| Rupert Resources Ltd.: Drilling to Commence at Finland's Pahtavaara Gold Mine; Susan Milton Joins Rupert as Director | |
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TORONTO, ONTARIO--(Marketwired - June 9, 2016) - Rupert Resources Ltd. ('Rupert' or the 'Corporation') (TSX VENTURE:RUP) announces that it will launch its inaugural drill program next week on the permitted Pahtavaara gold mine, located in Northern Finland, that it has optioned for the six month period ending September 15, 2016 (see the Corporation's March 17, 2016 press release). This drilling program will seek to expand reserves and resources at the mine's open pit and underground targets, centering on the Karolina orebody discovered before the mine ceased its operations in 2014.
'The exploration potential at Pahtavaara is an excellent challenge for our exploration team and if successful can permit the mine to return to production as a low cost producer of gold. The abundance of targets close to production infrastructure inside Pahtavaara's 124 square kilometer land position offers the possibility for significant growth for Rupert Resources,' commented Brian Hinchcliffe, President and CEO of Rupert. 'As the company steps up its corporate activity, we are pleased to have Susan Milton join the Board.'
Susan Milton has been appointed as a Non-Executive Director and to the Audit Committee of the Corporation. Susan has two decades of experience as an investor and investment advisor with a focus on the mining sector. Ms. Milton began her career at Moss Lawson & Co before continuing at Richardson Greenshields & Sons, RBC Dominion Securities, Ocean Equities and Macquarie Private Wealth. Ms. Milton holds an MBA with a specialization in Financial Management & Markets from Arizona State University.
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Rupert Resources Inc
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CODE : RUP.TO |
ISIN : CA78165J1057 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Rupert Res. is a gold and copper exploration company based in Canada. Rupert Res. holds various exploration projects in Canada. Its main exploration properties are SURF INLET, GOLD CENTRE and HARP LAKE - RUPERT in Canada. Rupert Res. is listed in Canada. Its market capitalisation is CA$ 375.5 millions as of today (US$ 276.6 millions, € 247.8 millions). Its stock quote reached its highest recent level on May 02, 2024 at CA$ 4.50, and its lowest recent point on August 09, 2024 at CA$ 3.28. Rupert Res. has 96 280 000 shares outstanding. |