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Rupert Resources Ltd.
Summary
| Project: | Pahtavaara | |
|---|---|---|
| Deposit: | Lower Karolina | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 4/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 20-4-2017: Rupert Resources Ltd. announces an Exploration/Drilling Update report for its Lower Karolina deposit at the Pahtavaara project. Drilling results incl. 9.0m @ 22.75g/t Au from 6.0m. Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture | |
| 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 5,159m of diamond drilling from 21 holes from surface and 23 holes from underground. This drilling, which is ongoing, targeted open areas the Karoliina zone on the south flank of Pahtavaara and targeted expansion of the North Flank Zone of the permitted Pahtavaara Mine in Northern Finland’s emerging Central Lapland Greenstone Belt. Mike Sutton, Director of Rupert said “These new drilling results indicate a thickening of the Karoliina zone and are found adjacent to a high grade 4.5 grams per ton of gold stope that was mined by the previous owners. The zone remains open at depth and to the west. Drilling has also indicated a thicker zone in the North Flank East with a 12 grams per ton of gold over 4m intersection, 50m below the known high grade mineralisation in North Flank East.” “Mining contractors have commenced working underground, with the initial focus being around the new discoveries close to existing infrastructure in the Karoliina zone,” added Brian Hinchcliffe, Executive Chairman of Rupert. “Mineralisation here is higher grade and open at depth and to the west and underground infrastructure here will allow us to drill at depth and open up several headings ahead of production. The results on the North Flank are encouraging because it provides us high grade optionality.” | |
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