RUA GOLD Reports Two Major Gold Bearing Structures Identified on Its Glamorgan Project
RUA GOLD (TSXV: RUA, OTCQB: NZAUF) has completed its first phase of surface exploration at the Glamorgan epithermal gold prospect in New Zealand's Hauraki region. The company has tripled its land package adjacent to OceanaGold's Wharekirauponga project, which contains 1.37Moz @ 17.88g/t Au.
Key findings include two significant soil anomalies extending over 4km in length, with gold grades ranging from 8-43 ppm Au in rock samples. The exploration involved UAV magnetic surveying covering 590 line-km, revealing strong alteration indicative of a major epithermal system. Soil sampling of 3,181 samples was conducted, analyzed using pXRF and SWIR spectrometry.
Two major anomalies were identified: Anomaly A trending north-northwest for 4.2km, and Anomaly B extending northerly with quartz veins mapped over 4km. CSAMT ground geophysics has begun as preparation for targeted diamond drilling, with geological mapping and surveying scheduled for completion in Q1 2025.
RUA GOLD (TSXV: RUA, OTCQB: NZAUF) ha completato la prima fase di esplorazione superficiale presso il giacimento aurifero epithermale Glamorgan nella regione Hauraki della Nuova Zelanda. L'azienda ha triplicato il proprio pacchetto di terreni adiacente al progetto Wharekirauponga di OceanaGold, che contiene 1,37Moz a 17,88g/t Au.
I risultati chiave includono due significativi anomalie nel suolo che si estendono per oltre 4 km, con gradi d'oro che variano da 8 a 43 ppm Au in campioni di roccia. L'esplorazione ha comportato rilievi magnetici UAV su una superficie di 590 km di linea, rivelando una forte alterazione indicativa di un grande sistema epithermale. Sono stati prelevati 3.181 campioni di suolo, analizzati utilizzando la spettrometria pXRF e SWIR.
Due anomalie principali sono state identificate: l'Anomalia A che si estende verso nord-nordovest per 4,2 km, e l'Anomalia B che si estende a nord con vene di quarzo mappate su oltre 4 km. La geofisica di superficie CSAMT è iniziata come preparazione per il drilling mirato con diamante, con mappatura geologica e rilievi programmati per il completamento nel primo trimestre del 2025.
RUA GOLD (TSXV: RUA, OTCQB: NZAUF) ha completado su primera fase de exploración superficial en el prospecto de oro epithermal Glamorgan en la región de Hauraki, Nueva Zelanda. La empresa ha triplicado su paquete de tierras adyacente al proyecto Wharekirauponga de OceanaGold, que contiene 1.37Moz a 17.88g/t Au.
Los hallazgos clave incluyen dos anomalías significativas en el suelo que se extienden más de 4 km de longitud, con grados de oro que oscilan entre 8-43 ppm Au en muestras de roca. La exploración involucró un levantamiento magnético UAV cubriendo 590 km de línea, revelando una fuerte alteración indicativa de un importante sistema epithermal. Se llevó a cabo un muestreo de suelo con 3,181 muestras, analizadas mediante espectrometría pXRF y SWIR.
Se identificaron dos anomalías principales: la Anomalía A que se extiende hacia el norte-noroeste por 4.2 km, y la Anomalía B que se extiende hacia el norte con venas de cuarzo mapeadas en más de 4 km. La geofísica de superficie CSAMT ha comenzado como preparación para la perforación dirigida con diamante, con mapeo geológico y levantamientos programados para completarse en el primer trimestre de 2025.
RUA GOLD (TSXV: RUA, OTCQB: NZAUF)는 뉴질랜드 하우라키 지역의 글래모건 에피더말 금 탐사장에서 첫 번째 지표 탐사를 완료했습니다. 회사는 오세아나골드(OceanaGold)의 와레키라우퐁가 프로젝트와 인접한 토지 패키지를 세 배로 확대했습니다. 해당 프로젝트는 1.37Moz @ 17.88g/t Au을 포함하고 있습니다.
주요 발견 사항으로는 금 등급이 암석 샘플에서 8-43 ppm Au에 달하는 4km 길이의 두 개의 중요한 토양 이상이 포함되어 있습니다. 이번 탐사에서는 590 라인-킬로미터에 걸쳐 UAV 자력 탐사가 수행되었으며, 주요 에피더말 시스템을 나타내는 강한 변화를 드러냈습니다. 3,181개의 토양 샘플이 수집되었으며, pXRF 및 SWIR 분광법을 사용해 분석되었습니다.
두 개의 주요 이상이 식별되었습니다: 북북서 방향으로 4.2km 뻗어 있는 이상 A와 4km에 걸쳐 맵핑된 석영 veins가 있는 북쪽으로 뻗어 있는 이상 B입니다. 목표 다이아몬드 드릴링을 위한 준비로 CSAMT 지구물리학도 시작되었으며, 지질 맵핑과 조사는 2025년 1분기 완공 예정입니다.
RUA GOLD (TSXV: RUA, OTCQB: NZAUF) a achevé sa première phase d'exploration de surface au prospect aurifère épithermal Glamorgan dans la région de Hauraki, en Nouvelle-Zélande. La société a triplé son paquet foncier adjacent au projet Wharekirauponga d'OceanaGold, qui contient 1,37Moz à 17,88g/t Au.
Les principales découvertes comprennent deux anomalies de sol significatives s'étendant sur plus de 4 km, avec des grades d'or variant de 8 à 43 ppm Au dans les échantillons de roche. L'exploration a impliqué un levé magnétique par UAV couvrant 590 km-ligne, révélant une forte altération indicative d'un important système épithermal. Un échantillonnage de sol de 3 181 échantillons a été réalisé, analysé à l'aide de la spectrométrie pXRF et SWIR.
Deux anomalies majeures ont été identifiées : l'Anomalie A s'étendant vers le nord-nord-ouest sur 4,2 km, et l'Anomalie B s'étendant vers le nord avec des veines de quartz mappées sur plus de 4 km. La géophysique de surface CSAMT a commencé en préparation de forages ciblés au diamant, avec une cartographie géologique et une enquête prévue pour être achevées au premier trimestre 2025.
RUA GOLD (TSXV: RUA, OTCQB: NZAUF) hat die erste Phase der Oberflächenerkundung im Glamorgan epithermalen Goldprospekt in Neuseelands Hauraki-Region abgeschlossen. Das Unternehmen hat sein Landpaket verdreifacht, das an das Wharekirauponga-Projekt von OceanaGold angrenzt, das 1,37Moz bei 17,88g/t Au enthält.
Zu den wichtigsten Erkenntnissen gehören zwei bedeutende Bodenanomalien, die sich über 4 km erstrecken und Goldgehalte von 8-43 ppm Au in Gesteinsproben aufweisen. Die Erkundung umfasste UAV-Magnetvermessungen über 590 Linienkilometer, die eine starke Veränderung zeigten, die auf ein bedeutendes epithermales System hindeutet. Es wurden 3.181 Bodenproben entnommen und mittels pXRF und SWIR-Spektrometrie analysiert.
Es wurden zwei Hauptanomalien identifiziert: Anomalie A, die sich nord-nordwestlich über 4,2 km erstreckt, und Anomalie B, die sich in nördlicher Richtung mit über 4 km kartierten Quarzadern erstreckt. Die CSAMT-Boden-Geophysik hat begonnen, um sich auf gezielte Diamantbohrungen vorzubereiten, wobei die geologische Kartierung und Vermessung für das erste Quartal 2025 geplant sind.
- Tripled land package adjacent to high-grade Wharekirauponga project (1.37Moz @ 17.88g/t Au)
- Identified significant gold grades (8-43 ppm Au) in rock samples
- Discovery of two major gold-bearing structures over 4km in length
- Strong alteration patterns indicating significant epithermal system
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2025) - Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) ("RUA GOLD" or the "Company") is pleased to provide an update following the completion of the first phase of surface exploration on its Glamorgan epithermal gold prospect in the Hauraki region on the North Island New Zealand.
Highlights:
- The Company tripled its land package that is directly adjacent to OceanaGold’s Wharekirauponga project, which hosts 1.37Moz @ 17.88g/t Au (Ind)1 (Figure 1 & 2).
- Identified two significant soil anomalies over 4kms in length, trending north, and north-northwest and open to the northeast and northwest.
- Significant gold grades (8–43 ppm Au) were recorded in rock float and in situ rock samples from detailed geological mapping.
- Ultra detailed UAV magnetics highlights strong alteration enveloping the two anomalies and demonstrating a major alteration cell indicative of a significant epithermal system.
- CSAMT ground geophysics has commenced as a precursor to targeted diamond drilling.
Simon Henderson, COO of RUA GOLD commented: "successful exploration commences with sound geological mapping, detailed geochemistry and geophysical surveys, and the addition of some innovative science and technology to see the opportunity for a major epithermal gold discovery.
With the highly prospective geology of Wharekirauponga and Waihi, major gold deposits next door, our exploration team is highlighting the footprint of another potential significant epithermal gold-silver vein system. CSAMT ground resistivity mapping has commenced and will be the final detail needed to feed into the VRIFY AI tool and then rank drill targets on this exciting opportunity."
Figure 1: Glamorgan is located adjacent to the high grade Wharekirauponga and Waihi gold deposits.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/238183_d4b33a1904905941_007full.jpg
Figure 2: Location of the Wires Ridge prospect within the Glamorgan permit.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/238183_d4b33a1904905941_010full.jpg
EXPLORATION UPDATE
UAV Magnetic Surveying
Following the access granted in May 2024, RUA GOLD's exploration commenced with UAV ultra detailed magnetic surveying, completing 590 line-km of flying using a Geometrics MagArrow magnetometer suspended under a DJI M300 drone. Interpretation of the data has assisted in defining key aspects of lithology and alteration of the Whitianga Group rhyolites and Coromandel Group andesites. Major structural features interpreted in the data align with regional mineralization trends.
Ultra detailed UAV magnetics flown by the exploration team highlights strong alteration (de-magnetization of the host rocks) enveloping the two anomalies and demonstrating a major alteration cell indicative of the footprint of a major epithermal system (Figure 3).
Soil Sampling
Soil sampling commenced in July 2024 along 250m spaced crosslines with a sample spacing of 20m. A total of 3,181 samples were collected, dried, sieved in RUA GOLD's Waihi facility, then transported to Reefton and analyzed by pXRF in RUA GOLD's Reefton laboratory.
Simultaneously, each sample was analyzed for short-wave near infrared (SWIR) reflectance spectrometry using a TerraSpec 4 Hi-Res mineral analyzer with 6nm resolution to complete a picture of the clay alteration system, enabling identification of the higher levels of the epithermal system. A 50g split of soil was then freighted to ALS Brisbane for low-level precision gold assay. Arsenic anomalism with coincident gold anomalism highlights the two major soil anomalies A and B (Appendix table 1 and Figure 3).
Anomaly A trends north-northwest for 4.2km with conjugate gold-arsenic trends in a north-east direction. This anomaly remains open to the northwest. The northeast direction mirrors the orientation of the significant Wharekirauponga gold deposit adjacent to the Glamorgan Project.
Anomaly B trends northerly and follows north to northeasterly quartz veins mapped over 4km and is open to the north and south. The southern end of this anomaly coincides with the Wentworth/Auckland historical mine workings.
Figure 3: Soil geochemistry & UAV magnetic data highlight two major gold-arsenic anomalies and coincident strong alteration in the Wires Ridge prospect.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/238183_d4b33a1904905941_011full.jpg
Field Mapping
Ongoing field mapping has highlighted broad alteration and veining in situ, and areas of quartz-adularia float displaying banded, platy quartz after calcite, as well as brecciated andesite with stockwork veining increasing toward the zones of interest. Both float and in situ rock-chip sampling have returned encouragingly anomalous gold (Appendix table 2), coincident with the zones of high soil geochemistry.
Geological mapping and CSAMT ground geophysical surveying will be completed in Q1 2025, allowing interpretation and drill targeting mid-year.
ABOUT GLAMORGAN
The Glamorgan Project lies within the Hauraki Goldfield, a major epithermal gold district, with over 50 historic mines and one operating mine (Waihi). The Waihi mine has produced over 10Moz of gold, with disclosed resources of 2.54Moz gold and 9.3Moz silver, and reserves of 0.48Moz gold and 1.5Moz silver remaining (estimated as at December 31, 2023 - see OceanaGold press release dated February 21, 2024 for more details).
Adjacent to the Glamorgan Project lies OceanaGold's Wharekirauponga deposit, with an initial reserve of 1.2Moz gold announced in December 2024. Early phase design and construction is expected to begin in 2025, with the first ore expected to be produced in 20321.
RUA GOLD's Chief Operating Officer, Simon Henderson previously spent 14 years delineating the resource at OceanaGold's Waihi operation and then went on to joint-venture both the Glamorgan Project and Wharekirauponga Project under Glass Earth Minerals Inc., leading the exploration team to the Wharekirauponga discovery.
Figure 4: UAV magnetic data over the Wires Ridge Prospect within the Glamorgan permit.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/238183_d4b33a1904905941_012full.jpg
ABOUT RUA GOLD
RUA GOLD is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of RUA GOLD's two highly prospective high-grade gold projects.
The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.
The Company's Glamorgan Project solidifies RUA GOLD's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation's biggest gold mining project, Wharekirauponga.
For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.
TECHNICAL INFORMATION
Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and Chief Operating Officer and a director of RUA GOLD, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has participated in the geophysical, sampling, and mapping programs to verify that they have been conducted in accordance with the standard operating procedures. Mr. Henderson has verified the data disclosed by running checks on the location, analytical, and test data underlying the information in the technical disclosure herein.
QA/QC SOIL SAMPLES
A bulk sample of ~0.5-1 kg was collected in the field. Each sample was photographed in the field alongside the GPS with coordinates visible and each sample site marked in the field with biodegradable flagging tape. Samples were taken back to RUA GOLD's Waihi facility for preparation. Samples were dried in a customized incubator, set at 38°C, for a minimum of two days. Once the samples were fully dried, they were sieved to <180µm in size. A sub-sample of 50-100g was scooped from the <180 µm size fraction for analysis. The remaining material was retained and stored in Waihi.
The 50-100-g fine-sieved (<180µm) soil sub-sample was sent to RUA GOLD's Reefton facility for pXRF using an Olympus Vanta hand-held analyser, and then on to ALS Geochemistry, Brisbane, for Au-TL43 analysis. The ALS analysis consisted of 25-g sample digestion by aqua regia, followed by trace Au analysis by ICP-MS. The detection limit for Au by this method is 1ppb.
ALS Brisbane is independent to RUA GOLD.
Field duplicates were collected every 20th sample and underwent the same drying, sieving, pXRF, and gold assay process outlined above. Duplicates were checked and validated by RUA GOLD's Isogonal data validation system to ensure compliance.
RUA GOLD Contact
Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects and the results thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.
Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Appendix Table 1: Significant gold and arsenic assay results from soil samples.
| Sample ID | Easting_NZTM | Northing_NZTM | Au (ppm) | As (ppm) |
| WR18022 | 1845455 | 5873468 | 0.28 | 17 |
| WR14016 | 1845843 | 5874398 | 0.26 | 41 |
| WR05107 | 1848533 | 5875462 | 0.26 | 410 |
| WR07134 | 1848758 | 5874761 | 0.26 | 29 |
| WR06119 | 1848620 | 5875127 | 0.22 | 542 |
| WR15027 | 1845911 | 5874072 | 0.19 | 132 |
| WR09143 | 1848669 | 5874237 | 0.17 | 268 |
| WR14017 | 1845860 | 5874388 | 0.17 | 22 |
| WR14007 | 1845686 | 5874486 | 0.15 | 281 |
| WR03096 | 1848588 | 5876006 | 0.14 | 315 |
| WR04109 | 1848691 | 5875660 | * | 1546 |
| WR04111 | 1848726 | 5875641 | * | 1061 |
| WR10019 | 1846387 | 5875239 | * | 1052 |
| WR04110 | 1848709 | 5875650 | * | 1025 |
| WR01116 | 1849182 | 5876244 | 0.10 | 1000 |
| WR16124 | 1847478 | 5872900 | 0.05 | 981 |
| WR15118 | 1847496 | 5873177 | 0.12 | 952 |
| WR11048 | 1846769 | 5874736 | * | 784 |
| WR10033 | 1846630 | 5875102 | * | 772 |
| WR15149 | 1848036 | 5872872 | 0.02 | 673 |
* gold assay results pending
Table 2: Significant assay results from rock-chip samples.
| Sample ID | Location | Type | Easting_NZTM | Northing_NZTM | Au (ppm) |
| GERS0746 | Wharekawa River | Float | 1846791 | 5877157 | 5.71 |
| GERS0747 | Wharekawa River | Float | 1846610 | 5876261 | 4.35 |
| GERS1605 | Wharekawa River | Float | 1847353 | 5875117 | 6.24 |
| GERS1611 | Wharekawa River | Float | 1847144 | 5875759 | 7.32 |
| GERS1618 | Sutcliff Stream | Float | 1847346 | 5875253 | 10.80 |
| GERS1623 | Phoenix Stream | Float | 1847263 | 5874868 | 6.05 |
| GERS1625 | Phoenix Stream | Float | 1847205 | 5874503 | 43.10 |
| GERS1626 | Phoenix Stream | Float | 1847246 | 5874406 | 8.04 |
| GERS1636 | Tairua River | Outcrop | 1845747 | 5873564 | 10.90 |
1: Source: OceanaGold Pre-Feasibility Study, December 11, 2024
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238183
FAQ
What are the main gold discoveries in RUA GOLD's (NZAUF) Glamorgan project?
How large is NZAUF's land package near the Wharekirauponga project?
What exploration methods has NZAUF used at the Glamorgan project?
When will NZAUF complete its geological mapping and CSAMT surveying at Glamorgan?
