Rupert Resources Reports Results From Project Drilling Including 120m at 6.2g/t Gold
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Figure 1. Plan Map Showing the Location of New Drillholes in Ikkari in the Context of
Highlights
Ikkari
- #124043 intersected 120m at 6.2g/t Au from 45m downhole (36m vertical), the third-best intercept achieved to date at Ikkari with 748 gram x meters (see Table 1 for details). Additional intercepts of 22m at 2.9g/t Au from 16m downhole (13m vertical), 5m at 4.5g/t Au and 56m at 3.5g/t Au (Figure 2) combine to make this the second highest yielding drillhole of all time at Ikkari with 1028 gram x meters (see Table 2 for details).
- #124041 intersected 28m at 9.7g/t Au from 101m and 13m at 34.5g/t Au from 161m including 1m at 294g/t Au (Figure 3). Combined intercepts in #124041 yield 737gram x meters also in the top 10 yielding drillholes of all time at Ikkari.
- #124040 and #124047 also delivered broad, continuously mineralised intersections typical of the Ikkari deposit. #124040 intersected 121.2m at 2.5g/t Au from 52m downhole and #124047 intersected 167.8m at 2.6g/t Au from 17.2m (the base of the overburden).
Table 1. Top 10 intercepts from Ikkari
Hole ID |
From (m) |
To (m) |
Length (m) |
Grade (g/t Au) |
Gram x Meters |
Release Date |
121026 |
58.00 |
258.00 |
200.00 |
4.2 |
840 |
|
121160 |
153.00 |
258.00 |
105.00 |
7.9 |
824 |
|
124043 |
45.00 |
165.00 |
120.00 |
6.2 |
748 |
*New |
121010 |
254.00 |
412.00 |
158.00 |
3.8 |
593 |
|
121019 |
202.00 |
294.00 |
92.00 |
6.3 |
579 |
|
120075 |
11.80 |
169.00 |
157.20 |
3.7 |
574 |
|
121169 |
185.00 |
300.00 |
115.00 |
4.9 |
567 |
|
121171 |
32.00 |
193.00 |
161.00 |
3.4 |
541 |
|
120086 |
186.00 |
310.00 |
124.00 |
4.2 |
521 |
|
120069 |
19.80 |
191.00 |
171.20 |
3.0 |
514 |
|
Top 10 intercepts from Ikkari are ranked by gram-meters (average grade [Au g/t] x length [m]). Intercepts are calculated with a 0.4g/t Au cut-off with a maximum 5m continuous internal dilution accepted. See relevant press releases for further information.
Table 2. Top 10 yielding holes from Ikkari
Hole ID |
Length (m) |
Grade (g/t Au) |
Gram x Meters |
Release Date |
121160 |
213.00 |
5.0 |
1058 |
|
124043 |
197.00 |
5.2 |
1028 |
*New |
121026 |
307.00 |
3.2 |
990 |
|
121070 |
176.70 |
4.8 |
841 |
|
120086 |
180.00 |
4.6 |
822 |
|
120075 |
290.20 |
2.7 |
775 |
|
124041 |
66.00 |
11.2 |
737 |
*New |
121019 |
156.00 |
4.7 |
734 |
|
120071 |
196.00 |
3.7 |
721 |
|
121025 |
288.00 |
2.5 |
713 |
|
Top-10 all time yielding holes from Ikkari are ranked by gram-meters (average grade [Au g/t] x length [m]). Individual intercepts are calculated with a 0.4g/t Au cut-off with a maximum 5m continuous internal dilution accepted, minimum yield per intercept is 1 gram-meter. The “yield” is the sum of all intercepts within each drillhole. See relevant press releases for further information.
Ikkari
A project drilling program was initiated at Ikkari during spring 2024 serving multiple purposes: increasing confidence in the ~4Moz Indicated Mineral Resource Estimate (see press release 28th
Geological interpretation of Ikkari
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.
Fi gures & tables
Figures and tables featured in the Appendix at end of release include:
- Figure 1. Plan map showing the location of new drilling at Ikkari.
- Figure 2. Cross section showing the results of hole 124043 in relation to the mineral resource block model and the geological interpretation at Ikkari.
- Figure 3. Cross section showing the results of hole 124041 in relation to the mineral resource block model and the geological interpretation at Ikkari.
- Table 3. Collar locations of the new drill holes, Ikkari
- Table 4. New Intercepts from Infill Drill Holes, Ikkari
- Table 5. Individual assays from uncut mineralised intercept of 6.0g/t Au over 120m in drill hole 124043
Review by Qualified Person, Quality Control and Reports
The majority of samples are prepared by ALS Finland in either Sodankylä or Outokumpu. Fire assays are subsequently completed at ALS Romania whilst multielement analysis is completed in ALS Ireland or
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
About
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.
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 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
1
The Mineral Resource Estimate for the Ikkari project has been prepared in accordance with NI 43-101 and following the requirements of Form 43-101F1. The methodology used to determine the Mineral Resource Estimate is consistent with the
The QP for the Ikkari Mineral Resource estimate is Mr.
The effective date of the 2023 Mineral Resource Estimate for Ikkari is
APPENDIX
Table 3. Collar locations of new drill holes, Ikkari
Hole ID |
Prospect |
Easting |
Northing |
Elevation |
Azimuth |
Dip |
EOH (m) |
124040 |
Ikkari |
453943.6 |
7496702.6 |
223.5 |
335.8 |
-51.9 |
220.50 |
124041 |
Ikkari |
454183.9 |
7496947.4 |
223.3 |
151.9 |
-65.2 |
191.70 |
124043 |
Ikkari |
454125.8 |
7496786.2 |
223.9 |
333.8 |
-51.5 |
275.70 |
124047 |
Ikkari |
453968.7 |
7496748.3 |
223.4 |
337.2 |
-49.6 |
205.50 |
Table 4. New Intercepts from Ikkari
Hole ID |
|
From (m) |
To (m) |
Interval (m) |
|
124040 |
|
30.4 |
32.0 |
1.6 |
0.8 |
|
|
37.30 |
38.00 |
1.70 |
0.6 |
|
|
45.00 |
47.00 |
2.00 |
0.7 |
|
|
52.00 |
173.20 |
121.20 |
2.5 |
|
Including |
66.00 |
67.00 |
1.00 |
8.3 |
|
and |
69.00 |
70.50 |
1.50 |
7.4 |
|
and |
78.00 |
79.00 |
1.00 |
5.8 |
|
and |
94.00 |
104.00 |
10.00 |
6.7 |
|
also includes |
102.00 |
103.00 |
1.00 |
28.2 |
|
and |
108.00 |
110.00 |
2.00 |
11.6 |
|
and |
114.00 |
115.00 |
1.00 |
6.1 |
|
and |
119.00 |
123.00 |
4.00 |
6.8 |
|
and |
126.00 |
127.00 |
1.00 |
6.8 |
|
and |
165.00 |
166.00 |
1.00 |
9.3 |
|
|
191.00 |
202.00 |
11.00 |
1.7 |
|
Including |
199.00 |
200.00 |
1.00 |
8.8 |
124041 |
|
77.00 |
94.00 |
17.00 |
0.9 |
|
Including |
77.00 |
78.00 |
1.00 |
2.4 |
|
and |
90.00 |
94.00 |
4.00 |
2.2 |
|
also includes |
93.00 |
94.00 |
1.00 |
5.0 |
|
|
101.00 |
129.00 |
28.00 |
9.7 |
|
Including |
105.00 |
106.00 |
1.00 |
22.7 |
|
and |
123.00 |
128.00 |
5.00 |
24.2 |
|
|
161.00 |
174.00 |
13.00 |
34.5 |
|
Including |
167.00 |
168.00 |
1.00 |
68.9 |
|
and |
168.00 |
169.00 |
1.00 |
294.0 |
124043 |
|
16.00 |
39.00 |
22.00 |
2.9 |
|
Including |
21.00 |
23.00 |
2.00 |
5.6 |
|
and |
26.00 |
27.00 |
1.00 |
6.3 |
|
and |
30.00 |
31.00 |
1.00 |
8.3 |
|
and |
35.00 |
38.00 |
3.00 |
6.0 |
|
|
45.00 |
165.00 |
120.00 |
6.2 |
|
Including |
57.00 |
59.00 |
2.00 |
20.1 |
|
and |
64.00 |
65.00 |
1.00 |
14.6 |
|
and |
72.00 |
81.00 |
9.00 |
14.9 |
|
and |
111.00 |
130.00 |
19.00 |
10.0 |
|
and |
133.00 |
134.00 |
1.00 |
17.6 |
|
and |
146.00 |
152.00 |
6.00 |
11.5 |
|
|
175.00 |
180.00 |
5.00 |
4.5 |
|
Including |
175.00 |
176.00 |
1.00 |
12.3 |
|
|
197.00 |
253.00 |
56.00 |
3.5 |
|
Including |
198.00 |
199.00 |
1.00 |
7.7 |
|
and |
206.00 |
208.00 |
2.00 |
10.5 |
|
and |
231.00 |
233.00 |
2.00 |
35.3 |
|
and |
242.00 |
244.00 |
2.00 |
7.6 |
|
and |
248.00 |
249.00 |
1.00 |
7.4 |
124047 |
|
17.20 |
185.00 |
167.80 |
2.6 |
|
Including |
34.00 |
35.00 |
1.00 |
7.1 |
|
and |
43.00 |
66.00 |
23.00 |
7.3 |
|
also includes |
45.00 |
47.00 |
2.00 |
17.3 |
|
and |
70.00 |
71.00 |
1.00 |
9.3 |
|
and |
79.00 |
80.10 |
1.10 |
5.6 |
|
and |
82.00 |
83.00 |
1.00 |
7.9 |
|
and |
87.00 |
89.00 |
2.00 |
5.8 |
|
and |
98.10 |
99.00 |
0.90 |
5.7 |
|
and |
125.00 |
126.00 |
1.00 |
7.7 |
|
and |
127.00 |
128.00 |
1.00 |
5.8 |
|
and |
133.00 |
134.00 |
1.00 |
7.0 |
|
and |
137.00 |
140.00 |
3.00 |
5.3 |
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 unless otherwise stated. All intervals over the cut-off grade and greater than 1gram-meter are presented here Italic intervals indicate intercepts included 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 5. Uncut mineralised intercept of 6.0g/t Au over 120m in drill hole 124043
From (m) |
To (m) |
Int (m) |
Au (g/t) |
45.00 |
45.80 |
0.80 |
2.1 |
45.80 |
46.70 |
0.90 |
1.0 |
46.70 |
47.30 |
0.60 |
5.8 |
47.30 |
48.00 |
0.70 |
5.0 |
48.00 |
49.00 |
1.00 |
0.5 |
49.00 |
50.00 |
1.00 |
3.4 |
50.00 |
51.00 |
1.00 |
0.3 |
51.00 |
52.00 |
1.00 |
2.1 |
52.00 |
53.00 |
1.00 |
0.1 |
53.00 |
54.00 |
1.00 |
2.7 |
54.00 |
55.00 |
1.00 |
0.3 |
55.00 |
56.00 |
1.00 |
1.8 |
56.00 |
57.00 |
1.00 |
2.6 |
57.00 |
58.00 |
1.00 |
28.9 |
58.00 |
59.00 |
1.00 |
11.3 |
59.00 |
60.00 |
1.00 |
0.7 |
60.00 |
61.00 |
1.00 |
2.6 |
61.00 |
62.00 |
1.00 |
0.7 |
62.00 |
63.00 |
1.00 |
1.2 |
63.00 |
64.00 |
1.00 |
8.4 |
64.00 |
65.00 |
1.00 |
14.6 |
65.00 |
66.00 |
1.00 |
1.7 |
66.00 |
67.00 |
1.00 |
1.9 |
67.00 |
68.00 |
1.00 |
1.1 |
68.00 |
69.00 |
1.00 |
1.8 |
69.00 |
70.00 |
1.00 |
0.2 |
70.00 |
71.00 |
1.00 |
4.2 |
71.00 |
72.00 |
1.00 |
7.9 |
72.00 |
73.00 |
1.00 |
17.1 |
73.00 |
74.00 |
1.00 |
12.6 |
74.00 |
75.00 |
1.00 |
8.4 |
75.00 |
76.00 |
1.00 |
13.3 |
76.00 |
77.00 |
1.00 |
29.1 |
77.00 |
78.00 |
1.00 |
9.0 |
78.00 |
79.00 |
1.00 |
15.7 |
79.00 |
80.00 |
1.00 |
15.0 |
80.00 |
81.00 |
1.00 |
13.6 |
81.00 |
82.00 |
1.00 |
5.2 |
82.00 |
83.00 |
1.00 |
3.4 |
83.00 |
84.00 |
1.00 |
6.1 |
84.00 |
85.00 |
1.00 |
3.3 |
85.00 |
86.00 |
1.00 |
5.0 |
86.00 |
87.00 |
1.00 |
9.8 |
87.00 |
88.00 |
1.00 |
1.3 |
88.00 |
89.00 |
1.00 |
0.3 |
89.00 |
90.00 |
1.00 |
0.7 |
90.00 |
91.00 |
1.00 |
4.0 |
91.00 |
92.00 |
1.00 |
2.3 |
92.00 |
93.00 |
1.00 |
1.6 |
93.00 |
94.00 |
1.00 |
9.6 |
94.00 |
95.00 |
1.00 |
7.3 |
95.00 |
96.00 |
1.00 |
0.2 |
96.00 |
97.00 |
1.00 |
1.0 |
97.00 |
98.00 |
1.00 |
3.5 |
98.00 |
99.00 |
1.00 |
2.4 |
99.00 |
100.00 |
1.00 |
5.5 |
100.00 |
101.00 |
1.00 |
0.4 |
101.00 |
102.00 |
1.00 |
10.9 |
102.00 |
103.00 |
1.00 |
2.1 |
103.00 |
104.00 |
1.00 |
2.5 |
104.00 |
105.00 |
1.00 |
1.7 |
105.00 |
106.00 |
1.00 |
6.5 |
106.00 |
107.00 |
1.00 |
0.2 |
107.00 |
108.00 |
1.00 |
3.2 |
108.00 |
109.00 |
1.00 |
3.8 |
109.00 |
110.00 |
1.00 |
0.0 |
110.00 |
111.00 |
1.00 |
5.8 |
111.00 |
112.00 |
1.00 |
10.3 |
112.00 |
113.00 |
1.00 |
11.4 |
113.00 |
114.00 |
1.00 |
4.9 |
114.00 |
115.00 |
1.00 |
9.3 |
115.00 |
116.00 |
1.00 |
9.7 |
116.00 |
117.00 |
1.00 |
3.2 |
117.00 |
118.00 |
1.00 |
9.3 |
118.00 |
119.00 |
1.00 |
11.7 |
119.00 |
120.00 |
1.00 |
21.6 |
120.00 |
121.00 |
1.00 |
9.7 |
121.00 |
122.00 |
1.00 |
4.6 |
122.00 |
123.00 |
1.00 |
6.1 |
123.00 |
124.00 |
1.00 |
10.1 |
124.00 |
125.00 |
1.00 |
12.7 |
125.00 |
126.00 |
1.00 |
10.2 |
126.00 |
127.00 |
1.00 |
10.4 |
127.00 |
128.00 |
1.00 |
14.8 |
128.00 |
129.00 |
1.00 |
8.9 |
129.00 |
130.00 |
1.00 |
10.5 |
130.00 |
131.00 |
1.00 |
5.8 |
131.00 |
132.00 |
1.00 |
3.7 |
132.00 |
133.00 |
1.00 |
4.8 |
133.00 |
134.00 |
1.00 |
17.6 |
134.00 |
135.00 |
1.00 |
4.1 |
135.00 |
136.00 |
1.00 |
1.7 |
136.00 |
137.00 |
1.00 |
5.4 |
137.00 |
138.00 |
1.00 |
2.3 |
138.00 |
139.00 |
1.00 |
10.8 |
139.00 |
140.00 |
1.00 |
1.4 |
140.00 |
141.00 |
1.00 |
9.7 |
141.00 |
142.00 |
1.00 |
1.1 |
142.00 |
143.00 |
1.00 |
8.8 |
143.00 |
144.00 |
1.00 |
2.2 |
144.00 |
145.00 |
1.00 |
6.5 |
145.00 |
146.00 |
1.00 |
5.6 |
146.00 |
147.00 |
1.00 |
12.7 |
147.00 |
148.00 |
1.00 |
16.2 |
148.00 |
149.00 |
1.00 |
12.1 |
149.00 |
150.00 |
1.00 |
11.6 |
150.00 |
151.00 |
1.00 |
5.8 |
151.00 |
152.00 |
1.00 |
11.0 |
152.00 |
153.00 |
1.00 |
6.2 |
153.00 |
154.00 |
1.00 |
2.9 |
154.00 |
155.00 |
1.00 |
0.7 |
155.00 |
156.00 |
1.00 |
2.4 |
156.00 |
157.00 |
1.00 |
1.1 |
157.00 |
158.00 |
1.00 |
0.1 |
158.00 |
159.00 |
1.00 |
1.0 |
159.00 |
160.00 |
1.00 |
8.5 |
160.00 |
161.00 |
1.00 |
8.4 |
161.00 |
162.00 |
1.00 |
3.9 |
162.00 |
163.00 |
1.00 |
0.6 |
163.00 |
164.00 |
1.00 |
3.0 |
164.00 |
165.00 |
1.00 |
6.9 |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240516903296/en/
Chief Executive Officer
jwithall@rupertresources.com
Head of Corporate Development
tcredland@rupertresources.com
Tel: +1 416-304-9004 Web:
http://rupertresources.com/
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