Toronto (September 3, 2024) – Rupert Resources Ltd. (“Rupert” or the “Company”) provides an update on the Ikkari project demonstrating exceptional gold recoveries, further significant drill intercepts and an exploration update and outlook for the upcoming season.
Highlights
Ikkari Metallurgy
- Ikkari Pre-Feasibility Study (“PFS”) metallurgical test work is complete demonstrating exceptional gold recoveries from a simple gravity and leach circuit.
- Bulk sample demonstrated 96.4% Au recovery from a head grade of 1.99g/t including a significant gravity recoverable gold component.
- Variability samples returned recoveries between 93.4% and 98.8% highlighting the consistent high recoveries across a range of head grades.
Ikkari Drilling
- #124054 intersected 192m at 3.6g/t Au from 39m downhole (30m vertical), including 12.45m at 9.8g/t Au from 123.25m (Figures 5 and 6). It is the fourth-best intercept achieved to date at Ikkari with 691 gram x meters (see Table 1 for details). This metallurgical hole demonstrates once again the potential for Ikkari to deliver exceptional grades and continuity.
- #124057 intersected 35m at 6.3g/t Au from 124m downhole (95m vertical) including 6m at 13.5g/t Au from 149m. This geotechnical drillhole was principally designed to intersect the southern wall of the open pit in an area underrepresented in geotechnical data.
- #124044 intersected 39m at 1.2g/t from 47m and 19.4m at 1.4g/t from 99m in a geotechnical hole informing the western sector of the planned open pit design.
Regional Exploration
- #124065 intersected 2m at 13.2g/t Au from 59m downhole including 1m at 25.2g/t Au from the Heinä South northern high-grade zone whilst #124070 intersected 18m at 0.9g/t Au and 14m at 1.3g/t Au in the southern breccia zone. Further extensions to both the high grade and the broader southern breccia zone are a key focus this coming winter with the aim of adding to the project resource inventory.
- Seven (7) priority targets ranging from follow-up drilling on targets that have yielded promising intercepts to completely untested targets, have been highlighted for drill testing in the winter 2024/2025 drill season
James Withall, CEO of Rupert Resources commented “As we work towards completion of the PFS, the best-in-class metallurgical results reported today show the potential to further increase the future revenues from Ikkari whilst at the same time simplifying the process plant design. We have also published further drilling results which confirm the exceptional grade and continuity in the upper levels of the Ikkari orebody and indicate satellite orebody potential 1km to the northwest at Heinä South. After a summer of field mapping and sampling, drilling has now recommenced on our regional exploration targets and the team have a number of high priority programs as we head into the autumn and winter season.”
