Five Reasons You Should Put Rua Gold in Your Portfolio

Five Reasons You Should Put Rua Gold (TSXV: RUA, OTC: NZAUF) in Your Portfolio

Bull Market

Gold is still the risk-on asset of choice. Driven by heightening tensions in the Middle East, easing monetary policies, growing supply constraints, gold prices recently hit record highs, surpassing $2,750 USD per ounce. Analysts project that gold could test even higher price targets, potentially reaching up to $2,800 per ounce if current conditions persist.

Advanced Assets

Rua holds over 120,000 hectares of mining permits in the prolific Reefton Goldfield on New Zealand’s South Island.  The region is known for its history of high-grade orogenic gold production, with a past yield of two million ounces at grades of 9-50 grams per tonne (g/t) Au.

There are seven past producing mines That are untested at depth, each of these prospects have significant high-grade historical production. History aside, exciting results from the last few years of exploration is the greenfields discovery of the Pactolus quartz vein from which sampling and assays to date have revealed high-grade gold.

There is also a neighboring active gold project, Federation Mining’s Blackwater Mine, which demonstrates gold mineralization continuity down to 1,500 meters and beyond, setting a potential blueprint for RUA’s projects.

Moving to the North Island of New Zealand, Rua’s has the Glamorgan project which rests within the Hauraki Goldfield. Hauraki is known for epithermal gold deposits, with a historic production of over 15 million ounces of gold and 60 million ounces of silver, with grades ranging from 15-30 g/t Au.

Glamorgan is promising, with a 3.8 km-long zone showing surface rock samples containing up to 95 g/t gold. This site shows classic indicators of a high-grade epithermal gold-silver system, enhancing its prospectivity. Not only that, but it is also right next to OceanaGolds WKP project which has identical surface features and where they have proven up over a million ounces at 15.9g/t gold.

Location

New Zealand has become a top global mining jurisdiction. The recently proposed Fast Track Approvals Bill is looking to reduce the permitting timelines from what was 3- 5 years, down to six months. This legislation is meant to propel the government’s goal of doubling mining exports within a decade. Combine that with the low sovereign risk and a stable regulatory environment and you have the perfect mix for mineral discovery.

In terms of geology, it could be said that ‘thar’s gold in them thar hills’, as New Zealand has a tremendous untapped gold discovery potential with recent finds such as Santana Minerals Bendigo-Ophir project in Central Otago which hosts an estimated three million ounces of Au. This bodes well as Rua Gold is actively expanding its exploration footprint in this region’s historically productive and under-explored regions.

Growing portfolio

Rua isn’t sitting on its laurels. It is constantly working to expand its portfolio with even more key assets. This is most recently illustrated by Rua’s strategic transaction with Siren Gold (ASX:SNG). The deal makes Rua the largest landholder in the Reefton Goldfield, upping its holdings to a whopping 119,584 hectares.

Covering 90% of the region, Rua now has permits, access, and consents in place for aggressive drilling following a district-wide reassessment of targets and potential on the combined land package which includes all known past production camps outside of Blackwater and the Globe Progress mine.

Power Player

With the Siren deal in place, Rua will be able to leverage economies of scale as well as increased governmental influence as it develops its wealth of past-producing assets into production once again, providing shareholders a relatively de-risked path to significant long term value enhancement.

Get in touch so you can get on board with RUA Gold today!
TSX-V: RUA | OTC: NZAUF
https://ruagold.com/

_{This article is for informational purposes only and should not be considered financial advice. Investing in the stock market involves inherent risk, and past performance is not indicative of future results. Always conduct thorough research and consult with a qualified financial advisor before making any investment decisions. Financial Gambits has not been compensated for publishing this content. All data is taken from public sources and believed to be accurate. Please view our full disclaimer here}