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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

Post by PACO2on Jul 18, 2021 3:21pm
276 Views
Post# 33567091

The last interview tells us a lot about Ikarri.

The last interview tells us a lot about Ikarri.Around 17:54 he says they will have the resource estimate done before the end of the year.
He says the initial strike of 650 m at a depth of over 400m  and about 400m wide
will form the initial indicated resource.
We know the grade is overall high ( April 20/21 release 188m X 4.4g/T)
My calculations as follows: 
650 min. strike X 400m wide  X 400 m deep =  104 Million cubic meters of ore

1 cubic meter of rock weighs2.5 tons

104 Million cubic meters of ore   X 2.5 T = 260 Million Tons

allow  2.2 g/T  average X 260 million   = 572 million grams
572 million grams = 20.4 Million Troy Ounces for initial find at Ikarri
We have found one of the largest deposits on earth .... .
Do you like my math?
GLTA
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