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Rupert Resources Drills 6.1 g/t Gold Over 110m From 183.6m and Reports Positive Results From Further Metallurgical Testwork at Ikkari
TORONTO, Ontario / Apr 06, 2021 / Business Wire / Rupert Resources Ltd (“Rupert” or “the Company”) reports new drill results from its Ikkari prospect, the focus
About this update from Rupert Resources Ltd.
[{"type":"text","content":"TORONTO, Ontario / Apr 06, 2021 / Business Wire / Rupert Resources Ltd (“Rupert” or “the Company”) reports new drill results from its Ikkari prospect, the focus of its ongoing 60,000m exploration programme at the 100% owned Pahtavaara Project in the Central Lapland Greenstone Belt, Finland (figure 1). The mineralised strike length at Ikkari is at least 650m in total (figure 2) with mineralisation on all sections intersected to a depth of at least 300 to 500m. Figure 1. New discoveries and base of till anomalies at Area 1 Highlights* Hole 121019 intersected 6.1g/t gold (“Au”) over 110.4m from 183.6m with multiple high-grade zones (figures 2 and 3) throughout the intercept Hole 121016 intersected 1.6g/t Au over 122m from 15m Ikkari remains open at depth and along strike in both directions New metallurgical test work confirms Ikkari is non-refractory with potential for simple process flowsheet with recoveries of 95 to >99% * see tables 3 and 4 for full breakdown of intercepts Figure 2. Location of new drilling results at the Ikkari target Figure 3. Simplified geological cross section showing drill holes 121016 and 121019 James Withall, CEO of Rupert Resources commented “We continue to de-risk the Ikkari discovery both from a geological and engineering perspective as we work towards a maiden resource this summer. These new drill results from near-surface infill sections indicate good continuity of the high-grade core at Ikkari, with the new intercept from 121019 over double the average grade at Ikkari. The new metallurgical testwork received confirms Ikkari is non-refractory with processing to final product achievable using an extremely simple flowsheet with minimal environmental impact. Located <5km from 220kV transmission, we expect Ikkari to have access to a 100% renewable low-cost power source with the potential for extremely low carbon emissions.” Summary of new drill results Holes 121016 and 121019 are drilled on the first infill section at Ikkari, reducing the section spacing to 40m across the main mineralised zone. Previous drilling on 80m-spaced sections identified broad thicknesses of gold mineralisation with a high-grade component and these infill holes confirm both the extent of the broad mineralised halo as well as the high-grade mineralised zone in the near-surface environment. Multiple high-grade intercepts from...