New Zealand, Federation Mining & RUA GoldNew Zealand witnessed a notable shift in its geopolitical landscape following the installment of a new Prime Minister, leading to the swift approval of bills expediting infrastructure and mining projects. These measures aim to shorten the permitting process from two years to just six months, potentially igniting a modern-day gold rush.
In the annals of history, New Zealand's previous gold rush surpassed even the famed California Gold Rush, yielding over 40 million ounces of the precious metal; however, the country still remains largely untapped, presenting ample opportunities for expansion through modern mining techniques.
During this transformative period, Resources Minister Shane Jones emphasized the government's strong commitment to boosting mining activity to spur economic growth with the country poised to become a formidable force in the mining sector.
Furthermore, Federation Mining's Snowy River Mine is set to receive a substantial financial infusion, facilitating the acquisition of mine assets and ongoing development endeavors.
Sources:
- https://www.northernminer.com/joint-venture-article/jv-article-new-legislation-to-turbo-charge-mining-in-new-zealand-resource-minister/1003866782/
- https://www.youtube.com/watch?v=awGtQpA2z58
De-Risked & High-Grade Opportunity In close proximity to Federation Mining lies the newly public RUAGold (RUA.c), positioning itself with two prime gold exploration properties across New Zealand's North and South Islands.
RUAGold stands as a newly established, low-risk venture with a robust portfolio spanning two premier gold districts: Reefton and Hauraki, boasting a combined historical gold output exceeding 43 million ounces.
New Zealand's Reefton District The Reefton District, renowned for its prolific gold production, holds immense potential with RUA securing a significant portion of historical mining areas across six contiguous properties.
RUA's projects exhibit considerable upside potential, with some areas remaining largely unexplored beyond depths of 150 meters, notably the Blackwater Project, boasting mineralization extending to 1,500 meters.
New Zeland's Hauraki District In the Hauraki District, RUA's Glamorgan Project emerges as a promising epithermal gold prospect, spanning over 4,600 hectares and showcasing compelling geological features indicative of substantial gold-silver systems.
Recent geological surveys reveal significant gold anomalies within the district, with rock chip samples yielding grades of up to 95 grams per ton of gold, underscoring the area's immense prospectivity.
Aligned with its strategic objectives, RUA is poised to initiate multiple drill and exploration programs across its projects, guided by a seasoned team of industry professionals boasting extensive experience in mining and exploration.
Supported by a solid financial foundation, RUA's capital structure reflects a market capitalization of $19.5 million and a cash reserve of $7.5 million, fostering future growth and value appreciation.
With an increasingly favorable share structure and rising insider ownership, RUA demonstrates unwavering confidence in its assets, signaling a promising trajectory for investors seeking exposure to the precious metals market.
Refer to this deep dive DD on RUA for more information:
https://www.reddit.com/r/Baystreetbets/comments/1bhwdew/how_to_position_yourself_for_the_precious_metals/ Posted on Behalf of RUAGold Inc.