Rupert Resources Ltd (TSX:RU)

Mining

Rupert Resources Ltd is a Toronto-based mineral exploration and development company.

It is primarily focused on the mineral properties in Central Lapland Greenstone Belt (CLGB) and Central Finland. The exploration company’s stocks trade on the TSX Venture Exchange under ‘RUP’.

The mineral exploration company’s core assets of include:

Pahtavaara Mine

It is a high-grade gold deposit situated in the Central Lapland Greenstone Belt. In 2016, Rupert acquired the Pahtavaara Project and undertook geological studies of the project site. The project also consists of a working mill facility with a primary crusher, shaking tables, flash floatation, cyclones, and spirals with a production capacity of 1400 tons per day.

Hirsikangas Mine

The orogenic gold deposit, located in Central Finland, was acquired by the company in May 2018. The company claims that an updated inferred resource estimates are predicted 89koz of gold.

Gold Centre Project is located to the southeast and close to the Red Lake Mine, which is operated by Evolution Mining in Ontario. The property consists of one lease and 16 mining claims covering an area of 258 hectares. Rupert has a 20 percent participating stake in the Gold Centre Project, while Trillium Gold Mines owns an 80 percent stake.

In August 2020, Rupert Resources entered into a joint venture agreement wherein Trillium will invest C$2000,000 per annum for the next five years and C$500,000 per annum for the subsequent years, reportedly.

The British Columbia-based Surf Inlet Project consists of various gold deposits, where the company has 100 percent interest. The gold exploration programs at the project site have led to underground drilling of mineralized fault structures, the mining company claims.

In January 2021, the mineral exploration company reported that the Ikkari Prospect, the 60,000 meters exploration program hosted on the Pahtavaara Property, reached the mineralized strike length of minimum 650 meters with depth ranging from 300-500 meters.

Contact Information

company address 82 Richmond Street East Suite 203, Toronto, Ontario M5C 1P1

company phone1 416 304 9004

company email[email protected]

company websitehttps://rupertresources.com/

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