Business
Rupert Resources Reports Results for 3 and 6 Months Ending August 31, 2021
TORONTO / Oct 20, 2021 / Business Wire / Rupert Resources Ltd (“Rupert” or the “Company”) announces that it has published its unaudited, condensed consolidated
About this update from Rupert Resources Ltd.
[{"type":"text","content":"TORONTO / Oct 20, 2021 / Business Wire / Rupert Resources Ltd (“Rupert” or the “Company”) announces that it has published its unaudited, condensed consolidated interim financial statements for the three and six months ending August 31, 2021 and accompanying Management’s Discussion and Analysis for the same period. Both of the above have been posted on the Company’s website www.rupertresources.com and on Sedar at www.sedar.com. James Withall, CEO of Rupert Resources commented “In a very short-time frame, we have clearly demonstrated our understanding of what has become a significant mineralized district through the delineation of a 3.95Moz baseline resource (49 million tonnes grading 2.5g/t Au) at Ikkari along with a number of further discoveries. As well as progressing our expansion and infill drill program at Ikkari as we move towards a PEA in mid-2022, we continue to apply the same proprietary base of till methodology and understanding that was used to discover Ikkari, with 40% of our 2021/2022 drilling budget allocated to new targets on a 595km2 enlarged land package in the Central Lapland Greenstone Belt. Our work programmes are fully funded for the next two years” Operating performance The work programs at the Rupert Lapland Project are designed to identify and evaluate the mineral potential contained in Rupert’s expanded 595km2 land package, including the Ikkari discovery and the Pahtavaara Mine. In July 2020 Rupert commenced a 60,000m diamond drill program to further evaluate six new discoveries made in an area within the licence package known as the Rupert Lapland Project, as well as continuing to generate new targets. At the end of September 2021 60,734m had been drilled since May 2020 including 41,238m at the Ikkari discovery. This program is being expanded over the 2021/22 winter season with the aim of expanding areas of known mineralisation and it is noted that Ikkari remains open at depth and along strike. Drill rigs from local contractors have been secured to execute Rupert work programs for the next two years, with circa 90,000m of diamond drilling budgeted for the remainder of 2021 and calendar 2022. 60% of drilling is budgeted for infill and extension drilling at Ikkari with the balance allocated to regional exploration. Post period the Company published a maiden National Instrument (“NI”) 43-101-compliant miner...