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 (figure 1), 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.
- Hole 120069 intersected 3.0g/t gold over 171.2m from 19.8m (15m vertical) including 6.0g/t gold over 20m and 18.1g/t over 1m*. The hole targeted near surface mineralisation and confirms the high-grade mineralised zone over thick widths (see full assay log in table 4).
- Hole 120070 intersected a broad mineralised zone, 2.1g/t gold over 143.6m from 70.4m (52m vertical),80m along strike from previously reported holes 120066 and 120067 (see release from August 20, 2020).
- Hole 120072 intersects continuous mineralisation towards the north, with 1.5g/t Au over 200.9m from 9.1m (6m vertical),extending potential width up to 200m.
- Mineralisation begins from the base of till and has been intersected to at least 230m vertical depth, with potential strike of at least 550m
- Third drill rig added to accelerate programme
* highlights only, from 12 intercepts within the mineralised interval of >5g/t Au (see tables 3 and 4 for details)
James Withall, CEO of Rupert Resources commented “These are the best results so far from Ikkari and indicate potential for a very wide zone of gold mineralisation which, if sub-vertical, could be up to 200m horizontal width in the first complete section of the main zone, and with evidence of a higher-grade component. Ongoing drilling will attempt to further define the extent of the mineralised envelope at Ikkari which remains open in all directions with mineralisation shown to commence at surface to a vertical depth of at least 230m (the limit of current drilling).”
For full release including diagrams and tables please follow the link below