Northwire Canada EditionSunday, July 26, 2026
Northwire
B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Drill Results Material +

RUA GOLD Reports High-Grade Gold Results from Supreme and Caledonian in the Reefton Goldfield, New Zealand

Exploration upside

Executive Summary
  • On April 7 2026 Rua Gold reported step‑out drilling results at the Supreme and Caledonian zones of the Reefton Goldfield, New Zealand.
  • Supreme: new holes extended the known strike length to ~400 m and depth to ~230 m; highlighted intercept SPDDH003 returned 0.9 m @ 26.9 g/t Au (second‑highest ever at the prospect). The existing NI 43‑101 inferred resource for Supreme remains 1.46 Mt @ 1.96 g/t Au (92 koz Au) and does not yet incorporate these results, indicating clear upside.
  • Caledonian: a 1,579 m drilling program intersected several significant intervals, including CLDDH005 – 4.0 m @ 6.9 g/t Au (with a 1 m @ 11.5 g/t Au high‑grade zone), demonstrating continuity of mineralisation beneath historic mine workings and supporting further resource growth.
  • Both targets show quartz‑vein/reef structures with arsenopyrite and sulphide mineralisation, suggesting coherent hydrothermal systems open to the north, along strike and at depth.
  • The company plans additional step‑outs to test northern, strike‑wise and deeper extensions at Supreme and will reassess Caledonian after integrating new structural data into a 3‑D model.
Material Impact
  • The news provides genuinely new, high‑grade intercepts that expand the known mineralised envelope beyond the current NI 43‑101 resource base.
  • While the formal resource estimate has not yet been updated, the disclosed extensions (strike to 400 m, depth to ~230 m) and multiple bonanza‑grade shots imply a potential increase of several hundred thousand ounces of gold‑equivalent if confirmed.
  • This upside is material relative to the company’s current market cap (~CAD 116 M) and modest existing resource (92 koz Au), representing a significant positive shift in valuation prospects.
  • The results are consistent with the company’s stated exploration strategy and follow a series of funded drill programs, but the grade and scale of the new intercepts exceed typical incremental updates, qualifying as a material positive development.
RUA · Price
Company Overview
  • Rua Gold Inc. is a Canadian‑listed explorer focused on gold‑antimony projects in New Zealand’s historic Reefton Goldfield (South Island) and the Glamorgan Project (North Island).
  • Flagship asset: Reefton Goldfield – encompasses the Auld Creek, Supreme, Caledonian, Fraternal and other prospects. The district historically produced >2 Moz Au at ~9‑15 g/t.
  • Recent work has outlined a clear development pathway: expand resources via drilling, complete a PEA on Auld Creek (gold‑antimony) in H1 2026, pursue a Fast‑Track2 mining permit referral, and advance toward production.
Read the original news release →

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