$RUP @RupertResources Drills 4.3g/t #Gold Over 158m From 152m, 3.9g/t Gold Over 141m From 239m and 7.5g/t Gold Over 52m at Ikkari

Rupert Resources Drills 4.3g/t Gold Over 158m From 152m, 3.9g/t Gold Over 141m From 239m and 7.5g/t Gold Over 52m at Ikkari

TORONTO -- (Business Wire) --

Rupert Resources Ltd (TSX-V: RUP) ("Rupert" or "the Company") reports new drill results of a further six holes from its ongoing exploration programme at the Ikkari discovery – part of the 100% owned Pahtavaara Project in the Central Lapland Greenstone Belt, Finland.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201112005584/en/

Figure 1. Location of new discoveries and base of till anomalies at Area 1 (Graphic: Business Wire)

The Company has confirmed extension to 290m depth of the central part of the Ikkari discovery (as identified to date) as well as demonstrating further broad zones of mineralisation in the east, with continuity of grade in these broad zones of mineralisation persisting towards surface, above previously reported results. Furthermore, multiple very high-grade mineralised gold zones have been identified.

Highlights

• Hole 120086 intersected 8.6g/t over 9m from 115m (89m vertical) and4.3g/t gold over 158m from 152m (115m vertical) including 11.1g/t gold over 11.4m*. 17 individual assays are greater than 10.0g/t gold. The hole targeted near-surface mineralisation above previously reported hole 120061 and confirms high-grade mineralisation over thick widths towards surface
• Hole 120094 intersected 3.9g/t gold over 141m from 239m (182m vertical) including 9.8g/t gold over 24m from 355m* (274m vertical) which is the deepest intercept to date and demonstrates high-grade continuity to this depth
• Hole 120089 intersected 6.4g/t gold over 63m from 134m (121m vertical) including 7.5g/t over 52m from 147m*and is a scissor hole to 120086, again confirming grade continuity across a broad zone in an eastern section of the 550m strike length. The hole also intersected a further 65m grading 2.8g/tfrom 244m
• Hole 120059extension intersected 3.1g/t Au over 68m from 273m (220m vertical) including 6.2g/t over 16m* further confirming a broad mineralised zone above previously reported hole 120071, which demonstrates thickness of the mineralised zone on this section (figure 3b)
  
  * highlights only - see tables 3 and 4 for details

James Withall, CEO of Rupert Resources commented "We continue to expand the mineralised envelope and the extremely high-grade results today over good widths at the eastern extent of the drilled strike of 550m demonstrate the robust nature of the Ikkari mineralising system. The higher-grade component at Ikkari is now shown to persist to at least 290m vertical. Drilling continues to test further step-outs at depth and to the east."

View the full release here: https://www.businesswire.com/news/home/20201112005584/en/