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RUA GOLD Completes the Second Phase of Surface Exploration and Drill Targeting at the Glamorgan Project, New Zealand
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2025) - Rua Gold Inc. (TSXV: RUA) (OTCQB: ...
About this update from Rua Gold Inc
[{"type":"text","content":"RUA GOLD Completes the Second Phase of Surface Exploration and Drill Targeting at the Glamorgan Project, New ZealandVancouver, British Columbia--(Newsfile Corp. - May 13, 2025) - Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) (\"RUA GOLD\" or the \"Company\") is pleased to announce the completion of the second phase of surface exploration on its Glamorgan Project, an epithermal gold system in the Hauraki Goldfield, North Island, New Zealand.The Hauraki Goldfield is a major epithermal gold province, with over 50 historic mines having produced more than 15 million ounces of gold. The Glamorgan Project lies adjacent to OceanaGold's Wharekirauponga deposit, with Indicated Mineral Resources of 1.4Moz at 17.9 g/t Au and is scheduled to enter construction in the second half of 20251.Highlights: The Company has completed its second phase of surface exploration, identified initial drill targets, and will submit its Access Agreement application at the end of May. Results indicate classic features of a major epithermal gold-silver system and are identical to the surface features of neighboring OceanaGold Project, Wharekirauponga. Four significant gold-arsenic soil anomalies trending north, north-east and north-northwest strike out individually over 4 kms in length. Rock chip samples containing up to 43 g/t Au highlight specific targets for evaluation, coincident with the intersection of two gold-arsenic soil anomalies. TerraSpec soil and clay mineralogy has identified a zonal clay distribution that reflects high-level epithermal alteration coincident with gold anomalism. Ground-based geophysics Controlled-source Audio-frequency Magnetotellurics (CSAMT) has identified three major resistive structures coincident with surface alteration and gold mineralization. These resistive structures may represent pervasive silica-quartz at depth - key criteria for targeting the drilling within a major epithermal gold system. All of the above results are being uploaded to the VRIFY AI-platform, where geological modelling is starting to assist in the systematic identification and ranking of drill targets.Simon Henderson, COO of RUA GOLD, commented: \"This comprehensive, district-wide surface work has provided valuable new information, highlighting not just one, but three significant zones of potential mineralizati...