Rupert Resources Ltd (“Rupert” or the “Company”), a company advancing the multi-million-ounce Ikkari gold deposit and new regional discoveries at the company’s 100% owned Rupert Lapland Project in Northern Finland (Figure 1), is pleased to provide an update on drilling from its ongoing regional drilling campaign, with promising results received from targets proximal to its flagship Ikkari discovery and Pahtavaara mill (figure 2).
Ikkari has a maiden National Instrument 43-101 mineral resource estimate of 49 million tonnes (“Mt”) at 2.5 grams per tonne gold (“g/t Au”) for 3.95 million Inferred ounces (see Sept. 13, 2021 press release) 1 and a preliminary economic assessment (PEA) is planned for completion in H2 2022.
Ikkari North (0.5km north of Ikkari)
Blind (i.e. without base of till anomaly) drilling of new geophysical target intersected:
Further results from Heinä Central (1km north of Ikkari)
Sisnakka (10km south of Pahtavaara mill)
James Withall, CEO of Rupert Resources commented “In a little over three years this previously untested district has delivered a multi-million ounce gold deposit along with a number of smaller potential satellites. In parallel to advancing Ikkari through to PEA this year, we continue to apply our geological understanding of the area to improve our exploration model and methodology with the goal of making further discoveries of scale. Ikkari North is hidden mineralisation that has no surface expression and was discovered using a new deep geophysics survey. Sisnakka, 10km from the Pahtavaara mill, has been identified as part of a program targeting regional mineralising structures in similar geological settings.”