New results from winter drilling campaign at Heinä South including 10.5g/t Au over 24.4m including 112.5g/t over 2m

Toronto (May 1, 2024) – Rupert Resources Ltd. (“Rupert” or the “Company”) reports follow-up assay results from the Heinä South satellite target (located 1km from Ikkari, Figure 1) and project drilling at Ikkari. The results from exploration drilling at Heinä South extend the broader mineralised zone to over 250m strike length and 200m vertical extent and include high-grade intercepts such as #124061 which intersected 10.5g/t Au over 24.40m including 112.5g/t Au over 2m (Figure 2). Project drilling at Ikkari continues to provide intercepts of exceptional width and grade continuity, increasing confidence in the ~4Moz Indicated Resource (see press release 28^th November 2023).

Highlights

Heinä South

• #124061 intersected 24.40m at 10.5g/t Au from 65m downhole (40m vertical) including 2m at 112.5g/t Au. This is the highest-grade intercept to date within the broader, more continuous mineralised trend and suggests that mineralisation sub-crops below the ~10-15m of glacial overburden present at Heinä South (Figure 3).
• #124027 intersected 29m at 1.9g/t Au from 231m including 1m at 26.7g/t Au and #124023 intersected 23m at 1.4g/t Au from 58m including 1m at 8.2g/t Au both within the same mineralised zone that has been successfully defined over 250m of strike length and to a depth of 200m below surface, it remains open in all directions (Figure 4).  

Ikkari

• Project drilling at Ikkari continues to produce exceptional intercepts which confirm the high-grade core such as #124038: 24m at 11.4g/t Au, including 3m at 37.0g/t Au and the broader mineralisation present at the deposit typified by #124036: 139.80m at 2.0g/t Au. (Figure 5 and Figure 6).

James Withall, CEO of Rupert Resources commented “These exciting results from Heinä South demonstrate the potential for higher-grades within the more continuous mineralisation which we have now traced over a strike length of 250m. Exploration, focussed on Heina South, along with extensional and project drilling at Ikkari, has been the focus of our winter drilling campaign. During the winter season we have followed-up promising intercepts, at shallow depths, to the west of the Heinä South trend which has the potential to become a satellite ore body to the 4Moz Ikkari deposit.  Project drilling at Ikkari continues to both increase confidence in the Mineral Resource Model and provide additional material ahead of the next round of metallurgical test work which will feed into future, more advanced engineering studies.”