RUA GOLD INC - NZAUF STOCK NEWS

RUA GOLD (NZAUF) reports significant drilling results from its Reefton Project in New Zealand. At Murray Creek, all three holes intercepted visible gold in the Victoria lode extensions, showing vertical continuity over 100 meters. Gold assays ranged from 11.1 to 34.1g/t, with vein widths varying from 0.2 to 1.2m. Notable was a 1.35% antimony content in one drill hole.

The company has begun using Devico Navi-drilling for resource definition, with two parent holes established and six more directional holes planned for Q1 2025. The historical Victoria Mine lode previously produced 33,877oz at 19.9g/t Au.

At Capleston, four out of six drill holes showed gold results, with the northern-most intercept averaging 4.8g/t Au over 3.3m. The drilling program has now shifted focus to the Cumberland target.

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) has announced updates on its Cumberland gold camp drill target following the integration of VRIFY AI into its geological database. The company is expanding its 2025 exploration program to include the Cumberland gold camp, located 3km south of Globe Progress Mine in New Zealand's Reefton Goldfield.

Key highlights include a historic drill hole GAL001 showing exceptional results of 21.9m (5m true width) of 92.0g/t Au including 1m of 1911 g/t Au. The Cumberland gold camp comprises 7 historic mines in a 2km long zone, with historic production of 21,740oz gold at an average recovered grade of 26.1 g/t.

The company plans to commence drilling before the end of January 2025. VRIFY's AI platform has processed over 84GB of data and 170,000 data points, helping prioritize drill targets and accelerate project advancement.

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) has completed the acquisition of Reefton Resources, a former subsidiary of Siren Gold The transaction expands Rua Gold's control to over 95% of the Reefton Goldfield. The acquisition cost A$20 million (C$18.4 million), comprising A$2 million in cash and 83,927,383 common shares. Following the transaction, Siren owns approximately 26% of Rua Gold's shares. The company has mobilized a third drilling rig to the Auld Creek target, while two other rigs continue operations at Murray Creek and Capleston targets. The consolidated project increases regional tenement holdings from ~34k ha to ~125k ha.

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) reports significant drilling results from its Reefton Project in New Zealand. The second hole (DD_VIC_042) testing the Victoria lode's down-dip extension intersected a gold vein at 388m, revealing visible gold of 0.2m at 34.1g/t. The company has started wedged daughter holes to further delineate the unmined reef. At the Capleston site, the first hole (DD_REF_043) yielded 3.86 g/t Au over 1m, while a second hole confirmed vein continuity. These historic mines previously produced approximately 700koz of gold at 25.2g/t within a ~20km radius.

Rua Gold Inc. (TSXV: RUA, OTCQB: NZAUF) announces that Siren Gold shareholders have approved the acquisition of Reefton Resources, a subsidiary of Siren Gold. The transaction, valued at A$22 million (C$20.4 million), will expand Rua Gold's tenement holdings from ~34k ha to ~120k ha in New Zealand's Reefton Goldfield. The deal includes A$4 million in cash payments and 83,927,383 Rua Gold shares. Upon completion, Siren will own approximately 26% of Rua Gold, and Siren's Chairman will join Rua Gold's board. The transaction is expected to close in November 2024, subject to TSXV approval.

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) has responded to OTC Markets' inquiry regarding promotional activities of its shares. The company acknowledges four email newsletters distributed by Gold Standard Media and its affiliates, which were part of paid advertising agreements dated April 15 and October 11, 2024. The promotional activity coincided with increased trading volume on October 21, 2024, reaching 2,460,858 shares (3.4% of 12-month total volume). Several company insiders acquired shares between July and September 2024, with prices ranging from $0.155 to $0.18 per share. The company has engaged multiple third-party service providers for investor relations and marketing services throughout 2024.

RUA GOLD (TSXV: RUA) (OTCQB: NZAUF) provides an update on its acquisition of Reefton Resources, a subsidiary of Siren Gold, with adjacent tenements in New Zealand's Reefton Goldfield. The amended terms include RUA GOLD purchasing 10 million Siren shares at A$0.20 each, totaling A$2 million. Key conditions met include RUA GOLD shareholder approval, NZPAM consent for permit transfer, and TSXV conditional approval. The final milestone is Siren's shareholder vote on October 28, 2024. The total consideration is A$22 million, with Siren receiving cash, shares, and owning ~26% of RUA GOLD post-transaction. Benefits include increased scale, exposure to the Reefton Goldfield, improved investor visibility, and potential operational synergies. The transaction is expected to close in November, subject to final TSXV approval.

RUA GOLD (TSXV: RUA) (OTCQB: NZAUF) has provided an update on its drilling campaign at the Reefton Project in New Zealand. The company started drilling at Murray Creek in July and added a second rig in September to test the Capleston vein system. Key highlights include:

1. At Capleston, drill hole DD_REF_043 intersected a 12m zone of quartz-pyrite-arsenopyrite, with a 1m quartz vein from 31m to 32m @ 3.86 g/t Au.

2. At Murray Creek, the first hole (DD_VIC_041) confirmed the Victoria lode extension, intersecting historical workings at 344m. A second hole is underway, targeting an un-mined portion of the reef.

3. The Capleston Group historically produced 134,927 oz @ 49.1 g/t Au, with the Welcome-Hopeful mine yielding 88,620 oz @ 61.4 g/t Au.

CEO Robert Eckford expressed confidence in the program's initial results, stating that they support the company's thesis of continuous surface veins past old workings.

RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) has provided an exploration update for its Glamorgan Project in the Hauraki Goldfield, New Zealand. The project, located 2.8km north of OceanaGold's Wharekirauponga Project (WKP), shows preliminary evidence of a significant epithermal gold system. Key progress includes:

1. Collection of 2,000 out of 3,000 planned soil samples
2. Completion of the first phase of UAV drone magnetic geophysical surveying
3. Commencement of ground geological mapping

Preliminary pXRF soil results show strong arsenic anomalism, complementing previous data. Geological mapping has highlighted outcropping quartz veins, breccias, and silicified alteration. Magnetic surveying has revealed strong northeast structural faulting and circular features. The company plans to design a drill program and apply for a full Access Agreement by year-end.