RUA GOLD Reports High-Grade, near Surface Gold Intercepts at Cumberland, Including 1m @ 26.9 g/t Au (within a Broader Intercept of 14m at 3.4 g/t) and 1m @ 16.2 g/t Au, Confirming Continuity of Mineralization at the Gallant Target

Core Insights - Rua Gold Inc. has reported high-grade gold intercepts at the Cumberland gold camp, confirming the continuity of mineralization at the Gallant target [1][5][9] Drilling Results - Initial drilling results from two holes, CUDDH001 and CUDDH002, intersected significant near-surface gold mineralization, with CUDDH001 showing 3m at 6.3 g/t Au and CUDDH002 showing 14m at 3.4 g/t Au, including 1m at 26.9 g/t Au [3][4][9] - Historical drilling by OceanaGold Limited at the Gallant structure reported intersections of up to 20.7m of quartz with gold grades ranging from 0.15 g/t to 1911 g/t [3][9] Geological Context - The Cumberland gold camp is located 3km south of the Globe-Progress Mine, which has produced over 1 million ounces of gold [4][28] - The Gallant target is characterized by broad quartz veins with true widths ranging from 5m to 9m, consistent with historical data [3][5] Exploration Strategy - The company is utilizing VRIFY's AI-Assisted Mineral Discovery Platform, DORA, to identify prospective targets and streamline exploration efforts [2][15][18] - Ongoing drilling will systematically test the 2.2 km historic mine corridor, focusing on high-priority targets identified by the AI tool [2][3][12] Future Plans - The geological team plans to drill six additional holes, with depths ranging from 70m to 180m, targeting quartz veins extending 200m southward [3][12] - The company aims to develop economically viable ounces at the Gallant target, which is logistically accessible for exploration and potential development [6][5]