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Rupert Resources discovers significant new continuous gold and copper mineralisation at the Pahtavaara Project in Northern Finland

Oct 17, 2019

Rupert Resources Ltd (“Rupert” or “the Company”) discovers a significant new mineralised body at the Pahtavaara Project, Northern Finland. Drill results from seven holes in the Heinä (previously referred to as Vuoma) Central target in Area 1, identify a sulphide body of up to 75m true thickness along a strike of at least 200m. Multiple parallel zones of gold mineralisation were also intersected. The Heinä target is located 25km from the Pahtavaara mill.

Highlights

• Gold and copper mineralisation has been intersected in multiple sulphide-rich breccias. The estimated true width of the broadest zone intersected to date is up to 75m. So far three further parallel mineralised zones have been identified along a strike length of at least 200m and the target remains open in all directions.

• Hole 119044 intersected 1.4g/t Au and 0.5% Cu / 31m from 64m within a broad mineralised sulphide zone of 54m. The hole was drilled to follow up discovery hole 119033 that ended in mineralisation.

• Hole 119046 intersected multiple gold intervals, including 1.2g/t Au / 7.8m from 62.2m, 3.7g/t / 3m Au from 102m and 1.4g/t Au / 4.3m from 140m, within a broad mineralised sulphide envelope of 90m.

• Hole 119049, drilled 120m to NW of 119046, intersected multiple gold intervals with grades of over 1g/t Au, within a wide mineralised zone of 82m. Copper results are still pending. The best intercepts in 119049 include: 6.6g/t Au / 2m from 36m (incl. 12.7 g/t Au / 1m), 8.2g/t Au / 1m from 44m and 6.1g/t Au / 2m from 196m (incl.11.3g/t Au over 1m).

James Withall, CEO of Rupert Resources commented “The first 1,260m of our 15,000m regional exploration drilling program has identified multiple parallel brecciated structures with significant gold and copper mineralisation. “Heinä” Central is the first target to be tested in the ongoing program and increases the confidence in the efficacy of our exploration method and the potential to delineate projects of scale on our land package. Drilling is ongoing at other regional targets as well as at the Pahtavaara mine.”

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191017_Heina Discovery