Rupert Resources reports maiden 3.95 million oz gold resource for Ikkari
(Kitco News) - Rupert Resources (TSX-V: RUP) today announced a maiden mineral resource estimate for the Ikkari discovery at the 100% owned Rupert Lapland project in the Central Lapland Greenstone Belt in Northern Finland.
According to the company's statement, maiden inferred mineral resource estimate for Ikkari amounted to 49 Mt at 2.5 g/t Au for 3.95 million ounces. Resource estimate based on over 36,000 m of drilling to the end of June, the company said.
The company added that it plans over 28,000 m drilling in remainder of 2021 and an estimated 62,000 m budgeted during 2022, with 60% of drilling focused on upgrading and expanding Ikkari resource as it remains open at depth and along strike.
CEO James Withall commented, "Today's maiden resource confirms Ikkari as a multi-million-ounce gold discovery whose value we are unlocking at an accelerated pace. The deposit's exceptional continuity and proximity to surface, together with the outstanding performance of our Finnish team has allowed us to deliver an initial resource less than eighteen months from the discovery hole, approximately half the industry average."
The company noted that it believes that demonstrated size, grade, cohesive mineralisation and growth potential, combined with non-refractory metallurgy and proximity to infrastructure, positions Ikkari as one of the most high-quality advanced exploration-stage assets of recent years.