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Rua Gold Unveils Significant Auld Creek Drilling Results, Expanding Gold-Antimony Resource

Story Highlights
  • Rua Gold reports high-grade gold-antimony findings at Auld Creek, extending resource depth.
  • Antimony’s strategic importance and price surge enhance Rua Gold’s market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rua Gold Unveils Significant Auld Creek Drilling Results, Expanding Gold-Antimony Resource

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The latest announcement is out from Rua Gold ( (TSE:RUA) ).

Rua Gold Inc. has reported promising results from its drilling activities at the Auld Creek project, revealing significant high-grade gold-antimony intersections 120 meters below the existing resource. The latest findings extend the vertical reach of the resource from 160 meters to 280 meters, with potential for further expansion. This development is critical as antimony prices have surged due to geopolitical tensions and supply constraints, highlighting the strategic value of Rua Gold’s resources. The company plans to continue drilling to expand the resource both in depth and across its 2.5km length, aiming to capitalize on the heightened demand for antimony, which is deemed a critical mineral by several nations.

Spark’s Take on TSE:RUA Stock

According to Spark, TipRanks’ AI Analyst, TSE:RUA is a Underperform.

Rua Gold’s financial struggles are a major concern, with no revenue and dependence on external financing. Technical analysis also reflects a negative outlook, despite being oversold. However, promising corporate events involving significant resource discoveries offer potential upside and strategic positioning, which partially offsets the poor financial and technical scores.

To see Spark’s full report on TSE:RUA stock, click here.

More about Rua Gold

Rua Gold Inc. operates in the mining industry, focusing on the exploration and development of gold and antimony resources. The company is engaged in projects in the Reefton Goldfield on the South Island of New Zealand, with a particular emphasis on the Auld Creek project. Antimony, a critical mineral with rising demand due to its applications in renewable energy, batteries, and technology, is a significant focus for Rua Gold given its strategic importance and limited global supply.

YTD Price Performance: 18.33%

Average Trading Volume: 83,954

Technical Sentiment Signal: Hold

Current Market Cap: C$43.15M

For detailed information about RUA stock, go to TipRanks’ Stock Analysis page.

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