TORONTO, ONTARIO–(Marketwired – June 15, 2016) – Rupert Resources Ltd. (“Rupert” or the “Corporation“) (TSX VENTURE:RUP) is pleased to announce that its inaugural drill program on the permitted Pahtavaara gold mine, located in Northern Finland, will commence today as planned. This drilling program seeks to expand reserves and resources at the mine’s open pit and underground targets. Other work programs, including trenching and open pit mapping and sampling are expected to commence next week, after drilling start-up. Rupert has a six month option, ending September 15, 2016, to acquire the Pahtavaara gold mine, mill and exploration permits and concessions representing a 124 square kilometer land position (see the Corporation’s March 17, 2016 and June 9, 2016 press releases).
The Corporation also announces the appointment of Gordon Chmilar as Corporate Secretary, replacing Jo-Anne Archibald who has resigned from such office. Mr. Chmilar is a partner with global law firm Gowling WLG. For over ten years, his practice has focused on corporate finance and mergers and acquisitions.
Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol “RUP”. The Corporation holds an option to acquire the Pahtavaara gold mine, mill and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland for US$2.5 million in total consideration (see the Corporation’s March 17, 2016 press release). It also holds a 100% interest in the Gold Centre property, which consists of mineral claims located in the Balmer Township, Red Lake Mining Division of Ontario.
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 release.
Cautionary Note Regarding Forward Looking Statements
This press release contains statements which may constitute “forward-looking statements”, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to the future business activities, operating performance of the Corporation and with respect to the Pahtavaara gold mine, mill and exploration claims during the six month option period. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Corporation, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Corporation’s annual Management’s Discussion and Analysis for the year ended February 28, 2015 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Corporation does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.