Rua Gold's Exploration in Reefton Reveals Significant Gold Potential
Rua Gold has announced promising results from its exploration activities at the Reefton Project in New Zealand. The company has conducted drill and surface sampling across the project, revealing what it describes as a 'district-scale opportunity.' At the Supreme deposit, drill results indicate that the system remains open at depth and along strike, with soil geochemistry suggesting potential extensions to the north. Notably, Hole SPDDH002 returned 3.1 meters at 3.2 grams per tonne gold from 202 meters and 7 meters at 1.2 grams per tonne gold from 230 meters. Additionally, Hole SPDDH003 confirmed the presence of high-grade gold, with results including 0.9 meters at 26.9 grams per tonne gold from 178 meters. The Caledonian deposit also showed promising results, with drilling intersecting the targeted quartz reef structure and confirming the presence of mineralization. Rua Gold's CEO, Robert Eckford, highlighted the strength of the company's regional exploration strategy and the potential for resource growth ...