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Rupert Resources Reports Updated Regional Geological Interpretation Highlighting the Prospectivity for Further Orogenic Style Gold Occurrences
TORONTO, July 30, 2018 (GLOBE NEWSWIRE) -- Rupert Resources Ltd (“Rupert” or “the Company”) (TSX-V:RUP) (FSE:R05) reports an updated regional geology interpreta
About this update from Rupert Resources Ltd.
[{"type":"text","content":" TORONTO, July 30, 2018 (GLOBE NEWSWIRE) -- Rupert Resources Ltd (“Rupert” or “the Company”) (TSX-V:RUP) (FSE:R05) reports an updated regional geology interpretation for the Pahtavaara Project in the Central Lapland Greenstone Belt (“CLGB”) of Northern Finland (the “Pahtavaara Project”). The Pahtavaara Project comprises a permitted 1,400tpd mill, 35km of underground infrastructure and a contiguous regional land package of 290km2. James Withall, Chief Executive of Rupert Resources said “The updated geological interpretation reported today is the culmination of a number of work programs over the past 12 months and is a demonstration of the results of the systematic approach the Company has taken towards exploration at the Pahtavaara Project. The Company acquired a vast amount of existing data with the Pahtavaara asset and has been able to combine that with high resolution UAV magnetic surveys and updated geological and structural mapping, to develop a comprehensive new regional structural geological and mineralisation model. The results demonstrate the potential for further significant orogenic gold occurrences to be discovered within the licence area held by the Company.” Summary Rupert’s unique situation, having acquired a fully developed mine at Pahtavaara, has been key to the ability to rapidly develop an understanding of the geological and structural controls on mineralisation through the exposure that the underground mine and open pits provide. Furthermore, the acquisition brought with it an extensive licence package that was under application covering 124km2 along approximately 30km of the CLGB. Rupert has had these applications granted along with further licences and reservations currently totalling 290km2. The licence area is outlined in the figures below, demonstrating the Company has contiguous holdings covering much of the interpreted prospective geology. The Pahtavaara Project area lies in a domain hosting the confluence of regional scale faults that likely link to crustal scale fracture meshes. Several orders of faulting are represented, which are necessary for crustal scale fluid flow and focussing that can result in deposit formation. Figure 1 below shows an extract of the regional study that covered an area of over 10,000km2. The grey shading areas indicate the main structural zones defined from ...