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Rupert Resources Ltd.
Summary
| Project: | Pahtavaara | |
|---|---|---|
| Deposit: | Pahtavaara | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 9/20/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 20-9-2016: Rupert Resources Ltd. announces an Exploration/Drilling Update report for its Pahtavaara deposit at the Pahtavaara project. Drilling results incl. 4.1m @14.6g/t Au from 123m. Rupert Resources Ltd. ("Rupert" or the "Company") (TSX Venture Exchan | |
| 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) announces that it has received the last drill results of its first exploration campaign on the permitted Pahtavaara gold mine in Northern Finland, which the Company recently exercised its option to acquire (see the Company's August 30, 2016 press release). "Our first 3000m of drilling at Pahtavaara yielded some significant high grade intersections to the west of the existing mine development in the recently discovered Karoliina zone and also in a new zone on the North Flank East, which is also within close proximity (200m) to underground mine development," said Brian Hinchcliffe, Rupert's President and CEO. "We are continuing with our recently launched extensive drilling campaign to infill historic resources - especially in the higher grade Karoliina zone - before commencing step out drilling along known structures by year end." The Company is pleased to announce the results of assays returned from 10 holes (1,319 m) including two holes in the known Karoliina zone containing abundant fine visible gold. Significantly, holes 116016 and 116017 returned intersections of 14.6 grams per ton of gold ("g/t Au") over 4.1m and 8.3 g/t Au over 5.6m, respectively, including 1.0m of over 53.5 g/t Au in hole 116016 and 3.8m of 11.5 g/t Au for hole 116017. See the table below for more detailed results. The second phase of exploration continues, with drilling, chip sampling of open pits, trenches, and underground horizons, IP geophysics, soil sampling, and till work either underway or soon to be implemented. | |
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