Sun, 15 Sep 2019

TORONTO, ON / ACCESSWIRE / May 21, 2019 / Rupert Resources Ltd ('Rupert' or 'the Company') (TSX-V: RUP) reports significant diamond drilling intercepts representing new gold discoveries at its Area 1 target area, 15km from the Pahtavaara mill at the Pahtavaara Project in the Central Lapland Greenstone Belt of Northern Finland.

In a focused diamond drill program, two holes were planned to confirm separate targets and both intercepted sulphide mineralisation within distinct metasedimentary sequences. Significant intercepts include 10.5m grading 3.55g/t Au in hole 119032, 90m below a base of till anomaly of 21g/t Au. Hole 119033 intersected 2.0m grading 3.4g/t Au along with broad zones of lower grade gold and copper mineralisation associated with sulphides throughout the length of the hole (tables 1 & 2).

James Withall, CEO of Rupert Resources commented

'These new discoveries validate the systematic exploration program Rupert is undertaking and we look forward to testing multiple further targets, generated by the same methods, on Rupert's prospective 290km2 land package. The two headline intercepts are located 800m from each other, along different structures, with mineralisation hosted within a sequence of sulphide-rich metasediments and volcanic rocks, that have not previously been identified from historic geological studies. The fact that the mineralisation is hosted by sulphide-rich zones is conducive for using geophysics and possibly suggests potential for better continuity.'

The drilling reported today is from a reconnaissance drill program to test coincident base of till (BoT) and geophysical anomalies in the Area 1 target area along a 20km structural corridor (figure 1). The closest previously drilled gold mineralisation to the discoveries is 6km to the west at the Kutuvuoma property (previously operated as a satellite operation to Rupert's Pahtavaara mill) and 7km to the east at the Koppelokangas gold and base metals occurrence (previously drilled by Outokumpu). The Pahtavaara geology team continue to add to the existing inventory of drill-ready targets having recently received an updated geophysical interpretation, including data from a new ground gravity survey, which will provide the basis for an expanded follow-up drilling campaign in the area.

Figure 1. Rupert Resources regional target areas


Rupert's work in the Area 1 target area (figure 2) commenced in January 2019 with a planned 3,000 point BoT geochemistry program. Initial results from this program yielded several significant results with maximum values of 11 and 21g/t Au. This geochemistry program, combined with geophysical data from magnetic and gravity surveys, identified targets that were subsequently drilled in a 525m reconnaissance diamond drill program at the end of the winter drilling season.

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