Ellis Martin Report: RUA Gold (NZAUF) Reports High Grade Gold and Antimony Results at Auld Creek
Original announcement by orestocks on
- Company
- Rua Gold Inc.
- Ticker
- RUA
- Exchange
- Unavailable
- Region
- New Zealand
- Primary commodity
- Gold
- Secondary commodities
- Antimony
- Document categories
- Drill results, Metallurgy, Other
- Extracted
- 2026-10-06 09:03:43 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Rua Gold reported high-grade gold intercepts at the Auld Creek project, including 0.03m at 69.2 g/t Au. The company also highlighted significant antimony mineralization and reported 85% antimony recovery through a conventional flotation circuit.
Reasoning: The release reports high-grade gold intercepts and significant antimony mineralization, alongside metallurgical recovery results, supporting project advancement.
Positive factors
- High grade gold intercepts reported
- Significant antimony mineralization noted
- Metallurgical recovery stated at 85%
- Transitioning from infill to step-out drilling
Negative factors
- Antimony is a penalty element
- Production timeline subject to permitting
Facts used in scoring: 4
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release mentions metallurgy is well understood and uses conventional flotation, but does not explicitly detail specific QA/QC protocols like blanks or standards in this text.
Evidence · text
“the metallurgy is well understood”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 69.2 g/t Au is exceptionally high grade for an orogenic gold system.
Evidence · text
“0.03 metres at 69.2 grams per tonne gold”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Drill Results (3)
Fact 1Auld Creek · goldGrade: 69.2Grade Unit: g/tIntercept: 0.03 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Auld Creek
- Commodity
- gold
- Region
- new zealand
- Reported Region
- new zealand
- Ticker
- RUA
Geometry
- Grade
- 69.2
- Grade Unit
- g/t
- Intercept
- 0.03 m
Classification
- Deposit Type
- other
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: 69.2 g/t Au is an exceptional grade, though the 0.03m width is extremely narrow.
Positive factors
- Exceptional grade
Negative factors
- Extremely narrow width
Evidence · text
“0.03 metres at 69.2 grams per tonne gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "RUA GOLD expects several additional developments in the coming weeks, including pre feasibility study economics, submiss"
Fact 2Auld Creek · goldGrade: 24.9Grade Unit: g/tIntercept: 6.6 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Auld Creek
- Commodity
- gold
- Region
- new zealand
- Reported Region
- new zealand
- Ticker
- RUA
Geometry
- Grade
- 24.9
- Grade Unit
- g/t
- Intercept
- 6.6 m
Classification
- Deposit Type
- other
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Metal Equivalent
- Metal Eq. Grade
- 24.9
- Metal Eq. Unit
- g/t AuEq
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High grade gold equivalent intercept over a meaningful width.
Positive factors
- Strong gold equivalent grade
Evidence · text
“6.6 metres at 24.9 grams per tonne gold equivalent”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: an equivalent grade is reported without its assumptions
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "RUA GOLD expects several additional developments in the coming weeks, including pre feasibility study economics, submiss"
Fact 3Auld Creek · goldGrade: 14.4Grade Unit: g/tIntercept: 6.3 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Auld Creek
- Commodity
- gold
- Region
- new zealand
- Reported Region
- new zealand
- Ticker
- RUA
Geometry
- Grade
- 14.4
- Grade Unit
- g/t
- Intercept
- 6.3 m
Classification
- Deposit Type
- other
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Metal Equivalent
- Metal Eq. Grade
- 14.4
- Metal Eq. Unit
- g/t AuEq
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High grade gold equivalent intercept over a meaningful width.
Positive factors
- Strong gold equivalent grade
Evidence · text
“6.3 metres at 14.4 grams per tonne gold equivalent”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: an equivalent grade is reported without its assumptions
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "RUA GOLD expects several additional developments in the coming weeks, including pre feasibility study economics, submiss"
Metallurgical Results (1)
flotationAuld Creek · antimonyRecovery: 85 %View all detailsHide details
Identity
- Project
- Auld Creek
- Commodity
- antimony
- Region
- new zealand
- Reported Region
- New Zealand
- Ticker
- RUA
Test Work
- Program Status
- scoping
- Test Type
- flotation
- Processing Route
- conventional flotation circuit
- Sample
- Auld Creek project metallurgy
Recovery
- Recovery
- 85 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: 85% recovery for antimony via flotation is a strong result for early stage metallurgy.
Positive factors
- Solid recovery rate
Evidence · text
“approximately 85 percent antimony recovery through a conventional flotation circuit”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.