RUPERT RESOURCES REPORTS RESULTS FOR THE THREE AND SIX MONTHS ENDING AUGUST 31, 2022
Both of the above items have been posted on the Company’s website www.rupertresources.com and on Sedar at www.sedar.com.
In the six months ended
During the three and six months
Project area Rupert Laponie, CLGB,
The regional exploration program in the Rupert Laponie project area is designed to identify and evaluate the mineral potential contained in all of the Rupert lands in the CLGB.
Basal till (“BoT”) sampling continues in the Rupert Lapland project area, particularly on geophysical anomalies of interest and programs will begin on exploration permits recently applied for when granted in the coming months.
Preliminary economic assessment of Ikkari and related studies
Following publication in
The Ikkari PEA project is led by Tetra Tech and includes an assessment of the economic potential of the Ikkari and Pahtavaara mineral resources as well as the satellite deposits which continued to be drilled during the winter 2021/22 exploration program, as well as thereafter. Various studies have been initiated that will contribute to the PEA, including but not limited to: optimization of planned mining methods, schedules and site layouts, hydrogeological and geotechnical assessments and metallurgical studies , including assessment of treatment options. The objective of the Ikkari PEA is to better define the optimal parameters that will be used in a pre-feasibility study (“PFS”) that should be launched after its completion.
Environmental Assessments of Ikkari and Pahtavaara
The Environmental Impact Assessment (‘EIA’) work programme, launched in 2021/22, is underway in Ikkari and Pahtavaara, with the aim of obtaining an environmental permit and then a mining permit for Ikkari in addition to those already detained at Pahtavaara. The Ikkari PEA also draws on this process, where appropriate.
Following the drilling programs at
In 2022, IP surveys and limited drill testing were completed over the summer on the Ullava and Purontaka targets and results from these are being processed. Fieldwork continues in the Lesti Arc region and the southern extent of the Himanka Volcanic Belt, which also hosts the Hirsikangas deposit.
Management discussion and analysis