Nov 17 2017
Rupert Resources Ltd. announces that drilling has recommenced at Pahtavaara with an initial 6,210m program targeting near mine resources and new areas of potential mineralisation within 4km of the Pahtavaara mill.
James Withall, Chief Executive of Rupert said, “Drilling is now underway at Pahtavaara focussed on in-mine resource targets to test our refined geological model and near mine exploration targets defined by our reappraisal of historical data, 2017 fieldwork and the 2016 IP survey. Initial modelling work based on the existing 300,000m of drill data indicates that Pahtavaara is potentially a much larger system than had been previously considered. We expect to extend this campaign, subject to results.”
A surface drilling program totalling 6,210m is underway with 3,760m targeting in-mine infill or extension targets, and a further 2,450m on nine ranked exploration targets, all within 4km of the Pahtavaara mill. Resource modelling work continues with an internationally recognised consultant. Initial work has defined the existing mineralistion at Pahtavaara in a mineralised envelope with 1,400m of strike, 450m of depth and 400m width. The limits of the envelope are unconstrained and the new drilling is intended to extend strike and to define higher grade structurally controlled shoots that are thought to contain the bulk of economic mineralisation at Pahtavaara. Two of these structures, Samurai and DB, mined by previous operators, produced the majority of the 350koz of gold in concentrate over the 16 years of the mine’s operations. Rupert has identified the potential for a further three of these structures in the Karoliina and NFE zones. The nine exploration targets have been ranked according to their prospectivity based on geochemical and geophysical data.
Review by Qualified Person
In compliance with National Instrument 43-101, Mr. Mike Sutton, P.Geo. is the Qualified Person who supervised the preparation of the scientific and technical disclosure in this news release.