Rua Gold (TSX:RUA) has filed for an independent technical report for its Reefton Project on the South Island and Glamorgan Project on the North Island of New Zealand.
The company intends to undertake a preliminary economic assessment (PEA) study during H1 2026 precursor to a Prefeasibility Study in H2 2026.
Engineering consultancy Pitch Black Group has been engaged to advise on advancing metallurgical test-work and processing studies for the Auld Creek Project, while global mining consultancy Mining One has been engaged to undertake underground mining study.
COO Simon Henderson says since November 2024, drilling has prioritised the Auld Creek Project to advance one project toward a mine development phase.
“With gold-antimony mineralisation outcropping at surface, and continuing unconstrained at depth and along strike northward, Auld Creek presents a compelling opportunity to establish a central processing hub for high grade gold and gold -antimony projects within a 30 km range,” Henderson says.
“The 19,000m drill program, and additional regional projects at Alexander, Big River, Golden Treasure and Fiery Cross to be tested in the 2026 year provide both resources and excitement in the exploration team to revitalise the Reefton gold district.”
The upcoming 19,000m drill program aims to infill and increase the resource confidence to the inferred category, which remains open 400m to the north and unconstrained at depth.
Rua Gold controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2 million ounces of gold grading between 9 grams per tonne and 50g/t.
The Glamorgan Project is located within the North Islands’ Hauraki district, a region that has produced 15 million ounces of gold and 60 million ounces of silver. Glamorgan is adjacent to OceanaGold Corporation’s (TSX:OGC) biggest gold mining project, Wharekirauponga.
Write to Aaliyah Rogan at Mining.com.au
Images: Rua Gold
