Rupert drills record 103m of 8 g/t Au at Ikkari project in Finland

Other drill highlights showcasing broad intervals of gold mineralization include 105m of 3.5 g/t Au and 41m of 11.8 g/t Au, including 30.0 g/t Au over 7.4m.

“Infill drilling at Ikkari continues to consolidate grade and ounces through the intersection of significantly broad intervals of high-grade gold mineralization, which are likely to have a positive impact on the economics of the project,” James Withall, CEO of Rupert Resources, commented in a news release.

“Our 2021/22 winter drilling season is building momentum with more rigs turning at Ikkari and other target areas with potential to deliver further discoveries of scale,” he added.

Ikkari is one of six discoveries the company has made on the Rupert Lapland project, located in the epicentre of the Central Lapland Greenstone Belt. The deposit has an inferred mineral resource estimate of 49Mt at 2.5 g/t Au for 3.95 million ounces.

The Rupert Lapland project also holds the permitted Pahtavaara mine and mill (on active care & maintenance) within a regional land package of some 735km².

Since acquiring the project in 2016, Rupert has taken exploration both at the existing mine and across the region to demonstrate the potential for significant economic mineralization.

Shares in Rupert Resources jumped 6.1% as of 12:15 EDT following the latest set of drill results. The gold exploration company has a market capitalization of C$924.1 million.