Rupert Resources Ltd (“Rupert” or “the Company”) reports significant diamond drilling intercepts representing new gold discoveries at its Area 1 target area, 15km from the Pahtavaara mill at the Pahtavaara Project in the Central Lapland Greenstone Belt of Northern Finland.
In a focussed diamond drill program, two holes were planned to confirm separate targets and both intercepted sulphide mineralisation within distinct metasedimentary sequences. Significant intercepts include 10.5m grading 3.55g/t Au in hole 119032, 90m below a base of till anomaly of 21g/t Au. Hole 119033 intersected 2.0m grading 3.4g/t Au along with broad zones of lower grade gold and copper mineralisation associated with sulphides throughout the length of the hole (tables 1 & 2).
James Withall, CEO of Rupert Resources commented
“These new discoveries validate the systematic exploration program Rupert is undertaking and we look forward to testing multiple further targets, generated by the same methods, on Rupert’s prospective 290km2 land package. The two headline intercepts are located 800m from each other, along different structures, with mineralisation hosted within a sequence of sulphide-rich metasediments and volcanic rocks, that have not previously been identified from historic geological studies. The fact that the mineralisation is hosted by sulphide-rich zones is conducive for using geophysics and possibly suggests potential for better continuity.”
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190521 – Area 1 discovery vFINAL
Rupert Resources Ltd (“Rupert” or “the Company”) is pleased to provide an update on exploration activites at the Pahtavaara Project in the Central Lapland Greenstone Belt of Northern Finland. The Pahtavaara Project comprises a 290km2 contiguous land package and the permitted Pahtavaara mine with an inferred resource of 474kozs and a 1,400tpd mill and tailings facility.
James Withall, CEO of Rupert Resources commented “The drill results reported today build on the geological modelling and underground sampling work undertaken in 2018 and demonstrate the potential for additional resources to be defined at the Pahtavaara deposit. The zones discussed are all near to surface and close to existing infrastructure. The combination of improved understanding of controls on mineralisation at the mine and continuing exciting results from our regional exploration give confidence to our approach to unlock the potential of this prospective region.”
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190408 – Mine drilling at Pahtavaara
Rupert Resources Ltd (“Rupert” or “the Company”) is pleased to provide an exploration update for the Pahtavaara Project in the Central Lapland Greenstone Belt. Current activities are focused on adding to the 474koz Inferred resource at Pahtavaara from targets in Rupert’s 290km2 contiguous land package in close proximity to the 1400tpd permitted mill and tailings facility at the property.
James Withall, Chief Executive of Rupert Resources said “Our exploration efforts at the Pahtavaara Project continue to demonstrate the potential of the region. Further base of till (BoT) sampling gold anomalies have been identified near to the mine in the Arttu target area and at Area 1, a previously untested area in the south west of the licence that has been generated from our new detailed geophysics and regional geological interpretation. With three BoT rigs active and a ground gravity survey underway the team is excited about the potential to generate further BoT infill and diamond drilling targets over the coming months.”
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190301_ExplorationUpdate_BoT_Final
Rupert Resources Ltd (“Rupert” or “the Company”) is pleased to provide an exploration update for the Pahtavaara Project where base of till (BoT) sampling continues to delineate further gold anomalies in close proximity to the fully-permitted Pahtavaara mine and mill in the Central Lapland Greenstone Belt (“CLGB”) of Northern Finland. Drilling targets are emerging at the NE Extension and Arttu areas where further infill sampling with one rig is underway. The second rig has commenced sampling targets in the south west extents of the licence holding.
James Withall, Chief Executive of Rupert Resources said “The continuing positive results from Rupert’s BoT program are very encouraging, especially given their proximity to the mine infrastructure. On completion of the current infill sampling, diamond drilling programs will be planned to begin later this winter. “
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190115 – New BOT announcement vFINAL
Rupert Resources Ltd (“Rupert” or the “Company”) announces that it has today published unaudited financial results for the third quarter ending November 30, 2018 together with Management’s Discussion and Analysis for the same period. Both of the above will published on the Company’s website www.rupertresources.com and will also be available on SEDAR at www.sedar.com.
Operating highlights for the period at the Company’s projects in Finland are provided below. During the nine months ended November 30, 2018, the Company spent $4,937,215 (nine months ended November 30, 2017 – $6,070,112) on exploration and evaluation assets. As at November 30, 2018, the Company had cash and cash equivalents of $8,284,491.
James Withall. Chief Executive of Rupert Resources said “Rupert continues to advance its projects in Northern and Central Finland. The new geological interpretation completed for Pahtavaara over the summer has provided the basis for systematic exploration both near mine and across the licence. Following the successful completion of a $7.4million private placement in November, Rupert is now well funded to execute its exploration activities in 2019.”
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190107 – Q3 2018 results announcement
Rupert Resources Ltd (“Rupert” or “the Company”) provides an exploration update following the closure of its CAD7.4 million financing on November 30, 2018. Rupert has recommenced diamond drilling, targeting near-surface extensions to known mineralisation at the fully-permitted Pahtavaara mine and mill in the Central Lapland Greenstone Belt (“CLGB”) of Northern Finland. Rupert is also progressing its base-of-till drilling programme with two rigs focussed on defining new gold and base metals anomalies across its contiguous 290km2 regional licence holding. Rupert has allocated 75% of its 2018/19 exploration budget to the regional campaign with the balance on near mine resource work.
James Withall, Chief Executive of Rupert Resources said “Rupert made considerable technical advances through 2018 at its Pahtavaara Project, including completion of a new resource, which confirmed that mineralised system at Pahtavaara is significantly larger scale than previously considered; and a new geological interpretation showing potential for the discovery of significant orogenic gold deposits in the region. On the corporate front Rupert has raised over CAD12 million from supportive shareholders in two non-brokered private placements and completed the acquisition of two properties in Central Finland as well as adding to its contiguous land position in Central Lapland. Rupert is now well financed to advance new exploration targets.”
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181206 – Exploration update and recommencement of drilling
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Rupert Resources Ltd (“Rupert” or “the Company”) is pleased to announce that it has now closed its previously announced non-brokered private placement and has issued 9,249,000 common shares of the Company (“Common Shares“) at a price of $0.80 per Common Share for gross proceeds of $7,399,200 (the “Private Placement“).
The Company intends to use the proceeds from the Private Placement for its continued exploration program of the Pahtavaara project and general corporate purposes. The securities issued in connection with the Private Placement are subject to a four-month hold period, in accordance with applicable securities laws.
The Company has agreed to pay the following cash finder’s fees in respect of certain sales under the Private Placement: (i) to Smaller Capital Company, $10,000 and (ii) to Canaccord Genuity Limited, $3,504.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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181130 – Closing of non-brokered private placement
RUPERT RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Rupert Resources Ltd (“Rupert” or “the Company”) is pleased to announce that it intends to complete a non-brokered private placement of up to 10,000,000 common shares (“Common Shares“) of the Company at a price of $0.80 per Common Share for gross proceeds of up to $8,000,000 (the “Private Placement“).
The Private Placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the Private Placement will be subject to a four month hold period, in accordance with applicable securities laws.
The Company intends to use the proceeds from the Private Placement for its continued exploration program of the Pahtavaara project and general corporate purposes.
The Company may pay a commission or finder’s fee to eligible parties in connection with the Private Placement, subject to the approval of the TSX Venture Exchange and compliance with applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Rupert
Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol “RUP”. The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (“Pahtavaara”). Pahtavaara has an Inferred mineral resource at a 1.5 g/t Au cut off grade of 4.6 Mt at a grade of 3.2 g/t Au (474 koz) (see the technical report entitled “NI 43-101 Technical Report: Pahtavaara Project, Finland” with an effective date of April 16, 2018, prepared by Brian Wolfe, Principal Consultant, International Resource Solutions Pty Ltd., an independent qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects). The Company also holds a 100% interest in two properties in Central Finland – Hirsikangas and Osikonmaki; the Gold Centre property, which consists of mineral claims located in the Balmer Township, Red Lake, Ontario; and the Surf Inlet Property in British Columbia.
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