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Rupert Resources Ltd.
Summary
| Project: | Pahtavaara | |
|---|---|---|
| Deposit: | Pahtavaara | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 3/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 1-3-2017: Rupert Resources Ltd. announces an Exploration/Drilling Update report for its Pahtavaara deposit at the Pahtavaara project. Drilling results incl. 2.75m @ 34.3g/t Au from 33.75m. Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exc | |
| 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 9,666m of diamond drilling from 41 holes from surface and 42 holes from underground. This drilling, which was undertaken through November 2016 to January 2017, targeted step-out mineralisation of the Karoliina zone on the south flank of Pahtavaara and infill and step-out drilling of the North Flank West of the permitted Pahtavaara Mine in Northern Finland’s emerging Central Lapland Greenstone Belt. “These new drilling results have successfully extended the mineralized envelope at Karoliina to the west, to depth, and to surface, and drilling along the North Flank is delineating multiple mineralized horizons,” said Mike Sutton, Director. “The North Flank zones provide immediately accessible mineralization.” “We are pleased to have launched this week, infrastructure projects that will modernize the pumping system and deploy a low cost communication system underground at Pahtavaara that will have near fiber optic capability,” added Brian Hinchcliffe, CEO. “The first mining contractors started up this week as well, with development mining to commence April 1. We are also pleased to report that the licenses for the Pahtavaara mine and concessions have been officially transferred into the name of the Company by the Finland mining authorities.” | |
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