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Rupert Resources drills 2.5g/t gold over 37M including 7.3g/t gold over 8m on eastern step-out extending Ikkari strike length to at least 650m and vertical depth to over 400m

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 results reported extend the strike length at Ikkari to at least 650m with mineralisation now believed to extend to a vertical depth of at least 400m (a 50% increase on the previous deepest intercept of 274m).  Further to this, more results from the central section of the Ikkari discovery continue to demonstrate both the high-grade potential and broad widths of mineralisation.

Highlights

  • Hole 120092, the easternmost step-out hole intersected 2.5g/t gold over 37m from 492m (385m vertical) including 7.3g/t gold over 8m from 521m (414m vertical) and including 41g/t gold over 1m, which is also the deepest intercept to date. These intercepts are on a 160m step out to the east of previously reported drill holes, indicating the mineralised strike extent is at least 650m.
  • Hole 120090 intersected 3.0g/t Au over 31m from 234m (175m vertical) and is a 68m step out along strike the east of previously reported sections.
  • Hole 120097 intersected 3.7g/t gold over 53m from 82m (73m vertical) including 8.2g/t Au over 13m from 109m (101m vertical) and is a scissor hole to previously reported 120080 again confirming grade continuity across a broad zone
  • Hole 120102 intersected 5.3g/t Au over 8m from 97m including 27.1g/t Au over 1m and 102.6g/t over 1.6m from 224m demonstrating some of the high-grade potential at Ikkari

Highlights only above. See table 3 for detailed results

James Withall, CEO of Rupert Resources commented “These new results from our initial step-out drilling to the east show that the true extent of the Ikkari mineralising system is yet to be defined. Drill holes on three separate traverses have successfully intersected mineralisation over significant widths, up to 160m away from previously reported results and at depths previously untested.  The strike at Ikkari has been increased by almost 50% since the first step-out holes were drilled in June with weighted average grade of the intercepts almost 25% higher.  Figure 2 in this release shows how dramatically the discovery has evolved in just the first 6 months of drilling.  We are now drilling potential depth extensions at Ikkari from the north and will report this along with results from the regional targeting program as assays become available.

For full release including tables and images please follow link below