RUA GOLD Studies Auld Creek Drilling Outcomes Together with 2.1m @ 64g/t AuEq Intersected 120m Under the Present Useful resource, Demonstrating Important and Open-Ended Depth Potential
Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“RUA GOLD” or the “Firm”) is happy to supply an replace on its gold-antimony exploration on the Auld Creek challenge within the Reefton Goldfield on the South Island of New Zealand, reporting additional high-grade gold-antimony intersections 120 meters beneath the present useful resource estimate.
Highlights:
- Auld Creek has an inferred useful resource hosted by two ore shoots, Bonanza and Fraternal. This useful resource outcrops at floor. The most recent drilling will increase the vertical extent of the useful resource from 160m to 280m and stays open at depth.
- Following up on the encouraging high-grade gold-antimony outcomes from drillholes ACDDH026-028; holes ACDDH030-33 intersected wonderful high-grade mineralization with continuity of the sturdy gold-stibnite (antimony sulfide) mineralization beforehand reported.
- Assay outcomes present:
- ACDDH031: 2.1m @ 64.0g/t AuEq1 (5.5g/t Au & 13.1% Sb) from 310m depth
- ACDDH032: 2m @ 1.4g/t Au from 296m depth
- Present drilling is testing the Fraternal north prospect and Bonanza northeast prospect, the place floor soil geochemistry has confirmed the system is traceable over a 2.5km size.
- Drilling within the second quarter will then probe additional at depth and take a look at its extent southward with the objective of rising the present useful resource.
- Antimony is in rising demand as a consequence of its important position in renewable power, batteries, protection, and expertise. Its provide is scarce and largely managed by China, Russia, and Tajikistan, making it a strategic materials, particularly throughout geopolitical tensions, which has precipitated costs to surge from US$11,350 to over US$60,000 per tonne.
Robert Eckford, CEO of RUA GOLD commented: “That is an thrilling growth to see high-grade gold-antimony mineralization at Auld Creek that’s 120m deeper than the present useful resource. Proving out continuity at depth and rising this useful resource will likely be a key focus of drilling within the subsequent quarter, whereas concurrently drilling the Cumberland-Galant deposit 3km to the south.
We proceed to be centered on increasing the Auld Creek useful resource each north, south and at depth, with intensified floor exploration displaying early promise in figuring out extra mineralization over its 2.5km size.
With Antimony being on the high of each nations’ crucial minerals lists, the significance of this useful resource development to each RUA GOLD and New Zealand is important.”
1. Utilizing current spot costs of gold and antimony, and making use of a ~30% low cost, the gold equal system is predicated on AuEq = Au g/t + 4.3 x Sb% utilizing a Au worth of US$2065/oz, Sb worth of US$34,300 per tonne and 85% restoration.
Determine 1: Overview of the Reefton Goldfield.
Determine 2: Location of Auld Creek Drilling
GLOBAL SUPPLY AND VALUE OF ANTIMONY
Antimony is a crucial metalloid primarily sourced from the mineral, stibnite. It’s extremely invaluable and rising in demand as a consequence of its versatility and has important functions throughout renewable power, liquid battery metals, defence and technological sectors.
As a consequence of its restricted provide, predominantly managed by China, Russia & Tajikistan, antimony is taken into account a strategic materials important for provide chain safety, notably in periods of geopolitical instability. This was heightened in September 2024, when China introduced export controls on processed antimony merchandise. In response to those controls, nations have accelerated their efforts to safe various sources of antimony to mitigate the danger of great provide chain vulnerabilities.
The US, EU, UK, Japan, Canada and Australia all designate antimony as a crucial mineral. On January 31, 2025, New Zealand additionally introduced their Important Mineral Record which included antimony.
Reflecting heightened demand, the value of antimony has reached new highs, at present buying and selling over US$60,000 per tonne, a major improve from US$11,350 per tonne firstly of 2024. This market shift has intensified curiosity within the strategic antimony potential held by RUA GOLD.
EXPLORATION POTENTIAL
RUA GOLD commenced drilling at Auld Creek in December 2024. It has a focused program to drill 4 mineralised shoots recognized from historic floor exploration work interpreted by the RUA GOLD crew over the previous 3 months.
Auld Creek is located between two previous 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 however no business manufacturing from the reefs.
RUA GOLD has an inferred useful resource indicating 700,000 tonnes at 3.1g/t Au and 1.1% Sb for 67,000oz of gold and eight,000 tonnes of antimony1 (AuEq 110,000oz2). The useful resource is restricted to 2 of the 4 identified shoots. Soil geochemistry signifies the potential for discovery of extra mineralised shoots over a strike size of two.5km.
4 of the eight holes accomplished so far intersected 4-5m of sturdy seen stibnite (antimony sulfide) mineralization within the Fraternal-Bonanza construction.
Outcomes from ACDDH024, ACDDH025 verify the approximate common gold grades, however report larger antimony grades than the present useful resource estimate. Outcomes from ACDDH027, ACDDH028 spotlight above common gold grades with slim however high-grade antimony in ACDDH028.
Drilling of ACDDH030,31,32 and 33 (outcomes pending, however construction intercepted) present sturdy proof of the continuity of the Fraternal gold-antimony construction at depth, and the slim high-grade intersection of ACDDH031 has confirmed useful resource grade mineralization and continuity with the beforehand reported drilling of holes ACDDH027 and ACDDH028.
Intensified floor exploration is displaying very encouraging sturdy traits each north and north-west confirming extra targets on the Fraternal North and Bonanza north-west extensions.
1. Please see the Firm’s technical report entitled, “Technical Report on Reefton Venture, New Zealand”, dated October 30, 2024.
2. Based mostly on gold equal system of AuEq = Au g/t + 1.9 x Sb% utilizing a Au worth of US$2025/oz, Sb worth of US$15,000 per tonne and 85% restoration.
Determine 3: Fraternal ore shoots at Auld Creek.
Determine 4: Arsenic soil geochemistry over Auld Creek space.
ABOUT RUA GOLD
RUA GOLD is an exploration firm, strategically centered on New Zealand. With many years of experience, our crew has efficiently taken main discoveries into producing world-class mines throughout a number of continents. The crew is now centered on maximizing the asset potential of RUA GOLD’s two extremely potential high-grade gold initiatives.
The Firm controls the Reefton Gold District because the dominant landholder within the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that traditionally produced over 2Moz of gold grading between 9 and 50g/t.
The Firm’s Glamorgan Venture solidifies RUA GOLD’s place as a number one high-grade gold explorer on New Zealand’s North Island. This extremely potential challenge is situated inside the North Islands’ Hauraki district, a area that has produced a powerful 15Moz of gold and 60Moz of silver. Glamorgan is adjoining to OceanaGold Company’s largest gold mining challenge, Wharekirauponga.
For additional data, please check with the Firm’s disclosure file on SEDAR+ at www.sedarplus.ca.
TECHNICAL INFORMATION
Simon Henderson CP, AUSIMM, a professional individual beneath Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives and Chief Working Officer and a director of RUA GOLD, has reviewed and authorized the technical disclosure contained herein. Mr. Henderson has participated within the geochemical sampling, and mapping packages to confirm that they’ve been carried out in accordance with normal working procedures. Mr. Henderson has verified the information disclosed by working checks on the placement, analytical, and take a look at knowledge underlying the data within the technical disclosure herein.
QA/QC Drill Core
Core samples had been despatched to SGS Laboratories, Westport for pattern preparation. Samples had been crushed and pulverized to 85% passing 75 µm. The pulverized rock-chips had been cut up into two samples: a ~50 g despatched for laboratory evaluation, and the reject returned to RGL for pXRF evaluation and storage. Pulverized rock-chip samples had been analyzed for gold (Au) by 50-g hearth assay with AAS end at SGS Waihi (SGS Code FAA505); and for antimony (Sb) by Sodium Peroxide Fusion Evaluation by ICP-MS at SGS Waihi.
RUA GOLD Contact
Robert Eckford
Chief Government Officer
E mail: reckford@RUAGOLD.com
Web site: www.RUAGOLD.com
This information launch consists of sure statements which may be deemed “forward-looking statements”. All statements on this new launch, aside from statements of historic info, that deal with occasions or developments that the Firm expects to happen, are forward-looking statements. Ahead-looking statements are statements that aren’t historic info and are typically, however not at all times, recognized by the phrases “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “initiatives”, “potential” and related expressions, or that occasions or circumstances “will”, “would”, “might”, “might” or “ought to” happen and particularly embody statements relating to: the Firm’s methods, expectations, deliberate operations or future actions, together with however not restricted to exploration packages at its Reefton and Glamorgan initiatives and the outcomes thereof. Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on cheap assumptions, such statements usually are not ensures of future efficiency and precise outcomes might differ materially from these within the forward-looking statements.
Traders are cautioned that any such forward-looking statements usually are not ensures of future efficiency and precise outcomes or developments might differ materially from these projected within the forward-looking statements. A wide range of inherent dangers, uncertainties and elements, a lot of that are past the Firm’s management, have an effect on the operations, efficiency and outcomes of the Firm and its enterprise, and will trigger precise occasions or outcomes to vary materially from estimated or anticipated occasions or outcomes expressed or implied by ahead trying statements. A few of these dangers, uncertainties and elements embody: basic enterprise, financial, aggressive, political and social uncertainties; dangers associated to the consequences of the Russia-Ukraine conflict; dangers associated to local weather change; operational dangers in exploration, delays or modifications in plans with respect to exploration initiatives or capital expenditures; the precise outcomes of present exploration actions; conclusions of financial evaluations; modifications in challenge parameters as plans proceed to be refined; modifications in labour prices and different prices and bills or gear or processes to function as anticipated, accidents, labour disputes and different dangers of the mining business, together with however not restricted to environmental hazards, flooding or unfavorable working circumstances and losses, riot or conflict, delays in acquiring governmental approvals or financing, and commodity costs. This checklist isn’t exhaustive of the elements which will have an effect on any of the Firm’s forward-looking statements and reference must also be made to the Firm’s quick type base shelf prospectus dated July 11, 2024, and the paperwork integrated by reference therein, filed beneath its SEDAR+ profile at www.sedarplus.ca for an outline of extra danger elements.
Ahead-looking statements are primarily based on the beliefs, estimates and opinions of the Firm’s administration on the date the statements are made. Besides as required by relevant securities legal guidelines, the Firm undertakes no obligation to replace these forward-looking statements within the occasion that administration’s beliefs, estimates or opinions, or different elements, ought to change.
Desk 1: Location of Auld Creek drill holes from RUA 2024-2025 program
*Outcomes pending from the assay lab for holes ACDDH033 and ACDDH034
Desk 2: Important drilling intercepts at Auld Creek, full mineralized zone composites (1.5g/t Au cut-off)
