Rupert Resources Ltd. reports follow-up assay results from its Heinä South satellite target (located 1km from Ikkari). The results confirm evidence of broader mineralised zones than previously seen at Heinä South. New assays are also published from drilling at Ikkari demonstrating that mineralisation remains open down plunge to the west with both wide and high-grade intercepts achieved.

124019 ? intersected 25m at 16.5 g/t Au from 83m including 1m at 363g/t Au and 2m at 10.8g/t Au. The hole also intersected multiple other intercepts including 1m at 256g/t Au from 25m, 1m at 48.3g/t Au from 146m and 14m at 1.2g/t Au from 201m.

Drilling continues and results from seven further drill holes in HeinäSouth are pending. #124014 tested extensions of mineralisation along the shallow plunge at depth in the west of Ikkari. The drillhole yielded multiple intercepts including both wider intercepts (23.70m at 1.7g/t Au from 602m, including 1m at 16.6g/t Au) and higher-grade intercepts (5m at 5.2g/t Au from 633m, including 1m at 19.8g/t Au and 3m at 32.7g/t Au from 655m, including 1m at 93.8g/t Au) in the target area demonstrating that mineralisation at Ikkari remains open to the west at depth.

Ongoing drilling at Heinä South target continues to identify a broader style of mineralisation at the target than was in evidence from drilling undertaken in previous years. #124019, reported, returned 25.0m at 16.5g/t Au including 1.0m at 363g/t Au with wider mineralised intervals hosted in sulphide rich breccia units. #124019 is an 80m step-out to the east from previously reported #124001 (24.5m at 1.1g/t Au).

The high-grade potential of the Heinä South target area is further evidenced by the high-grade intercept of 558g/t Au over 2m in 124006, located a further 250m to the east. Drilling has now confirmed a strike of more than 1000m at Heinä South with mineralisation across a 200m wide corridor. Current drilling is focussed on the previously sparsely tested western strike extent where mineralisation is distinct from that further to the east and greater widths of mineralisation are encountered.

Ikkari extension: 124014 is the first hole to be reported from Ikkari from the winter 2023/24 program. results show multiple mineralised intercepts with the main target area yielding both wider (23.70m at 1.7g/t Au from 602m, including 1m at 16.6g/t Au) and higher grade (5m at 5.2g/t Au from 633m, including 1m at 19.8g/t Au and 3m at 32.7g/t Au from 655m, including 1m at 93.8g/t Au) intercepts. These intercepts provide further evidence for the shallow western plunge interpreted in this portion of the deposit where mineralisation remains open to the west.

The intercepts from #124014 represent a 75m step-out along plunge from previously released #123026, 88.70m at 1.3g/t Au from 487.30m including 13m at 3.1g/t Au from 495m that was included in the November 2023 MRE for Ikkari. Geological interpretation of Ikkari: Ikkari was discovered using systematic regional exploration that initially focused on geochemical sampling of the bedrock/till interface through glacial till deposits of 5m to 40m thickness. No outcrop is present, and topography is dominated by low-lying swamp areas.

The Ikkari deposit occurs within rocks that have been regionally mapped as 2.05-2.15 billion years (?Ga?) old Savukoski group greenschist-metamorphosed mafic-ultramafic volcanic rocks, part of the Central Lapland Greenstone Belt (?CLGB?). Gold mineralisation is largely confined to the structurally modified unconformity at a significant domain boundary. Younger sedimentary lithologies are complexly interleaved, with intensely altered ultramafic rocks, and the mineralized zone is bounded to the north by a steeply N-dipping cataclastic zone.

Within the mineralised zone lithologies, alteration and structure appear to be sub-vertical in contrast to wider Area 1 where lithologies generally dipping at a moderated angle to the north. The main mineralized zone is strongly altered and characterised by intense veining and foliation that pervasively overprints original textures. An early phase of finely laminated grey ankerite/dolomite veins is overprinted by stockwork-like irregular siderite ± quartz ± chlorite ± sulphide veins.

These vein arrays are often deformed with shear-related boudinage and in situ brecciation. Magnetite and/or haematite are common, in association with pyrite. Hydrothermal alteration commonly comprises quartz-dolomite-chlorite-magnetite (±haematite).

Gold is hosted by disseminated and vein-related pyrite. Multi-phase breccias are well developed within the mineralised zone, with early silicified cataclastic phases overprinted by late, carbonate- iron-oxide- rich, hydrothermal breccias which display a subvertical control. All breccias frequently host disseminated pyrite, and are often associated with higher gold grades, particularly where magnetite or haematite is prevalent.

In the sedimentary lithologies, albite alteration is intense and pervasive, with pyrite-magnetite (± gold) hosted in veinlets in brittle fracture zones. Geological interpretation of Heinä South: The Heina South target was reappraised based on results from a new higher resolution geophysical survey flown in later 2023 which identified a south-west extension which had been untested in previous years due to a lack of base of till anomalism. Gold mineralisation in the west of Heinä South is associated with multi-phase sulphide mineralisation consisting of pyrite+-pyrrhotite+-chalcopyrite, principally occurring as the matrix to an earlier brecciated (iron)-carbonate phase.

The earlier veins occur primarily within altered carbonaceous sediments folded between more homogenous gabbroic units. Gold mineralisation in the east of Heinä South is hosted within quartz-pyrite and massive pyrite veins and as lenses, as part of a stockwork of quartz-carbonate veins. Zones of massive pyrite contain the highest grades (>10g/t Au) with disseminated sulphide zone containing anomalous (<0.5g/t) gold.

Early quartz-carbonate veins are overprinted by extensional veins that include coarse-grained pyrite and form sub-parallel trends, broadly related to lithological contacts between sediments and mafic-intermediate intrusives, although mineralisation also occurs within both lithologies. Further drilling is required to allow a resource to be published for the occurrence.