Asra Completes $3M Placement to Accelerate Leonora Drilling

USA News Group News Commentary Since March, the ongoing gold rally has been attracting investors back to mining stocks . As the precious metal reaches record highs, mining stocks have been rising too, defying markets that outside the metal have undergoing turbulence caused by the “Trump Blink” on tariffs . Several miners from juniors to majors have been reporting important progress that’s been capturing the market’s attention such as Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF), Collective Mining Ltd. (NYSE-American: CNL) (TSX: CNL), Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL), New Found Gold Corp. (NYSE-American: NFGC) (TSXV: NFG), and Meridian Mining UK Societas (TSX: MNO) (OTCQX: MRRDF).

The article continued: After gold prices soared past $3,200 this month, analysts at UBS and Deutsch Bank have increased their projections for the precious metal to $3,500 and $3,700 respectively. As macroeconomic risks continue to rise, strategists are highlighting how gold prices have gone parabolic , and how to prepare for what’s next.

Rua Gold reports improving gold grades with depth on the Reefton Project’s Auld Creek gold-antimony project

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) , today announced an update to its gold-antimony exploration on its Auld Creek project, Reefton on the South Island of New Zealand ; reporting improving gold grades from current drilling in diamond drillholes ACDDH026, ACDDH027, ACDDH028.

Highlights:

• Following up on the last high-grade results from the Company, the next holes intersected broader zones of gold in hole ACDDH027 and narrow but strong gold-stibnite (antimony sulphide) mineralization in ACDDH028.
• Assay results show:
  o ACDDH026: 2.1m @ 1.25g/t Au from 175m depth
  o ACDDH027: 9m @ 5.9g/t AuEq ^* (5.2g/t Au & 0.16% Sb) from 159m depth
  o ACDDH028:   1.25m @ 48.3g/t AuEq ^* (13.3g/t Au & 8.1% Sb) from 210m depth
• ACDD024,025 confirmed higher grade antimony mineralisation on the Fraternal shoot, the recent drilling ACDDH27,28 indicates an improvement in gold grade with depth.
• The gold grades on the Fraternal shoot plunge to the south, current drilling is testing 80- 100m below the current resource envelope, before pivoting to testing the northerly extensions of the Fraternal ore body.
• Auld Creek has an inferred resource hosted by two ore shoots, Bonanza and Fraternal. This resource outcrops at surface and is continuous to 160m vertically and open at depth.

Gold equivalent (AuEq) calculated as Au g/t + 4.3 × Sb%, using spot prices and 85% recovery with ~30% discount applied.

Surface soil geochemistry strongly endorses extensions to the Fraternal north prospect and Bonanza northeast prospect, confirming the system is traceable over a 2.5km length.

“It is encouraging to see an improvement in gold grades with depth on the Fraternal lode, and the continuation of high-grade antimony accompanying the gold in narrow plunging shoots,” said Robert Eckford , CEO of Rua Gold . “Drilling…