RUA Gold Begins Drill Testing High-Grade Targets At Murray Creek

FULL DISCLOSURE: This is sponsored content for Rua Gold.

RUA Gold (CSE: RUA) has seen drilling get underway at its Reefton Project within New Zealand’s South Island. The drill program will see a total of 37 targets drill tested across the project.

Initial drilling is focused on five separate targets at the Murray Creek area, with the first target being a down-dip extension of the historic mine shoot that exists on site. Historic mining at this location extended to depths of just 200 metres, with the lode containing gold grades that ranged between 18.0 g/t and 67.5 g/t.

3D structural mapping, combined with UAV magnetics, suggest that significant potential exists for the target, with the current drill plan calling for two holes to target the extension below the mined extent.

Historical mining conducted nearby, including at the Crushington and Ajax areas owned by RUA, extended to depths of up to 600 metres, while Federation Mining’s adjacent Blackwater gold deposit has demonstrated high grade mineralization exists as deep as 1,500 metres.

Future drilling under the ongoing program is set to target the Murray Creek, Crushington, Capleston, and Caledonian districts. The historic districts collectively saw the production of roughly 700,000 ounces of gold, at an average grade of 25.2 g/t.

Relatedly, RUA also disclosed this morning that it has seen both New Zealand Petroleum and Minerals, as well as the Department of Conservation, approve the extension to the permit and access agreement for the Reefton Project for another five years. The extension enables the company to undertake the drill program, as well as permits the establishment of required infrastructure on site.

RUA Gold last traded at $0.195 on the CSE.


FULL DISCLOSURE: Rua Gold is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Rua Gold on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Leave a Reply

Video Articles

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

SSR Mining Q1 Earnings: Costs Continue To Climb

Recommended

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

PTX Metals Hits 235.1 Metres Of Copper, Nickel Mineralization In Longest Intercept To Date At W2

Related News

Rua Gold To Uplist To TSX Venture Next Week, Closes $8 Million Financing

FULL DISCLOSURE: This is sponsored content for Rua Gold. Rua Gold (CSE: RUA) has received...

Thursday, July 25, 2024, 09:36:31 AM

Rua Gold Closes On Purchase Of Reefton Assets, Now Holds Claims On 95% Of District

Rua Gold (TSXV: RUA) has as of this morning completed the acquisition of Reefton Resources...
Monday, November 25, 2024, 08:42:57 AM

Rua Gold Sweetens Deal to A$22 Million For Siren Gold’s Reefton Assets

Rua Gold Inc. (TSXV: RUA) has announced updated terms for its acquisition of Reefton Resources,...
Monday, October 21, 2024, 08:54:02 AM

Rua Gold Hits 13.3 g/t Gold, 8.1% Antimony Over 1.25 Metres At Auld Creek

Rua Gold (TSXV: RUA) has intersected high grade gold mineralization at depth in ongoing drilling...
Wednesday, April 16, 2025, 08:29:50 AM

Rua Gold Intersects 27.2 g/t Gold, 1.35% Antimony Over 0.3 Metres At Murray Creek

Rua Gold (TSXV: RUA) has intersected gold in multiple drill holes conducted across its Reefton...
Monday, January 20, 2025, 12:11:48 PM