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Rupert Resources Ltd.
Summary
| Project: | Osikonmaki | |
|---|---|---|
| Deposit: | Osikonmaki | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 11/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-11-2018: Rupert Resources Ltd. announces a Resource Estimation report for its Osikonmaki deposit at the Osikonmaki project. Updated mineral resource estimate at the project. This mineral resource estimation report has been prepared by International Reso | |
| Resources: | (Resource, Inf.): 3.23Mt @ 2.7g/t Au for 276Koz Au contained | |
| CP/QP: | [Resources]: Brian Wolfe (International Resource Solutions Pty Ltd.) | |
| ABSTRACT: | This mineral resource estimation report has been prepared by International Resource Solutions Pty Limited and was commissioned by Rupert Resources Ltd. The report comprises an independent estimation of the mineral resources of the Osikonmäki Gold Project (“Osikonmäki” or “the Project”). Osikonmäki is wholly owned by BR Gold Mining Oy (hereinafter referred to as “BR Gold”) a wholly owned subsidiary of Northern Aspect Resources Ltd, which is in turn a 100% owned subsidiary of Rupert Resources Ltd (hereinafter referred to as "Rupert"). Location The Osikonmäki Gold Project is located in the southeast of Finland in Southern Savonia (Figure 1.2_1). It is located 4km SW of the municipality of Rantasalmi which is about 40km west of Savonlinna, the closest major town. The city of Kuopio is 120km to the north and is the closest major city with an airline connection. For project coordinates see Table 4.1_1. The Osikonmäki Gold Project is wholly owned by BR Gold which is in turn a wholly owned subsidiary of Northern Aspect Resources Ltd (hereinafter referred to as “NARL”). NARL is in turn owned by Rupert Resources Ltd, a company incorporated in British Columbia, whose office is at 82 Richmond Street East, Suite 203, Toronto, Ontario, Canada, M5C 1P1. NARL was acquired by Rupert in May 2018. See Figure 4.2_1 for the Corporate ownership structure. Geology The Osikonmäki gold deposit is situated within the Ladoga-Bothnian Bay Zone, which is interpreted as a Paleoproterozoic collisional suture, expressed principally by NW-trending faults and dextral shear zones. This zone contains most of the major sulphide deposits exploited in Finland to date, but discoveries such as the Osikonmäki deposit, indicate that there exists considerable potential for gold mineralisation as well, particularly in association with shear zone systems in granitoids (Kontoniemi and Nurmi, 1998). The bedrock of the area consists predominantly of metaturbidites intruded by variety of granitoids. The oldest supracrustal rocks are metasediments, overlain by a succession of volcanic lithologies commencing with felsic pyroclastics and followed by intermediate, mafic and ultramafic units. Intrusive rocks within the area adjacent to Osikonmäki include the synkinematic Osikonmäki pluton, the Hiltula granitoid, which belongs to the late kinematic Putkilahti complex, and the post-tectonic Pirilä-type granites (Kontoniemi and Nurmi, 1998). | |
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