination, including to ensure factual accuracy. The Company does not believe the statements in the Promotional Newsletters were materially false or misleading. However, the Company notes that investing in the Company’s securities involves certain risks and uncertainties which investors should review prior to making any investment decision. The Company encourages all investors to undertake proper due diligence and carefully consider all investment decisions. The Company directs potential investors to rely solely on its filings and disclosures made with the Canadian Securities Administrators, available at www.sedarplus.ca.
After inquiry of management, other than as disclosed herein, no directors and control persons, its officers, directors or controlling shareholders, or any third-party service providers have, directly or indirectly, been involved with the creation, distribution, or payment of promotional materials related to the Company and its securities.
An increase in the trading volume of the Shares was noted by the OTC Markets on October 21, 2024. The trading volume of 2,460,858 represented approximately 3.4% of the total volume of 73 million shares traded over the past 12 months in Canada. The Company understands certain promotional activity coincided with increased trading activity in its Shares beginning on October 21, 2024. However, the Company does not believe the promotional activities were the sole or primary factor in any increase in trading volume of its Shares. Rather, there are many other factors including the active exploration and development and acquisition of mineral properties over the past 12 months and press releases that are likely to affect trading activity of the Shares generally, which may include, but are not limited to:
Except as disclosed below, after inquiry of management, its officers, directors, any controlling shareholders, or any third-party service providers, the Company is not aware of any purchases or sales of the Shares in the past 90 days:
Robert Eckford, Chief Executive Officer of the Company, acquired 555,556 Shares at $0.18 per Share on July 25, 2024, and 40,000 Shares at $0.155 per Share on September 18, 2024;
Mario Vetro, a director of the Company, acquired 111,112 Shares at $0.18 per Share on July 25, 2024;
Tyron Breytenbach, a director of the Company, acquired 55,556 Shares at $0.18 per Share on July 25, 2024;
Paul Criddle, Chairman of the Company, acquired 111,112 Shares at $0.18 per Share on July 25, 2024;
Oliver Lennox-King, a director of the Company, acquired 1,388,889 Shares at $0.18 per Share on July 25, 2024; and
Zeenat Lokhandwala, Chief Financial Officer and Corporate Secretary of the Company, acquired 416,667 Shares at $0.18 per Share on July 25, 2024.
The Company has engaged the following third-party service providers to provide investor relations services, public relations services, marketing, or other related service within the last twelve months: MMG Market Medium GmbH & Co. KG (February 27, 2024), NAI Interactive Ltd. (April 4, 2024), Triomphe Holdings Ltd. dba Capital Analytica (February 29, 2024), Dig Media Inc. dba Investing News Network (April 16, 2024), Direct to Investor Media , LLC (February 27, 2024), Gold Standard Media, LLC (April 15, 2024 and October 11, 2024), Junior Mining Networking, LLC (April 8, 2024), and 2686362 Ontario Corporation dba CanaCom Group (August 12, 2024).
Other than pursuant to financings and acquisition transactions in accordance with TSX Venture Exchange policies, which the Company has publicly disclosed in news releases (available at: www.sedarplus.ca), including the public offering of Shares completed on July 25, 2024, the Company has not issued Shares, or convertible instruments allowing conversion to equity securities, at prices constituting, at the time of issuance of such shares or convertible instruments, a discount to the then current market price.
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.
RUA GOLD Contact
Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227625
Vancouver, British Columbia–(Newsfile Corp. – October 21, 2024) – Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) (“RUA GOLD” or the “Company“) is pleased to provide an update on the previously announced acquisition of Reefton Resources Pty Limited (“Reefton“), a 100% owned subsidiary of Siren Gold Ltd. (ASX: SNG) (“Siren“) with tenements located adjacent to the Company’s suite of properties in New Zealand’s prolific Reefton Goldfield (the “Transaction“).
| The Company and Siren have agreed to amend the terms of Transaction whereby RUA GOLD agrees to purchase 10,000,000 common shares of Siren at a price of A$0.20 per share, for aggregate gross proceeds of A$2,000,000. The Company highlights that the following conditions have been satisfied:
|
Robert Eckford, CEO of RUA GOLD, stated: “This is an exciting stage for RUA GOLD shareholders, Siren Gold shareholders, and the Reefton Goldfields community. Our merger presents a prime opportunity to establish a high-grade gold and antimony exploration company ready to deliver value through its drilling program planned on this land package. We will be looking at a combination of new discoveries alongside the scalability of historic high-grade mines to become a leading gold producer in the region. New Zealand’s mining industry is experiencing a resurgence, supported by local and foreign investment, as well as a pro-mining government implementing streamlined policies. The resulting improvements in regional infrastructure and employment will transform the West Coast and benefit all of New Zealand.”
Transaction Highlights
Under the terms of the Amended Agreement, Siren shall receive total consideration of A$22 million (C$20.4 million):
A$2 million (C$1.8 million) in cash, of which A$1 million has been paid and the remaining A$1 million will be paid at the close of the Transaction;
A$2 million (C$1.8 million) in cash in exchange for 10,000,000 common shares of Siren, to be exchanged at the close of the Transaction; and
83,927,383 fully paid shares of RUA GOLD representing A$18 million (C$16.6 million1), to be issued at the close of the Transaction with agreed contractual resale restrictions.
Upon completion of the Transaction, Siren will own ~26% of RUA GOLD, and Siren Chairman, Mr. Brian Rodan, will join the RUA GOLD Board. The Transaction will deliver the following benefits to the Company’s shareholders:
Increased scale and resources by combining projects and exploration teams.
Increased exposure to the highly prospective and under-explored Reefton Goldfield, as the largest landholder in the district with approximately 120,000 ha of combined tenements.
Improved investor visibility and positioning amongst peers, with the opportunity to broaden the Company’s shareholder base.
Potential for future operational synergies (i.e., centralized infrastructure and workforce) by realizing economies of scale across the whole land package.
Continued exposure to the Company’s highly prospective asset, Glamorgan on the North Island of New Zealand.
Transaction Update Details
The Company has obtained approval from its shareholders concerning the Transaction.
In addition, on October 17, 2024, the Company obtained consent from the NZPAM to the change of control of Reefton’s exploration permits as a consequence of the Transaction.
The Company is working to satisfy the TSXV requirements for the Transaction under section 5.7 of TSXV Policy 5.3. To obtain final approval from the TSXV, the Company will submit a National Instrument 43-101 compliant independent report and a financial plan demonstrating that the Company has sufficient financial resources to close the Transaction and to fund the first stage of the recommended work program and property payment obligations for a minimum of six months.
The transaction agreements governing the acquisition of Reefton and evidence of disinterested shareholder approval of the Company have been filed with the TSXV. A legal title opinion confirming Siren’s authority to transfer the Reefton project will also be required. Final closing will be subject to the TSXV’s clearance of these requirements.
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. RUA GOLD will have approximately 120,000 hectares of tenements, following the completion of its previously announced acquisition of Reefton Resources Pty Limited2, 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 within 3 kms of 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.
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 programs at its Reefton project and the results thereof; and the Company’s acquisition of Reefton Resources Pty Limited. 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.
________________________
1 Calculated using RUA GOLD’s 30-day VWAP on the CSE as of July 12, 2024 of C$0.1983 at an AUD:CAD exchange rate of 0.9246.
2 Refer to news released dated July 15, 2024.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227207
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.
Rua Gold now controls 95% of New Zealand’s storied Reefton Goldfield, where past explorers hit ultra-high grades. Backed by a team with $11B+ in mining exits, Rua is drilling high-grade gold and critical antimony targets across 120,000 hectares.
HIGHLIGHTS
Active Neighbouring Mine
+US$150M Raised
Federation Mining
US$30M Purchase from OceanaGold
+785k Oz
Inferred resource permitted & under construction’
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