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26.8g/t gold over 2.0m and 11.6g/t gold over 5.0m drilled at the Pahtavaara mine confirming a 500m long mineralised trend

July 29, 2021. Rupert Resources Ltd (“Rupert” or “the Company”, TSX-V: RUP) reports further drill results and geological interpretation from in-mine exploration drilling at the 100%-owned Pahtavaara mine in the Central Lapland Greenstone Belt, Finland.

Highlights

  • Hole 120525 intersected 11.6g/t gold (Au) over 5.0m from 51m (35m vertical) confirming continuation of T-Vein mineralisation towards surface.
  • High-grade mineralisation including 26.8g/t Au over 2m in hole 121469 and wider mineralisation including 3.7g/t Au over 12.4m in hole 121406 highlight both the grade and width present within the T-Vein mineralisation trend.
  • Mineralisation at T-Vein now extends 500m, from surface in the down-plunge direction.

James Withall, CEO of Rupert Resources commented “These new results from the Pahtavaara mine are significant because they show the potential for near surface, potentially open-pit mineable material in immediate proximity to the Pahtavaara mine and mill.  Importantly these results provide further evidence of a previously unidentified easterly plunge control on mineralisation. The Pahtavaara mine remains an important asset in the region, as one of only two permitted gold mills, and any new discoveries in the immediate vicinity could add significantly to mine life. Drilling will continue at the mine, Ikkari and our numerous other targets as part of our ongoing exploration program, with the goal of highlighting the geological and economic potential of the Pahtavaara Project in its entirety.”