Results for first quarter 2019
Rupert Resources Ltd (“Rupert” or the “Company”) announces that it has today published unaudited financial results for the first quarter ending May 31, 2019 together with Management’s Discussion and Analysis for the same period. Both of the above will be published on the Company’s website www.rupertresources.com and will also be available on SEDAR at www.sedar.com .
Operating highlights for the period at the Company’s projects in Finland are provided below. During the three months ended May 31, 2019, the Company spent $1,514,781 (three months ended May 31, 2018 – $896,010) on exploration and evaluation assets. As at May 31, 2019, the Company had cash and cash equivalents of $3,795,166.
James Withall. Chief Executive of Rupert Resources said “Rupert made advances in regional exploration in Q1 2019 with the discovery of three new incidences of gold mineralisation in the Area 1 target at Pahtavaara. Rupert expects to intensify exploration efforts in Area 1 and systematically advance a number of other targets in the extensive 290km2 land package that includes the Pahtavaara mine and mill.”
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