Drilling on the Copper Chase property in northern Quebec is expected to resume next spring.
In the meantime, Rupert Resources (VSE), which is earning a 75% interest from Glencairn Explorations (ASE), will fly airborne electromagnetic surveys over an additional 125 sq. km of the property in an effort to outline additional targets.
Rupert recently completed a 10-hole drill program, including six holes on the Copper Chase showing.
The six holes were drilled along a strike length of 700 metres to test a massive sulphide showing with grades of up to 6.8% copper on surface.
Results include a 19.8-metre intersection grading 1.47% copper and 0.38% zinc in hole 95-05, and a 1.2-metre intersection grading 2.03% copper and 1.06% zinc in 95-10.
The four other holes were drilled on various geophysical targets on the property, and all intersected sulphides with anomalous metal values.
Neil Briggs, a director of Rupert, says drilling next year will include additional holes on the Copper Chase showing, as well as on other targets.
Prior to starting its recent drilling program, the joint venture significantly expanded its land package by staking surrounding ground. Reconnaissance work on this ground has identified ultramafic rocks associated with a regional magnetic high in the western portion of the claims, now called the Nickel Chase.
Similar ultramafic rocks host Falconbridge’s Raglan nickel deposit, about 110 km to the southeast, and Briggs says a third party has expressed interest in optioning the Nickel Chase.
In the meantime, on Rupert’s Surf Inlet gold project south of Prince Rupert, B.C., workers are busy preparing for underground drilling. Prior to establishing drill stations, the company will rehabilitate more than 800 metres of workings. Rupert’s treasury is nearly dry and the company is now looking at options for raising additional funds.
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