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Rupert Resources Ltd.
Summary
| Project: | Pahtavaara | |
|---|---|---|
| Deposit: | Pahtavaara | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 4/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-4-2018: Rupert Resources Ltd. announces a Resource Estimation report for its Pahtavaara deposit at the Pahtavaara project. Updated inferred mineral resource estimate at project. Rupert Resources Ltd (“Rupert” or “the Company”) announces a baseline reso | |
| Resources: | (Resource, Inf.): 4.63Mt @ 3.2g/t Au for 474Koz Au | |
| CP/QP: | [Resources]: Brian Wolfe (International Resource Solutions Pty Ltd.) | |
| ABSTRACT: | Rupert Resources Ltd (“Rupert” or “the Company”) announces a baseline resource for its Pahtavaara Project in the Central Lapland Greenstone Belt of Northern Finland (the “Pahtavaara Project”). The Pahtavaara Project comprises a permitted 1,400tpd mill, 35km of underground infrastructure and a land package of 225km2 . The new Inferred Resource of 4.6Mt grading 3.2g/t Au (474koz) is reported using a 1.5g/t cutoff and is based on an updated geological interpretation of the deposit following a review all available data that has been collected over the past 30 years (see Table 1). The new estimate represents a significant uplift in grade and tonnage from the historically disclosed Measured and Indicated Resource of 1.3Mt grading 2.1g/t in Measured and Indicated categories (85koz) and 1.5Mt grading 1.8g/t in Inferred category (84koz) calculated using a 0.5g/t cutoff prepared in 2014 (see Rupert’s September 8, 2016 press release). The new resource includes over 50,000m of drilling completed by Rupert up to the end December 2017 along with drilling by the previous owners since the last resource estimate. The drilling has confirmed that the Pahtavaara deposit is demonstrably open at depth and along strike. The modelling work also estimated that 441koz has been mined from Pahtavaara historically (consistent with production data from 1996 to 2014) indicating a yield of over 2,000oz/vertical meter for the Pahtavaara Project. | |
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