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Rupert Resources Ltd T.RUP

Alternate Symbol(s):  RUPRF

Rupert Resources Ltd. is a Canada-based gold exploration and development company. The Company’s principal focus is Ikkari, which is a gold discovery in Northern Finland. Ikkari is part of the Company’s Rupert Lapland Project, which also includes the Pahtavaara gold mine, mill, and exploration permits (Pahtavaara). The Rupert Lapland Project is located within the Central Lapland Greenstone Belt (CLGB), part of the Fennoscandian shield, which hosts 1700 known incidences of mineralization in Finland, Sweden, Norway and Russia, including around 80 mines. The Company also holds a 20% carried participating interest in the Gold Centre property located adjacent to the Red Lake mine in Ontario. The Gold Centre property lies to the southeast and within the shadow of the headframe of Evolution Mining’s Red Lake Mine (which has produced 23.8 M ounces of gold at an average grade of greater than 1/2-ounce gold per ton (or greater than 15.6 g/t).


TSX:RUP - Post by User

Comment by Nodga2000on Jan 20, 2021 2:28am
107 Views
Post# 32331270

RE:RE:RE:RE:RE:First news of the year - a cracking start!

RE:RE:RE:RE:RE:First news of the year - a cracking start!Yes these results demonstrate the growing potential of Area 1 as a whole. NB from James's quote "The success rate of drilling at Area 1 is very compelling, demonstrating the potential for a large gold mineralising system that we expect will continue to yield further new discoveries of scale."
This is just the first of more drill news expected in 2021, including at Ikkari.
I don't know why the share price has drifted lower some 20% in the past few weeks, but gold has been softer so that will have had an impact and it's been on LOW volume, so weak selling IMO.
For me anything with a $4, especially in the lower region of $4 is a buying opportunity!
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