| Announcement Date: | 2021-11-29 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Rupert Resources Ltd. |
| Project name: | Ikkari |
| Location: | Finland |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 56m @ 1.0g/t Au, 1.6% Cu from 131m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | November 29, 2021 – 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, is pleased to announce new drill results that strengthen our Ikkari resource, demonstrate the potential for a satellite deposit, and introduce a high-grade copper component to mineralization in the district. Rupert announced on September 13, 2021 a National Instrument 43-101 inferred mineral resource estimate of 49 million tonnes (“Mt”) at 2.5 grams per tonne gold (“g/t Au”) for 3.95 million ounces1 . Rupert is well-funded to maintain momentum: the Company has contracted rig capacity capable of drilling a budgeted 90,000 metres (“m”) to the end of 2022. Approximately 60% of drilling will be focused on upgrading and expanding the Ikkari resource estimate, with the remainder allocated to a regional program targeting potential satellite orebodies and new discoveries of scale. |
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