RUA GOLD Unveils Two Major Gold Bearing Structures at Glamorgan Project

RUA GOLD Inc. (TSXV: RUA, OTCQB: NZAUF, WKN: A4010V) has announced the discovery of two major gold-bearing structures at its Glamorgan Project in the Hauraki Goldfield, New Zealand. The Company's exploration team has identified these structures through a combination of surface exploration, geochemical analysis, and geophysical surveys. The discovery of these gold-bearing structures has significant implications for the Company's future exploration and development plans.



The Glamorgan Project is situated 2.8km north of OceanaGold Corporation's Wharekirauponga Project (WKP), which has indicated resources of 1.01 Moz at 15.9 g/t. The Company's exploration team has collected 2,000 soil samples, completed a UAV drone magnetic geophysical survey, and conducted ground geological mapping. The results of these efforts have provided preliminary evidence of a significant epithermal gold system at the Glamorgan Project, with surface features similar to those found at the adjacent WKP deposit.

The Company's Chief Operating Officer, Robert Eckford, expressed confidence in the potential of the Glamorgan Project, stating that the geology in the region is exceptional, and the surface features observed at the Glamorgan Project are similar to those at OceanaGold's nearby Wharekirauponga project. The discovery of these gold-bearing structures has validated the Company's exploration strategy and has accelerated the timeline for drilling and resource estimation at the Glamorgan Project.

The Company plans to design a drill program and apply for a full Access Agreement by the end of the year to commence drilling at the Glamorgan Project. This accelerated timeline is a direct response to the promising surface exploration results, which have provided strong encouragement to select drill locations by the end of the year. The Company will use the results from the upcoming drill program to estimate the mineral resources at the Glamorgan Project, which will help inform future development decisions.

In conclusion, RUA GOLD's discovery of two major gold-bearing structures at the Glamorgan Project is a significant milestone for the Company. The discovery of these structures has the potential to enhance the Company's market valuation and growth prospects, as well as contribute to its cash flow and production. The Company's exploration strategy and timeline for drilling and resource estimation at the Glamorgan Project have been influenced by these findings, with the Company accelerating its plans to commence drilling at the project by the end of the year.