RUP Rupert Resources Ltd

Rupert Resources Ltd. ("Rupert" or "the Company") (TSX VENTURE:RUP) announces
results of its summer 2013 exploration program consisting of geological and
geophysical surveys on its Gold Centre Property (the "Property") in the prolific
Red Lake gold camp. The property is located adjacent to the producing Red Lake
Mine of Goldcorp. Please see www.rupertresources.com. 


The exploration program consists of both 3D and 2D induced polarization ("IP")
and ground magnetic surveys in conjunction with geological mapping and
litho-geochemical sampling work. The 3D survey was conducted with Abitibi
Geophysics' IPower3D system, which is a true 3D array resistivity/IP
topographical imaging survey of the deeper targets. 


A total of six anomalous trends are interpreted - Three Strong to Very Strong IP
anomalies are identified on the North grid. By far, the two strongest anomalies
are GCN-03 and GCN-05, located south of tie line +750S, in an East-West
direction. These anomalies have both the chargeable and low resistivity
(conductive) signatures indicative of mineralization associated with a contact
boundary. They seem to correspond well with a contact zone of complexly folded
and faulted conglomerate and Balmer mafic metavolcanic. In addition to this
contact zone, the source for these anomalies may also be the Balmer
metavolcanics- as evidenced by a combination of the appearance of an extension
of these anomalies at further depth and a superimposition of the anomalies onto
the lithological map.


The strength and size of the chargeability anomalies suggest that their source
is deeper than the anomalies themselves. However, limited vertical extent of
this 3D IP survey prevents further vertical extrapolation to the causative
source body beyond the maximum depth of 700 meters. The existence of these
chargeability anomalies is supported by an association with a sulphidized
conglomeratic unit observed in one outcrop in the anomalous area. 


FGC Inc, who conducted the geological field work and supervised the IP and Mag
surveys on behalf of Rupert for this program, recommends that these anomalies
and their potential source be further tested by diamond core drilling. A program
of three holes totalling 2,400 meters would be designed to test the
mineralization of the most prominent anomalies (GCN-03 and GCN-05) while also
drilling into the Balmer metavolcanics, which potentially occurs just below the
lower extent of the IP interpretation of these targets.


Rupert wishes to thank the management of Conquest Resources Limited for
supporting this exploration effort by allowing the ground IP grid to overlap
onto Conquest's patents at the boundary between the two properties.


About the Gold Centre Property

The Gold Centre property is located adjacent to the Eastern boundary of Goldcorp
Inc.'s producing Red Lake Mine in Northwestern Ontario. It is located
approximately 9.5 km east-northeast of the Town of Red Lake in the Balmer
Township. The property (CLM 165) is comprised of 16 claims, totalling 625.33
acres, was renewed as Lease No. 106899 on December 1, 1994 and is valid for 21
years. Rupert owns a 100% interest in the lease, subject to a 1.5% Net Smelter
Return reserved to Camp McMan Red Lake Gold Mines Limited.


Geologically, the property is located within the economically important Balmer
mafic metavolcanic and Huston metasedimentary (coarse to fine clastics)
assemblages of the Red Lake greenstone belt. Mafic metavolcanic rocks exposed at
the northern edge of the property are believed to represent the Balmer
assemblage, host rock for the mineralization at the adjacent Goldcorp's Red Lake
Mine. The Balmer assemblage, more specifically the Balmer mafic metavolcanic
rock, is the primary target of the current geophysical IP and geological surface
work programs. The central part of the property is underlain by mainly clastic
metasedimentary rocks of the Huston assemblage disconformably which overly the
Balmer assemblage. Historical drilling within the central property area, on
strike to Red Lake Mine deposit trends, has intersected the favourable Balmer
mafic metavolcanic rock at depth. The southern part of the property is underlain
by intermediate to felsic metavolcanic rocks of younger Confederation
assemblage.


Sulphide mineralization has been observed in the overlying sedimentary rocks and
semi-massive to narrow intervals of massive pyrrhotite have also been observed
in the quartz-pebble conglomerates on the Property. In addition, anomalous gold
values hosted by quartz veins in the favourable Balmer mafic metavolcanics have
been intersected in the deep drilling. 


Ike Osmani, MSc, P.Geo., a principal geologist of FGC Inc. and the Qualified
Person ("QP") for the Gold Centre Project has reviewed and approved the
technical content of this news release


ON BEHALF OF THE BOARD 

M. Kostuik, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release


Maps are available at the following address:
http://media3.marketwire.com/docs/911636a.pdf. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rupert Resources Ltd
Martin Kostuik
416-848-7744
416-848-0790 (FAX)
info@rupertresources.com
www.rupertresources.com

Rupert Resources (TSX:RUP)
過去 株価チャート
から 5 2024 まで 6 2024

Rupert Resources (TSX:RUP)
過去 株価チャート
から 6 2023 まで 6 2024