RUP Rupert Resources Ltd

Rupert Resources Ltd. (TSX VENTURE:RUP) is pleased to report that drilling of
the first daughter hole from the second mother hole on its 100% owned Gold
Centre property will commence shortly. Rupert's drill program is testing the
southeastern extension of the Main Red Lake Mine Structure. This structure hosts
Goldcorp-Red Lake and Campbell Mine complexes. More than 90% of all the gold
produced in the Red Lake District has come from deposits in deformation zones
within Balmer Assemblage volcanics.


The second mother hole reached a final depth of 3,416 metres (11,207 feet). The
bottom portion of Rupert's second mother hole encountered mafic volcanic rocks
interpreted to be Balmer basalts within the same structural deformation zone as
at the adjacent Goldcorp-Red Lake and Campbell Mine complexes. Low gold values
were found in these rocks confirming their potential. The most significant
intersection was 0.871 g/t gold over a 0.9m core length from 3300.1m to 3301.0m.


The new daughter hole has a planned length of about 1,400m from the mother hole
cut off at 1,600m.


Don Moore, Rupert's Chairman, explains, "We are very pleased that we have been
successful in intersecting gold values in the rock type that the program is
targeting. We are starting this daughter hole to reflect our enhanced
understanding of where the target structure may be found."


Mr. Richard Kowalski, P.Geo is the qualified person who is supervising the drill
program and has reviewed the technical information contained in this news
release on behalf of the Company.


Rupert owns 100% interest in a key property in the Red Lake District located on
the major structure that controls the main gold production at the Goldcorp-Red
Lake and Campbell complexes.


D. N. Briggs, President and Director

Rupert Resources (TSX:RUP)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Rupert Resources (TSX:RUP)
Historical Stock Chart
Von Jun 2023 bis Jun 2024