May 21, 2020 – Rupert Resources Ltd (“Rupert” or “the Company”) reports results from ongoing exploration activities at the 100% owned Pahtavaara Project in the Central Lapland Greenstone Belt, Finland.
The Company has completed 8,858m of exploration drilling at the Pahtavaara Mine, since October 2019, successfully defining multiple new high grade gold intersections outside of the current known resource, in areas of limited historic drilling and in close proximity to the existing open pits and underground infrastructure.
T-Vein and East Vein lie to the south of main trend targeted by prior operators in a relatively underexplored area of the Pahtavaara mine. The strike length of this structure is 600m and potentially links to the Karoliina zones in the west.
- Hole 120501 intersected 15g/t over 1.7m from 55m (including 20.2g/t over 1m and 7.5g/t over 0.7m) and 9.7g/t over 4m from 85m (including 33g/t over 1m) representing the up-dip extension of two zones at the westward end of the T-Vein structure.
- Holes 120332, 120342 and 120350, drilled from underground, intersected 5.9g/t over 5m (including 25.6g/t over 1m) and 27g/t over 3.9m (including 51.3g/t over 2m) and 9.3g/t over 4.0m (including 34.5g/t over 1m) respectively. These define up-plunge extensions up to 80m eastward of known T-Vein mineralisation at vertical depth of 250m below surface.
- Holes 220022, 220026 and 220027 intersected 13.1g/t over 7m from 27m (including 21.4 g/t over 4m), 28.2g/t over 1m from 28m and 17g/t over 2m from surface (including 33.4g/t over 1m) respectively. These shallow holes drilled at the East Vein structure confirm historic intercepts in the area and potential for further high-grade plunging shoots that may extend to depth.
James Withall, CEO of Rupert Resources commented
“The exploration at the mine since late 2019 demonstrates the effectiveness of systematic drill targeting based on our new geological model at the mine. The results show continuity of the gold mineralisation, define extensions to surface and very high-grade intersections compared to previous mining and resource statements. This drilling will contribute to an updated resource in the coming months. More importantly, it has provided the geological confidence to step out drilling further to explore potential extensions to the known deposit.”
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