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).
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230816303158/en/
Figure 1. Overview of relative locations
of Ikkari and Ikkari North (plan view) (Photo: Business Wire)
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 (see previous press
release dated August 17, 2022).
- #123059 intersected 2.7g/t Au over 35.1m from 233.1m (165m
vertical) including 56.6g/t Au over 1.0m
- #123069 intersected 1.1g/t Au over 14.6m from 291.4m
including 4.3g/t Au over 0.5m
James Withall, CEO of Rupert Resources commented “Diamond
drilling for the 2023/24 season has commenced on several targets
with the base of till program set to resume in September after the
summer break. The results published today highlight the potential
of the mineralising system in Area 1 to yield more discoveries. A
significant portion of the drilling in 2022/23 was allocated to
infill drilling to upgrade the confidence level of Ikkari resource
ahead of the upcoming pre-feasibility study; with this work behind
us, the focus can switch back to exploration, both in Area 1 and
along the 15km structural corridor extending eastwards from the
multi-million ounce Ikkari discovery where new base of till and
geophysical anomalies have been identified.”
Ikkari deposit drilling
The 2022/23 infill and exploration drill program at Ikkari
successfully extended the mineralised envelope at depth to the west
and across the strike extent of the deposit (see figures 2 &
3). Infill drilling successfully targeted areas of Inferred
resource present within the open pit defined in the PEA and down to
approximately 450m vertical depth. The database for assays to be
included in an updated NI 43-101 MRE, the basis of a
pre-feasibility study to be completed in H1 2024, was closed at the
end of June 2023 and the aim is to complete the update in Q4
2023.
Ikkari North
The Ikkari North target was identified from the MT-IP survey
conducted in spring 2022 and was the first discovery made in Area 1
that was not identified using Base of Till (“BoT”) sampling. The
survey identified a strong north-dipping chargeability anomaly that
projects towards surface approximately 500m to the north of the
Ikkari deposit. The recent drilling has expanded the footprint of
this discovery a further 200m to the east. Drilling at Ikkari North
is constrained to the winter season and further follow-up drilling
is restricted at this time.
2023/24 exploration
campaign
The 2023/24 exploration drilling program has now commenced.
Following a further update to our geological model and structural
interpretation of Area 1, and the completion of the immediate
requirements for Ikkari infill drilling, the focus of the drilling
is returning to exploration. Figure 1 shows the drilling to date in
the immediate area encompassing Ikkari, Ikkari North, Heina South
and Heina Central.
Drilling to date outside of the Ikkari deposit has been limited
and focused on testing surface anomalies identified through base of
till drilling. The aim for the upcoming season is to systematically
explore the potential extensions to the key mineralising structures
identified from the updated geological model at Ikkari. The work in
this area will include: extension testing of the Ikkari deposit to
the west and along the contact with black shale to the east;
potential for continuity between Ikkari North and Heina South and
extensions of the Heina Central system southwards – See Figure
5.
Further exploration is also underway at a number of targets that
have been identified along the original 20km domain boundary, the
initial regional target structure identified in 2019. Base of till
was completed on these targets as part of the 2022/23 programme and
systematic drilling of these has now begun where access is possible
in the summer and will be continued during the winter – See Figure
6.
Ikkari Project Update
The pre-feasibility study (“PFS”) for the Ikkari project has now
begun and is being led by Rupert’s owner’s team and consultancy
firm WSP. The PFS metallurgical test work is now underway and the
mineral resource update for the Ikkari deposit should be concluded
by the end of Q4 2023. In conjunction with the PFS our
environmental impact assessment (“EIA”) programme work is also
underway and feedback from stakeholders has recently been received
allowing evaluation of additional work required to be incorporated
into the preparation of the EIA report in mid-2024.
The Company has continued to add to the strength of the Ikkari
development team with the recruitment of Tuula Roimaa as Principal
Process Engineer. Tuula previously held the roles of Chief
Metallurgist for Boliden’s Kevitsa base metals operation and Chief
Metallurgist at Agnico Eagle’s Kittila mine and has extensive
experience in both gold and base metals recovery.
Figures
& tables
Figures and tables featured in the release include:
- Figure 1. Overview of relative locations of Ikkari and Ikkari
North (plan view)
- Figure 2. Location of new drilling at Ikkari, plan map
- Figure 3a & 3b. Cross sections through Central Ikkari
- Figure 4. Location of new drilling at Ikkari North, plan
map
- Figure 5. Rupert’s Area 1 2023/24 exploration plans.
- Figure 6. Rupert’s regional licence holding and 2023/24
exploration plans.
- Table 1. Collar locations of new drill holes in Ikkari
- Table 2. New Intercepts from drilling in Ikkari
- Table 3. Collar Location of new drill holes in Ikkari
North
- Table 4. New Intercepts from drilling in Ikkari North
Geological
interpretation
Ikkari was discovered using systematic regional exploration that
initially focused on geochemical sampling of the bedrock/till
interface through glacial till deposits of 5m to 40m thickness. No
outcrop is present, and topography is dominated by low-lying swamp
areas.
The Ikkari deposit occurs within rocks that have been regionally
mapped as 2.05-2.15 billion years (“Ga”) old Savukoski group
greenschist-metamorphosed mafic-ultramafic volcanic rocks, part of
the Central Lapland Greenstone Belt (“CLGB”). Gold mineralisation
is largely confined to the structurally modified unconformity at a
significant domain boundary. Younger sedimentary lithologies are
complexly interleaved, with intensely altered ultramafic rocks, and
the mineralized zone is bounded to the north by a steeply N-dipping
cataclastic zone. Within the mineralised zone lithologies,
alteration and structure appear to be sub-vertical in contrast to
wider Area 1 where lithologies generally dipping at a moderated
angle to the north.
The main mineralized zone is strongly altered and characterised
by intense veining and foliation that pervasively overprints
original textures. An early phase of finely laminated grey
ankerite/dolomite veins is overprinted by stockwork-like irregular
siderite ± quartz ± chlorite ± sulphide veins. These vein arrays
are often deformed with shear-related boudinage and in situ
brecciation. Magnetite and/or haematite are common, in association
with pyrite. Hydrothermal alteration commonly comprises
quartz-dolomite-chlorite-magnetite (±haematite). Gold is hosted by
disseminated and vein-related pyrite. Multi-phase breccias are well
developed within the mineralised zone, with early silicified
cataclastic phases overprinted by late, carbonate- iron-oxide-
rich, hydrothermal breccias which display a subvertical control.
All breccias frequently host disseminated pyrite, and are often
associated with higher gold grades, particularly where magnetite or
haematite is prevalent. In the sedimentary lithologies, albite
alteration is intense and pervasive, with pyrite-magnetite (± gold)
hosted in veinlets in brittle fracture zones.
Ikkari North is the characterised by broad, 100-200m wide
intersections of fine-grained Savukoski sediments between mafic
intrusive bodies. The sediments are pervasively carbonate altered
and in places brecciated such that rafts of the wall rock occur in
a carbonate matrix. Variable amounts of disseminated and
semi-massive pyrite occurs at the contacts to preserved rafts of
sediments within the matrix. Assays and observations of visible
gold grains, indicate that these pyrite zones are variably
mineralised with gold. Higher grade zones are associated with
silica-sericite alteration and quartz veining that is confined to
siltstone units within the larger brecciated domain.
Review by Qualified Person, Quality Control and
Reports
Craig Hartshorne, a Chartered Geologist and a Fellow of the
Geological Society of London, is the Qualified Person, as defined
by National Instrument 43-101, responsible for the accuracy of
scientific and technical information in this news release.
The majority of samples are prepared by ALS Finland in either
Sodankylä or Outokumpu. Fire assays are subsequently completed in
ALS Romania whilst multielement analysis is completed in Ireland or
Sweden. A minority of samples are prepared by Eurofins Laboratory
in Sodankylä and Fire Assay is carried out on site. A pulverised
sub-sample is then sent to ALS Ireland for multi-element analysis.
All samples are under watch from the drill site to the storage
facility. Samples at both laboratories are assayed using 50g fire
assay method with aqua regia digest and analysis by AAS for gold.
Over limit analysis (>100 ppm Au) are conducted using fire assay
and gravimetric finish. For multi-element assays, Ultra Trace Level
Method by 4-Acid digest (HF-HNO3-HClO4 acid digestion, HCl leach)
and a combination of ICP-MS and ICP-AES are used. The Company’s
QA/QC program includes the regular insertion of blanks and
standards into the sample shipments, as well as instructions for
duplication. Standards, blanks and duplicates are inserted at
appropriate intervals. Approximately five percent (5%) of the pulps
and rejects are sent for check assaying at a second laboratory.
Results presented for Hole 123059 include results from screen
fire assay as indicted in Table 4. Screen fire assays were
requested due to the presence of coarse gold in the drill core and
were performed by ALS Romania. Screen fire assays involve the
screening of 1kg at 106 microns to separate the sample into a
coarse fraction (>106μm) and a fine fraction (<106μm). After
screening, two 50g sub-samples of the fine fraction are analysed
using the normal 50g fire assay method with aqua regia digest and
analysis by AAS for gold. The entire coarse fraction is assayed to
determine the contribution of the coarse gold using fire assay and
gravimetric finish. The “total” gold calculation for the 1kg sample
is based on the weighted average of the coarse and fine fractions
and is reported for the indicated samples.
Base of till samples are prepared in ALS Sodankylä by
dry-sieving method prep-41 and assayed for gold by fire assay with
ICP-AES finish. Multi-elements are assayed in ALS laboratories in
either of Ireland, Romania or Sweden by aqua regia with ICP-MS
finish. Rupert maintains a strict chain of custody procedure to
manage the handling of all samples. The Company’s QA/QC program
includes the regular insertion of blanks and standards into the
sample shipments, as well as instructions for duplication.
About Rupert Resources
Rupert Resources is a gold exploration and development company
listed on the TSX Exchange under the symbol “RUP.” The Company is
focused on making and advancing discoveries of scale and quality
with high margin and low environmental impact potential. The
Company’s principal focus is Ikkari, a new high quality gold
discovery in Northern Finland. Ikkari is part of the Company’s
“Rupert Lapland Project,” which also includes the Pahtavaara gold
mine, mill, and exploration permits (“Pahtavaara”). The Company
also holds a 20% carried participating interest in the Gold Centre
property located adjacent to the Red Lake mine in Ontario.
Neither the TSX Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
1Cautionary Note Regarding Forward Looking Statements
This press release contains statements which, other than
statements of historical fact constitute “forward-looking
statements” within the meaning of applicable securities laws,
including statements with respect to: results of exploration
activities and mineral resources. The words “may”, “would”,
“could”, “will”, “intend”, “plan”, “anticipate”, “believe”,
“estimate”, “expect” and similar expressions, as they relate to the
Company, are intended to identify such forward-looking statements.
Investors are cautioned that forward-looking statements are based
on the opinions, assumptions and estimates of management considered
reasonable at the date the statements are made, and are inherently
subject to a variety of risks and uncertainties and other known and
unknown factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
These factors include the general risks of the mining industry, as
well as those risk factors discussed or referred to in the
Company's annual Management's Discussion and Analysis for the year
ended February 28, 2023 available here. Should one or more of these
risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described herein as
intended, planned, anticipated, believed, estimated or expected.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking information,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company does not
intend, and does not assume any obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise.
2November 2022 Preliminary Economic Assessment and resource
estimate for the Ikkari and Pahtavaara Projects.
The Mineral Resource estimate included in the Preliminary
Economic Assessment (“Study” or “PEA” is reported according to the
clarification criteria set out in the Canadian Institute of Mining,
Metallurgy, and Petroleum Definition Standards for Mineral
Resources and Reserves (“CIM Definition Standards”). These
standards are internationally recognized and allow the reader to
compare the Mineral Resource with that reported for similar
project.
The results of the PEA will are set forth in an independent
technical report prepared in accordance with National Instrument
43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”)
and which has been filed on SEDAR under the Company’s profile.
Readers are cautioned that the PEA is preliminary in nature and
is intended to provide an initial assessment of the project’s
economic potential and development options. The PEA mine schedule
and economic assessment includes numerous assumptions and is based
on both Indicated and Inferred Mineral Resources. Inferred
Resources are considered too speculative geologically to have the
economic considerations applied to them that would enable them to
be categorized as mineral reserves, and there is no certainty that
the PEA results will be realized. Mineral Resources are not Mineral
Reserves and do not have demonstrated economic viability.
Additional exploration will be required to potentially upgrade the
classification of the Inferred Mineral Resources to be considered
in future advanced studies.
The Mineral Resource estimate for the Project is reported in
accordance with National Instrument 43-101 (“NI 43-101”) and has
been estimated using the Canadian Institute of Mining, Metallurgy
and Petroleum (“CIM”) “Estimation of Mineral Resources and Mineral
Reserves Best Practice Guidelines”. The independent and qualified
person for the Mineral Resource Estimates as defined by NI43-101 is
Brian Wolfe, Principal Consultant, International Resource Solutions
Pty Ltd. These are mineral resources not mineral reserves as they
do not have demonstrated economic viability. Results are presented
in situ. Ounce (troy) = metric tonnes x grade / 31.103475.
Calculations used metric units (meters, tonnes, g/t). Any
discrepancies in the totals are due to rounding effects.
The effective date of the 2022 Mineral Resource Estimate for
Ikkari is 28 November 2022. The Mineral Resource Estimate at Ikkari
is calculated using the multiple indicator kriging (MIK) method and
is reported both within a designed open pit and as a potential
underground operation outside that. The Mineral Resource Estimate
at Ikkari is reported using a cutoff grade of 0.5g/t Au for
mineralisation potentially mineable by open pit methods and 1.0g/t
Au for mineralisation potentially extractable by underground
methods. The potential open pit mine and cut off-grade is
calculated using a gold price at $1650 per ounce, 5% mining
dilution, 95% Au recovery. Open pit mining costs at $2.5/t, process
costs at $11.3/t, other costs (including co-disposal, water and
closure) at $4.0/t and G&A, including royalties and refining at
$3.2/t. The calculated cutoff grade is rounded up to 0.5g/t for
reporting. The underground cutoff grade is calculated at
underground mining cost $21.8/t and underground mining dilution at
8% based on sub level caving. The calculated underground cutoff
grade is rounded up to 1.0g/t as the resource is not constrained
within mineable shapes.
The effective date of the 2022 Mineral Resource Estimate for
Pahtavaara is 28 November 2022 and the is calculated using the
multiple indicator kriging (MIK) method. The Mineral Resource
Estimate is reported both within a designed open pit and as a
potential underground operation outside that. The Mineral Resource
Estimate at Pahtavaara is reported using a cutoff grade of 0.5g/t
Au for mineralisation potentially mineable by open pit methods and
1.5g/t Au for mineralisation potentially extractable by underground
methods. The potential open pit mine and cut off-grades are
calculated using a gold price at $1650 per ounce, 20% mining
dilution, 89% Au recovery, and a mining cost at $2.6/t. process
cost at $10.2/t (concentration at Pahtavaara and transport to
Ikkari), other costs (including TSF costs and closure) at $1/t and
G&A including royalties and refining at $3.1/t. The calculated
cutoff grade is rounded up to 0.5g/t for reporting. The underground
cutoff grade is calculated at an underground mining cost $49.6/t
and underground mining dilution at 10% based on long hole open
stoping. The calculated underground cutoff grade is rounded up to
1.5g/t for reporting.
The effective date of the 2022 Mineral Resource Estimate for
Heinä Central is 28 November 2022 and is calculated using the
ordinary kriging (OK) method. The Mineral Resource Estimate is
reported both within an optimised open pit and as a potential
underground operation outside that. The Mineral Resource Estimate
is reported at a 0.5g/t Au cutoff grade for mineralisation
potentially mineable by open pit methods and at 1.2g/t Au for
mineralisation potentially extractable by underground methods. The
potential open pit mine and cutoff grade are calculated using a
gold price at $1650/oz, 5% mining dilution, 78% Au recovery. Open
pit mining costs at $2.5/t, process costs at $10.01/t (concentrate
production at Heinä and transport to Ikkari), other costs
(including TSF and closure) at $3.20/t and G&A including
royalties and refining at $1.66/t. The calculated open pit cutoff
grade is rounded up to 0.5g/t for reporting. The underground cutoff
grade is calculated at underground mining cost $30/t and
underground mining dilution of 5%. The calculated underground cut
of grade is rounded up to $1.2g/t for reporting. The Heinä Central
deposit also contains potentially recoverable copper. At the 0.5g/t
Au cut-off grade for mineralisation potentially mineable by open
pit methods Heinä Central also contains 12,000 tonnes of in situ
copper. At the 1.2g/t Au cut-off grade for mineralisation
potentially mineable by underground methods, Heinä Central also
contains 1,800 tonnes of in situ copper. No economic value is
applied to the copper content when designing the optimised open pit
or calculating the potential cut-off grade at Heinä Central.
APPENDIX
Table 1. Collar locations of new drill
holes, Ikkari
Hole ID
Prospect
Easting
Northing
Elevation
Azimuth
Dip
EOH (m)
123027
Ikkari
453820.6
7497065.9
225.0
155.3
-56.7
702.70
123036
Ikkari
453686.4
7496971.7
226.6
155.3
-49.9
580.50
123039
Ikkari
453627.2
7496996.1
227.9
157.1
-49.4
407.20
123044
Ikkari
453539.6
7496993.3
228.1
153.2
-50.2
619.20
123047
Ikkari
454087.3
7497060.8
223.3
155.6
-61.0
502.60
123055
Ikkari
453781.9
7496961.0
225.4
155.0
-52.2
500.20
123056
Ikkari
453701.2
7496940.8
226.4
152.4
-50.3
562.30
123063
Ikkari
453651.4
7496954.6
226.8
157.9
-49.8
635.00
123070
Ikkari
454146.1
7496653.7
225.7
335.2
-52.3
149.50
123072
Ikkari
454346.2
7496603.2
233.6
335.5
-56.4
690.00
123077*
Ikkari
454315.7
7496572.1
233.7
334.9
-56.1
544.70
123077K1**
Ikkari
454316.3
7496572.1
233.7
334.9
-56.1
738.00
123080
Ikkari
454418.4
7496637.8
234.5
335.3
-56.0
650.80
123081
Ikkari
454183.9
7496571.2
228.5
334.9
-69.0
812.10
123082*
Ikkari
454388.8
7496606.4
234.9
335.2
-57.5
580.50
*Hole abandoned short of target
** Hole 123077K1 was drilled as a wedge hole from 123077
starting from 520m
Table 2. New Intercepts from
Ikkari
Hole ID
From (m)
To (m)
Interval (m)
Grade Au (g/t)
123027
220.00
221.00
1.0
1.8
228.00
280.00
52.0
2.1
Including
230.00
232.00
2.00
6.6
Including
249.00
259.00
10.00
4.4
also includes
251.00
252.00
1.00
10.6
297.00
303.00
6.00
4.0
Including
302.00
303.00
1.00
21.6
320.00
323.00
3.00
1.0
329.00
345.00
16.00
1.0
Including
342.00
343.00
1.00
4.5
353.00
363.00
10.00
0.6
Including
360.00
361.00
1.00
2.4
375.00
382.00
7.00
0.4
404.00
406.00
2.00
2.0
456.00
457.00
1.00
1.4
477.00
478.80
1.80
0.8
486.00
492.00
6.00
0.6
Including
486.00
487.00
1.00
2.5
506.00
509.00
3.00
1.1
527.00
539.00
12.00
0.8
Including
527.00
530.00
3.00
1.2
Including
536.00
539.00
3.00
1.8
548.00
559.00
11.00
0.7
Including
557.00
558.00
1.00
2.3
565.00
568.00
3.00
4.5
Including
565.00
566.00
1.00
9.5
582.00
585.00
3.00
0.4
590.00
592.00
2.00
0.6
624.00
625.00
1.00
1.2
634.00
635.00
1.00
2.1
662.00
664.00
2.00
1.6
672.00
676.00
4.00
0.5
123036
130.90
133.00
2.10
0.6
167.00
174.00
7.00
0.7
183.00
186.00
3.00
0.9
196.00
215.00
19.00
0.9
Including
204.00
210.00
6.00
1.6
233.00
235.00
2.00
0.5
262.00
288.00
26.00
1.8
Including
266.00
271.00
5.00
5.9
418.00
432.00
14.00
1.1
Including
419.00
420.00
1.00
3.2
Including
426.00
427.00
1.00
4.3
508.00
519.00
11.00
1.0
Including
508.00
510.00
2.00
4.1
123039
308.00
313.00
5.00
0.6
335.00
341.00
6.00
0.6
349.00
359.00
10.00
0.8
Including
358.00
359.00
1.00
3.3
371.00
377.00
6.00
2.7
385.00
386.00
1.00
1.6
400.00
404.00
4.00
1.5
123044
167.00
176.00
9.00
0.6
193.00
194.00
1.00
1.0
241.00
242.00
1.00
1.2
347.00
352.00
5.00
0.6
Including
351.00
352.00
1.00
2.2
366.00
369.00
3.00
0.8
418.00
419.00
1.00
1.2
457.00
460.00
3.00
0.5
514.00
515.00
1.00
1.0
617.00
619.00
2.00
1.6
123047
188.00
191.00
3.00
2.0
Including
190.00
191.00
1.00
4.6
235.00
307.00
72.00
4.2
Including
240.00
241.00
1.00
15.6
and
247.00
253.00
6.00
10.3
and
259.00
260.00
1.00
10.1
and
277.00
281.00
4.00
13.1
also includes
280.00
281.00
1.00
27.2
and
298.00
299.00
1.00
24.7
341.00
344.00
3.00
1.2
Including
341.00
342.00
1.00
2.8
354.00
371.00
17.00
1.1
Including
354.00
355.00
1.00
3.5
and
370.00
371.00
1.00
7.3
378.00
420.00
42.00
0.9
Including
386.00
390.00
4.00
2.8
and
402.00
408.00
6.00
2.4
also includes
404.00
405.00
1.00
9.1
427.00
435.00
8.00
1.0
483.00
485.00
2.00
1.1
123055
99.00
102.00
3.00
0.6
108.00
160.00
52.00
1.7
Including
155.00
158.00
3.00
9.0
167.00
169.00
2.00
0.8
177.00
192.00
15.00
0.6
Including
184.00
185.00
1.00
2.0
and
189.00
190.00
1.00
2.1
207.00
211.00
4.00
0.5
218.00
225.00
7.00
0.7
Including
218.00
219.00
1.00
2.0
268.00
282.00
14.00
0.7
280.10
281.00
0.90
4.0
424.00
448.00
24.00
1.9
Including
428.00
429.00
1.00
8.4
and
444.00
446.00
2.00
8.8
123056
107.00
108.00
1.00
1.4
128.00
130.00
2.00
0.5
150.00
152.00
2.00
0.7
155.00
163.00
8.00
0.4
197.00
198.00
1.00
1.0
335.00
336.00
1.00
1.1
516.00
517.00
1.00
2.2
527.00
532.00
5.00
0.9
551.00
553.00
2.00
0.6
123063
45.00
46.00
1.00
2.8
170.00
178.00
8.00
0.4
Including
173.00
174.00
1.00
1.5
183.00
184.00
1.00
1.2
198.00
204.00
6.00
5.1
Including
198.00
199.00
1.00
29.1
212.00
226.00
14.00
0.6
Including
212.00
213.00
1.00
2.9
239.00
249.00
10.00
0.8
Including
245.00
246.00
1.00
3.2
256.50
257.00
0.50
3.9
287.00
299.00
12.00
1.5
Including
290.00
291.00
1.00
3.7
and
293.00
295.00
2.00
3.4
323.00
325.00
2.00
0.7
520.60
524.00
3.40
1.1
529.00
534.00
5.00
2.0
Including
531.00
532.00
1.00
4.2
540.00
549.00
9.00
5.9
Including
540.00
541.00
1.00
49.6
123070
NSI
123072
358.00
360.00
2.00
2.9
Including
358.00
359.00
1.00
5.1
471.00
474.00
3.00
1.0
Including
471.00
471.50
0.50
2.8
549.00
563.00
14.00
1.7
Including
560.00
563.00
3.00
5.2
575.00
611.00
36.00
0.8
Including
576.00
577.00
1.00
3.2
and
596.00
597.00
1.00
6.6
123077
380.00
382.00
2.00
1.3
475.00
476.00
1.00
3.5
492.00
495.00
3.00
0.9
501.00
505.00
5.00
0.5
123077K1
586.00
603.00
17.00
0.8
Including
586.00
587.00
1.00
2.9
and
594.00
599.00
5.00
1.6
617.00
618.00
1.00
3.1
626.00
638.00
12.00
1.7
Including
626.00
627.00
1.00
8.4
and
637.00
638.00
1.00
7.1
649.00
650.00
1.00
2.6
661.00
662.00
1.00
1.0
123080
312.00
313.00
1.00
1.7
367.00
368.00
1.00
1.8
396.00
398.00
2.00
3.5
Including
396.00
397.00
1.00
5.1
411.00
412.00
1.00
1.1
422.00
424.00
2.00
1.1
442.00
443.00
1.00
3.0
463.00
471.00
8.00
0.5
565.00
608.00
43.00
1.3
Including
572.00
573.00
1.00
7.6
and
590.00
590.60
0.60
6.2
and
595.00
606.00
11.00
2.5
also includes
595.00
597.00
2.00
6.1
123081
508.00
509.00
1.00
1.5
644.00
645.00
1.00
3.3
654.00
658.00
4.00
1.1
663.50
669.00
5.50
0.8
Including
663.50
664.00
0.50
3.6
681.00
684.00
3.00
0.7
711.00
717.00
6.00
0.8
Including
712.00
714.00
2.00
1.7
724.00
725.00
1.00
3.8
736.00
737.00
1.00
3.6
123082
271.00
272.00
1.00
2.0
488.00
499.00
11.00
0.4
Including
489.00
490.00
1.00
1.0
and
495.00
496.00
1.00
1.6
574.45
560.00
12.55
0.7
Including
556.00
557.00
1.00
2.8
No upper cut-off grade has been applied. 0.4g/t Au lower cut-off
applied, a maximum of 5m internal dilution has been allowed when
calculating intercepts. All intervals over the cut-off grade and
exceeding 1gram-meter are presented here. Italic intervals indicate
intercepts including within the wider intercept. Unless specified,
true widths cannot be accurately determined from the information
available. Bold intervals referred to in text of release. Refer to
https://rupertresources.com/news/ for details of previously
released drilling intercepts. EOH– End of Hole. NSI – No
significant intercept
Table 3. Collar locations of new drill
holes, Ikkari North
Hole ID
Prospect
Easting
Northing
Elevation
Azimuth
Dip
EOH (m)
123059
Ikkari N
454120.3
7497838.5
225.0
153.8
-55.4
245.40
123060
Ikkari N
453932.1
7497696.4
224.4
156.5
-54.3
215.50
123061
Ikkari N
454016.5
7497706.3
224.2
154.3
-55.4
234.30
123062
Ikkari N
454183.5
7497703.1
224.4
154.7
-56.1
206.90
123064
Ikkari N
453957.2
7497833.7
226.6
155.4
-50.8
314.80
123065
Ikkari N
454156.3
7497856.1
225.6
154.6
-50.0
437.90
123066
Ikkari N
454239.7
7497856.6
225.6
154.1
-49.7
151.70
123067
Ikkari N
454084.2
7497916.2
226.5
155.6
-50.5
541.50
123068
Ikkari N
454100.9
7497785.7
224.8
155.1
-55.1
230.50
123069
Ikkari N
454139.8
7497891.1
226.2
152.8
-49.5
317.00
123071
Ikkari N
454204.9
7497865.1
225.8
197.6
-55.6
350.60
123073
Ikkari N
454257.6
7497811.3
225.2
188.5
-54.7
512.40
123076
Ikkari N
454286.2
7497708.5
224.2
188.6
-49.9
302.40
123078
Ikkari N
454373.8
7497666.4
224.0
186.8
-50.1
302.60
123079
Ikkari N
454093.2
7497731.0
224.4
145.3
-44.4
350.20
Table 4. New Intercepts from Ikkari
North
Hole ID
From (m)
To (m)
Interval (m)
Grade Au (g/t)
123059
176.00
183.00
7.00
0.8
Including
176.00
177.00
1.00
3.0
193.00
194.00
1.00
0.5
198.00
233.10
35.10
2.7*
Including
198.00
223.00
25.00
3.7*
also includes
199.00
200.00
1.00
56.6*
123060
123.00
124.00
1.00
0.6
134.00
135.00
1.00
2.1
123061
66.00
67.00
1.00
0.5
131.00
135.00
5.00
0.5
Including
131.00
132.00
1.00
1.1
and
135.00
136.00
1.00
1.2
149.00
151.00
2.00
3.0
123062
100.00
101.00
1.00
2.2
118.00
121.20
3.20
1.9
144.00
145.00
1.00
1.1
123064
253.00
262.55
9.55
0.7
Including
254.00
255.00
1.00
2.1
and
257.10
258.00
0.90
2.5
123065
91.00
95.00
4.00
0.6
236.00
238.00
2.00
0.6
247.00
250.00
3.00
0.5
260.00
262.00
2.00
1.2
319.00
321.00
2.00
1.4
329.00
330.00
1.00
0.4
331.00
332.00
1.00
0.7
123066
NSI
123067
27.00
27.60
0.60
0.4
92.00
93.00
1.00
0.5
284.80
289.00
4.20
2.0
Including
288.00
289.00
1.00
6.3
312.00
313.00
1.00
0.6
509.00
519.00
10.00
0.5
522.00
523.00
1.00
0.7
528.00
529.00
1.00
0.5
123068
80.00
81.00
1.00
5.9
165.00
173.00
8.00
2.0
Including
165.00
167.00
2.00
6.4
123069
291.40
306.00
14.60
1.1
Including
296.50
302.00
5.50
2.2
also includes
296.50
297.00
0.50
4.3
123071
18.20
19.20
1.00
0.6
105.00
106.50
1.50
1.5
245.00
249.00
4.00
0.6
269.00
270.00
1.00
0.7
312.00
313.00
1.00
0.6
123073
185.00
186.00
1.00
0.5
197.00
198.00
1.00
0.4
346.00
352.00
6.00
0.5
358.00
359.00
1.00
0.5
365.00
369.00
4.00
1.7
123076
70.00
71.00
1.00
0.8
123078
NSI
123079
31.00
32.00
1.00
1.2
*Results from Screen Fire Assays
No upper cut-off grade has been applied. 0.4g/t Au lower cut-off
applied, a maximum of 3m internal dilution has been allowed when
calculating intercepts. All intervals over the cut-off grade are
presented here. Italic intervals indicate intercepts including
within the wider intercept. Unless specified, true widths cannot be
accurately determined from the information available. Bold
intervals referred to in text of release. Refer to
https://rupertresources.com/news/ for details of previously
released drilling intercepts. EOH– End of Hole. NSI – No
significant intercept
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230816303158/en/
For further information:
James Withall Chief Executive Officer
jwithall@rupertresources.com
Thomas Credland Head of Corporate Development
tcredland@rupertresources.com
Rupert Resources Ltd 82 Richmond Street East, Suite
203, Toronto, Ontario M5C 1P1 Tel: +1 416-304-9004 Web:
http://rupertresources.com/
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