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Rupert Resources Ltd.
Summary
| Project: | Pahtavaara | |
|---|---|---|
| Deposit: | Karoliina | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 1/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 10-1-2017: Rupert Resources Ltd. announces an Exploration/Drilling Update report for its Karoliina deposit at the Pahtavaara project. Drilling results incl. 2.0m @ 32.8g/t Au from 169m. Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchan | |
| 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) is pleased to announce assay results from an additional 26 surface diamond holes (3,528m) drilled into the large, open Karoliina zone that was discovered prior to mine’s closing in May 2014. The permitted Pahtavaara gold mine is located in Northern Finland in the emerging Central Lapland Greenstone Belt. In 2016, Rupert drilled 12,293m from surface and 3,209m from underground, balancing the requirements for production infill drilling and exploration. The results of additional holes from the 8,951m of drilling will be released in the next few weeks as assays are received and interpreted. The areas of focus at Pahtavaara and location of drilling in Karoliina can be found in the accompanying figures 1 and 2. “This round of drilling advanced the 500,000t Karoliina zone and importantly, indicated the emergence of a thick plunge zone parallel to previously mined deposits and in close proximity to the Karoliina development,” said Brian Hinchcliffe, CEO of Rupert Resources. “Of particular significance in these results however, is that this closer spaced drilling indicated higher grade potential at Pahtavaara. We have also had further success at the western extremity of the Karoliina zone which remains open at depth and to the west.” | |
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