FULL DISCLOSURE: This is sponsored content for Rua Gold.
Rua Gold (TSXV: RUA) has intersected high grade gold mineralization at depth in ongoing drilling at the Auld Creek project, which is part of its larger Reefton Goldfield in New Zealand.
Highlights from the latest results include:
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- ACDDH026: 1.25 g/t gold over 2.1 metres from a depth of 175.0 metres
- ACDDH027: 5.2 g/t gold and 0.16% antimony over 9.0 metres from a depth of 159.0 metres
- ACDDH028: 13.3 g/t gold and 8.1% antimony over 1.25 metres from a depth of 210.0 metres
Current drilling at Auld Creek is targeting four mineralized shoots that were identified in historical surface work. Stibnite mineralization has been intersected over 4-5 metres in four of the eight holes conducted to date within the Fraternal-Bonanza structure. Current drilling is targeting the Fraternal gold-antimony shoot that is currently open along strike and at depth, with the drill bit aiming to test 80-100 metres below the current resource envelope.
Auld Creek, which is situated between the past producing Globe Progress and Crushington Group of mines, has a current mineral resource of 67,000 ounces of inferred gold at 3.1 g/t, along with 8,000 tonnes of inferred antimony at an average grade of 1.1%. The estimate covers just two of four known mineralized shoots on the property, while geochemistry estimates that potential exists for the discovery of further mineralization over a strike length of 2.5 kilometres.
READ: Rua Gold Launches Initial Drill Program At AI-Generated Cumberland Target
“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,” commented Rua Gold CEO Robert Eckford.
Rua Gold last traded at $0.58 on the TSX Venture.
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.
