Rupert Resources

NEWS

Arkistot

3.0 g/t gold over 121.3m including 5.5g/t gold over 50m drilled at Ikkari expanding higher grade central section with depth extended

January 28, 2021 - 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 now at least 650m in total (figure 2) with mineralisation on all sections intersected to a depth of 300 to 500m. The drilling reported today increases maximum intersected vertical depth of mineralisation by 75m to 480m in the east (hole 120119) and by 100m to 320m in the west (holes 120100 and 120122). In the central section, the higher grade mineralised zone now extends to 320m depth within a broader mineralised envelope of almost 400m depth.

Highlights

  • Hole 120123 intersected 3.0g/t gold (“Au”) over 121.3m from 110.7m (100m vertical), including 5.5g/t over 50m* extending the high-grade mineralised zone. Further intercepts of 1.8g/t Au over 80m from 276m (250m vertical) and 1.3g/t Au over 40m from 378m (343m vertical) extend the depth of central mineralised section.
  • Hole 120122 extends the western mineralised zone deeper and southward, with multiple gold intercepts including 1.1g/t Au over 70m from 194m, andalso 1.3g/t Au over 45m from 325m and 1.3g/t Au over 23m from 421m (320m vertical).
  • Hole 120100, a scissor hole to 120122, intersected 2.4g/t Au over 22m from 265m (200m vertical)and2.4g/t over 32m from 333m (255m vertical) on the same section. These results extend the mineralisation below hole 120082 (3.0g/t Au over 188m, see release dated October 21, 2020) by 75 metres.
  • Hole 120119, the deepest hole drilled at Ikkari to date, intersected 3.1g/t Au over 7m from 546m, extending the mineralised envelope to at least 480m vertical depth

* highlights only - see tables 3 and 4 for details

James Withall, CEO of Rupert Resources commented “Drilling continues to expand the mineralised system at Ikkari with a coherent higher grade component emerging in the central part of the mineralised body, which remains open.  Importantly, we can continue to drill on a broad spacing given the continuity of these very wide zones of consistent grade.  We are still far from confirming the limits of the discovery and with drilling ramping up to three rigs in Area 1 and a strong balance sheet, we are well positioned to increase activity on this best-in-class, new grass roots discovery that was made just 8 months ago.”

For full release including images and tables please follow link below