RUA GOLD Commences Exploration Program at Glamorgan Project Last week, RUA GOLD (Ticker: RUA.c or NZAUF for US investors) initiated exploration activities at its 4,600-hectare Glamorgan Project in the Hauraki Goldfields on New Zealand's North Island. The company secured a drone concession from the Department of Conservation, enabling it to conduct magnetic geophysical surveys at the site.
With this, the company's exploration team, consisting of highly skilled professionals with extensive experience in geology, geochemistry, and geophysical exploration technology, has mobilized to Glamorgan.
The team is excited as previous exploration within the permit identified silicification, veining, and alteration with gold concentrations greater than 50 ppb in soils over 3.8km. Additionally, rock samples returned up to 95 g/t gold.
Historically, the Hauraki region has produced over 15M ounces of gold and 60M ounces of silver. The Glamorgan Project is especially well-located within the region, only 2.8km from OceanaGold’s Wharekirauponga Project (WKP) which has an indicated resource of 1.01 Moz at 15.9 g/t.
The WKP was recently included in New Zealand’s Fast Track Approvals Bill, providing a clear pathway for accelerated project development for RUA.
RUA is currently applying for minimum impact access from the Department of Conservation to conduct soil sampling, resistivity geophysical surveys, and geological mapping. These activities are expected to begin before July, setting the stage for designing a drilling program and applying for full access to start drilling before 2025.
Full press release: https://ruagold.com/rua-gold-commences-exploration-program-at-the-glamorgan-project-on-the-north-island-of-new-zealand/
Posted on behalf of RUA GOLD Corp.