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Rupert Resources Ltd.
Summary
| Project: | Pahtavaara | |
|---|---|---|
| Deposit: | Karoliina, Wilhelmiina, North Flank West | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 6/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 26-6-2017: Rupert Resources Ltd. announces an Exploration/Drilling Update report for its Karoliina, Wilhelmiina, North Flank West deposit at the Pahtavaara project. Drilling results incl. 6m @ 25.2g/t Au from 7m. Rupert Resources Ltd. (“Rupert” or the “Co | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mike Sutton (Not stated) | |
| ABSTRACT: | Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP, FSE: R05) reports results from a further 10,817m of diamond drilling, comprising 30 holes from surface and 44 holes from underground at the Pahtavaara Mine in Northern Finland’s emerging Central Lapland Greenstone Belt. This drilling targeted two of the five zones (Karoliina/Wilhelmiina and North Flank West, see Figure 1 below) identified as areas of near mine mineral potential in close proximity to existing infrastructure. Other zones with either assays pending or to be drilled over the next few weeks include the high grade North Flank East Zone, Samurai Zone in the lower levels of the mine workings and Lansi to the west of the main pit. James Withall, Chief Executive of Rupert said “The highlights of the results released today are a number of high grade intersections close to existing mine infrastructure as well an indication of a parallel zone to the north of the Karoliina and Wilhemiina zones. Whilst drilling remains focussed on targets close to the mine infrastructure, a reconnaissance fieldwork program has begun on the broader Pahtavaara property package. Initial prospecting work and geochemical sampling are underway to followup on targets identified from a review of historic sampling data and the interpretation of recent geophysics programs.” Of the 74 holes reported today, 44 intersected mineralisation of over 1 gram per ton of gold (“g/t Au”). The average drill hole length of this program of drilling was 100 - 150m targeting tighter centers and aimed to define mineralised blocks for stope planning. Full drilling results are set forth in Table 1 below. | |
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