Rupert Resources

NEWS

Archives

3.6 g/t gold over 169m drilled at Ikkari including a high-grade zone of 21.7g/t gold over 5m at depth

Rupert Resources Ltd (“Rupert” or “the Company”) reports new drill results from its Ikkari prospect, the focus of its ongoing 60,000m exploration programme at the 100% owned Pahtavaara Project in the Central Lapland Greenstone Belt, Finland (figure 1). The mineralised strike length at Ikkari is at least 650m in total (figure 2) with mineralisation on all sections intersected to a depth of at least 300 to 500m.

Highlights*

  • Hole 121010 intersected 3.6g/t gold (“Au”) over 169m from 254m with multiple high-grade zones (figures 2 and 3) throughout the intercept and including a very high-grade component of 21.7g/t Au over 5m from 406m
  • Hole 120061 extension intersected 4.2g/t Au over 28m from 406m (310m vertical), extending a high-grade mineralised zone that included 4.3g/t Au over 158m in drill hole 120086 (see November 12, 2020 press release) by over 100m
  • Hole 121007 intersected 4.5g/t Au over 36m from 372m, including 12.5g/t Au over 7m, and also intersected 2.4g/t Au over 22m from 491m
  • Hole 120124 intersected 1.2g/t Au over 68m from 29m and Hole 120126 intersected 1.4g/t Au over 56m from 63m on the same western section of Ikkari.
  • Ikkari remains open at depth and along strike in both directions

* see tables 3 and 4 for full breakdown of intercepts

James Withall, CEO of Rupert Resources commented “Ikkari continues to deliver spectacular gold intersections expanding the mineralised footprint and increasing confidence in the continuity. Drilling continues with four rigs currently turning in Area 1 as well as an underground rig at the Pahtavaara mine.  Over the months ahead we will be delivering multiple updates on the development of our discoveries as we move towards a maiden resource at Ikkari over the summer. As our understanding advances we believe that we are still at the early stages of demonstrating the full geological potential of this region.”

For full release including images and tables please follow link below