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Rupert Resources (“Rupert” or the “Company”) (TSX VENTURE:RUP)(FRANKFURT:R05) announces its results for the third quarter of 2017 and provides an update on exploration and development at its permitted Pahtavaara gold project in the Central Lapland Greenstone Belt of Northern Finland. During the nine months ended November 30, 2017, the Company spent $6,070,112 (nine months ended November 30, …
Rupert Resources (“Rupert” or the “Company”) (TSX VENTURE:RUP)(FRANKFURT:R05) announces its results for the third quarter of 2017 and provides an update on exploration and development at its permitted Pahtavaara gold project in the Central Lapland Greenstone Belt of Northern Finland.
During the nine months ended November 30, 2017, the Company spent $6,070,112 (nine months ended November 30, 2016 – $2,937,904) on exploration activities at Pahtavaara. As at November 30, 2017, the Company had cash and cash equivalents of $4,976,184.
James Withall, Chief Executive Officer of Rupert Resources said:
“We made progress on a number of fronts during the third quarter notably the consolidation and reinterpretation of the historical 300,000 metres of historical diamond drilling and the identification of a number of new exploration targets which will provide strong foundations to move the Pahtavaara Project forward.
Post period the acquisition of the Northern Aspect properties gives us a presence in a second significant gold region of Finland with a number of drill ready targets.”
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