Announcement Date: 2022-06-07
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Rupert Resources Ltd.
Project name: Ikkari
Location: Finland
Commodities: Gold
Highlight: Drilling results incl. 59m @ 8.0g/t Au from 148m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: June 7, 2022 – 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 that new drilling (figure 1) at its flagship Ikkari discovery has extended near-surface, high-grade mineralisation. Ikkari has a 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 . Over 45,000 metres (“m”) of drilling has now been completed at Ikkari since its maiden resource statement (location of new holes see figure 1), focused on upgrading and exploring the limits of the Ikkari resource estimate. Results from six new holes at Ikkari (figure 1) have further confirmed near-surface, high grade mineralisation as well as adding to the depth of the mineralised zone. These results, from holes drilled mostly from the northern side of the deposit, during winter, confirm widths of the mineralised zones and improve continuity of high grades across the main mineralised zone by demonstrating the low variance of grade distribution. For example, in the eastern part of the deposit, hole 122057
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