Rupert Resources Ltd (“Rupert” or the “Company”) is pleased to provide an update on exploration activities at the Pahtavaara gold project in the Central Lapland Greenstone Belt (“CLGB”) of Northern Finland.
The regional exploration program beyond the mine has identified an extensive gold anomaly in base-of-till (“BOT”) called Paskamaa East just 1km to the north west of the Pahtavaara mine and mill.
Furthermore, in-mine exploration, through extensive underground sampling and infilling previous gaps in assaying of historic diamond drill core continues to reaffirm and demonstrate potential for extensions to the resource model announced earlier in 2018. Highlights from underground channel sampling in the east of the mine are 24g/t Au over 1m in a previously untested development drive in the K-Zone and, in the western extents, 4g/t Au over 3m in the Whaleback zone and 4.2g/t Au over 3m in the Karoliina East area.
James Withall, CEO of Rupert Resources, commented,
“Understanding of the geological controls on mineralisation continues to grow both at the mine and on a regional scale. The significant anomaly at Paskamaa East, so close to the mine, had not been identified by prior companies due to historic sampling and assay techniques. Improvements in exploration methodology for areas with glacial till cover, utilising detailed geophysics to identify structural controls and geochemical sampling both at surface, and at the bedrock interface with base-of-till rigs are being used to great effect by the geology team. A second base-of-till rig starts this week, allowing us to continue testing Paskamaa East and other near-mine targets whilst also pushing on with reconnaissance at our larger target areas in the west and south west of the licences. At the mine, drilling will recommence in November to test selected areas identified by the infill and underground sampling programs. Through an approach that combines international gold exploration experience with local knowledge and skills, we have confidence that the potential of this region for further significant gold mineralisation will be demonstrated”.
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