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Rupert Resources Ltd.
Summary
| Project: | Pahtavaara | |
|---|---|---|
| Deposit: | Harpoon, NFE | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 11/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-11-2019: Rupert Resources Ltd. announces an Exploration/Drilling Update report for its Harpoon, NFE deposit at the Pahtavaara project. Drilling results incl. 5.0m @ 220.3g/t Au from 150.0m. TORONTO--(BUSINESS WIRE)--November 19, 2019--Rupert Resources | |
| Resources: | (Resource, Inf.): 4.63Mt @ 3.2g/t Au for 474Koz Au at Pahtavaara | |
| CP/QP: | [Overall Report]: Mike Sutton (Internal) | |
| ABSTRACT: | TORONTO--(BUSINESS WIRE)--November 19, 2019--Rupert Resources Ltd (“Rupert” or “the Company”) is pleased to report initial results from the first 1,200m of the planned 7,000m Pahtavaara mine exploration program (tables 1 & 2). These holes are outside of the current known resource, in areas of limited historic drilling and in close proximity to the existing open pits. James Withall, CEO of Rupert Resources commented “These extremely exciting results highlight the resource expansion potential that still exists at the Pahtavaara mine, adding new zones at Harpoon and extending a very high grade zone at NFE.“ “The drilling, planned using our latest geological model for the deposit, is demonstrating a far higher hit rate than in previous campaigns and has identified significant new mineralisation, near to surface and close to the mine infrastructure. The Pahtavaara deposit limits remain undefined, both along strike and below existing mine development which extends to 450m.” The drilling reported today was planned to test extensions to the known resource at Harpoon and the extent of a number of plunging high-grade shoots at NFE zone that have had limited historic drilling. Results from the drilling program could lead to significant increases in the existing resource in close proximity to the Pahtavaara mill. | |
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