RUA GOLD Commences Exploration Program at the Glamorgan Project on the North Island of New Zealand.
- RUA GOLD has a well-funded exploration program allocated to the
Glamorgan Project . - The Company has applied for minimum impact access from DoC, to allow soil sampling, resistivity geophysical surveys and geological mapping, expected to be received in Q2 2024.
- Following this surface exploration work, the Company will design the drill program and apply for full access to commence exploration drilling by the end of the year.
- On
May 5, 2024 , OceanaGold included the accelerated development of WKP inNew Zealand's newly introduced Fast Track Approvals Bill, creating a road map for RUA GOLD. (https://www.beehive.govt.nz/release/one-stop-shop-major-projects-fast-track).
More information can be found at the Company's website: www.ruagold.com.
RUA GOLD's Glamorgan Project comprises of over 4,600 hectares in the Hauraki district, on the
RUA GOLD's Chief Operating Officer,
The Company is excited about the potential within this permit where previous exploration has outlined a zone of silicification, veining and alteration with > 50 ppb gold in soils over its 3.8km length, and rock samples in the vicinity returning up to 95g/t gold. These exhibit classic features of an epithermal gold mineralized system.
1
Based on OceanaGold's reported Resources and Reserves for the year ended 2023, see |
RUA GOLD (CSE: RUA, OTC: NZAUF, WKN: A4010V) is a new entrant to the mining industry, specializing in gold exploration and discovery in
The Company is committed to responsible and sustainable exploration, which is evident in its professional planning and execution. The Company aims to minimize its environmental impact and to execute on its projects with key stakeholders in mind. RUA GOLD has a highly skilled team of
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, has reviewed and approved the technical disclosure contained herein.
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 and drilling programs at its Glamorgan project; and the Company's expected receipt of permits or other regulatory approvals. 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
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.
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