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 significant new drilling from its Ikkari and Heinä South Discoveries.
Highlights
Infill drilling further continues to define high-grade gold sections within the footprint of September 2021’s maiden resource estimate:
Further results of the western part of the deposit also add broad zones of mineralisation:
New drilling at Heinä South, 1km northwest of Ikkari, has yielded further bonanza gold veins (quartz-carbonate) with intercepts including:
Ikkari has a National Instrument 43-101 inferred mineral resource estimate of 49 million tonnes (“Mt”) at 2.5 grams per tonne gold (“g/t Au”) for 3.95 million ounces (see Sept. 13, 2021 press release) 1. Approximately 80,000 metres (“m”) of drilling is planned for 2022; 60% focused on upgrading and expanding the Ikkari resource estimate, with the remainder allocated to regional exploration.
James Withall, CEO of Rupert Resources commented “We have now infilled the upper 300m of the Ikkari deposit which has confirmed exceptional continuity and grade to surface. Further results from Heinä South indicate that a significant scale mineralising system exists in the broader Area 1 exploration target where the average drill depth remains only 250m vertical with 79% of all holes yielding results in excess of our 0.6g/t Au cut-off grade. The team will be following up existing, and testing a number of new targets in the months ahead.”
