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Rupert Resources expands land package in Central Lapland Greenstone Belt to 595km2 through option of prospective ground from S2 Resources and new applications

Rupert Resources Ltd (“Rupert” or “the Company”, TSX-V: RUP) reports that it has entered into an option agreement (“Agreement”) with Sakumpu Exploration OY (“Sakumpu”), a 100% held subsidiary of ASX listed, S2 Resources (“S2”) (S2R.ASX) on two exploration licence applications (“Licences”) in the Central Lapland Greenstone Belt, Finland. The Company has also expanded its 100% owned land package through the application of new reservations and exploration licences.

Highlights

  • Option agreement with S2 adds 37km2 across two licences
  • Sikavaara West is located circa 400 metres east of Rupert’s Hirvi project where 2019 diamond drilling included intercepts of 38 metres at 1.4g/t gold from 52 metres in hole 119202, and 53 metres at 1.3g/t gold from 72 metres in hole 119209 (see release March 16, 2020)
  • Sikavaara East is located 16 kilometres west of Rupert’s standout Ikkari discovery, with potential for a similar structural setting as Area 1 (host to six discoveries including Ikkari)
  • Rupert’s land holdings in the Central Lapland Greenstone Belt now total 595km2 covering key regional structural settings modelled by our exploration team

James Withall, CEO of Rupert Resources commented “Our core focus remains the exploration and progression of the Ikkari Discovery. However, well-funded commercial exploration is still in its infancy in Central Lapland which has the potential to become a significant new gold camp. Rupert has opportunistically expanded its land package from 124km2 in 2016 to almost 600km2 today. We continue to apply our systematic and disciplined exploration approach to both our existing tenements and to ground which our team in Finland has identified as prospective for multi-million ounce gold discoveries based on their understanding of the regional geology and mineralising events that led to the deposition of Ikkari.”