June 7, 2022 – Rupert Resources Ltd (“Rupert” or the “Company”), a company advancing the multi-million-ounce Ikkari gold deposit and new regional discoveries at the company’s 100% owned Rupert Lapland Project in Northern Finland, is pleased to announce that new drilling (figure 1) at its flagship Ikkari discovery has extended near-surface, high-grade mineralisation.
Ikkari has a National Instrument 43-101 mineral resource estimate of 49 million tonnes (“Mt”) at 2.5 grams per tonne gold (“g/t Au”) for 3.95 million inferred ounces (see Sept. 13, 2021 press release). Over 45,000 metres (“m”) of drilling has now been completed at Ikkari since its maiden resource statement, focused on upgrading and exploring the limits of the Ikkari resource estimate.
Highlights
New drilling at Ikkari extends near-surface high-grade zone to the east:
#122057 returned
o 59m of 8.0g/t Au from 148m (116m vertical)
o and 26m of 4.5g/t Au from 223m
In central Ikkari, further high-grade results were received, confirming widths of mineralised zones:
#122090 returned
o 24m of 6.3g/t Au from 206m (173m vertical)
o and 47m of 5.8g/t Au from 267m
o and 29m of 1.9g/t Au from 349m
o and 12m of 1.2g/t Au from 382m
#122091 returned
o 49.5m of 3.6g/t Au from 184m (including 5m of 9.7g/t Au)
o and 31.7m of 4.0g/t Au from 283m
Drilling at depth in the Ikkari deposit continues to confirm gold intercepts at the limits of September 2021’s maiden resource estimate:
#122068 returned
o 80m of 1.4g/t Au from 276m
o and 13m of 3.7g/t Au from 540m (440m vertical)
James Withall, CEO of Rupert Resources commented “The new drilling at Ikkari continues to impress with more indications of near-surface, high-grade material in the eastern section of the deposit with the drilling providing yet further proof of Ikkari’s characteristic exceptional continuity and potentially broad mining widths, which we expect to be captured in the preliminary economic assessment.”
