Rupert Resources Reports New Results From Winter Drilling Campaign at Hein? South Including 10.5G/t Au Over 24.4M Including 112.5G/t Over 2M

Figure 1. Schematic structural interpretation of Ikkari and surrounding high-priority exploration targets showing the location of the new drilling at Heinä South. Black box shows the location of more detailed plan map, Figure 2 (Graphic: Business Wire)
Figure 1. Schematic structural interpretation of Ikkari and surrounding high-priority exploration targets showing the location of the new drilling at Hein? South. Black box shows the location of more detailed plan map, Figure 2 (Graphic: Business Wire)
Business Wire
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Figure 2. Plan Map Showing the Location of New Drillholes in Heinä South in the Context of previously released drillholes. Section Line used for Figure 3 is shown for Reference. (Graphic: Business Wire)
Figure 2. Plan Map Showing the Location of New Drillholes in Hein? South in the Context of previously released drillholes. Section Line used for Figure 3 is shown for Reference. (Graphic: Business Wire)
Figure 3. Long Section parallel to the Broader Mineralisation on the Southern Margin of the Heinä South Target Showing the New Results in the context of previously released drillholes, looking North (Graphic: Business Wire)
Figure 3. Long Section parallel to the Broader Mineralisation on the Southern Margin of the Hein? South Target Showing the New Results in the context of previously released drillholes, looking North (Graphic: Business Wire)
Figure 4. Cross Section through Heinä South showing the New Results from drillholes 124027 and 124023 with previously released drillhole 124019, looking towards 070° (Graphic: Business Wire)
Figure 4. Cross Section through Hein? South showing the New Results from drillholes 124027 and 124023 with previously released drillhole 124019, looking towards 070° (Graphic: Business Wire)
Figure 5. Plan Map Showing the Location of New Drillholes in Ikkari in the Context of November 2023 Mineral Resource Estimate Block Model (Graphic: Business Wire)
Figure 5. Plan Map Showing the Location of New Drillholes in Ikkari in the Context of November 2023 Mineral Resource Estimate Block Model (Graphic: Business Wire)
Figure 6. Cross Section through the Ikkari deposit along drillhole 124036 showing the intercept achieved in relation to the resource block model and geological model, looking towards 065° (Graphic: Business Wire)
Figure 6. Cross Section through the Ikkari deposit along drillhole 124036 showing the intercept achieved in relation to the resource block model and geological model, looking towards 065° (Graphic: Business Wire)

TORONTO, May 01, 2024--(BUSINESS WIRE)--Rupert Resources Ltd. ("Rupert" or the "Company") reports follow-up assay results from the Hein? South satellite target (located 1km from Ikkari, Figure 1) and project drilling at Ikkari. The results from exploration drilling at Hein? South extend the broader mineralised zone to over 250m strike length and 200m vertical extent and include high-grade intercepts such as #124061 which intersected 10.5g/t Au over 24.40m including 112.5g/t Au over 2m (Figure 2). Project drilling at Ikkari continues to provide intercepts of exceptional width and grade continuity, increasing confidence in the ~4Moz Indicated Resource (see press release 28th November 2023).

Highlights

Hein? South

  • #124061 intersected 24.40m at 10.5g/t Au from 65m downhole (40m vertical) including 2m at 112.5g/t Au. This is the highest-grade intercept to date within the broader, more continuous mineralised trend and suggests that mineralisation sub-crops below the ~10-15m of glacial overburden present at Hein? South (Figure 3).

  • #124027 intersected 29m at 1.9g/t Au from 231m including 1m at 26.7g/t Au and #124023 intersected 23m at 1.4g/t Au from 58m including 1m at 8.2g/t Au both within the same mineralised zone that has been successfully defined over 250m of strike length and to a depth of 200m below surface, it remains open in all directions (Figure 4).

Ikkari

  • Project drilling at Ikkari continues to produce exceptional intercepts which confirm the high-grade core such as #124038: 24m at 11.4g/t Au, including 3m at 37.0g/t Au and the broader mineralisation present at the deposit typified by #124036: 139.80m at 2.0g/t Au. (Figure 5 and Figure 6).

James Withall, CEO of Rupert Resources commented "These exciting results from Hein? South demonstrate the potential for higher-grades within the more continuous mineralisation which we have now traced over a strike length of 250m. Exploration, focussed on Heina South, along with extensional and project drilling at Ikkari, has been the focus of our winter drilling campaign. During the winter season we have followed-up promising intercepts, at shallow depths, to the west of the Hein? South trend which has the potential to become a satellite ore body to the 4Moz Ikkari deposit. Project drilling at Ikkari continues to both increase confidence in the Mineral Resource Model and provide additional material ahead of the next round of metallurgical test work which will feed into future, more advanced engineering studies."

Hein? South

Drilling at the Hein? South target continues to identify a broader style of mineralisation than was in evidence from drilling undertaken in previous years and #124061 which intersected 24.40m at 10.5g/t Au including 2m at 112.5g/t Au demonstrates the potential for high-grade mineralisation within the broader more continuous trend (Figure 3). Previously intercepts of this nature such as #124019: 25m 16.5g/t Au from 83m including 1m at 363g/t Au (see press release 3rd March 2024) were encountered to the north of this trend.

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