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Rupert Resources
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TORONTO, ONTARIO–(Stockwatch – June 16, 2016) – Rupert Resources Ltd. (“Rupert” or the “Corporation”) (TSX VENTURE:RUP) inaugural drill program on the permitted Pahtavaara gold mine, located in northern Finland, has begun today as planned. This drilling program seeks to expand reserves and resources at the mine’s open-pit and underground targets. Other work programs, including trenching and open-pit mapping and sampling, are expected to commence next week, after drilling start-up. Rupert has a six-month option, ending Sept. 15, 2016, to acquire the Pahtavaara gold mine, mill, and exploration permits and concessions, representing a 124-square-kilometre land position (see the corporation’s March 17, 2016, and June 9, 2016, press releases).

The corporation has also appointed Gordon Chmilar as corporate secretary, replacing Jo-Anne Archibald, who has resigned from such office. Mr. Chmilar is a partner with global law firm Gowling WLG. For over 10 years, his practice has focused on corporate finance and mergers and acquisitions.

 

TORONTO, ONTARIO–(Marketwired – June 9, 2016) – Rupert Resources Ltd. (“Rupert” or the “Corporation”) (TSX VENTURE:RUP) announces that it will launch its inaugural drill program next week on the permitted Pahtavaara gold mine, located in Northern Finland, that it has optioned for the six month period ending September 15, 2016 (see the Corporation’s March 17, 2016 press release). This drilling program will seek to expand reserves and resources at the mine’s open pit and underground targets, centering on the Karolina orebody discovered before the mine ceased its operations in 2014.

“The exploration potential at Pahtavaara is an excellent challenge for our exploration team and if successful can permit the mine to return to production as a low cost producer of gold. The abundance of targets close to production infrastructure inside Pahtavaara’s 124 square kilometer land position offers the possibility for significant growth for Rupert Resources,” commented Brian Hinchcliffe, President and CEO of Rupert. “As the company steps up its corporate activity, we are pleased to have Susan Milton join the Board.”

Susan Milton has been appointed as a Non-Executive Director and to the Audit Committee of the Corporation. Susan has two decades of experience as an investor and investment advisor with a focus on the mining sector. Ms. Milton began her career at Moss Lawson & Co before continuing at Richardson Greenshields & Sons, RBC Dominion Securities, Ocean Equities and Macquarie Private Wealth. Ms. Milton holds an MBA with a specialization in Financial Management & Markets from Arizona State University.