TORONTO - Rupert Resources Ltd ('Rupert' or 'the Company', TSX-V: RUP) reports further drill results and geological interpretation from in-mine exploration drilling at the 100%-owned Pahtavaara mine in the Central Lapland Greenstone Belt, Finland.
Highlights
Hole 120525 intersected 11.6g/t gold (Au) over 5.0m from 51m (35m vertical) confirming continuation of T-Vein mineralisation towards surface.
High-grade mineralisation including 26.8g/t Au over 2m in hole 121469 and wider mineralisation including 3.7g/t Au over 12.4m in hole 121406 highlight both the grade and width present within the T-Vein mineralisation trend.
Mineralisation at T-Vein now extends 500m, from surface in the down-plunge direction.
James Withall, CEO of Rupert Resources commented 'These new results from the Pahtavaara mine are significant because they show the potential for near surface, potentially open-pit mineable material in immediate proximity to the Pahtavaara mine and mill. Importantly these results provide further evidence of a previously unidentified easterly plunge control on mineralisation. The Pahtavaara mine remains an important asset in the region, as one of only two permitted gold mills, and any new discoveries in the immediate vicinity could add significantly to mine life. Drilling will continue at the mine, Ikkari and our numerous other targets as part of our ongoing exploration program, with the goal of highlighting the geological and economic potential of the Pahtavaara Project in its entirety.'
About the Pahtavaara Project
The Pahtavaara Project is located in the heart of the Central Lapland Greenstone Belt, Northern Finland where the company owns the permitted Pahtavaara mine that is on active care & maintenance and within a licence package of some 509km2. The Company acquired the project for USD $2.5m in 2016 and is undertaking exploration both at the existing mine and across the region to demonstrate the potential for significant economic mineralisation.
The Pahtavaara Mine is an orogenic gold deposit hosted in an altered komatiitic sequence in the eastern part of the greenstone belt. Mineralisation is hosted by the predominantly pyroclastic, voluminous ultramafic volcanic rocks of the Sattasvaara komatiite complex (Savukoski group).
Mineralisation consists of structurally controlled sub-parallel lodes with steeply dipping ore shoots, comprising mostly free gold in quartz-dolomite vein stockwork. Mineralization is hosted predominantly by coarse-grained, non-schistose amphibole rocks with brittle dolomite +/- quartz (+/- barite) veins, or biotite-talc (+/- chlorite) dominated schists with talc-carbonate +/- pyrite +/- magnetite veins, which are related to structural failure at the contact between the amphibolite rocks and the talc-chlorite schists. Coarse-grained amphibole dominated lithologies dip and plunge sub-vertically to the west-southwest within a wider, more diffuse, amphibole porphyroblast alteration domain which overprints the talc schists. Folding of the amphibole unit controls brittle fracture in hinges and associated gold mineralisation in places.
About Rupert
Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol 'RUP'. The Company's core focus is the Rupert Lapland Project including the Ikkari discovery and the permitted Pahtavaara mine and mill within a wider 509km2 regional licence holding in the Central Lapland Greenstone Belt of Northern Finland.
Cautionary 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, 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 29, 2020 available at www.sedar.com. 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.
Contact:
James Withall
Email: jwithall@rupertresources.com
Web: http://rupertresources.com
RUPERT RESOURCES LTD. 
