Higher gold grades from infill drilling at Ikkari

By Guillaume Thewlis January 18, 2022
367

Rupert Resources Ltd (“Rupert” or the “Company”), a company advancing the multi-million-ounce Ikkari gold deposit and new regional discoveries at the company’s 100% owned Rupert Lapland Project in Northern Finland, is pleased to announce that infill drilling at Ikkari is returning higher gold grades and exploration drilling has extended mineralisation at the Company’s largely untested Heinä Central target.

Ikkari has a National Instrument 43-101 inferred mineral resource estimate of 49 million tonnes (“Mt”) at 2.5 grams per tonne gold (“g/t Au”) for 3.95 million ounces (see Sept. 13, 2021 press release) 1. Approximately 80,000 metres (“m”) of drilling is planned for 2022; 60% focused on upgrading and expanding the Ikkari resource estimate, with the remainder allocated to regional exploration.

HIGHLIGHTS

Ikkari

Infill drilling has returned significant intervals of gold mineralization, in places, at higher grades than estimated in the reported resource estimate (Sept 2021). Drilling (tables 1 and 2b) also confirms high-grade continuity of the central mineralised zone, including:

  • #121158 returning 9.4 g/t Au over 13m from 166m and 4.5 g/t Au over 97m from 220m and
  • #121125 returning 3.8 g/t Au over 102m from 310m (240m vertical), including 6.9 g/t Au over 42m

Infill drilling from the east of Ikkari has identified higher grades than previously intersected in a mineralised zone with vertical continuity:

  • #121154 – 12.6 g/t Au over 8m from 105m (117m vertical)
  • #121134 – 4.2 g/t Au over 24m from 225m (175m vertical)
  • #121145 – 3.8 g/t Au over 15m from 324m (254m vertical)
  • #121148 – 5.5 g/t Au over 17m from 379m (297m vertical)

Heinä Central  

Recent drilling from the regional program has been focused on the Heinä Central discovery, located 1 kilometre (“km”) north of Ikkari, as part of an ongoing definition drilling program (see Nov. 29, 2021, press release). Previous limited drilling at Heinä Central intersected not only broad intervals of gold mineralization, but also copper. New high-grade gold and copper results from Heinä Central support plunge potential to depth evidenced by:

  • #121131 – 4.5 g/t Au and 2.1% Cu over 14.7m from 131m (109m vertical) and 2.9 g/t Au and 0.6% Cu over 10m from 153m (128m vertical)
  • #121133 – 3.0 g/t Au and 0.7% Cu over 15m from 239m (208m vertical)

James Withall, CEO of Rupert Resources commented “The results reported today show there is not only value to be unlocked at Ikkari through resource growth, but strengthening the grade of what is already a high-quality asset. We are consistently drilling higher grades at Ikkari than the September 2021 resource estimate. We are also encouraged by new drilling from Heinä Central which has extended plunge of the target with drilling still at comparatively shallow depths. We are on an aggressive growth track: we now have six rigs turning at Ikkari and other targets with a plan to drill almost three times the number of metres in the key winter season than was achieved in the equivalent period last year. “

This press release was originally posted to: https://rupertresources.com/higher-gold-grades-from-infill-drilling-at-ikkari/