First results from winter drilling campaign, confirming Heinä South trend over 1km and including 1115 grams per tonne gold over 1 meter

Toronto (February 8, 2024) – Rupert Resources Ltd. (“Rupert” or the “Company”) reports new results from its Heinä South satellite target (located 1km from Ikkari). The results confirm the Heinä South mineralised trend to over 1km and provide evidence of broader mineralised zones not previously seen in this target area.

Highlights

Heinä South Extension Exploration – part of the “West of Ikkari” drill program

•  #124001 and #124002– intersected 24m at 1.1grams per tonne (“g/t”) Gold (Au) and 15m at 0.9g/t Au respectively from step-out drilling along the Heinä South trend extending the strike to west. The mineralised trend has now been drilled over a strike length in excess of 1km (Figures 2 and 3).
• #124006 – intersected 2m at 558g/t Au including 1m at 1115g/t Au, the highest-grade intercept drilled in Area 1 that has identified eight grass roots gold occurrences since 2018 (including the 4Moz¹ Ikkari Discovery (58.43Mt at a grade of 2.18grams per tonne gold in the Indicated category). 

Disciplined, systematic exploration to grow resource inventory continues

• The ongoing winter drill program is focussed on: (1) New targets in Area 1 (west of Ikkari) based on 2023 structural interpretation and higher resolution magnetic survey (Figure 1); (2) Ikkari depth and lateral extensions and (3) New generative discoveries within the 490km² land package, in particular along the 10km mineralized corridor east of Ikkari.

James Withall, CEO of Rupert Resources commented “Today’s results reiterate the exceptional prospectivity of this region and the potential to find satellite orebodies in close proximity to Ikkari where we have already demonstrated critical mass of over 4Moz.  Exploration activities including our grassroots base of till prospecting and follow-up diamond drilling with four rigs are now active will continue throughout the key winter season through to the end of April 2024”.