Toronto (April 17, 2025)
Rupert Resources Ltd (“Rupert” or the “Company”) today provides an exploration update from its properties in the Central Lapland, Northern Finland including new drilling results and interpretations from Heinä South (1km from the 4Moz Ikkari Project, see press release dated February 18, 2025) and from other targets along the 12km regional structure east-northeast from Ikkari (the “Rajala” line).
HIGHLIGHTS
Graham Crew, Chief Executive Officer of Rupert Resources said “We are encouraged by today’s results and the potential to add to the 4Moz resource inventory at Ikkari through continued drilling success at satellite discoveries. Exploration remains a core part of Rupert’s DNA and we continue to systematically generate, test and assess exploration targets applying our proven exploration methodology and economic criteria to ensure efficient utilisation of exploration expenditure.”
Heinä South
As reported previously, drilling in 2024 had delineated continuous lower grade mineralisation over down hole widths of up to 29m to the southwest of the previously discovered Heinä South gold occurrence, this was typified in #124001 1.1g/t Au over 24.50m (see press release February 8, 2024). In addition to this, very-high grade mineralisation was intersected to the north of this trend. Structural interpretation during the summer months hypothesized a WNW structural control to the high-grade mineralisation sub parallel to the drill direction. This was tested in early 2025 by drilling on a different orientation specifically to target the high-grade mineralisation.
Drilling recommenced at Heinä South in January 2025. Hole #125001 intersected 45.7g/t Au over 8m including 362g/t Au over 1m. To the north several narrow, high-grade, intersections were encountered with #125015 intersecting 83g/t Au over 1m, #125007 intersecting 66g/t Au over 1m and #125010 intersecting 31g/t Au over 1m.
Ikkari – Saitta – Mike Trend
A 13-line 26km IP survey was undertaken during Autumn 2024 and followed up with widely spaced drilling, including several holes to depth, along the trend. The program has confirmed the presence of the same stratigraphy that hosts that Ikkari orebody along the >7km strike length and provided evidence for a high-strain zone, analogous in orientation and dip of that present at the Ikkari orebody, occurring at depth. These observations confirm the inherent prospectivity of this trend and will feed into more detailed targeting over the coming months.
Target Generation
To date, since December, >2000 base of till (BoT) samples have been taken as part of Rupert’s continued greenfield exploration program. BoT has focused on the Rajala area, 15km northeast from Ikkari and the recently acquired Sayna exploration permit, 20km northwest from Ikkari. These grassroots campaigns will form the basis of Rupert’s target definition work informing future drill programmes through the balance of 2025 and into 2026.
