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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.
