Business
Rupert Resources Drills 62.7 Grams Per Tonne Gold (g/t) Over 11.9m and 220g/t Gold Over 5m at the Pahtavaara Mine
TORONTO--(BUSINESS WIRE)--Rupert Resources Ltd (“Rupert” or “the Company”) is pleased to report initial results from the first 1,200m of the planned 7,000m Paht
About this update from Rupert Resources Ltd.
[{"type":"text","content":"TORONTO--(BUSINESS WIRE)--Rupert Resources Ltd (“Rupert” or “the Company”) is pleased to report initial results from the first 1,200m of the planned 7,000m Pahtavaara mine exploration program (tables 1 & 2). These holes are outside of the current known resource, in areas of limited historic drilling and in close proximity to the existing open pits. Highlights Hole 119503 at Harpoon intersected multiple high grade zones: 5.6g/t over 6m from 69m, 13.8g/t over 3m from 83m and 62.7g/t over 11.9m (including 145g/t over 5m) from 169.6m, extending mineralisation to the north and below the existing NW open pit. Hole 119507 at NFE intersected 220.3g/t Au over 5m from 150m, including 2m at 550g/t Au. This hole extends mineralisation 29 metre down plunge from a previous intersection of 432g/t over 1m, hole 116051, and 40m down plunge from 245g/t over 1m, hole 116011. James Withall, CEO of Rupert Resources commented “These extremely exciting results highlight the resource expansion potential that still exists at the Pahtavaara mine, adding new zones at Harpoon and extending a very high grade zone at NFE.“ “The drilling, planned using our latest geological model for the deposit, is demonstrating a far higher hit rate than in previous campaigns and has identified significant new mineralisation, near to surface and close to the mine infrastructure. The Pahtavaara deposit limits remain undefined, both along strike and below existing mine development which extends to 450m.” Summary The drilling reported today was planned to test extensions to the known resource at Harpoon and the extent of a number of plunging high-grade shoots at NFE zone that have had limited historic drilling. Results from the drilling program could lead to significant increases in the existing resource in close proximity to the Pahtavaara mill. Harpoon Results from 7 holes drilled at the Harpoon area (figure 1) provide evidence that continuity exists in up to three plunging mineralised trends that occur beyond the northern margin of the historic NW open pit. Initial results from the drilling program have confirmed mineralisation outside of the current resource block model, along an E-W trend on 40m spacings. The intersections in two upper trends (figure 2) extend these zones beyond previous drilling by the Company in 2017. The very high grade intercept from 170m in hole ...