Issued on behalf of RUA GOLD Inc.
VANCOUVER – USA News Group News Commentary – Gold, and more importantly, gold stocks are on the move again. Analysts are raising their gold price forecasts, prompting a wave of revised valuations across mining coverage, including Goldman Sachs whose optimistic forecasts bolstered both senior and junior mining stocks and bringing the precious metal back into favour with investors. Among the names in the gold mining space making recent headlines are RUA GOLD Inc.(TSXV: RUA) (OTCQB: NZAUF), Robex Resources Inc. (TSXV: RXB) (OTCPK: RSRBF), IAMGOLD Corporation (NYSE: IAG) (TSX: IMG), Orla Mining Ltd. (NYSE-American: ORLA) (TSX: OLA), and Equinox Gold Corp. (NYSE-American: EQX) (TSX: EQX).
Gold just delivered its strongest quarterly performance in nearly 40 years, according to Barron’s. As of Wednesday, prices are holding steady above $3,120 per ounce — up more than 18% since the start of the year. The record-breaking rally has reignited momentum across the mining sector and is drawing fresh attention from investors.
RUA GOLD begins drilling at Cumberland target in the Reefton Goldfield, following up on a 20.7m intercept of 62g/t (2oz/t) gold
RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), a New Zealand-focused gold exploration company, today announced the commencement of drilling at its Cumberland gold camp within the historic Reefton Goldfield. The program aims to follow up on a previously reported 20.7-meter quartz vein grading 62.2 g/t gold, including a remarkable 1-meter interval at 1,911 g/t gold (60/t ounces per tonne).
Located approximately 3 kilometers south of the past-producing Globe Progress mine, the Gallant prospect at Cumberland is the first target selected using the company’s AI-assisted VRIFYtargeting system. RUA GOLD has modeled the true width of the vein at 8 meters and confirmed mineralization at surface over a 600-meter strike, encompassing seven historic mines with past production averaging 26.1 g/t gold. The current drilling campaign aims to systematically test this 2-kilometer corridor.
“The Gallant prospect represents the first VRIFY target to be drilled in 2025; it has compelling historical high grade gold, lies in structurally complex steeply folded sequence of rocks, is traceable on surface over 600m, and remains largely untested along strike and at depth,” said Simon Henderson, COO of RUA GOLD. “Easily accessible via a 4wd track, and just 3km south of a major road Gallant has logistical simplicity for testing and potential development.”
This initiative builds upon a series of recent developments for RUA GOLD. In January, the company reported visible gold at its Murray Creek target, along with a significant gold-antimony interval of 0.3 meters grading 27.2 g/t gold and 1.35% antimony. Notably, antimony was recently added to New Zealand’s official Critical Minerals List, underscoring the strategic importance of RUA GOLD’s antimony resources.
“It is very encouraging to be intercepting gold on the majority of our targets in the Reefton Goldfield,” said Robert Eckford, CEO of RUA GOLD at the time of the release. “Murray Creek has delivered vertical continuity and visible gold on every hole and even more exciting as we start seeing visible antimony on this target. The drill program is progressing nicely and with the navi-drilling team in place and two main holes complete, we can start building structure with our 20m spaced drill program. The near surface gold results at Capleston also indicate there is potential for early development opportunities.”
In February, RUA GOLD completed a C$5.75 million financing, which is now being utilized to fund aggressive, data-driven drilling across its 120,000-hectare land package. Additionally, the company reported new intercepts from its Auld Creek zone, including 12 meters at 12.2 g/t gold equivalent, with a higher-grade section of 2 meters at 54.8 g/t gold.
On the North Island, RUA GOLD is advancing its Glamorgan Project, adjacent to OceanaGold’s 1.4-million-ounce Wharekirauponga (WKP) deposit. Early-stage exploration has identified two large-scale gold-arsenic anomalies spanning more than 4 kilometers, supported by surface rock samples returning up to 43 g/t gold. Targeting and geophysical surveys are currently underway, setting the stage for drilling later this year.
With a leadership team that has delivered over $11 billion in mining exits, a newly consolidated district-scale position in Reefton, and AI-enhanced exploration capabilities, RUA GOLDis poised to become a prominent player in the gold exploration sector in 2025.
CONTINUED… Read this and more news for RUA GOLD at:https://usanewsgroup.com/2025/04/02/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/
In other industry developments and happenings in the market include:
Robex Resources Inc. (TSXV: RXB) (OTCPK: RSRBF), a West African gold producer and developer, recently announcedthat construction of its Kiniero Gold Project in Guinea remains on schedule and on budget. The company expects first gold production in Q4 2025, with a 2026 target of 155,000 ounces.
“Kiniero continues to progress to schedule and budget and we remain on track to achieve first gold pour at the project in Q4 2025,” said Matthew Wilcox, CEO of Robex. “It is exciting to see this project taking shape, and our teams working together in a safe and responsible manner to achieve this deadline. It continues to be incredibly busy on site with many key aspects of the project now coming into play. We are keeping a close eye on our targets to ensure they remain achievable as we work towards first gold by the end of the year.”
Key milestones have been achieved, including the completion of mill foundations, tank construction, and over 90,000 square meters of tailings facility lining. Grade control drilling has begun, and the company is actively mobilizing contractors as it moves into the next phase of development.
IAMGOLD Corporation (NYSE: IAG) (TSX: IMG), a mid-tier Canadian gold producer with operations in North and South America, recently announced it will receive up to C$1.48 million in government funding to support electrification at its Côté Gold mine in Ontario from the Government of Canada. The funds, granted through Canada’s Low Carbon Economy Fund, will help replace diesel-powered equipment with electric dewatering pumps and lighting towers, while also upgrading on-site electrical infrastructure.
“Reducing emissions and protecting our planet takes bold and innovative action,” said Hon. Steven Guilbeault, Canada’s Minister of Environment and Climate Chage. “The Low Carbon Economy Fund is supporting cleaner energy solutions that can decarbonise key industries, like the mining sector. IAMGOLD’s electrification project is another example of how we can advance sustainable practices in key sectors when we work together.”
These changes are expected to cut 7,500 tonnes of CO₂ emissions by 2030 and improve energy efficiency across the mine. The project aligns with IAMGOLD’s broader sustainability strategy and the mine’s long-term shift toward low-carbon operations.
Orla Mining Ltd. (NYSE-American: ORLA) (TSX: OLA), a gold producer with operations in Mexico, Canada, and Nevada, recently launched a $25 million exploration program aimed at expanding reserves and extending the mine life at its Musselwhite Mine in Ontario. The campaign includes 35,000 metres of underground drilling and 10,000 metres of directional surface drilling to target high-grade gold beyond current reserves.
“We are thrilled to launch this long-overdue, ambitious exploration program at Musselwhite,” said Sylvain Guerard, Orla’s Senior Vice President, Exploration. “Our primary objective is to intersect mineralization beyond the current reserves and resources along the down-plunge extension of the mine trend, demonstrating the potential to extend mine life well beyond 2030. We will also continue underground drilling and reactivate surface drilling near the mine to further expand resources and demonstrate the potential for mine life extension and expansion.”
Historical drilling in the PQ Deeps area confirmed significant mineralization up to 3 km beyond the existing resource, with intercepts reaching as high as 33.6 g/t gold over 4.1 metres. Orla is also planning 6,500 metres of near-mine surface drilling in H2 2025 to define additional mill feed and support long-term expansion at Musselwhite.
Back in late February, Equinox Gold Corp. (NYSE-American: EQX) (TSX: EQX) announced a definitive agreement to acquire Calibre Mining, forming a new powerhouse gold producer across the Americas. The combined entity, which continued under the Equinox Gold name, is set to become Canada’s second-largest gold producer, anchored by the 100%-owned Greenstone and Valentine mines. With production forecasted at 950,000 ounces in 2025—and capacity to exceed 1.2 million ounces—the new company will operate mines across five countries and benefit from a deep development pipeline.
“Great companies are built on strong foundations and strong teams,” said Ross Beaty, Chair of Equinox. “The combination of Equinox and Calibre brings together two new Canadian cornerstone gold mines, Greenstone and Valentine, a portfolio of operating gold mines in the Americas, and two excellent operating teams to create a gold mining powerhouse. With improved scale, diversification and financial strength, New Equinox Gold will be well positioned to deliver long-term value to its shareholders. I’m really excited about our future as a great new major gold mining company.”
Led by a veteran board including Ross Beaty and Featherstone Capital’s Blayne Johnson and Doug Forster, Equinox Gold is positioning itself for scale, growth, and a meaningful re-rate in the current gold cycle.
Article Source: https://usanewsgroup.com/2025/04/02/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/
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