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Gold/Mining/Energy : Rupert Resources (VSE:RUP)

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From: coug2/28/2008 3:41:24 PM
   of 116
 
Reviving old threads..

Tue Feb 5, 2008
Rupert Drilling Balmer Volcanic Assemblage

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Rupert Resources Ltd. is pleased to announce that its second mother hole is currently encountering hydrothermally altered and structurally deformed mafic volcanic rocks that are interpreted to be Balmer Assemblage on its 100% owned Gold Centre property located adjacent to the Goldcorp-Red Lake and Campbell Mine complexes.

The last 194.5 metres of Rupert's second mother hole encountered mafic volcanic rocks from 3,148.5 metres to the current depth of 3,343.0 metres. These are intruded by gabbroic rocks. Very significantly, the hole is still drilling a sequence of mafic volcanic rocks interpreted to be Balmer basalts within the same structural deformation zone as at the adjacent Goldcorp-Red Lake and Campbell Mine complexes.

More than 90% of all the gold produced in the Red Lake District has come from deposits in deformation zones within Balmer Assemblage volcanics.

"We are delighted with this success in intersecting our target volcanics and deformation zone" stated Don Moore Rupert's chairman. "During this program we successfully overcame a number of hurdles and we wish to congratulate our drilling team and our drilling contractor, Major Drilling Group International, for their perseverance."

"The fact that this drill is now intersecting the target volcanics and deformation zone is significant.' stated Don Moore Rupert's chairman. "The drill is still turning and is still in the Balmer Volcanic Assemblage. At this point, while we have not yet received any assays back, we are pleased with the drilling team's success in reaching this target."

Mr. Richard Kowalski, P.Geo briefly describes sections of the mafic volcanic as follows:

3148.5 -- 3343.0 Basalt; Dark green to black; strongly carbonatized with 2-15% quartz carbonate in sheeted veins 0.5mm to 25mm, often displaying drag folding; numerous quartz -- carbonate -- chlorite -- magnetite rich zones 10cm -- 15cm. Trace to minor sulphides over all. Scattered sections contain 2 to 10 mm garnets.

3155.3 -- 3156.1 Strong to intensely fractured, with hydrothermally altered sericitic halos.

3167.3 -- 3173.8 Crystal Tuff, local strong to intense hydrothermal alteration with sericite.

Samples from the mafic volcanic unit are being cut and submitted for assay.

Mr. Richard Kowalski, P.Geo is the qualified person who is supervising the drill program and has reviewed the technical information contained in this news release on behalf of the Company.

Rupert owns 100% interest in a key property in the Red Lake District located on the major structure that controls the main gold production at the Goldcorp-Red Lake and Campbell complexes.

For further information please visit the Rupert website at www.rupert.com

D. N. Briggs
President and Director

rupert.com
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