"With this legislation, mining will be turbo-charged"
New Zealand saw a significant geopolitical shift with the election of a new Prime Minister, ushering in fast-track approvals bills for infrastructure and mining projects that will reduce permitting from two years to six months - a move that could spark a new gold rush.
Historically, New Zealand's last gold rush produced over 40 million ounces, significantly bigger than the California gold rush.
“No-one should underestimate the appetite our government has for seeing an increase of economic activity in mining,” Resources Minister Shane Jones said at the time.
As detailed in "GOLD: Nations Need It, Investors Want It & The Politician Who Wants To Help Find It ", New Zealand's Minister for Mining, Shane Jones, is on a mission to transform New Zealand a mining powerhouse with a focus on local economic developments and fast-tracked mining by providing "certainty for the providers of international capital who are going to help us develop our economy": https://www.youtube.com/watch?v=awGtQpA2z58 With 39 historical gold mines with significant deposits with historical mining that stopped in the 1950s, the country is largely underexplored and underdeveloped, leaving significant room for growth through the use of modern mining techniques to improve on historical results
A De-Risked & High-Grade Gold Explorer
Located in close proximity to Federation Mining, newly public RUAGold (RUA.c) is taking advantage of with two gold exploration properties on New Zealand's North & South Islands.
The brand-new, de-risked and high-grade gold explorer boats robust portfolio within two premier gold districts in New Zealand, the Reefton and Hauraki Districts, which have historically produced over 43M oz of Gold.
With a long history of gold production, the Reefton Goldfield has produced over 3M oz of gold at an average grade of ~26g/t.
In aiming to target previously underexplored areas, RUA holds 50% of the historical mining areas in the Goldfields from 6 contiguous properties.
So far, RUA's projects have only been mined to ~150m thus incredible upside remains as some projects are already known to be open at depth. This includes the Blackwater Project which has known mineralization in the existing resource that goes to 1,500m & is still open at depth.
In the Hauraki District, Rua's Glamorgan Project is an exciting new epithermal gold prospect spanning over 4,600 hectares with promising geological features.
Glamorgan covers a vast 3.8km zone displaying silification veining and alteration indicative of major epithermal gold-silver system
Affirming the prospectivity of the over 50 epithermal gold-silver deposits, recent rock chip samples and soil sampling highlighted gold anomalies along the zone, revealing grades of up to 95 g/t Au.
Underscoring the district and projects potential, Glamorgan is located just 2.8km from OceanaGold's Wharekirauponga Project, an advanced high-grade gold project with an indicated resource of 1.5M tonnes at 13.5g/t gold & inferred resource of 2.3Mt at 9.4g/t gold
Aimed at delineating high-grade gold mineralization targets, RUA is anticipating the commencement of multiple drill and exploration programs at its projects, taking a systematic approach to exploration.
Led by a team of seasoned professionals with decades of collective experience in the mining & the exploration industry, RUA's capital structure reflects solid financial foundation with mcap of $19.5M and cash position of $7.5M upon completion of the reverse takeover transaction.
Conductive to future growth and value appreciation, RUA boasts a favourable share structure with increasing insider ownership demonstrating the team's confidence in their assets.
Posted on Behalf of RUAGold Inc.