Drill Results Routine +

A New Zealand Goldfield Is Quietly Becoming a Critical-Minerals Story -- and the Drills Are Running 24/7

Nevgold drills ahead of schedule at Auld Creek as fast-track permitting nears decision and the PFS timeline holds.

By The Northwire Desk — AI Analysis Jun 18, 2026 · 08:47 NAU · 2.41 Nevgold Corp.

Executive Summary

RUA GOLD Inc. reports that its Auld Creek gold-antimony project in New Zealand has reached the halfway mark of its 19,000-metre drill program.
The 100th hole has been collared with approximately 10,000 metres completed ahead of schedule.
Recent drilling confirms strong grade continuity and expansion potential over a 1,000+ metre strike length and depths beyond 500 metres.
The company is targeting a Pre-Feasibility Study (PFS) for completion in Q4 2026.
Permitting is advancing under New Zealand’s Fast-Track approvals regime, with a government referral decision expected in July 2026.
Bulk sampling and geotechnical studies are underway to feed directly into the upcoming PFS.
Scout drilling is active at Alexander River and Big River targets to support a long-term multi-mine/central mill development model.
Over 30 consultants and independent advisors are engaged, with more than 500 stakeholder engagements recorded since late 2025.

Material Impact

The news is a routine operational update confirming that the 2026 drill program is progressing ahead of schedule.
Reaching the halfway mark with 100 holes collared validates the company's exploration model and supports the timeline for the upcoming PFS.
The discovery of grade continuity over a 1,000+ metre strike length and depths beyond 500 metres adds to the resource confidence but does not represent a sudden, unexpected discovery that would materially alter the project's economics overnight.
The Fast-Track referral decision in July 2026 is a known milestone. Progress here is expected and aligns with management's guidance.
Overall, the update de-risks the path to the PFS but does not contain genuinely new, market-moving information that would trigger a significant re-rating of the stock.

NAU · Price

Company Overview

RUA GOLD Inc. is a junior mining company focused on the Auld Creek gold-antimony project located in the Reefton Goldfield of New Zealand.
The flagship project features a dual-metal production profile (gold and antimony) and is advancing toward a PFS.
The company is leveraging New Zealand's Fast-Track approvals regime to accelerate permitting and development timelines.
The project aims to establish a domestic critical minerals supply chain, capitalizing on the strategic importance of antimony.

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