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RUA GOLD Reports High-Grade, near Surface Gold Intercepts at Cumberland, Including 1m @ 26.9 g/t Au (within a Broader Intercept of 14m at 3.4 g/t) and 1m @ 16.2 g/t Au, Confirming Continuity of Mineralization at the Gallant Target
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - Rua Gold Inc. (TSXV: RUA) (OTCQB: ...
About this update from Rua Gold Inc
[{"type":"text","content":"RUA GOLD Reports High-Grade, near Surface Gold Intercepts at Cumberland, Including 1m @ 26.9 g/t Au (within a Broader Intercept of 14m at 3.4 g/t) and 1m @ 16.2 g/t Au, Confirming Continuity of Mineralization at the Gallant TargetVancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (\"RUA GOLD\" or the \"Company\") is pleased to announce initial drill results from the Cumberland gold camp at the Reefton Project on New Zealand's South Island. In the first month of drilling, the initial two holes intersected near-surface, high-grade gold mineralization. These results validate the prospective targets identified through VRIFY 's AI-Assisted Mineral Discovery Platform, DORA. Drilling is ongoing and continues to build on these encouraging early results, with systematic testing progressing southward along the 2.2 km historic mine corridor. Highlights:Significant broad quartz veins were intersected in drillholes CUDDH001 and CUDDH002, defining true widths of the main Gallant vein ranging from 5m to 9m. These results are consistent with historical intersections reported by OceanaGold Limited.Assay results show:CUDDH001: 3m @ 6.3g/t Au from 44m depthIncluding 1m @ 16.2g/t Au CUDDH002: 14m @ 3.4g/t Au from 64m depthIncluding 1m @ 26.9g/t AuHistorical drilling by prior operators targeting the Gallant structure intercepted 20.7m of quartz with individual 1m assays ranging from 0.15g/t gold to 1911g/t gold (60oz/t).Drilling has confirmed discrete zones of high-grade gold mineralization hosted by quartz veins, accompanied by a broad halo of lower-grade gold from surface to a depth of 80m.The visible gold within quartz is reminiscent of the style and size of Federation’s Blackwater Project, 11km to the south. The geological team have relocated the drill rig to a new pad situated 100m south of the initial drill pad. 6 holes of depths ranging from 70m to 180m are planned, where surface mapping has identified quartz veins extending 200m southward.Steeply dipping quartz veins with continuity from surface contributes to significantly lower drilling and development costs, supporting efficient advancement towards a resource.The Cumberland structural zone was identified as a standout target using the VRIFY AI tool. Subsequent drilling will systematically test the 2.2km Cu...