Initial results reported from Hirvi satellite target including down hole intersections of 1.4 grams per tonnes gold over 38m from 52m and 1.3g/t Au 53m from 72m
Rupert Resources Ltd (“Rupert” or “the Company”) reports results from its Hirvi satellite project, drilled as part of its ongoing regional exploration program. The Hirvi Project is a known gold occurrence with limited historical drilling located in close proximity to the two permitted mills in the region – 53km north west of Rupert’s Pahtavaara mine and 19km south of the Kittilä mine operated by Agnico Eagle Mines (see figure 1).
• Hole 119202 intersected 1.4g/t Au over 38.0m supporting broad, structurally controlled quartz-sulphide mineralisation in historic RC drilling.
• Hole 119202 also intersected a parallel, near-surface zone of mineralisation grading 2.2g/t Au over 4m from 15m. This zone was supported by 1.5g/t Au over 7.0m from 58.0m in hole 119204.
• Hole 119209 extended the central mineralized zone to 100m vertical depth with 1.3g/t Au over 53.0m from 72m and hole 119205 intersected mineralisation at 160m vertical depth in the southern extent
• Strike extended from 140m in historic drilling to in excess of 300m by this program
James Withall, CEO of Rupert Resources commented “Initial results from a 1,881m program at the Hirvi target, one of seven advanced targets in Rupert’s exploration pipeline, successfully supported historic mineralisation and demonstrated potential for the wide mineralised zone at surface to extend to significant depth. This is a great result and adds to Rupert’s inventory of exploration discoveries at the Pahtavaara Project in Northern Finland. Following the $13.1 million strategic investment from Agnico Eagle Mines we are now expanding our regional exploration program to drill a further 25,000m over 2020 and further work is planned at Hirvi in the next few months to establish the potential to expand the prospect.”
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