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Rupert Resources Reports New Results From Its Heinä Central and Ikkari Drill Programs
TORONTO / Nov 29, 2021 / Business Wire / Rupert Resources Ltd (“Rupert” or the “Company”), a company advancing the multi-million-ounce Ikkari gold deposit and n
About this update from Rupert Resources Ltd.
[{"type":"text","content":"TORONTO / Nov 29, 2021 / Business Wire / Rupert Resources Ltd (“Rupert” or the “Company”), a company advancing the multi-million-ounce Ikkari gold deposit and new regional discoveries at the company’s 100% owned Rupert Lapland Project in Northern Finland, is pleased to announce new drill results that strengthen our Ikkari resource, demonstrate the potential for a satellite deposit, and introduce a high-grade copper component to mineralization in the district. Rupert announced on September 13, 2021 a National Instrument 43-101 inferred mineral resource estimate of 49 million tonnes (“Mt”) at 2.5 grams per tonne gold (“g/t Au”) for 3.95 million ounces1. Rupert is well-funded to maintain momentum: the Company has contracted rig capacity capable of drilling a budgeted 90,000 metres (“m”) to the end of 2022. Approximately 60% of drilling will be focused on upgrading and expanding the Ikkari resource estimate, with the remainder allocated to a regional program targeting potential satellite orebodies and new discoveries of scale. HIGHLIGHTS Heinä Central: New drilling demonstrates both the satellite potential at Heinä Central, located 1 kilometre (km) north of Ikkari, and highlights associated high-grade copper (“Cu”) potential with multiple intervals including copper grades in excess of 1% (tables 1 and 2a) . High-grade copper: Hole #121088 returned 1.0 g/t Au and 1.6% Cu over 56m from 131m (101m vertical), including 2.4g/t Au and 3.9% Cu over 10m. High-grade gold: Potential indicated by Hole #121116 which intersected 40.3g/t Au over 6.7m, including 259g/t Au over 1m from 104m Previously reported metallurgical work indicates potentially straightforward processing. Ikkari: Six new drill holes from Ikkari (tables 1 and 2b) strengthen the resource on tighter drill spacing with high-grade gold underground potential indicated by drill hole #121115, which returned 7.7 g/t Au over 30m from 457m (375m vertical). Circa 20 holes pending James Withall, CEO of Rupert Resources commented “In a very short-time frame, we have clearly demonstrated our technical understanding in delineating what is becoming a significant mineralized district. Leveraging our exploration methodology, we have advanced from discovery to delineation of a baseline resource of scale at Ikkari in a very efficient timeline, and our regional program continues to show the distri...