Rupert Res Ltd - RUPRF STOCK NEWS

Rupert Resources Ltd has released its unaudited financial results for the three and six months ending August 31, 2022. The Company reported a net loss of $(5,173,267) for Q3 and $(10,318,244) for the half-year, significantly higher than the previous year's losses. Exploration expenses for the six months totaled $13,759,177. Cash reserves stood at $36,860,468, with ongoing projects focused on the Rupert Lapland Project Area and Ikkari. An update on the Ikkari Preliminary Economic Assessment is due in Q4 2022.

Rupert Resources has announced updates on its Ikkari gold discovery at the Rupert Lapland Project in Finland. The maiden resource estimate stands at 49 million tonnes at 2.5g/t Au, equating to 3.95 million Inferred ounces. An exploration program for 2022-2023 includes 72,800m of drilling, with significant infill and extension efforts underway. Recent drilling revealed high-grade gold intervals, notably 32.5m of 2.2g/t Au from the first hole of the season. A preliminary economic assessment is expected in Q4 2022.

Rupert Resources Ltd is advancing its Ikkari gold deposit in Northern Finland, reporting promising results from ongoing drilling near its flagship site. The Ikkari deposit features a maiden mineral resource estimate of 49 million tonnes at 2.5 g/t Au, totaling 3.95 million inferred ounces. Significant drill results include high-grade intercepts such as 2.6m of 11.7g/t Au and 5m of 9.8g/t Au at Ikkari North. With 75,000m of drilling budgeted for the next year, the company aims to further explore five regional target areas.

Rupert Resources Ltd reports significant progress at its Ikkari gold deposit in Northern Finland. Recent drilling has extended high-grade mineralization, with notable results including 59m of 8.0g/t Au and 24m of 6.3g/t Au. The National Instrument 43-101 mineral resource estimate stands at 49 million tonnes at 2.5 g/t for 3.95 million inferred ounces. Drilling has exceeded 45,000m since the maiden resource announcement, reinforcing the project's economic potential. An updated resource estimate and preliminary economic assessment are expected in H2 2022.

Rupert Resources Ltd has announced promising new drilling results from its Ikkari and Heinä South gold discoveries in Northern Finland. The Ikkari deposit boasts an inferred resource of 49 million tonnes at 2.5 g/t Au for 3.95 million ounces. Recent drilling has expanded the mineralized envelope, with notable intercepts of 31m at 1.1 g/t Au and 33m at 6.5 g/t Au. Heinä South also shows potential with 2m at 4.9 g/t Au. The ongoing exploration aims to enhance resource confidence and support a permitting timeline, positioning Ikkari as a key player in a potential new mining camp.

Rupert Resources Ltd announces strong drilling results from its Ikkari and Heinä South gold discoveries in Northern Finland. Significant infill drilling has defined high-grade gold zones, with notable intersections, including 110m of 5.1g/t Au and 20m of 4.5g/t Au. The Ikkari deposit contains an inferred resource of 49 million tonnes at 2.5g/t Au, totaling 3.95 million ounces. In 2022, 80,000m of drilling is planned, primarily for upgrading resources. CEO James Withall highlighted exceptional continuity and growth potential in the Ikkari deposit and identified new targets for exploration.

Rupert Resources Ltd has announced that Agnico Eagle Mines Limited exercised warrants from a February 2020 private placement, acquiring 11,543,704 common shares for net proceeds of $11,543,704. Following this transaction, Agnico Eagle now holds 15.1% of Rupert's issued shares, or 14.5% on a fully diluted basis. The warrants were accelerated due to Rupert's share price exceeding $1.25 for over 20 consecutive trading days as of February 11, 2022. The company focuses on advancing its Ikkari gold deposit and other discoveries in Northern Finland.

Rupert Resources Ltd has announced promising new drilling results from its Ikkari gold deposit in Northern Finland. Infill drilling has revealed significant intervals of gold mineralization, with Hole #121160 reporting 103 meters of 8 g/t Au. Other highlights include Hole #121162 with 41 meters of 11.8 g/t Au. The company plans to drill approximately 80,000 meters in 2022, focusing on upgrading the resource estimate and regional exploration. CEO James Withall emphasized the potential positive impact on project economics from the high-grade findings.

Rupert Resources Ltd has reported promising results from infill drilling at the Ikkari gold deposit in Finland, revealing higher gold grades than previously estimated. The inferred mineral resource now stands at 49 million tonnes at 2.5 g/t, equating to 3.95 million ounces. Drilling continues with plans for 80,000 metres in 2022, focusing on resource expansion. Notable high-grade findings include up to 12.6 g/t Au and 2.1% Cu at the Heinä Central target, indicating significant exploration potential. CEO James Withall highlighted the aggressive growth strategy, deploying six drilling rigs to enhance resource quality.