Rua Gold (NZE:RGI) said it found high-grade gold mineralization during a recent drilling at its Reefton project on the South Island of New Zealand, according to a Wednesday New Zealand bourse filing.
The results were up to 0.9 meters at 26.9 grams per tonne grade of gold from 178 meters and four meters at 6.9 g/t gold from 265 meters, including one meter at 11.5 g/t gold.
The company said that all Caledonian drill holes intersected the host quartz structure, with three out of six holes returning significant mineralization, demonstrating the coherence and extent of the target zone.
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