RUA Gold drills Glamorgan, advances Reefton toward production
Malibu, CA, United States (ABN Newswire) - RUA Gold (TSE:RUA) (NZE:RGI) (OTCMKTS:NZAUF) (FRA:X9R) CEO Robert Eckford joins Ellis Martin for an important update as the company advances two very different opportunities in New Zealand, exploration at Glamorgan on the North Island and potential mine development at Reefton on the South Island. RUA Gold has now received a five-year permit to drill Glamorgan, a previously undrilled epithermal gold system in New Zealand's prolific Hauraki Goldfield. The company is planning approximately9,000 metres of drilling, with Sutcliffe and Wires Ridge among the priority targets. Eckford discusses why the geological and geophysical signatures at Glamorgan have his team excited and the importance of having veteran geologist Simon Hendersoninvolved. Henderson has decades of experience in the district, including his role in the discovery of Wharekirauponga (WKP). Meanwhile, RUA continues moving Reefton toward potential production. The project has qualified for New Zealand'sFast-track Approvals process, while RUA advances additional drilling, a PFS and its mine application. Eckford also discusses something particularly important for investors: how RUA could finance development without relying exclusively on equityand excessive shareholder dilution. His preferred approach could incorporate a combination of offtake financing, debt and equity, including the potential strategic value of Reefton's antimony. And the company says it currently has approximately $30 million in the bank to execute its existing program. In this interview: - Glamorgan receives its five-year drilling permit - Approximately 9,000 metres of drilling planned - Why Sutcliffe and Wires Ridge are priority targets - Thegeological similarities to WKP - Reefton and New Zealand's Fast-track Approvals process - PFS and mine application targeted for Q4 - The economics of a smaller, high-grade gold mine - Gold and antimony exposure - Financing development while managing dilution - Major catalysts anticipated over the next six months Eckford describes himself as a mine builder, not simply an explorer. And when Ellis asks whether he (Eckford) intends to build Reefton, his answer is unequivocal: "100%." To view the interview, please visit; https://youtu.be/LDhHDdt9gOA
About Rua Gold Inc: Rua Gold Inc. (TSE:RUA) (NZE:RGI) (OTCMKTS:NZAUF) (FRA:X9R) is a gold and critical minerals exploration and development company focused on New Zealand. The company is advancing the Auld Creek Gold-Antimony Project within the historic Reefton Goldfield on New Zealand's South Island while also expanding exploration activities across the highly prospective Glamorgan Project on the North Island. Rua Gold Inc. combines traditional prospecting knowledge with modern exploration technologies and is supported by an experienced management and technical team with a history of building and financing successful mining operations globally. The company is focused on advancing high-grade gold opportunities while positioning antimony production as a strategic supply opportunity for Western markets. About The Ellis Martin Report: The Ellis Martin Report (TEMR) and Money Talk Radio feature interviews with industry leaders in mining, biotech, energy, and technology. The program is globally syndicated through multiple financial platforms and streaming services.
Source: Rua Gold Inc The Ellis Martin Report
Contact: RUA GOLD Inc. Robert Eckford - CEO and Director Email: reckford@ruagold.com Phone: +1 604-655-7354 General Company Email: info@ruagold.com New Zealand Contact - Simon Delander VP, Risk, Stakeholder and Regulatory Affairs Email: sdelander@ruagold.com Registered Office 1055 West Georgia Street, Suite 1500 Vancouver, BC V6E 4N7 Canada
ABN/Asia Business Newswire
August 12, 2026 - 11:01 PM PDT
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