Issued on behalf of RUA GOLD Inc.
VANCOUVER – Baystreet.ca News Commentary – Gold continued trading firmly above $4,200 per ounce[1] following its historic breakthrough on October 15, 2025, as markets digest conflicting Federal Reserve signals on the pace of future rate cuts[2]. The precious metal has maintained its elevation despite recent dollar strength, with analysts attributing resilience to record central bank gold purchases and escalating geopolitical tensions that show no signs of resolution[3]. This sustained price environment is creating exceptional economics for gold producers and explorers advancing high-grade projects, including RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF), Golconda Gold Ltd. (TSXV: GG) (OTCQB: GGGOF), GoldQuest Mining Corp. (TSXV: GQC), and Galway Metals Inc. (TSXV: GWM) (OTCQB: GAYMF).
Investment banks now project gold could test $4,500 before year-end as physical demand from Asian markets accelerates[4]. The convergence of monetary policy uncertainty with structural supply deficits is positioning early-stage developers to capture significant value as institutional investors rotate into equities offering leverage to sustained elevated metal prices[5].
RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) recently announced a strategic move that signals its transition from explorer to developer, bringing on Simon Delander as Vice President, Risk, Stakeholder & Regulatory Affairs. With over 25 years navigating complex approvals and building relationships with regulators, Indigenous groups, and local communities, Delander's track record at Endura Mining and Evolution Mining positions RUA GOLD to fast-track permitting at its high-grade Reefton project while maintaining strong community ties.
"As we continue to advance our Reefton project, we cannot overstate the importance we attribute to strong, transparent, and proactive stakeholder engagement," said Robert Eckford, CEO of RUA GOLD. "Simon has a proven track record of delivering that will ensure RUA GOLD is well-positioned to navigate the regulatory landscape, de-risk our projects, and deepen our engagement with stakeholders."
The timing couldn't be better. RUA GOLD has been delivering exceptional high-grade results from Auld Creek, including standout intercepts of 17m at 9.8g/t AuEq and 8m at 8.9g/t AuEq that significantly extend the strike of the current resource. The company has mobilized a third drill rig and is targeting over 4,000 metres of new drilling to grow the gold-antimony resource above 300,000 ounces by year-end.
RUA GOLD controls roughly 95% of the historic Reefton Goldfield on New Zealand's South Island, a district that produced more than 2 million ounces at grades up to 50 g/t. Across 120,000 hectares, the company has confirmed multiple stacked mineralized shoots at Auld Creek, with previous intercepts hitting 2.1 m at 64 g/t AuEq (5.5 g/t gold and 13.1% antimony).
The antimony angle adds another layer of appeal. Prices surged past US$50,000 per tonne in 2025 after China imposed export controls, and New Zealand has now classified the metal as critical. Surface samples at Auld Creek have returned over 40% Sb, with several drill holes exceeding 8% (grades that rarely surface this early in exploration).
On the North Island, RUA's Glamorgan project sits in the Hauraki Goldfield, home to the 10 Moz Martha mine. The 4 km gold-arsenic anomaly has been refined using VRIFY's DORA AI engine, and drilling is slated to begin in Q4.
With $14 million in the treasury and a leadership team behind US$11 billion in prior mining exits, RUA GOLD is building the kind of portfolio that catches attention: high grades, dual commodities, and now, the regulatory expertise to move it forward.
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:
Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) has intersected 1.01 g/t gold over 108.20 metres within 172.21 metres of 0.82 g/t gold from surface at the Herman Area of its Eldorado gold project in eastern Oregon, extending mineralization 730 metres south and identifying a major new exploration target at Eldorado West. Drill holes ED27 and ED28 intersected broad, pervasive intervals of strong gold mineralization from surface and identified a new mineralized contact zone between host sedimentary rocks and diorite that is shallow-dipping, laterally extensive, and projects south, west, and northwest.
"We are confirming a broader target in the Herman Area that looks to substantially increase the mineralized footprint of the Eldorado property," said Rauno Perttu, CEO of Provenance Gold Corp. "The extensive volume of gold mineralization above this contact zone combined with strong grades in the contact zone and within the metasedimentary rocks, points to a much larger mineralized system than previously recognized. We are excited to receive further assays from ongoing drilling, including hole ED29 extending to the southwest in the Herman area that showed strong visual mineralization, supporting our data and our belief that mineralization continues southward and is open in all directions at Eldorado West."
The newly recognized diorite-metasedimentary contact zone creates a new broad exploration target with potential to host both bulk-tonnage and high-grade gold mineralization across a large area of previously unexplored southern and western portions of the property. RC drilling continues with assays pending for ED29, and a core rig has arrived on site to target expansion of known mineralization and provide critical insights about structural and geological controls, while Provenance is conducting detailed geological mapping of the southern part of Eldorado West in preparation for permitting drill pads over a planned 2-3 kilometre major step-out area for next year's drill program.
Golconda Gold Ltd. (TSXV: GG) (OTCQB: GGGOF) has produced 3,588 ounces of gold in Q3 2025 at its Galaxy Gold Mine, representing an 18% increase compared to Q2 2025 and a 51% increase compared to Q3 2024. The Q3 results reflect increased ore mined from the Princeton orebody, which rose 81% compared to Q2 2025 due to commencing mining at the Princeton Top section during the quarter, with year-to-date 2025 production running 74% ahead of the same period in 2024.
"Galaxy achieved record gold production in Q3, totalling 3,588 ounces of gold, an 18% increase on Q2 2025 and a 51% increase on Q3 2024," said Ravi Sood, CEO of Golconda Gold Ltd. "With the materially higher gold price, the Company is generating significant operational cash flow and continues to de-leverage its balance sheet and invest in further expansion at Galaxy, including refurbishment of the existing sub-vertical shaft and associated infrastructure to allow mining on a second level at the Galaxy ore body by the end of 2025, adding an additional ore source to the processing plant, which has significant spare capacity."
The company mined 40,503 tonnes of ore grading 3.31 g/t gold in Q3 2025 and produced 3,229 tonnes of concentrate grading 34.6 g/t gold. Golconda Gold is focused on both its Galaxy Gold Mine operations in South Africa and its New Mexico projects, with management committed to operating at world-class standards while prioritizing employee safety, environmental stewardship, and community contribution.
GoldQuest Mining Corp. (TSXV: GQC) has commenced its 2025 drilling campaign at the Romero Gold-Copper Project in the Dominican Republic, marking the first drilling completed at Romero since 2018 and representing an important step forward in advancing the company's strategy to both develop the Romero Mineral Resource and test high-priority greenfield targets across the Tireo Belt. The program includes drilling hole LTP-171 for metallurgical testwork, with a second drill rig mobilized for additional metallurgical holes and a third drill rig planned for the Cachimbo target to begin a 5,000-metre greenfield exploration program in early November.
"With drilling now underway at Romero, we are executing on both our development and exploration objectives for the year," said Luis Santana, CEO of GoldQuest Mining Corp. "Our team's recent work has strengthened our geological understanding and refined our gold-copper exploration targeting across the Tireo Belt. These programs are designed to de-risk the project and build shareholder value as we continue advancing Romero and unlock additional discovery potential in the region."
Recent technical work has included comprehensive review of district and local structural geology, enhancing understanding of gold-copper mineralization controls and informing ongoing 3D structural modelling, while GoldQuest has been working with a senior geophysicist to reprocess and reinterpret historical geophysical datasets. The company's 100%-owned flagship Clarence Stream gold project hosts district-scale potential along a 65-kilometre strike length with a 2022 MRE of 12.4 Mt @ 2.3 g/t gold Indicated for 922,000 oz and 16.0 Mt @ 2.6 g/t gold Inferred for 1.334 M oz gold.
Galway Metals Inc. (TSXV: GWM) (OTCQB: GAYMF) has intersected the thickest gold interval to date at Clarence Stream with drill hole CL-232 returning 1.1 g/t gold over 88.0 metres including 10.0 g/t gold over 1.0 metre and 7.5 g/t gold over 2.0 metres at the Southwest Deposit within its 100%-owned flagship Clarence Stream gold project in New Brunswick. Additional assays are pending from 281 metres to 400 metres in CL-232, including visible gold at 331.4 metres, while drill hole CL-230 intersected 4.3 g/t gold over 5.0 metres including 14.8 g/t gold over 1.0 metre, with all gold intercepts within 100 vertical metres from surface.
"Intersecting the thickest gold interval to date at Clarence Stream highlights the scale and continuity we are starting to unlock across the project," said Rob Hinchcliffe, CEO of Galway Metals Inc. "Beyond these results, our drilling strategy is aimed at both expanding the overall resource footprint and upgrading categories within the open-pit shells. This positions Galway for steady, meaningful news flow in the weeks and months ahead. With continued drilling success, and multiple holes containing visible gold now awaiting assays, we believe Clarence Stream is on track to demonstrate the kind of scale and quality that can attract significant attention in the gold sector."
Galway's ongoing drill program is focused on testing continuity between mineralized zones within the 2022 pit resource shells and evaluating extensions beyond the known resource areas, with the widest continuous mineralized interval reported by the company to date representing continued thick zones within open pit resource shells. High-grade results are expected in the coming weeks and months, with Galway having already intersected visible gold in five additional drill holes within the Southwest and North Deposits, while the company's 2022 MRE shows 12.4 Mt @ 2.3 g/t gold Indicated for 922,000 oz and 16.0 Mt @ 2.6 g/t gold Inferred for 1.334 M oz gold across the Clarence Stream project.
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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SOURCES CITED:
1. https://www.mining.com/gold-price-surges-above-4200-for-new-record/
2. https://www.bloomberg.com/news/articles/2025-10-17/powell-has-backing-for-2025-rate-cuts-and-then-things-get-cloudy
3. https://markets.financialcontent.com/wral/article/marketminute-2025-10-10-central-banks-fueling-historic-gold-rally-a-new-era-for-global-finance
4. https://www.mining.com/gold-price-targets-q4-2025/
https://www.bloomberg.com/news/gold-supply-challenges-october-2025