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 Drills 22.8 G/T Gold Over 9M in High Grade Zone In Lower Karoliina, 5M From Existing Infrastructure. Drilling Of North Flank East Extends High Grade Zone 50M Lower
Toronto, Ontario, Canada Listed: RUP - TSX-V R05 – FSE Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP, FSE: R05) reports results from a further 5,159m of diamond drilling from 21 holes from surface and 23 holes from underground. This...read more
Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP, FSE: R05) is pleased to announce that James Withall has agreed to join the Company as it’s Chief Executive Officer. Mr. Withall was a Managing Partner at Baker Steel Capital Managers where...read more
New Drilling Confirms Mineralization at Depth at Karoliina and North Flank West – Including 6.9 G/T Gold Over 12.0M; Mobilization of Contractors Underground
Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP, FSE: R05) reports results from a further 9,666m of diamond drilling from 41 holes from surface and 42 holes from underground. This drilling, which was undertaken through November 2016 to...read more
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