RE:What a differenceThis from the Miner on Thurs like it was their ground all along?
Rupert Lapland-Ikkari in Finland
Hole 124043 at Rupert Resources’ project in Lapland cut 120 metres at 6.2 grams gold per tonne from 45 metres depth, for a width x grade value of 744.
This intercept is the third-best achieved at Ikkari. Combined, all three of its intercepts make hole 124043 the second-highest yielding drill hole of all time at Ikkari, with a total width x grade of 1,028.
The project, about 900 km north of Helsinki, could produce 200,000 oz. of gold a year through a potential open pit mine, according to a November 2022 preliminary economic assessment.
Intense veining and foliation overprinted by stockwork-like irregular veins characterize the main mineralized zone, with gold mainly hosted by disseminated and vein-related pyrite.
The drill results confirm the robust nature of the Ikkari resource, which will likely feature a low strip ratio during the early years of mining.
Rupert Resources is targeting a prefeasibility study later this year.