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RUA GOLD Begins Drilling at Cumberland Target in the Reefton Goldfield, Following up on a 20.7m Intercept of 62g/t (2oz/t) Gold
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2025) - Rua Gold Inc. (TSXV: RUA) (OTCQB:...
About this update from Rua Gold Inc
[{"type":"text","content":"RUA GOLD Begins Drilling at Cumberland Target in the Reefton Goldfield, Following up on a 20.7m Intercept of 62g/t (2oz/t) GoldVancouver, British Columbia--(Newsfile Corp. - April 3, 2025) - Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (\"RUA GOLD\" or the \"Company\") is pleased to advise the commencement of drilling at the Cumberland gold camp drill target. This builds upon the integration of the VRIFY AI targeting and ranking process with RUA's extensive geological database, as well as the consolidation of the Reefton Goldfield - an orogenic gold and antimony belt on the South Island of New Zealand.Highlights:The geological team have defined an initial drill program for 6 holes of depths ranging from 70m to 150m to be drilled from the first pad to define the structure of the Gallant lode.Targets are following up on high grade historical intercepts that are at very shallow depths ranging from 30m to 60m.Subsequent drilling will then systematically test the remainder of the Cumberland gold camp targeting the 7 historic mines in a 2.2km long north-northwest trending zone of quartz veins and shearing.Historical drilling targeting the Gallant structure drilled 20.7m of quartz with individual 1m assays ranging from 0.15g/t gold to 1911g/t gold (60oz/t) using screen fire assay method.Re-assaying the historical core using photon assay methods confirms the very high grade and nuggety nature of the gold mineralization.Averaging the two sets of core assays confirm a 20.7m intersection assaying 62.2 g/t (2 oz/t) gold.Modelling of the observed quartz veins and gold mineralisation intercepts interprets an 8m true width of the vein.Initial drilling targets a 600m zone from the Gallant to the Sir Francis Drake historical workings (see figure 3 below), where quartz veins can be traced on surface in folded structurally complex greywacke-argillite host rocks.The Cumberland structural zone has emerged as a standout target from the early stages of the Company application of the VRIFY AI tool. RUA GOLD has completed drilling of the Victoria lode within the Murray Creek mine camp and is now focusing on the Cumberland gold camp, a historic site located 3km south of Globe-Progress Mine. The Globe-Progress Mine has a rich history of production, with over 1 million ounces of gold produced (424,000 ounces prior to 1950 and an additional 665,00...