Higher Grade Extended At Ikkari Prospect

TORONTO - Rupert Resources Ltd reported new drill results from its Ikkari prospect, the focus of its ongoing 60,000m exploration program at the 100% owned Pahtavaara Project in the Central Lapland Greenstone Belt, Finland. The mineralized strike length at Ikkari is now at least 650m in total with mineralization on all sections intersected to a depth of 300 to 500m. The drilling reported increases maximum intersected vertical depth of mineralization by 75m to 480m in the east (hole 120119) and by 100m to 320m in the west (holes 120100 and 120122). In the central section, the higher grade mineralized zone now extends to 320m depth within a broader mineralized envelope of almost 400m depth.

James Withall, CEO, said, “Drilling continues to expand the mineralized system at Ikkari with a coherent higher grade component emerging in the central part of the mineralized body, which remains open. Importantly, we can continue to drill on a broad spacing given the continuity of these very wide zones of consistent grade. We are still far from confirming the limits of the discovery and with drilling ramping up to three rigs in Area 1 and a strong balance sheet, we are well positioned to increase activity on this best-in-class, new grass roots discovery that was made just 8 months ago.”