Rua Gold Hits 34.1 g/t Gold Over 0.2 Metres At Reefton

FULL DISCLOSURE: This is sponsored content for Rua Gold.

Rua Gold (TSXV: RUA) has again intersected gold mineralization under an ongoing drill program being conducted at its Reefton project, found on the South Island of New Zealand.

Highlights from the results include:

  • DD_VIC_042: 34.1 g/t gold over 0.2 metres at a depth of 388 metres at the Murray Creek target

Mineralization is said to have been intersected in a highlight silicified and pyritic zone which was 0.6 metres in length. A series of wedged daughter holes are now to be drilled in an effort to delineate the reef down dip and along strike.

Rua Gold is currently drill testing near to historic mines at the Murray Creek target, with the drill program having begun in July. The nearby historic mines collectively produced roughly 700,000 ounces of gold at an average grade of 25.2 g/t, with all the mines being located within a 20 kilometre radius.

“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,” commented Rua Gold CEO Robert Eckford.

READ: Rua Gold Sees Siren Gold Shareholders Approve Acquisition Of Reefton Assets

Elsewhere, Rua Gold has completed an additional hole at the Capleston target, which is said to have intersected 2 metres of mineralization, while a third hole is currently underway to confirm lateral continuity. Assays on these holes are expected to be returned and released in the next two to four weeks.

Rua Gold last traded at $0.185 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.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Rua Gold To Raise $8.0 Million To Fund Exploration Of Prolific Reefton Goldfield

Rua Gold (CSE: RUA) is raising funds under a brokered financing with Cormark Securities for...
Thursday, July 18, 2024, 08:52:43 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 Drills 3.8 g/t Gold, 11.9% Antimony Over 2.0 Metres At Auld Creek

Rua Gold (TSXV: RUA) has released assay results from ongoing drilling at its Auld Creek...
Tuesday, February 25, 2025, 08:59:54 AM

Rua Gold To Become Largest Landholder In Prolific Reefton Goldfield Following $18.5 Million Purchase

Rua Gold (CSE: RUA) is set to substantially expand its landholdings in the Reefton Goldfield...
Monday, July 15, 2024, 09:24:17 AM