Rupert Resources owns 100% of the fully permitted Pahtavaara gold mine, located in the Central Lapland Greenstone Belt in Northern Finland. The area also hosts Agnico Eagle’s 7Moz Kittila mine and significant Ni-Cu-PGM polymetallic deposits in the form of Boliden's Kevitsa mine and the Anglo American’s Sakatti Project. Rupert has claims to a continuous 124km2 land package in the center of the region, adjacent to B2Gold (through a JV with Aurion Resources) and S2 Resources tenements. The Pahtavaara mine has been in production for 15 out of the last twenty years. Production peaked at 37,000oz, and existing mill capacity is over 1,400 tonnes of ore a day.
Since acquiring the mine, Rupert has completed an initial 3,000m exploration drilling program, which identified significant high grade mineralization to the west of the existing mine development, in the recently discovered Karoliina orebody, and also in the new the “North Flank” zone. The Company has announced a second phase of exploration on the property, with the goal of growing reserves and returning to production in the near-term.
Rupert Completes Acquisition of Pahtavaara Gold Mine; Commences Underground Drilling; and Begins Work with New Nearby Assay Lab
TORONTO, ONTARIO--(Marketwired - Nov. 9, 2016) - Rupert Resources Ltd. ("Rupert" or the "Company") (TSX Venture:RUP) is pleased to announce that it has completed the acquisition of the fully permitted Pahtavaara gold mine, mill and exploration permits in Lapland,...read more
TORONTO, ONTARIO--(Marketwired - Oct. 19, 2016) - NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES Rupert Resources Ltd. ("Rupert" or the "Company") (TSX Venture:RUP) announces that it intends to complete a non-brokered private placement of up to...read more
Rupert Resources Ltd. ("Rupert" or the "Company") (TSX Venture Exchange: RUP) announces that it has received the last drill results of its first exploration campaign on the permitted Pahtavaara gold mine in Northern Finland, which the Company recently exercised its...read more
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