RUA GOLD Reports Extensions Along Strike and at Depth at the Auld Creek Gold-Antimony Project, Reefton Goldfield
RUA GOLD Reports Extensions Along Strike
and at Depth at the Auld Creek Gold-Antimony
Project, Reefton Goldfield
Vancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Rua Gold Inc. (TSX: RUA) (NZX: RGI)
(OTCQX: NZAUF) (WKN: A40QYC) ("
RUA GOLD
" or the "
Company
") is pleased to provide an
exploration update on its Auld Creek gold-antimony Project located in the Reefton Goldfield on the South
Island of New Zealand.
Highlights:
Recent drilling provides strong evidence for expansion of the gold-antimony resource:
ACDDH064 intercepted mineralization 400m north of the resource envelope,
confirming surface extension beyond 1,060 meters (previously 870m length).
ACDDH065 intercepted mineralization 550m downhole,
demonstrating continuity to
540m below surface (previously 300m depth).
Assays are pending for both holes. The resource remains open along strike to the north and
at depth, with mineralization occurring in plunging shoots.
Highlighted assay results from recent step-out drilling at Auld Creek include:
ACDDH058: 1.4m @ 29.1 g/t AuEq
1
(25.5 g/t Au & 1.6% Sb) from 173m
ACDDH059: 1.2m @ 14.3 g/t AuEq
1
(7.6 g/t Au & 3.1% Sb) from 270m
ACDDH060: 2.8m @ 3.8 g/t AuEq
1
(2.5 g/t Au & 0.6% Sb) from 128m
ACDDH062: 4.3m @ 2.5 g/t Au
from 349m
The project remains on track with mine planning, environmental, and social studies to support
submission of a Fast-track
2
Referral application at the end of the month.
All drill-holes in the recent campaign have reliably intersected the structure, supporting its
interpretation as a continuous, district-scale feature.
The higher gold grade intersected in ACDDH058 helps delineate the orientation and continuity of
high-grade mineralized shoots, confirming the deposit's potential to host high-grade gold zones.
Scout drilling has been mobilized to test the full 2,500m length of the surface gold-arsenic-antimony
soil geochemical anomaly.
The Company's CEO, Robert Eckford, commented, "
The decision to prioritize the Auld Creek gold-
antimony project for a major development drilling program is already delivering encouraging results,
with both resource step-out drilling, and scout drilling of outlying targets demonstrating consistent
geological and structural continuity. The early results support our decision to simultaneously
undertake a Preliminary Economic Assessment ("PEA") as part of a Fast-Track referral application for
a mining permit expected to be submitted at the end of the year."
Figure 1: Auld Creek Fraternal long section
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/288766_fd8e7f40845f0beb_001full.jpg
AULD CREEK EXPLORATION UPDATE
Recent drilling provides strong evidence supporting expansion of the Auld Creek gold-antimony
resource over 1,000m length and more than 500m of depth; together with several higher-grade gold
intercepts that highlight the potential for high-grade mineralization hosted within orogenic-style quartz
veins.
These results provides early evidence and support the Company's focus on its fully funded 19,000m drill
program, with four diamond drill rigs currently operating on site.
Details on each reported intercept:
1
.
Hole ACDDH058 in the northern end of the Fraternal resource envelope returned high gold grades,
0.5m @ 20.5 g/t Au, 0.2m @ 83.4gm/t Au and 0.7m @ 12.6 gm/t Au + 3.3% Sb
(estimated true
width of 7.3m). This is the highest individual gold assay grade in the Auld Creek deposit to date
and importantly assists in delineating the orientation and continuity of high-grade mineralized
shoots.
Approximately 65m down dip of ACDDH058, hole ACDDH060 intersected
2.8m @ 2.5 g/t Au &
0.6% Sb
(estimated true width of 10.8m). This intercept confirms
structural continuity and
suggesting the high-grade mineralized shoot plunges moderately south.
2
.
ACDDH059 and 062 provide better understanding of the central Fraternal zone.
ACDDH059:
1.2m @ 7.6 g/t Au + 3.07 % Sb including 0.55m @ 14.1 g/t Au + 3.3% Sb
(estimated true width 2.6m)
ACDHH062:
8.5m @ 1.73 Au including 0.2m 11.8 g/t Au, and 0.3m 5.8 g/t Au
(estimated true
width 5.0m)
3
.
ACDDH063 and 065 provide definitive proof of depth continuity in the northern and southern
Fraternal zone, driving the resource envelope down 540m below surface (pending assays).
4
.
ACDDH064 has intercepted a strong mineralized zone 400 meters north of the current resource
extending it over 1,000m (pending assays).
5
.
Surface geochemistry continues to provide a strong vector toward mineralisation, the signature
continues over 2,500m (1,500m beyond the current resource envelope).
6
.
Scout drilling targeting northerly extensions of the Fraternal and Bonanza lodes is planned along
with the intensive resource development drilling of the central Fraternal deposit.
All drill-holes in the recent campaign have successfully intersected the Fraternal structure, supporting its
description as a continuous and district size feature. Further infill and extensional drilling is planned,
along with geological modelling and geochemical fingerprinting of the lodes and host
greywacke/argillites to provide improved geological and structural understanding of the deposit.
Collectively, these results materially advance the Company's understanding of the Auld Creek system
providing clear vectors to guide subsequent drilling focused on expanding higher-grade mineralization
along plunge toward the north and at depth.
Figure 2: Core photo of high-grade gold assays ACDDH058 and deepest northern-Fraternal intercept
to date: ACDDH063
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/288766_fd8e7f40845f0beb_002full.jpg
A fifth rig will commence in April as the
roaming rig,
focused on other highly prospective gold targets
across the Reefton Goldfield that will form part of the longer-term vision of a demonstrating the potential
for multiple underground mines feeding the central mill at Auld Creek.
ABOUT RUA GOLD
RUA GOLD is an exploration company, strategically focused on New Zealand. With decades of
expertise, our team has successfully taken major discoveries into producing world-class mines across
multiple continents. The team is now focused on maximizing the asset potential of RUA GOLD's two
highly prospective high-grade gold projects.
The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on
New Zealand's South Island with over 120,000 hectares of tenements, in a district that historically
produced over 2Moz of gold grading between 9 and 50g/t.
The Company's Glamorgan Project solidifies RUA GOLD's position as a leading high-grade gold
explorer on New Zealand's North Island. This highly prospective project is located within the North
Islands' Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver.
Glamorgan is adjacent to OceanaGold Corporation's biggest gold mining development project,
Wharekirauponga, which is now fully permitted and under construction.
For further information, please refer to the Company's disclosure record on SEDAR+ at
www.sedarplus.ca
.
TECHNICAL INFORMATION
Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101
Standards of
Disclosure for Mineral Projects
and Chief Operating Officer and a director of RUA GOLD, has reviewed
and approved the technical disclosure contained herein. Mr. Henderson has participated in the
geochemical sampling, and mapping programs to verify that they have been conducted in accordance
with standard operating procedures. Mr. Henderson has verified the data disclosed by running checks
on the location, analytical, and test data underlying the information in the technical disclosure herein.
QA/QC Drill Core
All core samples sent for laboratory analysis was HQ sized, ½ core sampled to lithological changes.
Control samples (certified standards and uncertified blanks), along duplicates, are inserted at a target
5% insertion rate. Results are assessed for accuracy, precision, and contamination on an ongoing
basis. Core samples were sent to SGS Laboratories, Westport for sample preparation. SGS is
independent of the Company.
Samples were crushed and pulverized to 85% passing 75 µm. The
pulverized rock-chips were split into two samples: a ~50 g sent for laboratory analysis, and the reject
returned to RGL for pXRF analysis and storage. Pulverized rock-chip samples were analyzed for gold
(Au) by 50-g fire assay with AAS finish at SGS Waihi (SGS Code FAA505); and for antimony (Sb) by
Sodium Peroxide Fusion Analysis by ICP-MS at SGS Waihi.
RUA GOLD Contact
New Zealand
Simon Delander
VP Risk Stakeholder Regulatory Affairs
Email:
Website:
www.RUAGOLD.com
Canada
Robert Eckford
Chief Executive Officer
Email:
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than
statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-
looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future
actions, including but not limited to exploration programs at its Reefton and Glamorgan projects and the results thereof, including the fifth rig and the
19,000m drill program, the timing of the exploration program at the Auld Creek Gold-Antimony Project in the Reefton Goldfield, the timing or results of a
PEA, and the timing or result of an application for a mine permit. Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ
materially from those in the forward-looking statements.
Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments
may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which
are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events
or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these
risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the
Russia-Ukraine war and the war in the Middle East; risks related to climate change; operational risks in exploration, delays or changes in plans with
respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations;
changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to
operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding
or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices.
This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the
Company's short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+
profile at
www.sedarplus.ca
for a description of additional risk factors.
Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made.
Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.
Table 1: Location of Auld Creek reported drill holes from RUA program
Hole ID
Easting
Northing
rL
Total Depth
Site _ID
Dip
Azimuth (true)
Year
ACDDH058
1507183
5333521
452.35
217.3
Pad 05
-52
84
2026
ACDDH059
1507072
5332958
605.7
294.8
Pad 18
-59
76
2026
ACDDH060
1507183
5333522
451.92
242.3
Pad 05
-57
66
2026
ACDDH061
1507183
5333523
452.38
333.8
Pad 05
-53
41
2026
ACDDH062
1507074
5332955
606.24
384.9
Pad 18
-71
64.5
2026
ACDDH063A
1507183
5333523
452.38
9
Pad 05
-72
63
2026
ACDDH063
1507183
5333523
452.38
332.9
Pad 05
-72
63
2026
ACDDH064
1507321
5333827
432
190.3
Pad 26
-55
290
2026
Table 2: Significant drilling intercepts at Auld Creek, full mineralized zone composites.
Hole ID
From
To
Interval
Au (g/t)
Sb (%)
ACDDH058
168
168.8
0.8
1.36
0.04%
ACDDH058
168.8
169.8
1
0.39
0.03%
ACDDH058
169.8
170.5
0.7
0.64
0.01%
ACDDH058
170.5
171.7
1.2
0.37
0.01%
ACDDH058
171.7
172.8
1.1
0.36
0.01%
ACDDH058
172.8
173.5
0.7
0.17
0.02%
ACDDH058
173.5
174
0.5
20.5
0.01%
ACDDH058
174
174.2
0.2
83.4
0.03%
ACDDH058
174.2
174.9
0.7
12.6
3.26%
ACDDH058
174.9
175.3
0.4
0.36
0.10%
ACDDH058
175.3
175.8
0.5
0.38
0.02%
ACDDH059
269.95
270.55
0.6
0.03
0.17%
ACDDH059
270.55
271.1
0.55
14.1
3.35%
ACDDH059
271.1
271.75
0.65
2.19
2.85%
ACDDH059
271.75
272.3
0.55
0.19
0.02%
ACDDH059
272.3
273
0.7
0.02
0.01%
ACDDH060
127.95
128.45
0.55
0.59
0.01%
ACDDH060
128.5
129.55
1.05
6.22
0.01%
ACDDH060
214.7
215.8
1.1
0.01
0.02%
ACDDH060
215.8
216.45
0.65
0.49
2.68%
ACDDH060
216.45
217.15
0.7
0.09
0.11%
ACDDH060
217.15
218.25
1.1
0.06
0.01%
ACDDH060
218.25
219.4
1.15
0.16
0.02%
ACDDH060
219.4
220.3
0.9
0.11
0.09%
ACDDH060
220.3
221
0.7
1.41
0.87%
ACDDH060
221
221.9
0.9
1.31
0.07%
ACDDH062
348.8
349
0.2
11.8
4.77%
ACDDH062
349
349.3
0.3
5.81
1.01%
ACDDH062
349.3
349.6
0.6
1.48
0.04%
ACDDH062
349.6
350
0.4
0.92
0.01%
ACDDH062
350
350.3
0.3
1
0.01
ACDDH062
350.3
350.7
0.4
0.8
0.01
ACDDH062
350.7
351
0.3
0.36
0.01
ACDDH062
351
351.5
0.5
0.33
0.01
ACDDH062
351.5
352.2
0.7
0.41
0.01
ACDDH062
352.2
352.5
0.3
1.33
0.01
ACDDH062
352.5
352.8
0.3
12.4
0.34
ACDDH062
352.8
353.1
0.3
0.98
0.26
ACDDH062
353.1
353.4
0.3
1.22
0.01
ACDDH062
353.4
353.7
0.3
1.43
0.10
ACDDH062
353.7
354
0.3
0.62
0.38
ACDDH062
354
354.4
0.4
0.82
0.01
ACDDH062
354.4
355
0.6
1.06
0.01
ACDDH062
355
355.4
0.4
1.29
0.01
ACDDH062
355.4
355.7
0.3
0.84
0.01
ACDDH062
355.7
356
0.3
0.48
0.01
ACDDH062
356
357
1
0.55
0.01
________________________
1
.
Using the gold equivalent formula in the 43-101 technical report titled "Technical Report on the Reefton Project, New Zealand, Report for NI 43
- 101 on the Reefton Project, New Zealand" dated February 27, 2026 available under the Company's SEDAR+ profile at
www.sedarplus.ca
:
AuEq = Au g/t + 2.15 x Sb% using a Au price of US$3,000/oz, Sb price of US$25,000 per tonne and 85% recovery.
2
.
Fast-track Approvals Act 2024
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