Gold Momentum Pushes Mining Shares Toward New Highs
Issued on behalf of RUA GOLD Inc.
VANCOUVER – Baystreet.ca News Commentary – Gold’s latest rally is gaining speed and lifting mining stocks along the way. Reuters reports the TSX Mining Index is edging back toward a recent record as producers and explorers ride bullion’s momentum. Ongoing Iran–Israel friction, even under a fragile cease-fire, keeps gold in the safe-haven spotlight, and gold bulls appear relaxed ahead of Federal Reserve Chair Jerome Powell’s July testimony. Against this backdrop, retail investors are digging into fresh opportunities, turning their attention to RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Miata Metals Corp. (CSE: MMET) (OTCQB: MMETF), Perpetua Resources Corp. (NASDAQ: PPTA), Snowline Gold Corp. (TSXV: SGD) (OTCQB: SNWGF), and Seabridge Gold Inc. (NYSE: SA).
Ammar Al-Joundi, CEO of Agnico Eagle Mines Ltd. (TSX: AEM), says the only reason to own a gold stock is if it can outpace the metal itself. With gold brushing record highs and silver surging past multi-year ceilings, investors are starting to flow into junior miners as the next stage of the precious-metals rally.
RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) today announced it had closed a C$13.8 million brokered offering, including the full exercise of an over-allotment option, helping the company to further advance its portfolio of high-grade, district-scale gold and antimony assets in New Zealand.
“For the first time, RUA GOLD is fully funded to execute all of our exploration plans over the next 12 to 18 months” said CEO, Robert Eckford. “Since listing the Company last year, we have accelerated both the Reefton Project on the South Island, and Glamorgan Project on the North Island of New Zealand.”
Prior to the announcement, the company recently reported deeper success at its Auld Creek project, where step-out drilling has extended high-grade mineralization 120 metres below the current inferred resource. Hole ACDDH033 intercepted 2.1 metres at 64 g/t AuEq (5.5 g/t gold and 13.1% antimony), increasing the vertical extent of the system from 160 metres to over 280 metres. Multiple targets remain untested, including a 2.5-kilometre gold-in-soil trend to the northwest of the existing Bonanza and Fraternal shoots.
“With the addition of a cornerstone 9.9% investor, we have strengthened our support base, enabling a two-pronged strategy: the continuation of an aggressive drill campaign at the Reefton Project, and the planned commencement of drilling at the Glamorgan Project in Q4 2025,” added Eckford. “Both strategies are designed to highlight the exceptional geological potential of New Zealand, supported by a very significant financing.”
The latest results at Auld Creek, continually demonstrate the robustness of the gold–antimony system. Earlier intercepts include 9.0 metres at 5.9 g/t AuEq and 1.25 metres at 48.3 g/t AuEq — with previous drilling returning 12 metres at 12.2 g/t including a 2-metre interval at 54.8 g/t. Only two of four known mineralized shoots are currently modeled. RUA’s strategy includes expanding inferred resources along strike and at depth while also evaluating the critical metals component of the system.
“This is an exciting development to see high-grade gold-antimony mineralization at Auld Creek that is 120 m deeper than the current resource,” said Eckford. “Proving out continuity at depth and growing this resource will be a key focus of drilling in the next quarter, while simultaneously drilling the Cumberland-Gallant deposit 3 km to the south.”
Three kilometres south of Auld Creek, RUA GOLD is drilling the Gallant prospect inside its Cumberland licence. New hits, such as 1 m @ 26.9 g/t and 1 m @ 16.2 g/t gold, added to earlier assays of 62.2 g/t and a spectacular 1 m @ 1,911 g/t, confirming shallow continuity along the 600 m-long Gallant vein. Gallant is the company’s first VRIFY AI–generated target, and step-outs are planned along a two-kilometre structural corridor tied to Cumberland.
Antimony’s 2025 spot price has jumped past US$50,000/t after China imposed export controls, and New Zealand now classifies the metal as “critical.” That backdrop sharpens Auld Creek’s gold-plus-antimony appeal: surface samples top 40 % Sb and multiple holes exceed 8 % Sb—grades seldom reported this early by juniors.
RUA controls about 95% of the historic Reefton Goldfield, which produced over two million ounces at 9–50 g/t. Its hub-and-spoke plan aims to truck near-surface, high-grade feed to a central mill as new data expand each spoke.
North-island flagship Glamorgan spans a four-kilometre gold-arsenic anomaly in the Hauraki belt that hosts the 10 Moz Martha mine. Rock chips grade up to 43 g/t gold, CSAMT surveys outline vein-style resistors, and drill access is in final approval after VRIFY’s DORA AI refined targets.
With the oversubscribed $13.8M financing complete and a leadership team behind US$11 billion in past mining exits, RUA GOLD is funding multiple near-surface programs through H2 2025, positioning both gold and antimony as twin growth levers.
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:
Miata Metals Corp. (CSE: MMET) (OTCQB: MMETF) has kicked off the first drill program at the Puma target on its 215 km² Sela Creek project in Suriname, focusing on a 2.7 km-long, 400 m-wide corridor outlined by soil data and high-grade surface samples. The maiden hole cut a 60 m oxide zone from surface, and at least 2,000 m of the planned 10,000 m campaign are earmarked for Puma while assays from the Golden Hand target remain pending.
“We are excited to have started drilling at Puma, a high-priority target from our initial modeling and now confirmed by all the mapping and sampling in the area to date,” stated Dr. Jacob Verbaas, CEO of Miata. “We believe Puma’s 2.7 kilometre strike length and high-grade surface sampling are testament to the target’s discovery potential. With the first hole underway and multiple drill pads already prepared, we intend to unlock Puma’s value by the drill bit over the coming weeks. With assays pending from Golden Hand and a robust exploration pipeline, Miata is entering a catalyst-rich period for its shareholders”
Puma sits closest to the region-spanning Central Guyana Shear Zone, adding structural support for a potentially large gold system.
Perpetua Resources Corp. (NASDAQ: PPTA) recently secured US$425 million in new equity, giving it a major portion of the cash required to build the Stibnite Gold Project in Idaho. The raise, split between a US$325 million share sale and a US$100 million investment from Paulson & Co., helps the company qualify for a low-interest Export-Import Bank loan of up to US$2 billion that is still under review.
Management is also arranging a government guarantee and a royalty or streaming deal to cover bonding and possible cost overruns while it finishes the last state permits expected this summer. If those elements come together, construction could start late 2025, delivering a new U.S. source of both gold and the defense-critical metal antimony.
Snowline Gold Corp. (TSXV: SGD) (OTCQB: SNWGF) has started a fully funded 30,000-metre drill and field campaign in Yukon, using five rigs. Roughly 20,000 metres will upgrade and expand the Valley gold deposit, while 10,000 metres will test at least five additional targets on the Rogue, Cynthia and Einarson projects.
"While the Valley gold deposit remains open to further expansion, the scale and the quality of the near-surface resource discovered to date make rapid advancement of the current resource a key value driver for Snowline," said Scott Berdahl, CEO and Director of Snowline. "We are fortunate to own such an asset. We are working hard on multiple fronts to advance this opportunity for our shareholders towards feasibility studies while setting groundwork for successful project permitting. This is of course in addition to the significant exploration upside remaining in the vicinity of the Valley deposit and regionally in our surrounding, district-scale project portfolio, which we will continue to explore in 2025 with multiple drills on multiple targets."
These results will feed engineering studies, environmental work and a planned Preliminary Economic Assessment later this year.
Seabridge Gold Inc. (NYSE: SA) has begun an 8,000-metre drill campaign at its Iskut Project in British Columbia’s Golden Triangle, deploying three helicopter-portable rigs. The work targets last year’s Snip North copper-gold discovery with the goal of outlining a maiden resource and tracing the deeper porphyry system believed to feed it along the Bronson Trend.
"Last year's discovery at Snip North has given us clear direction on where to focus to deliver new resources in this year's program,” said Rudi Fronk, Chairman and CEO of Seabridge. “That's our first priority. We are also targeting the source intrusion for this prospective resource which we expect to be rooted in a district-scale structural trend, named the Bronson Trend, containing newly recognized additional porphyry targets. The systems at Iskut are similar in size to our nearby KSM deposits which have strike lengths in the thousands of meters and width/depth dimensions of many hundreds of meters."
Backed by a fully funded C$13.4 million budget, the program sits just 30 km from the company’s flagship KSM district and could add a second growth centre.
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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