About the Project
Glamorgan Property
Hauraki boasts a significant footprint in high-grade gold and silver mining, with circa 50 epithermal deposits mined since the 1860s. They have produced over 15Moz of gold and 60Moz of silver. Notably, the Martha mine in Waihi has yielded around 10Moz of gold to date.
RUA GOLD’s recent acquisition, Glamorgan, holds a 3.8km zone showing signs of gold mineralization, supported by soil samples and rock samples indicating gold prospectivity. Within Hauraki, Glamorgan presents the classic features of a major epithermal gold-silver system. This target remains unexplored through drilling, offering an exciting opportunity for future discoveries.
Highlights
Highly Prospective Area
The Hauraki Goldfield has been mined since the 1860’s, producing >15Moz gold and >60Moz silver
Neighboring Mines
RUA GOLD’s Glamorgan property is located 2.8km away from OceanaGold’s recent discovery with the same geology
Target Identified
The Glamorgan Wires Ridge Prospect is a 3.8km long zone with classic surface features of a major epithermal gold-silver system
Hauraki Goldfields
- 50-60 epithermal gold-silver deposits
- Mined since 1860’s, 3 + 1Moz deposits, 1 +10Moz (Martha deposit)
- New Development WKP + 2Moz
- >15 Moz gold and >60 Moz silver produced
- Martha Goldmine, Waihi ~10 Moz gold production to date, 1.37 Moz resources (Ind + Inf)
- Waihi North (WKP), 1.46 Moz gold indicated at 17.3 g/t Au, 1.21 Moz gold probable at 9.2 g/t Au
Historic Production Over 15Moz Gold, 60Moz Silver
Glamorgan is Located in an Epithermal Goldfield, Home to Some of the World's Highest Grade of Gold
Neighboring mines are currently producing high grade gold.
Glamorgan
Exploration
Our Neighbor
Wharekirauponga – OceanaGold
Fully permitted using the Fast Track process in 112 days and now under construction.
Discovery Intercept
WKP42: 22.8 g/t Au & 39.0 g/t Ag over 48.9m
PFS results as at December 2024
Initial Mineral Reserve of 1.2Moz of gold @ 9.2 g/t
NPV5% $621 million
IRR of 24% (both at $2,400 gold)
(Source: OceanaGold Pre-Feasibility Study, December 11, 2024)
Growth Potential
- EG Vein Zone extends the known strike of mineralization over 1.5kms.
- System remains open in all direction with an active drill program underway
