A De-Risked & High-Grade Opportunity Witnessing a notable geopolitical shift following the installment of a new Prime Minister, New Zealand is 'turbo-charging' its mining sector with the swift approval of bills expediting infrastructure and mining project to shorten the permitting process from two years to just six months.
As the country still remains largely untapped, there is ample opportunity 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. (Source: https://investingnews.com/new-zealands-golden-mining-opportunities/)
De-Risked & High-Grade Opportunity
Positioned within two prime gold exploration properties across New Zealand's North and South Islands, RUAGold (RUA.c) 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.
Upcoming Exploration & Drill Programs
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.
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.