RUA GOLD Utilizes VRIFY AI to Prioritize Cumberland, Following up on Exceptional Historic Drill Intercept
RUA GOLD Utilizes VRIFY AI to Prioritize
Cumberland, Following up on Exceptional
Historic Drill Intercept
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2025) - Rua Gold Inc. (TSXV: RUA)
(OTCQB: NZAUF) (WKN: A40QYC) ("RUA GOLD" or the "Company") is pleased to advise on the
updated Cumberland gold camp drill target. This follows on from the integration of VRIFY AI into RUA's
extensive geological database and the consolidation of the Reefton Goldfield, an orogenic gold and
antimony belt on the South Island of New Zealand.
Highlights:
The AI contribution is already paying dividends as the tool has accelerated the identification of and
prioritization of our drill targets.
Prioritizing Cumberland gold camp comprising of 7 historic mines in a 2 km long north-northwest
trending zone of quartz veins and shearing.
Follow up target on historic Cumberland drill hole,
GAL001 showing 21.9m (5m true width) of
92.0g/t Au including 1m of 1911 g/t Au (60 oz/t)
.
Drilling contractor is being mobilized and the Company anticipates commencing drilling before the
end of January.
The Company is expanding its 2025 exploration program to include the Cumberland gold camp, a
historic gold camp 3kms south of Globe Progress Mine, which has produced over
1 million ounces of
gold
(historic production prior to 1950 of 424,000 ounces, and a further 665,000 ounces from 2007 -
2015 under OceanaGold).
Figure 1: Overview of the Reefton Goldfield.
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EARLY WIN FROM RUA GOLD'S AI INVESTMENT
The Cumberland target was identified by uncovering several exploratory holes drilled by OceanaGold 15
years ago, including hole GAL001, which had the following exceptional results on a well-defined quartz
vein at shallow depth:
GAL001: 21.9m (5m true width) of 92.0g/t Au including 1m of 1911 g/t Au (60 oz/t).
GAL001 was drilled down the vein, giving an exaggerated width but provides for a compelling and
prospective target to follow up immediately.
RUA GOLD has collated hundreds of thousands of data points from its recent Siren acquisition, historic
workings and contemporary exploration on its multiple mine sites, and district wide geophysical data
over the Reefton Goldfields. The ability to combine rapid data-mining of this information by VRIFY, in
concert with RUA GOLD's extensive surface geochemistry and ultra-detailed UAV magnetics
accumulated in the last 5 years, provides us with rapid feedback on a multi layered dataset, that now
focusses our prospect ranking, and directly informs our drilling programs.
Simon Henderson, COO of RUA GOLD, commented,
"Consolidation of our holdings on the Reefton
Goldfield provides a plethora of gold targets and historic deposits to examine. AI driven VRIFY
provides a science data driven platform to assimilate the vast amount of data available, identify
patterns and associations at lightning speed, and provide iterative feedback, constantly updating and
adding value as the exploration process rolls out. We are excited by its early success in highlighting
key areas such as Cumberland to prioritize our drill activity planned in 2025."
Figure 2: VRIFY AI hotspot identification showing Cumberland-Gallant Prospect
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CUMBERLAND HISTORY
The Cumberland gold camp comprises 7 historic mines in a 2 km long north-northwest trending zone of
quartz veins and shearing. Historic production totaled 21,740oz gold at an average recovered grade of
26.1 g/t (see appendices).
Figure 3: Map showing Cumberland historic mine camp
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INITIAL DRILL TARGET
Based on the extensive surface exploration work and historical drilling, the Gallant lode in the
Cumberland gold camp presents an exceptional high-grade target that has never seen significant
exploration work:
It has quartz veins outcropping on surface within an envelope of strong gold-arsenic anomalism.
It has several exploratory holes drilled by OceanaGold 15 years ago, which include exceptional
results on a well-defined quartz vein at shallow depth (Table 1).
Core orientation clearly demonstrates that this intersection drilled down the quartz reef
exaggerating its width.
Geological modelling interprets the vein to be approximately 5m wide.
Table 1: Intercept from GAL001, calculated with a 1.5ppm Au cut-off and up to 3m internal dilution.
Drill hole
From
To
Interval
Au (g/t)
GAL001
31.0
52.9
21.9m
92
including
47.0
48.0
1.0m
1911
Note: true width of vein: 5m.
VRIFY'S AI PLATFORM
The Company has partnered with VRIFY to onboard VRIFY's AI-assisted mineral discovery platform to
accelerate discovery, reduce costs and further de-risk exploration.
In conjunction with the consolidation of the Reefton Goldfield in November 2024, the Company
implemented the VRIFY AI tool. Early in the AI training phase, Cumberland was identified as a standout
target. The VRIFY team has assimilated geochemistry, drilling and geophysical data on an
unprecedented scale and accuracy over the whole district, processing over 84GB of data, +170,000
data points, actively informing our 2025 drill targets for quicker project advancement and de-risking our
work programs.
RUA GOLD's data, unlocked through VRIFY's Al-assisted mineral discovery platform. This AI-assisted
data synthesis enabled RUA GOLD to actively and effectively rank its 2025 drill targets, accelerating its
project advancement and de-risking its work programs in a matter of minutes, a process that would have
taken months, if performed manually.
ACCELERATED DISCOVERY
RUA GOLD inherited thousands of data points from historic activity on its multiple mine sites and
exploration work with the Reefton Goldfields. The ability to rapidly mine this existing data for new insights
and targets, while incorporating recent work, provided real-time feedback through VRIFY's platform to
inform drilling programs.
SCALABILITY and COST SAVINGS
RUA GOLD is just beginning and is confident that VRIFY will continue to add value by allowing for the
analysis of larger datasets without increasing costs linearly.
HIGHER ACCURACY
VRIFY's proprietary Al model reduces human error and identifies patterns that manual review might
miss, increasing discovery potential.
QAQC HISTORIC DRILLING (MR 5093)
RUA GOLD is treating the drill results as historic.
The QP has verified the data disclosed, including drill collar location, sampling and analytical information
contained in the written disclosure,
1
.
Data was verified by examination of remaining core in the core-box; confirming intervals, core
splitting and interval handling procedures and logged core descriptions matched original core
logging.
2
.
Verified the core sampling and assay procedures by examining and confirming from the original
assay certificates of SGS and ALS laboratories that the sample numbers recorded matched the
sample intervals logged.
3
.
Verified from original assay certificates stated blanks and certified standards and duplicates were
used and reported, and where deviations outside 2 standard deviations assays have been
repeated.
4
.
Verified that suitable assay methodology for coarse gold was used by both laboratories SGS
Reefton method FASC30T(screen fire assay) and ALS method Au-SCR22AA
(screen fire assay).
5
.
The QP has verified in the zone of exceptionally high-grade gold values that gold is clearly visible in
veinlets within a significant quartz vein.
(c) The QP satisfactorily verified all data used in this disclosure.
The QAQC summarized from the OceanaGold report is as follows:
"Diamond drill samples were generally taken over 1 m intervals and cut in half. Half the core was then
sent to SGS or ALS. Some of the significant reef samples were analyzed at the ALS laboratory in
Townsville for rapid processing and the rest were analyzed at the SGS laboratory in Westport. Due to
the large amount of quartz reef drilled in the first part of the program, a screen fire technique was
introduced at SGS (FAS30T).
ALS Townsville preformed 1 kg screen fire assays (Au-SCR22AA) along with a standard fire assay
procedure (Au-AA26). Diamond core submissions included at the minimum one blank and two
certified standards and at least two lab duplicates taken after coarse crushing of the sample. If both
standard assays from the same hole returned assay values outside two standard deviations of the
actual value, the laboratory was requested to re-assay the job. Assays from dispatches RD131025.1
and RD131106.1 showed significant deviation from standards and checks. These two batches were re-
assayed (RD131025.1R and RD131106.1R respectively).
All assay data was imported into the Reefton project acQuire database directly from laboratory
reports."
Source: Anderson, T., 2014. MP 41164 Globe Progress annual technical report - 2014, OceanaGold Ltd; NZP&M, Ministry of Business, Innovation
& Employment (MBIE), New Zealand. Unpublished Mineral Report MR5093.
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'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 2 million ounces of gold grading between 9 and 50 grams per tonne.
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 15 million ounces of gold and 60
million ounces of silver. Glamorgan is adjacent to OceanaGold Corporation's biggest gold mining
project, WKP.
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
, has reviewed and approved the technical disclosure contained herein.
RUA GOLD Contact
Robert Eckford
Chief Executive Officer
Email:
Website:
www.RUAGOLD.com
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; and the effects and benefits of the Transaction. 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; 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.
Appendices
Historic
Production
Cumberland Camp (Barry, 1993)
Lode
Tonnes
Production
(Au oz)
Recovered
grade (oz/t)
Recovered
grade (g/t)
Scotia
604
1,283
2.1
66.1
Gallant
2,378
759
0.3
9.9
Sir Francis Drake-Happy Valley
17,261
5,810
0.3
10.5
Cumberland
14,120
13,629
1.0
30.0
Exchange-Industry
519
260
0.5
15.6
Source:
Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield. Ministry of Commerce Resource Information Report No. 15.
Reference for historical grades and production:
Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield. Ministry of Commerce
Resource Information Report No. 15.
Reference for Gallant assay results:
Anderson, T., 2014. MP 41164 Globe Progress annual technical report - 2014, OceanaGold Ltd;
NZP&M, Ministry of Business, Innovation & Employment (MBIE), New Zealand. Unpublished Mineral
Report MR5093.
Table 3: Collar for GAL001, historic drill hole.
Drill hole
Easting
(NZTM)
Northing
(NZTM)
Elevation
(RL)
End depth
Azimuth
Dip
GAL001
1508726
5327981
628
123.7
293°
-70°
Projection: New Zealand Transverse Mercator (NZTM) 2000.
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