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Rupert Resources Ltd.
Summary
| Project: | Pahtavaara | |
|---|---|---|
| Deposit: | Pahtavaara | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 3/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 1-3-2018: Rupert Resources Ltd. announces an Exploration/Drilling Update report for its Pahtavaara deposit at the Pahtavaara project. Drilling results incl. 17.0m @ 6.8g/t Au from 61.0m. TORONTO, March 01, 2018 -- Rupert Resources Ltd (“Rupert” or the “Co | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mike Sutton (Not stated) | |
| ABSTRACT: | TORONTO, March 01, 2018 -- Rupert Resources Ltd (“Rupert” or the “Company”) (TSX VENTURE:RUP) (FRANKFURT:R05) provides an update on its activities at the Pahtavaara Project in the Central Lapland Greenstone Belt in northern Finland. The Pahtavaara Project comprises 225km2 of contiguous licences, a permitted 1400tpd mill and 35km of underground infrastructure. The development of a new geological model of the Pahtavaara gold deposit has made significant advances and the understanding of the structural controls, chronology of alteration, veining and gold mineralisation events will be used to inform resource modelling that is currently underway. Since the last drilling update to the end of 2017 the company has completed a total of 13,927m, including 8,357m from surface (54 holes) and 5,570m from underground (30 holes). Near mine exploration drilling has continued in 2018 along with an extensive underground mapping and sampling program within existing mine infrastructure. Good ground conditions and extensive underground infrastructure provide the geology team excellent exposure from which to study the potential to extend mineralisation, beyond that which will be considered in the current resource modelling. James Withall, Chief Executive Officer of Rupert said, “The recent drill program was designed to begin to test our new geological model and has identified high grade structures and extensions at Pahtavaara. The results confirm the potential of the NFE zone to extend into the main Samurai and DB zones, the presence of near surface extensions at Karoliina, and evidence that the main Samurai zone mineralisation extends at depth beyond the mine development level below 450m. We continue to believe that the scale of the mineralising system at Pahtavaara is far larger than previous owners had considered.” | |
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