Rua Gold Inc - Mining Stock Analysis & Updates
Latest News and Market Performance for Rua Gold Inc
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Rua Gold Completes the Acquisition of Siren Gold's Reefton Assets and Becomes the Dominant Reefton Goldfield Explorer
Rua Gold Inc. has announced the successful acquisition of Reefton Resources Pty Limited, a subsidiary of Siren Gold Ltd. This transaction expands Rua Gold's tenement package to cover over 95% of the Reefton Goldfield. CEO Robert Eckford sees this as a significant milestone in the company's growth, creating the chance to develop a world-class mining operation in the underexplored area. The company is also advancing the Auld Creek gold project and has mobilized a third drilling rig on the site while continuing operations at Murray Creek. Further targets are being assessed using the VRIFY AI targeting methodology.
Rua Gold Intersects Visible Gold and Confirms Downhole Continuity of High-Grade Gold Mineralization at Murray Creek, Reefton
Rua Gold Inc. has made progress in its drilling campaign at the Reefton Project in New Zealand, with the completion of the second hole testing of the Victoria lode. The test intersected the targeted gold vein at 388m down hole and included visible gold of 0.2m at 34.1g/t. The company has also started a series of wedged daughter holes to further investigate the unmined reef down dip and along strike. The CEO of Rua Gold, Robert Eckford, is optimistic about the results and the future of the project.
Rua Gold Announces Siren Shareholders Vote to Approve Acquisition of Reefton Resources Pty Limited
Vancouver-based Rua Gold Inc. announced that its proposed acquisition of Reefton Resources Pty Limited has been approved by Siren Gold Ltd.'s shareholders. Reefton, a fully owned subsidiary of Siren, has tenements next to Rua Gold's properties in New Zealand's Reefton Goldfield. The acquisition is expected to complete in November 2024, subject to final approval from the TSX Venture Exchange and customary closing conditions. The merger aims to create a large-scale exploration opportunity covering some of the highest-grade gold and antimony assets in the world, with the combined company benefiting from local teams and Siren's chairman joining Rua Gold's board.
Rua Gold Responds to OTC Markets Request on Recent Promotional Activity
Rua Gold Inc. has been asked by the OTC Markets Group to address promotional activities related to its common shares. These activities, which include the distribution of four email newsletters, were part of advertising agreements signed with Gold Standard Media on April 15 and October 11, 2024. The newsletters discussed Rua Gold, its business, the economy, and the gold market. Rua Gold was aware of these promotional activities and paid for them through its engagement with Gold Standard. The company's relationship with Gold Standard and the compensation details were publicly disclosed in April and October 2024.
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