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Rupert Resources drills 1.3g/t gold over 172.4m from surface, 2.0g/t gold over 71.2m from surface, 1.2g/t gold over 130.5m from 166m and 2.1g/t gold over 31m extending the strike and width of the Ikkari discovery

Rupert Resources Ltd (“Rupert” or “the Company”) reports new drill results from its ongoing exploration programme at the 100% owned Pahtavaara Project in the Central Lapland Greenstone Belt, Finland.

The Company has demonstrated further scale to the significant gold-hosting structural zone at the recently identified Ikkari discovery.  The target was identified using base of till sampling at Area 1, a 5km long highly prospective section of a regional domain-bounding structure, 20km of which is contained within Rupert’s contiguous land holding. Two rigs are currently active at Ikkari, targeting areas that could expand the currently identified envelope of mineralisation.  

Highlights

  • Hole 120065 intersected 2.1g/t gold over 31.0m from 53m including 23.7g/t gold over 1m.  The hole targeted near surface mineralisation and extends the known strike eastwards.
  • Hole 120066 intersected two broad mineralised zones, 2.0g/t gold over 71.2m from surface and 1.2g/t gold over 130.5m from 166m including 25m at 3.0g/t gold.  This was a scissor holedrilled between previously reported holes 120038 and 120042 in the western part of the discovery, demonstrating the very broad width and grade of the mineralisation. The hole ended in mineralisation.
  • Hole 120067 intersected 1.3g/t gold over 172.4m from surface including 12m at 2.6g/t gold with the hole ending in mineralisation, extending the known limits 100m to the north of previously reported holes including 120042 (1.8g/t gold over 137.2m).

James Withall, CEO of Rupert Resources commented “These initial holes represent just 1200m of the planned 50,000m regional programme and continue the success of previous drilling at the significant Ikkari discovery. The mineralised envelope of the system remains open in all directions and further results will be released as they become available in the weeks ahead.”