Northwire Canada EditionFriday, July 10, 2026
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GRSL 0.320 +6.7% DEX 0.385 −1.3% WMS 0.040 +0.0% EMPR 0.820 −4.7% SAGA 0.480 −2.0% ABX 52.22 +3.3% CGM 0.250 +2.0% OGN 3.38 +0.6% ALS 62.23 +2.5% JZR 0.235 −6.0% TECT 2.18 +6.9% EQX 13.81 +3.1% OLA 13.79 +3.2% LME 0.190 +0.0% MNO 1.65 +0.0% DML 4.49 +2.0% GRSL 0.320 +6.7% DEX 0.385 −1.3% WMS 0.040 +0.0% EMPR 0.820 −4.7% SAGA 0.480 −2.0% ABX 52.22 +3.3% CGM 0.250 +2.0% OGN 3.38 +0.6% ALS 62.23 +2.5% JZR 0.235 −6.0% TECT 2.18 +6.9% EQX 13.81 +3.1% OLA 13.79 +3.2% LME 0.190 +0.0% MNO 1.65 +0.0% DML 4.49 +2.0%
Drill Results Routine +

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

Southern Cross is advancing its New Zealand gold project with continuous drilling operations targeting critical minerals and high-grade intercepts.

By The Northwire Desk — AI Analysis Jun 18, 2026 · 08:47 SXGC · 9.65 Southern Cross Gold Consolidated Ltd.
Executive Summary
  • RUA GOLD Inc. has completed approximately 10,000 metres of its 19,000-metre drilling program at the Auld Creek gold-antimony project in New Zealand, reaching the halfway mark ahead of schedule.
  • Operations are running 24/7, with full program completion targeted for early September 2026.
  • Recent drilling confirms strong grade continuity and expansion potential, highlighted by intercepts of 2.7 metres at 7.6 g/t AuEq and 10.1 metres at 2.2 g/t AuEq.
  • The company is advancing toward a Pre-Feasibility Study (PFS) targeted for Q4 2026, supported by a lodged Fast-Track permitting referral (decision expected July 2026), bulk sample metallurgical testing, and expanded regional exploration.
  • Over 30 consultants and independent advisors are engaged for environmental, social, and economic assessments, with more than 500 stakeholder engagements since late 2025.
  • Scout drilling is testing a 2,500-metre length of surface anomalies, and a fifth drill rig is active at regional Alexander River and Big River targets.
Material Impact
  • The update is a routine operational follow-up to the May 2026 Preliminary Economic Assessment (PEA) and the April 2026 Fast-Track Referral application.
  • Drilling progress being ahead of schedule and the confirmation of grade continuity are expected milestones that de-risk the upcoming PFS.
  • No new material surprises, financing announcements, or changes to project economics were disclosed. The news reinforces management's execution capability and timeline adherence.
SXGC · Price
Company Overview
  • RUA GOLD Inc. is a Canadian exploration and development company focused on the Auld Creek Gold-Antimony Project, located in the Reefton Goldfield of New Zealand's South Island.
  • The flagship project is a 100%-owned underground gold-antimony asset.
  • A PEA released in May 2026 outlined a 5.5-year underground operation producing separate gold and antimony concentrates, with an after-tax NPV5% of ~US$42 million at base-case prices and ~US$113 million at spot gold prices.
  • The project targets a no-cyanide flowsheet with 95% gold and 85% antimony recoveries.
  • The company has lodged a Fast-Track Referral application under New Zealand's expedited permitting regime, aiming for a PFS in Q4 2026 and full permitting in Q2 2027.
Read the original news release →

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