As highlighted by Mining.com, in a groundbreaking move set to redefine the landscape of mining in New Zealand, the government's swift action to streamline approvals for mining projects is poised to ignite a resurgence reminiscent of the historic gold rush era.
With a strategic focus on expediting infrastructure and mining endeavors, the new legislation signals a pivotal shift, slashing permitting timelines from two years to a mere six months.
RUA GOLD (RUA.c or NZAUF for US investors), emerging from the amalgamation of Reefton Goldfields Inc. and First Uranium Resources, stands at the vanguard of this transformative wave. Helmed by a seasoned management team boasting a wealth of experience, RUA epitomizes the promise of New Zealand's mining resurgence.
Under the astute leadership of Chairman Oliver Lennox King, CEO Robert Eckford, and COO Simon Henderson, RUA GOLD has swiftly captured investor attention, with shares up 80% since its debut on the Canadian Securities Exchange.
RUA's strategic focus spans both the North and South islands, leveraging the untapped potential of highly prospective projects.
In the North Island, RUA's Glamorgan property, nestled within the Hauraki goldfield, neighbours OceanaGold’s Wharekirauponga project which has an indicated resource of 1Moz @ 15.9 g/t gold. Early exploration endeavors at Glamorgan have already unearthed evidence of substantial mineralization, setting the stage for further discovery.
Meanwhile on the South Island, RUA holds significant titles in the Reefton Goldfield, encompassing six primary projects, all fully owned by the company. With a legacy of prolific gold production dating back to the 1950s, the Reefton region emerges as a prime locus for RUA's ambitious exploration pursuits.
With innovation, expertise, and unwavering determination, RUA GOLD stands poised to carve out its place in the sustainable mining ecosystem in New Zealand.
Full article here: https://www.northernminer.com/joint-venture-article/jv-article-new-legislation-to-turbo-charge-mining-in-new-zealand-resource-minister/1003866782/
Posted on behalf of RUA GOLD Corp.