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Rupert Resources Reports New Drilling From Ikkari and Ikkari North. 2023/2024 Drilling Programme Commences
TORONTO / Aug 16, 2023 / Business Wire / Rupert Resources (“Rupert” or “The Company”) is pleased to report drill results from its 2022/23 exploration program at
About this update from Rupert Resources Ltd.
[{"type":"text","content":"TORONTO / Aug 16, 2023 / Business Wire / Rupert Resources (“Rupert” or “The Company”) is pleased to report drill results from its 2022/23 exploration program at its multi-million ounce Ikkari gold discovery at the 100% owned Rupert Lapland Project in Northern Finland. In November 2022, the company published a mineral resource estimate (“MRE”) and preliminary economic assessment (“PEA”) for the project demonstrating the potential for a high margin, low impact mine with a life of over 20 years (see November 28, 2022 press release and footnotes 1&2). HIGHLIGHTS Ikkari - Further results from Infill and extension program #123027 intersected 2.1 grams per tonne gold (“g/t Au”) over 52m from 228m including 4.4g/t Au over 10.0m from 249m highlighting higher grade mineralisation within the felsic unit in the northern part of the deposit. #123047 intersected 4.2 grams per tonne gold (“g/t Au”) over 72m from 235m including 6g/t gold over 10.3m from 247m and 13.1 g/t over 4m from 277m confirming the high-grade core in the central portion of Ikkari (see figure 3). #123055 intersected 1.7g/t Au over 52m from 108m confirm the continuity of mineralisation in an area of Inferred Mineral Resources within the felsic sediment unit to the west of the deposit. The hole also intersected 1.9g/t Au over 24m at depth from 424m including 8.4g/t Au over 1.0m and 8.8g/t Au over 2.0m up-dip from previously reported mineralisation at depth in the west of Ikkari. #123063 intersected 5.9 g/t over 9m from 540m (420m vertical) including 49.6 g/t Au over 1m extending the western plunging mineralisation at depth with a step out from hole #123026 (1.3g/t Au over 88.7m from 487.3m including 3.1g/t Au over 13.0m from 495m) reported earlier in the spring (see May 23, 2023 press release). #123080 intersected 1.3g/t Au over 43m from 565m (445m vertical) confirming the presence of wide zones of mineralisation beyond 450m vertical depth in the eastern parts of the deposit. Ikkari North (0.5km north of Ikkari) New drilling at Ikkari North successfully targeted the Eastern continuation of mineralisation hosted within an E-W structural corridor. Within this trend multiple intense breccia zones host gold and pyrite mineralisation. Drilling during the winter 2023 has extended the footprint of the mineralisation 200m to the east from previous drilling during the winter 2022 ...