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Rupert Resources drills 6.1 g/t gold over 110m from 183.6m and reports positive results from further metallurgical testwork

Rupert Resources Ltd (“Rupert” or “the Company”) reports new drill results from its Ikkari prospect, the focus of its ongoing 60,000m exploration programme at the 100% owned Pahtavaara Project in the Central Lapland Greenstone Belt, Finland (figure 1). The mineralised strike length at Ikkari is at least 650m in total (figure 2) with mineralisation on all sections intersected to a depth of at least 300 to 500m.

Highlights*

  • Hole 121019 intersected 6.1g/t gold (“Au”) over 110.4m from 183.6m with multiple high-grade zones (figures 2 and 3) throughout the intercept
  • Hole 121016 intersected 1.6g/t Au over 122m from 15m
  • Ikkari remains open at depth and along strike in both directions
  • New metallurgical test work confirms Ikkari is non-refractory with potential for simple process flowsheet with recoveries of 95 to >99%

* see tables 3 and 4 for full breakdown of intercepts

James Withall, CEO of Rupert Resources commented “We continue to de-risk the Ikkari discovery both from a geological and engineering perspective as we work towards a maiden resource this summer. These new drill results from near-surface infill sections indicate good continuity of the high-grade core at Ikkari, with the new intercept from 121019 over double the average grade at Ikkari. The new metallurgical testwork received confirms Ikkari is non-refractory with processing to final product achievable using an extremely simple flowsheet with minimal environmental impact.  Located <5km from 220kV transmission, we expect Ikkari to have access to a 100% renewable low-cost power source with the potential for extremely low carbon emissions.”

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