Core Viewpoint - Rua Gold Inc. has reported significant improvements in gold and antimony grades from its drilling activities at the Auld Creek project, indicating a promising expansion of its resource base in New Zealand's Reefton Goldfield [1][4][10]. Company Updates - The recent drilling results include notable intercepts: - ACDDH026: 2.1m @ 1.25g/t Au from 175m depth - ACDDH027: 9m @ 5.9g/t AuEq (5.2g/t Au & 0.16% Sb) from 159m depth - ACDDH028: 1.25m @ 48.3g/t AuEq (13.3g/t Au & 8.1% Sb) from 210m depth [4][10][12] - The company is focusing on expanding the Auld Creek resource both north and south, with surface exploration showing promise over a 2.5km length [4][10]. Exploration Potential - Auld Creek has an inferred resource of 700,000 tonnes at 3.1g/t Au and 1.1% Sb, equating to approximately 67,000oz of gold and 8,000 tonnes of antimony [12][10]. - The drilling program commenced in December 2024, targeting four mineralized shoots identified from historical exploration [11][12]. Market Context - Antimony prices have surged to over US$50,000 per tonne, up from US$11,350 per tonne at the start of 2024, reflecting increased demand and limited supply [10][9]. - Antimony is recognized as a critical mineral by several countries, including New Zealand, due to its strategic importance in various industries [9][10].
RUA GOLD Expands High-Grade Intercepts at Depth at Auld Creek: 5.9g/t AuEq over 9m and 48.3g/t AuEq over 1.25m