RUA GOLD's Drill Program Intersects near Surface Gold at the Reefton Project
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 (TSXV: RUA) (OTCQB: NZAUF) ha fornito un aggiornamento sulla sua campagna di perforazione presso il progetto Reefton in Nuova Zelanda. L'azienda ha iniziato a perforare a Murray Creek a luglio e ha aggiunto una seconda trivella a settembre per testare il sistema di vene di Capleston. Punti salienti includono:
1. A Capleston, il foro di perforazione DD_REF_043 ha intersecato una zona di 12m di quarzo-pirite-arsenopirite, con una vena di quarzo di 1m da 31m a 32m @ 3.86 g/t Au.
2. A Murray Creek, il primo foro (DD_VIC_041) ha confermato l'estensione della vena Victoria, intersecando i lavori storici a 344m. Un secondo foro è attualmente in corso, mirato a una porzione non sfruttata del reef.
3. Il Gruppo Capleston ha storicamente prodotto 134,927 oz @ 49.1 g/t Au, con la miniera Welcome-Hopeful che ha fruttato 88,620 oz @ 61.4 g/t Au.
Il CEO Robert Eckford ha espresso fiducia nei risultati iniziali del programma, affermando che supportano la tesi dell'azienda riguardo vene superficiali continue oltre i vecchi lavori.
RUA GOLD (TSXV: RUA) (OTCQB: NZAUF) ha proporcionado una actualización sobre su campaña de perforación en el Proyecto Reefton en Nueva Zelanda. La compañía comenzó a perforar en Murray Creek en julio y agregó una segunda plataforma en septiembre para probar el sistema de vetas de Capleston. Puntos destacados incluyen:
1. En Capleston, el pozo de perforación DD_REF_043 intersectó una zona de 12m de cuarzo-pirita-arsenopirita, con una veta de cuarzo de 1m desde 31m a 32m @ 3.86 g/t Au.
2. En Murray Creek, el primer pozo (DD_VIC_041) confirmó la extensión de la vena Victoria, intersectando trabajos históricos a 344m. Un segundo pozo está en curso, apuntando a una parte no extraída del reef.
3. El Grupo Capleston ha producido históricamente 134,927 oz @ 49.1 g/t Au, con la mina Welcome-Hopeful obteniendo 88,620 oz @ 61.4 g/t Au.
El CEO Robert Eckford expresó confianza en los resultados iniciales del programa, afirmando que respaldan la tesis de la compañía sobre venas superficiales continuas más allá de los trabajos antiguos.
RUA GOLD (TSXV: RUA) (OTCQB: NZAUF)는 뉴질랜드 Reefton 프로젝트에서의 시추 캠페인 업데이트를 제공했습니다. 이 회사는 7월에 머레이 크릭에서 시추를 시작했으며, 9월에 카플레스톤 vein 시스템을 테스트하기 위해 두 번째 장비를 추가했습니다. 주요 하이라이트는 다음과 같습니다:
1. 카플레스톤에서 DD_REF_043 시추공은 12m의 석영-황철광-비소철광 구역을 교차했으며, 31m에서 32m까지의 1m 석영 vein @ 3.86 g/t Au를 포함하고 있습니다.
2. 머레이 크릭에서 첫 번째 시추공(DD_VIC_041)은 빅토리아 로드의 연장을 확인했으며, 344m에서 역사적 작업과 교차했습니다. 두 번째 시추공이 진행 중이며, 미개발된 암석 부분을 목표로 하고 있습니다.
3. 카플레스톤 그룹은 역사적으로 134,927 oz @ 49.1 g/t Au를 생산했으며, 웰컴-호프풀 광산에서 88,620 oz @ 61.4 g/t Au를 산출했습니다.
CEO 로버트 에크포드는 프로그램의 초기 결과에 대한 신뢰를 표명하며, 이러한 결과가 과거 작업을 넘어서는 면의 지속성을 뒷받침한다고 밝혔습니다.
RUA GOLD (TSXV: RUA) (OTCQB: NZAUF) a fourni une mise à jour sur sa campagne de forage au projet Reefton en Nouvelle-Zélande. La société a commencé à forer à Murray Creek en juillet et a ajouté une seconde foreuse en septembre pour tester le système de veine Capleston. Les points clés incluent :
1. À Capleston, le trou de forage DD_REF_043 a intersecté une zone de 12 m de quartz-pyrite-arsénopyrite, avec une veine de quartz de 1 m de 31 m à 32 m @ 3,86 g/t Au.
2. À Murray Creek, le premier trou (DD_VIC_041) a confirmé l'extension de la veine Victoria, intersectant des travaux historiques à 344 m. Un second trou est en cours, visant une partie non exploitée du gisement.
3. Le groupe Capleston a produit historiquement 134,927 oz @ 49,1 g/t Au, la mine Welcome-Hopeful ayant produit 88,620 oz @ 61,4 g/t Au.
Le PDG Robert Eckford a exprimé sa confiance dans les résultats initiaux du programme, affirmant qu'ils soutiennent la thèse de l'entreprise concernant des veines superficielles continues au-delà des anciens travaux.
RUA GOLD (TSXV: RUA) (OTCQB: NZAUF) hat ein Update zu seiner Bohrkampagne im Reefton-Projekt in Neuseeland bereitgestellt. Das Unternehmen begann im Juli mit den Bohrungen in Murray Creek und fügte im September eine zweite Bohranlage hinzu, um das Capleston-Veinsystem zu testen. Wesentliche Höhepunkte sind:
1. Am Capleston kreuzte das Bohrloch DD_REF_043 eine 12 m Zone von Quarz-Pyrit-Arsenopyrit, einschließlich einer 1 m Quarzader von 31 m bis 32 m @ 3,86 g/t Au.
2. In Murray Creek bestätigte das erste Bohrloch (DD_VIC_041) die Erweiterung der Victoria-Lode, indem es historische Arbeiten bei 344 m kreuzte. Ein zweites Bohrloch ist in Arbeit und zielt auf einen unberührten Bereich des Riffs ab.
3. Die Capleston-Gruppe hat historisch 134,927 Unzen @ 49,1 g/t Au produziert, wobei die Mine Welcome-Hopeful 88,620 Unzen @ 61,4 g/t Au abwarf.
CEO Robert Eckford äußerte sich zuversichtlich über die ersten Ergebnisse des Programms und erklärte, dass diese die These des Unternehmens über fortlaufende Oberflächenadern jenseits alter Arbeiten unterstützen.
- Drill hole DD_REF_043 at Capleston intersected 1m quartz vein @ 3.86 g/t Au from 31-32m depth
- Confirmation of Victoria lode extension at Murray Creek
- Historical high-grade production: Capleston Group produced 134,927 oz @ 49.1 g/t Au
- Near-surface targets at Capleston offer potential for early, low-cost development
- First drill hole at Murray Creek (DD_VIC_041) encountered historical underground workings over a 4m length
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) ("RUA GOLD" or the "Company") is pleased to provide an update from the drilling campaign underway at the Reefton Project on the South Island of New Zealand.
The Company commenced its near mine drill program on the Murray Creek targets in July. A second drill rig was introduced in September to test the Capleston vein system. These historic mines collectively produced ~700koz of gold at 25.2g/t within a radius of ~20 kilometers.
Robert Eckford, CEO of RUA GOLD commented: "Our five years of meticulous surface exploration work over the Reefton project is paying dividends from the outset of this drill program. Both of the initial drill holes have confirmed we are in right area and are locating these lodes. The near surface intercepts on Capleston are encouraging and makes for compelling economic ounces, it supports our thesis that the surface veins are continuous past the old workings. Despite the initial drill hole at Murray Creek hitting old workings, it is extremely encouraging that we have identified the dip angle of the Victoria lode and we have even more confidence with the subsequent hole that is underway now, and results from this will be ready in the next few weeks."
Capleston
On the second drill rig, which was introduced to test the Capleston vein system, the Company targeted an undeveloped and near-surface vein at the southern end of the two kilometer long historic Capleston project, the highest-grade producer of the Reefton Goldfield historically. Near surface targets lend themselves to early development and are the closest to transportation and infrastructure, providing low-cost operational advantages.
The first diamond drill hole, DD_REF_043, intersected a 12m zone of quartz-pyrite-arsenopyrite in the hanging wall, with a 1m quartz vein from 31m to 32m @ 3.86 g.t Au.
A legacy drill hole intercepted the southern lode at 33m downhole, with 1m @ 24g/t Au followed by 1m @ 2.5g/t Au1. Mapping has recorded historical waste samples up to 32.0g/t Au in the vicinity1, and a strong soil anomaly enveloping the vein (up to 410ppb Au).
Figure 1: Capleston Section DD_REF_043, drill intersection and core highlighted
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Murray Creek
RUA GOLD reports the completion of the first hole testing the down-dip extension of the Victoria lode, DD_VIC_041, which is being evaluated by the team. This intersected the targeted reef at 344m down hole and encountered historical underground workings over a 4m length. It then exited out to the footwall before drilling on for an additional 20m.
This confirms that the lode extension is accurate and, with the precise location confirmed, a second hole is underway that is 50m deeper down dip from the initial drill hole. The Company anticipates an intersection into an un-mined portion of the reef at around 350m. Results from this testing will be available in the coming weeks.
Figure 2: Cross section through the first Murray Creek drill target, Victoria
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Background
Capleston Group historical production 134,927 oz @ 49.1 g/t Au (Barry, 1993). The Capleston Group represents a 2km long vein system with a series of north-plunging shoots dipping steeply to the east. Welcome-Hopeful was the major producer (88,620 oz @ 61.4 g/t Au recovered; Barry, 1993; Figure 3). Fiery Cross was singular for its exceptionally high antimony (Figure 4).
A table of historic production in this district is included in Table 2.
Figure 3: Historical schematic of Capleston Lodes (section 90.313) c.1920, annotated to accentuate the lodes and Reform drill site.
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Figure 4: Fiery Cross Battery, Capleston 1930. Image from Reefton Isite.
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Figure 5: Location of Reefton Projects
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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'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. RUA GOLD will have approximately 120,000 hectares of tenements, following the completion of its previously announced acquisition of Reefton Resources Pty Limited2, in a district that historically produced over 2 million ounces of gold grading between 9 and 50 grams per tonne.
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 15 million ounces of gold and 60 million ounces of silver. Glamorgan is within 3 kms of OceanaGold Corporation's biggest gold mining project, WKP.
For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.
New Investor Relations agreement - Gold Standard Media, LLC
On October 11, 2024, the Company entered into an advertising agreement with Gold Standard Media LLC ("Gold Standard") for total cash consideration of US
Technical Information
Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure contained herein.
QAQC Drilling
The majority of drillholes were sampled in full, typically following 1-m sample intervals unless geological contacts (i.e. dolerite intrusions) dictated otherwise. NQ core was analyzed as whole core; therefore, only requiring cutting along sample intervals. PQ and HQ core were sampled as half core.
Drill core samples were sent to SGS Westport for sample preparation. Core was crushed to
RUA GOLD Contact
Robert Eckford
Chief Executive Officer
Tel: +1 604 655 7354
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 project and the results thereof; and the Company's acquisition of Reefton Resources Pty Limited. 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 unfavourable 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 CSE Form 2A - Listing Statement 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.
Table 2: Historical production from mines within the Capleston Project (Barry, 1993).
| Lode | Easting | Northing | Quartz tonnes | Au (kg) | Total Production (Au oz) | Recovered grade (oz) | Recovered grade (g/t) |
| Welcome-Hopeful | 1512383 | 5342261 | 44,868.9 | 2,756.4 | 88,620.3 | 2.0 | 61.4 |
| Fiery Cross | 1512133 | 5341691 | 24,956.4 | 869.5 | 27,955.1 | 1.1 | 34.8 |
| Just in Time | 1511983 | 5341202 | 13,754.9 | 534.1 | 17,171.7 | 1.2 | 38.8 |
| Reform-Imperial-South Hopeful | 1511803 | 5341543 | 1,698.9 | 33.3 | 1,070.6 | 0.6 | 19.6 |
| Lone Star | 1511833 | 5340402 | 243.8 | 3.4 | 109.3 | 0.4 | 13.9 |
Source: Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield. Ministry of Commerce Resource Information Report No. 15.
1 Reported NI 43-101: Technical Report on the Reefton Project, New Zealand
2 Refer to news released dated July 15, 2025.
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FAQ
What were the initial results of RUA GOLD's drilling program at the Reefton Project?
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What was the historical gold production from the Capleston Group at RUA GOLD's Reefton Project?
What is the significance of the near-surface targets at Capleston for RUA GOLD (NZAUF)?
