Issued on behalf of RUA GOLD Inc.
VANCOUVER – Baystreet.ca News Commentary – After soaring past an unprecedented $3,400/oz price point, gold prices are on the rise as the USA’s global economic reputation is under scrutiny. Billionaire investor John Paulson recently predicted gold prices to reach $5,000 per ounce by 2028. Another precious metals authority Mario Innecco also just laid out a compelling case for a potentially explosive gold bull run. JP Morgan continues to stand by its forecast of gold hitting $4,000 per ounce by the second quarter of 2026. But beyond gold itself, investor interest is starting to move towards gold mining equities again, with recent developments coming from RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Lundin Gold Inc. (TSX: LUG) (OTCQX: LUGDF), Gold Resource Corporation (NYSE-American: GORO), Ramp Metals Inc. (TSXV: RAMP), and B2Gold Corp. (NYSE-American: BTG) (TSX: BTO).
Bullish sentiment in the gold sector continues to build, with Morningstar Equity Research highlighting that elevated gold prices are creating a strong backdrop for mining equities. Jefferies has also turned more positive, raising price targets across a range of gold producers ahead of upcoming earnings. Gold’s safe-haven appeal is being reaffirmed in 2025, with both demand and prices trending higher.
New Zealand-focused gold exploration company, RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), has recently reported promising new drill results from its Auld Creek project in the historic Reefton Goldfield. Highlights include 9.0 metres at 5.9 g/t gold equivalent (5.2 g/t Au and 0.16% Sb) from hole ACDDH027, and 1.25 metres at 48.3 g/t AuEq (13.3 g/t Au and 8.1% Sb) from hole ACDDH028. The assays, returned from 80 to 100 metres below the current resource envelope, suggest mineralization is strengthening with depth. Early results are reinforcing the company’s model of a high-grade, south-plunging ore shoot that remains open for expansion.
The Auld Creek project is just one part of RUA GOLD’s broader 2025 exploration campaign across the Reefton district, where the company now controls 95% of the historic goldfield.
RUA Gold is bringing a fresh strategy to one of New Zealand’s most historic gold districts, becoming the first modern explorer to apply advanced geological modeling and AI-driven targeting across the Reefton Goldfield. Early results are validating the approach. At Auld Creek, drilling has already delivered intercepts like 12 metres at 12.2 g/t gold equivalent, including 2 metres at 54.8 g/t gold, while surface sampling has uncovered antimony grades exceeding 40%. Four mineralized shoots have been confirmed to date, but only two are included in the current inferred resource of 700,000 tonnes grading 3.1 g/t gold and 1.1% antimony—leaving substantial room for expansion.
Meanwhile, the 2025 drill season is ramping up across the broader district. Active programs are underway at both Murray Creek and the Gallant prospect within the Cumberland camp. Gallant, a high-priority AI-generated target, lies just 3 kilometres from the historic Globe Progress mine, where OceanaGold produced more than 610,000 ounces between 2007 and 2016, following 424,000 ounces mined before 1950. Gallant is now being tested for potential extensions of a 20.7-metre vein grading 62.2 g/t gold—including a 1-metre interval that assayed 1,911 g/t—while at Murray Creek, visible gold has been observed in the majority of drill holes to date.
RUA GOLD’s ambitions extend well beyond Reefton. On New Zealand’s North Island, the company is advancing its Glamorgan Project, located near OceanaGold’s Wharekirauponga (WKP) deposit. Two large gold-arsenic anomalies, spanning over 4 kilometres, have been mapped at Glamorgan, with rock samples returning assays up to 43 g/t gold. Drill targeting is already underway, positioning Glamorgan as a potential next high-impact discovery.
While gold remains the central focus, antimony is emerging as a strategic wildcard. In January 2025, New Zealand officially added antimony to its Critical Minerals List, spotlighting RUA’s high-grade gold-antimony intercepts at Auld Creek just as global supply pressures are driving prices past US$50,000 per tonne.
With a technical team credited for over $11 billion in past mining exits and $5.75 million in fresh capital, RUA GOLD is executing a clear plan to unlock overlooked, high-grade potential across one of the Southern Hemisphere’s most underexplored gold belts.
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:
Lundin Gold Inc. (TSX: LUG) (OTCQX: LUGDF) recently reported Q1 2025 gold production of 117,313 ounces at its Fruta del Norte mine in Ecuador, an increase from 111,572 ounces in the same period last year. The strong start was driven by higher grades, improved recoveries, and the successful completion of a plant expansion project.
“2025 is off to a strong start, marked by the successful completion of our Plant Expansion Project this quarter,” said Ron Hochstein, President and CEO of Lundin Gold. “As a result of strategic mine resequencing and positive grade reconciliation, we have seen a higher mill head grade, which we now expect to continue through the first half of the year before moderating in the second half. We are also pleased with the initial performance of the process plant, post Plant Expansion Project, in terms of throughput and recoveries and are focused on optimizing performance in the coming quarter.”
The company expects elevated head grades to continue through the first half of the year, with throughput performance trending above expectations post-expansion.
Gold Resource Corporation (NYSE-American: GORO) recently announced the appointment of Armando Alexandri as Chief Operating Officer, succeeding Alberto Reyes. Alexandri is a mining engineer with over four decades of operational experience across Mexico, Chile, Peru, and Ecuador. The company’s leadership emphasized his role in advancing the Don David Gold Mine and maintaining a focus on safety and production improvements. GRC continues to develop its large land position in Oaxaca alongside its Back Forty Project in Michigan.
“[Armando Alexandri] brings more than 40 years of mining experience, with many of those years spent in Mexico,” said Allen Palmiere, President and CEO of Gold Resource. “We believe that his experience, especially in Mexico, will help advance our strategic goal of unlocking the potential of the Don David Gold Mine, improving production, and continuing with our dedication to safety.”
Ramp Metals Inc. (TSXV: RAMP) recently announced that drilling at its Rush target has intersected semi-massive and massive sulphide mineralization, including chalcopyrite and sphalerite, along a 1,100-metre conductive trend.
“We are pleased to announce a potential VMS discovery today,” said Jordan Black, CEO of Ramp Metals. “The presence of semi-massive to massive sulphides containing chalcopyrite and sphalerite within a 1,100-metre conductor represents a highly compelling development and underscores the potential of our exploration program.”
Encouraged by the results, the company has expanded its drilling program to a planned 19–20 holes to further define the potential VMS system. Rush drilling follows strong rock and soil sample results from earlier fieldwork, which included copper grades up to 1.61% and silver grades up to 113 g/t. Ramp continues to advance exploration at its Rottenstone SW property, where a prior discovery returned 73.55 g/t gold over 7.5 metres.
B2Gold Corp. (NYSE-American: BTG) (TSX: BTO) is initiating a significant headcount reduction at its Otjikoto mine in Namibia, where 300 positions will be phased out over 2025 as open-pit reserves near depletion.
“For 2025 we will go down from a permanent head count of 700 to 400 employees,” said John Roos, B2Gold Namibia’s Country Manager. “That means 300 employees will be impacted during 2025.”
The mine, which contributed nearly 25% of B2Gold’s 2024 output with a record 198,142 ounces, will cease open-pit mining this year but continue processing stockpiles into the next decade. Underground operations are projected to continue through 2027, with exploration underway to potentially extend the mine’s life. While Otjikoto winds down, B2Gold continues to operate mines in Mali and the Philippines, and is advancing the Goose project in Canada alongside assets in Colombia and Finland.
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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