Rover Metals Provides an Infrastructure Update for Its Northern Canada Gold Projects
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company“) is pleased to provide an infrastructure update for its Cabin Gold Project and its Up Town Gold Project, located at the 60th parallel of the Northwest Territories of Canada.
NWT Infrastructure Initiatives
The Government of Canada has moved one step closer to funding the expansion of the Taltson Hydro dam into the city of Yellowknife, NWT. In a recent interview with the CBC, the federal infrastructure minister provides an update on the project. One of the many benefits of bringing additional green power into the city of Yellowknife includes a more cost-effective source of power for the future mines being developed near the city. Green energy is also amongst the ESG initiatives that major gold producers are looking for when it comes to taking an interest in development-stage gold projects.
The expansion of the Taltson Hydro dam into the city of Yellowknife also has the potential to free up hydro at both the Strutt and Snare hydro facilities which are located close to Rover’s Cabin Gold, Slemon Gold, and Camp Gold Projects.
Mineral resource exploration, and the development of mines in the Northwest Territories, remains a priority of all levels of government (not just at the federal level). In 2021, Rover received two exploration grants from the territorial government to assist with advancing exploration at its Cabin Gold Project. Also in 2021, the federally funded Tlicho All Season Road (“TASR”) opened to the public. TASR connects the cities of Yellowknife and Hay River, via Highway NT3, to Rover’s Cabin Gold Project, Fortune Minerals’ NICO Project, and Nighthawk Gold’s Indin Lake Gold Project.
Collaboration between the government and the mining industry will continue to grow economic prospects for Northern Canada and will work towards the reinforcement of Canada’s northern sovereignty. As much of the world begins to look for more ethically sourced natural resources, companies like Rover Metals are investing heavily into exploration to build the mines of the future.
Q1-2022 Financial Package
Rover is pleased to report that it has SEDAR filed its March 31, 2022 Financial Statements and Management Discussion and Analysis (“MD&A”). The MD&A includes management’s milestone for the first three months of the year.
Grant of Stock Options
The Company has granted 500,000 incentive stock options to a new consultant of the Company. The options have a five-year life, and an exercise price of $0.06 per share. The options have been granted from the Company’s 10% rolling stock option plan, approved by its shareholders at its August 2021 Annual General Meeting.
About Rover Metals
Rover is a precious metals exploration company specialized in North American (Canada and U.S.) precious metal resources, which is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel), and north-central Nevada, USA. The Company owns five gold projects. Phase 3 Exploration at its Cabin Gold Project, 60th Parallel, NT, Canada, commenced in March 2022 and continues through to the date of this release. Phase 1 Exploration at its Tobin Gold Project commenced in May 2022 and continues through to the date of this release. Lastly, the Company, is also awaiting news from the Phase 2 Exploration Program at its Up Town Gold Project, in the Northwest Territories of Canada (60th parallel).
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor corporate videos.
Website:https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
- Published in News Home, Rover Metals
Rover Metals Announces Start of Phase 1 Exploration at Tobin Gold Project, Winnemucca, NV, USA
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company“) is pleased to announce the start of its Phase 1 Exploration Program at its 100% owned Tobin Gold Project, Winnemucca, NV, USA. Rover has engaged a renowned Carlin gold geologist to assist in the planning of the Phase 1 program.
Tobin Gold Project
In February 2022, Rover acquired a 100% interest in the Tobin Gold Project (“Tobin”), which is comprised of 68 claims within BLM land, for a total of 1,405 acres (or 569 hectares). Tobin is a Carlin-style gold system set in Mesozoic rocks. The project is located about 40 km from the operating Phoenix Gold Mine, which is owned by Nevada Gold Mines, a joint venture between Newmont and Barrick. Tobin is also located about 60 km from i-80 Gold’s Lone Tree Gold Mine, 50 kms from SSR’s Marigold Mine and is in close proximity to other proven gold deposits owned by i-80 Gold, SSR Mining, and Kinross. See property map below for more details.
The property sits in the historical Mt. Tobin mercury district within an area of widespread silicification and banded chalcedony veins over an area of several square kilometers. Both structural and strata bound jasperoids are present in the adjoining Triassic and Paleozoic carbonate and fine-grained clastic sediments along the range-front structure as well as higher in the range. The prospect area was identified during a BLEG stream sediment sampling program. Follow up rock chip sampling along and above the range front confirmed that there are multiple structures carrying mineralization. Gold values run as high as 2.3 g/t Au, with many samples having gold content between 200 ppb Au and 1000 ppb Au. Pathfinder elements run as high as 200 ppm Sb, 1100 ppm As and 29 ppm Hg. Mineralization at the Tobin Project appears to be localized along two subparallel trends. The first is the range-front fault, and the second is structural zone located several tens of meters above the valley that trends somewhat obliquely to the range-front. To date, the better mineralized rocks were largely collected from this second structure located higher on the mountain front.
Proximity Map – Tobin Gold Project
Judson Culter, CEO at Rover Metals, states, “The Tobin Gold Project is our first low-cost gold exploration project. We believe that future drill programs will be reverse circulation (“RC”) drill programs. Tobin is located in the mining friendly jurisdiction of Nevada, in the Battle Mountain region, which has seen significant consolidation in the past several years.”
Annual Report
Rover has SEDAR filed its Annual 2021 Comparative Financial Statements and Management Discussion and Analysis (“MD&A”) for the years ended December 31, 2021 and December 31, 2020. The 2021 MD&A lays out management’s performance and significant milestones accomplished in 2021.
Technical information in this news release has been approved by David White, P.Geo., Technical Advisor of Rover and a Qualified Person for the purposes of National Instrument 43-101.
About Rover Metals
Rover is a precious metals exploration company specialized in North American (Canada and U.S.) precious metal resources, which is currently advancing the gold potential of its existing projects. The Company owns five gold projects. Phase 3 Exploration at its Cabin Gold Project, in the Northwest Territories of Canada (60th parallel), is also currently underway as of the date of this release. Additionally, the Company is awaiting news from the Phase 2 Exploration Program at its Up Town Gold Project, in the Northwest Territories of Canada (60th parallel).
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetalsLinkedIn: https://www.linkedin.com/company/rover-metals/Facebook: https://www.facebook.com/RoverMetals/for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor corporate videos.
Website:https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
- Published in Mining, Rover Metals
Rover Metals Announces Start of Phase 1 Exploration at Tobin Gold Project, Winnemucca, NV, USA
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company“) is pleased to announce the start of its Phase 1 Exploration Program at its 100% owned Tobin Gold Project, Winnemucca, NV, USA. Rover has engaged a renowned Carlin gold geologist to assist in the planning of the Phase 1 program.
Tobin Gold Project
In February 2022, Rover acquired a 100% interest in the Tobin Gold Project (“Tobin”), which is comprised of 68 claims within BLM land, for a total of 1,405 acres (or 569 hectares). Tobin is a Carlin-style gold system set in Mesozoic rocks. The project is located about 40 km from the operating Phoenix Gold Mine, which is owned by Nevada Gold Mines, a joint venture between Newmont and Barrick. Tobin is also located about 60 km from i-80 Gold’s Lone Tree Gold Mine, 50 kms from SSR’s Marigold Mine and is in close proximity to other proven gold deposits owned by i-80 Gold, SSR Mining, and Kinross. See property map below for more details.
The property sits in the historical Mt. Tobin mercury district within an area of widespread silicification and banded chalcedony veins over an area of several square kilometers. Both structural and strata bound jasperoids are present in the adjoining Triassic and Paleozoic carbonate and fine-grained clastic sediments along the range-front structure as well as higher in the range. The prospect area was identified during a BLEG stream sediment sampling program. Follow up rock chip sampling along and above the range front confirmed that there are multiple structures carrying mineralization. Gold values run as high as 2.3 g/t Au, with many samples having gold content between 200 ppb Au and 1000 ppb Au. Pathfinder elements run as high as 200 ppm Sb, 1100 ppm As and 29 ppm Hg. Mineralization at the Tobin Project appears to be localized along two subparallel trends. The first is the range-front fault, and the second is structural zone located several tens of meters above the valley that trends somewhat obliquely to the range-front. To date, the better mineralized rocks were largely collected from this second structure located higher on the mountain front.
Proximity Map – Tobin Gold Project
Judson Culter, CEO at Rover Metals, states, “The Tobin Gold Project is our first low-cost gold exploration project. We believe that future drill programs will be reverse circulation (“RC”) drill programs. Tobin is located in the mining friendly jurisdiction of Nevada, in the Battle Mountain region, which has seen significant consolidation in the past several years.”
Annual Report
Rover has SEDAR filed its Annual 2021 Comparative Financial Statements and Management Discussion and Analysis (“MD&A”) for the years ended December 31, 2021 and December 31, 2020. The 2021 MD&A lays out management’s performance and significant milestones accomplished in 2021.
Technical information in this news release has been approved by David White, P.Geo., Technical Advisor of Rover and a Qualified Person for the purposes of National Instrument 43-101.
About Rover Metals
Rover is a precious metals exploration company specialized in North American (Canada and U.S.) precious metal resources, which is currently advancing the gold potential of its existing projects. The Company owns five gold projects. Phase 3 Exploration at its Cabin Gold Project, in the Northwest Territories of Canada (60th parallel), is also currently underway as of the date of this release. Additionally, the Company is awaiting news from the Phase 2 Exploration Program at its Up Town Gold Project, in the Northwest Territories of Canada (60th parallel).
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetalsLinkedIn: https://www.linkedin.com/company/rover-metals/Facebook: https://www.facebook.com/RoverMetals/for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor corporate videos.
Website:https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
- Published in News Home, Rover Metals
Rover Metals to Host Live Corporate Webinar on May 4th at 2pm EST
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company“) is pleased to announce that the Company’s CEO, Judson Culter, will be presenting Rover’s high-grade gold exploration story in northern Canada, including an overview of current operations and upcoming milestones, while sharing our most recent Investor Presentation. We invite all investors and other interested parties to register for the webinar at the link below. The discussion will include Rover’s plans for gold exploration in the Battle Mountain district of Nevada, USA, later this year.
Date: Wednesday, May 4, 2022
Time: 2pm EST
Register: Webinar Registration
https://share.hsforms.com/18UdNWXlKRaeW3jf02xgeRA4h2fj
HAVE QUESTIONS? Management will be available to answer your questions following the presentation on the webinar platform. You may submit your question(s) beforehand in the registration form or by email at: rover@rbmilestone.com
About Rover Metals
Rover is a precious metals exploration company specialized in North American (Canada and U.S.) precious metal resources, which is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel), and Nevada, USA. The Company owns five gold projects. Phase 3 Exploration at its Cabin Gold Project, 60th Parallel, NT, Canada, commenced in March 2022 and continues through to the date hereof.
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetalsLinkedIn: https://www.linkedin.com/company/rover-metals/Facebook: https://www.facebook.com/RoverMetals/for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor corporate videos.
Website:https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
- Published in News Home, Rover Metals
Rover Metals Announces Second Closing of $0.05 Unit Financing
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company“) further to its release of March 21, 2022, the Company is pleased to announce the second closing of its $0.05 Unit Financing for gross proceeds of $467,500.00 (“the Second Closing”).
$0.05 Unit Financing
The Second Closing of $467,500.00 is comprised of the sale of $0.05 units in the amount of $412,500.00 and the sale of $0.055 flow-through shares in the amount of $55,000.00. The Company has issued 8,250,000 common shares and 4,125,000 common share purchase warrants as a result of the sale of $0.05 units. The warrants have an exercise price of $0.075 and a useful life of three years. The Company has also issued 1,000,000 common shares from the sale of flow-through common shares. Finders’ commissions are being paid in connection with the Second Closing in the amount of cash commissions of $13,125.00 and finders’ warrants of 255,500. The finder’s warrants will have an exercise price of $0.075 and a useful life of three years. The common shares and warrants issued under the Second Closing will bear the minimum four-month regulatory hold period from the date of issuance.
Use of Proceeds
The use of proceeds from the Second Closing will be to finance Phase 3 Exploration at the Company’s 100% owned Cabin Gold Project. The Company now has plans to expand its Phase 3 Exploration Program to include:
- Metallurgical testing of its drill core to determine potential recovery rates from the Fortune Minerals’ NICO test pilot processing facility, which will be located 40km northwest of the Cabin Gold Project.
- Re-sampling of the holes drilled at the Beaver Zone in 2021, using the metallic screen fire assay method. The metallic fire assay method is effective when sampling to determine coarse and fine gold.
Appointment of Advisors
Gary MacDonald has been appointed to the Company’s Advisory Board and will assist the Company with corporate development. Mr. MacDonald has more than 30 years of natural resource experience with an extensive background in mining. Mr. MacDonald currently serves on the board of several public and private companies and has operated projects internationally. Mr. MacDonald’s roles and involvement have been all-encompassing from field to boardroom consisting of initial assessment and diligence, financing, exploration through to development, operations, production, management, and negotiating asset /company buyouts. Mr. MacDonald will receive a grant of 400,000 incentive stock options from the Company’s rolling 10% stock option plan. The options have an exercise price of $0.06 and a life of four years.
Judson Culter, CEO at Rover, states “we are very fortunate to have such a well esteemed individual joining our team. Mr. MacDonald’s strong technical and capital markets background coupled with his extensive mining knowledge will be a major asset and benefit to Rover. Mr. MacDonald’s experience working in Nevada will bring added value to our development plans for the Tobin Gold Project, located in the Battle Mountain district of Nevada. Rover plans to launch a Phase 1 Exploration Program at the Tobin Gold Project later this year.”
The Company has also engaged marketing consultants in Switzerland to assist Rover with entering the Swiss market and reaching Swiss junior mining gold investors. Pursuant to these consulting agreements, the Company has granted 400,000 incentive stock options from the Company’s rolling 10% stock option plan. The options have an exercise price of $0.06 and a life of four years.
About Rover Metals
Rover is a precious metals exploration company specialized in North American (Canada and U.S.) precious metal resources, which is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel). The Company owns five gold projects. Phase 3 Exploration at its Cabin Gold Project, 60th Parallel, NT, Canada, commenced in March 2022 and continues through to the date hereof.
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetalsLinkedIn: https://www.linkedin.com/company/rover-metals/Facebook: https://www.facebook.com/RoverMetals/for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor corporate videos.
Website:https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
- Published in News Home, Rover Metals
Rover Metals Announces Start of Phase 3 Drilling at its Cabin Gold Project, NT, Canada
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company“) is pleased to announce that Phase 3 Exploration Drilling has commenced at its 100% owned Cabin Gold Project, NT, Canada. The goal of the Phase 3 program is to drill the highest-grade proven zones on the project, both at depth, and along surface strike. The Company will be targeting the Arrow Zone and the Beaver Zone during this program, which were the focus of the Company’s Phase 1 and Phase 2 Exploration Programs.
Arrow Zone Phase 3
On November 24, 2020, the Company reported on the confirmation and expansion of the historical results reported on by Aber Resources in the 1980s at the Arrow Zone. Drilling at Arrow (formerly the “Cabin Lake Zone”) in 2020 led to the discovery of a continuous high-grade gold ore shoot that extends 120m at surface, and dips northwest below Cabin Lake. Highlights of the 2020 results include DDH CL-20-08 which intersected 32m of 13.6 g/t Au. Hole CL-20-08 was drilled from the shoreline of Cabin Lake, out underneath the lake (with mineralization starting 12m from surface). The Company’s Phase 3 drill targets are out over the frozen ice of Cabin Lake and are designed to follow the Arrow ore shoot down dip and prove continuity at depths below 60m. The Company is planning a minimum of seven drill holes, averaging approximately 150m per hole at Arrow.
Arrow Zone Drill Collars and Conceptual Model at Depth
Beaver Zone Phase 3
On December 7, 2021, the Company reported on the infill and delineation of the historic Beaver Zone. Rover’s Dec-2021 drill results more than doubled the historic gold grades reported at Beaver. Highlights of the 2021 results include 6.4m of 4.63 g/t Au, including 2.6m of 7.80 g/t Au in the most southeastern part of the zone. On January 25, 2022, the Company also reported on a large IP anomaly discovery extending 200m southeast of the most southeastern drill hole (DDH CL-21-39) at the Beaver Zone. The IP anomaly has never been drilled and extends southeast parallel to the Arrow Zone. The Company is planning several near surface drill holes to test this anomaly, in the hopes that it will be able to extend the surface strike length at Beaver.
Beaver Zone Drill Collars and Conceptual Model Along Strike
Technical information in this news release has been approved by David White, P.Geo., Technical Advisor of Rover and a Qualified Person for the purposes of National Instrument 43-101.
$0.05 Unit Financing
Rover is pleased to announce a non-brokered financing for a minimum of $1,000,000 and a maximum of $2,000,000. The financing is a mix of units and flow-through shares. Each unit is priced at $0.05 and is comprised of one common share and one half (1/2) of a common share purchase warrant (the “Units”). Flow-through shares are being offered at $0.055 per share (no warrant). The warrants on the Units have an exercise price of $0.075 per warrant share, and a life of three years. Assuming the financing is fully subscribed, there will be up to 40,000,000 common shares and 18,6340,900 common share purchase warrants issued in connection with this financing, plus any finder’s commission warrants.
Further to the above announcement, Rover has closed the first tranche of the financing for gross proceeds of $1,180,510 (the “First Closing”). The First Closing is comprised of $1,044,000 worth of Units, and $136,510 worth of flow-through shares, resulting in the issuance of 23,362,000 common shares and 10,440,000 warrants. Finders’ commissions are being paid in connection with the First Closing in the amount of cash commissions of $64,450.70 and finders’ warrants of 1,279,340. The finder’s warrants will have an exercise price of $0.075 and a useful life of three years. The shares and warrants issued under the First Closing will bear the minimum four-month regulatory hold period from the date of issuance.
The use of proceeds of from the First Closing will be to finance Phase 3 Exploration Drilling at the Company’s 100% owned Cabin Gold Project.
About Rover Metals
Rover is a precious metals exploration company specialized in North American (Canada and U.S.) precious metal resources, which is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel). The Company owns five gold projects. In additional to Phase 3 Exploration at Cabin, the Company’s secondary asset, the Up Town Gold Project (for which it retains a 25% ownership interest), Yellowknife, NT, Canada, also saw the completion of Phase 2 Exploration Drilling in Q4-2021, and the assay results are expected in Q1-2022.
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetalsLinkedIn: https://www.linkedin.com/company/rover-metals/Facebook: https://www.facebook.com/RoverMetals/ for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber for corporate videos.
Website:https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
- Published in News Home, Rover Metals
Rover Metals Announces Acquisition of Tobin Gold Project, Winnemucca, NV, USA
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4XO) (“Rover” or the “Company“) is pleased to announce its acquisition of the Tobin Gold Project situated in the Mt. Tobin range, in northern Nevada. The Tobin Project is located 77 km by road south of the city of Winnemucca, NV, and is in the heart of a rich gold jurisdiction that has seen major consolidation in the past 24 months.
Tobin Gold Project
Rover has acquired a 100% interest in the Tobin Gold Project (“Tobin”) which is comprised of 68 claims within BLM land, for a total of 1,405 acres (or 569 hectares). Tobin is a Carlin-style gold system set in Mesozoic rocks. The project is located about 40 km from the operating Phoenix Gold Mine, which is owned by Nevada Gold Mines, a joint venture between Newmont and Barrick. Tobin is also located about 60 km from i-80 Gold’s Lone Tree Gold Mine, 50 kms from SSR’s Marigold Mine and is in close proximity to other proven gold deposits owned by i-80 Gold, SSR Mining, and Kinross. See property map below for more details.
The property sits in the historical Mt. Tobin mercury district within an area of widespread silicification and banded chalcedony veins over an area of several square kilometers. Both structural and stratabound jasperoids are present in the adjoining Triassic and Paleozoic carbonate and fine-grained clastic sediments along the range-front structure as well as higher in the range. The prospect area was identified during a BLEG stream sediment sampling program. Follow up rock chip sampling along and above the range front confirmed that there are multiple structures carrying mineralization. Gold values run as high as 2.3 g/t Au, with many samples having gold content between 200 ppb Au and 1000 ppb Au. Pathfinder elements run as high as 200 ppm Sb, 1100 ppm As and 29 ppm Hg. Mineralization at the Tobin Project appears to be localized along two subparallel trends. The first is the range-front fault, and the second is structural zone located several tens of meters above the valley that trends somewhat obliquely to the range-front. To date, the better mineralized rocks were largely collected from this second structure located higher on the mountain front.
Proximity Map – Tobin Gold Project
Judson Culter, CEO at Rover Metals, states, “The Tobin Gold Project is our first reverse circulation (“RC”) drilling project in our first low-cost exploration jurisdiction. Our portfolio of gold projects is now complete. We now have the perfect summer/fall project in Tobin, to offset our northern Canadian gold projects, which are typically best explored in the winter months.”
About Rover Metals
Rover is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel). The Company completed Phase 2 Exploration at its 100% owned Cabin Gold Project (“Cabin”) in 2021. The Company’s secondary asset, the Up Town Gold Project (for which it retains a 25% ownership interest), also saw the completion of Phase 2 Exploration Drilling in Q4-2021, and the results are expected in Q1-2022. The Company anticipates commencing its Phase 3 Exploration Program at Cabin in March of this year.
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetalsLinkedIn: https://www.linkedin.com/company/rover-metals/Facebook: https://www.facebook.com/RoverMetals/for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor corporate videos.
Website:https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
- Published in Mining, News Home, Rover Metals
Rover Metals Announces Increase to Previously Reported Intervals at Andrew Zone, Cabin Gold Project, NT, Canada
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company“) is pleased to report, that further to its release on January 13, 2022, the gold mineralization at the Andrew Zone does extend past the primary sulfide intervals in the drill core. The Company has received its new December 2021 samples back from the lab and is pleased to be reporting longer mineralized intervals at the Andrew Zone South, and Andrew Zone North.
Andrew Zone South
The Company is now reporting significant intervals of:
- 7.4m of 1.64 g/t Au (from 63.1m to 70.5m) at hole CL-21-25, or an increase of approximately 5m to the previously reported interval;
- 2.3m of 1.21 g/t Au (from 53.0m to 55.3m) closer to surface in hole CL-21-25;
- 4.5m of 2.62 g/t Au (from 50.4m to 55.1m) at hole CL-21-24 (which previously reported 3.9m of 2.91 g/t Au);
The updated cross-sections for holes CL-21-24 and CL-21-25 will be available on Rover’s website in the coming days.
Andrew Zone North
The Company is now reporting a significant interval of:
- 6.4m of 1.88 g/t Au (from 37.6m to 44.0m) at hole CL-21-29, or an increase of approximately 3m to the previously reported interval
Judson Culter, CEO at Rover Metals, states, “the Andrew Zone has a surface strike length of approximately 800m from south to north, and is open at depth. Follow-up drilling is needed to further delineate this zone at depth.”
Updated Tables of Significant Drill Results
Hole | Sample ID | From | To | Interval | Au g/t | Zone |
CL-21-24 | Y031579 | 50.37 | 51.00 | 0.63 | 0.78 | Andrew South |
CL-21-24 | V748102 | 51.00 | 51.50 | 0.50 | 2.77 | Andrew South |
CL-21-24 | V748103 | 51.50 | 52.01 | 0.51 | 0.15 | Andrew South |
CL-21-24 | V748104 | 52.01 | 52.76 | 0.75 | 1.57 | Andrew South |
CL-21-24 | V748105 | 52.76 | 53.10 | 0.34 | 3.63 | Andrew South |
CL-21-24 | V748106 | 53.10 | 53.41 | 0.31 | 5.16 | Andrew South |
CL-21-24 | V748107 | 53.41 | 53.80 | 0.39 | 1.79 | Andrew South |
CL-21-24 | V748108 | 53.80 | 54.20 | 0.40 | 3.57 | Andrew South |
CL-21-24 | V748109 | 54.45 | 54.77 | 0.32 | 6.11 | Andrew South |
CL-21-24 | V748110 | 54.77 | 55.12 | 0.35 | 4.93 | Andrew South |
Hole | Sample ID | From | To | Interval | Au g/t | Zone |
CL-21-25 | V748125 | 53.00 | 53.45 | 0.45 | 1.64 | Andrew South |
CL-21-25 | Y031568 | 53.45 | 53.96 | 0.51 | 0.22 | Andrew South |
CL-21-25 | Y031569 | 53.96 | 54.72 | 0.76 | 1.95 | Andrew South |
CL-21-25 | Y031570 | 54.72 | 55.26 | 0.54 | 0.75 | Andrew South |
CL-21-25 | Y031571 | 63.07 | 63.51 | 0.44 | 0.06 | Andrew South |
CL-21-25 | Y031572 | 63.51 | 63.95 | 0.44 | 3.39 | Andrew South |
CL-21-25 | V748126 | 63.95 | 64.25 | 0.30 | 0.73 | Andrew South |
CL-21-25 | Y031577 | 64.25 | 64.80 | 0.58 | 0.30 | Andrew South |
CL-21-25 | Y031573 | 64.80 | 65.42 | 0.62 | 1.17 | Andrew South |
CL-21-25 | V748127 | 65.42 | 65.88 | 0.46 | 1.72 | Andrew South |
CL-21-25 | V748128 | 65.88 | 66.18 | 0.30 | 0.22 | Andrew South |
CL-21-25 | V748129 | 66.18 | 66.58 | 0.40 | 2.16 | Andrew South |
CL-21-25 | Y031574 | 66.58 | 67.09 | 0.51 | 0.18 | Andrew South |
CL-21-25 | V748130 | 67.09 | 67.39 | 0.30 | 4.01 | Andrew South |
CL-21-25 | V748131 | 67.39 | 67.76 | 0.37 | 0.41 | Andrew South |
CL-21-25 | Y031575 | 67.76 | 68.00 | 0.24 | 0.12 | Andrew South |
CL-21-25 | V748132 | 68.00 | 68.35 | 0.35 | 0.50 | Andrew South |
CL-21-25 | V748133 | 68.35 | 68.68 | 0.33 | 0.64 | Andrew South |
CL-21-25 | V748134 | 68.68 | 68.98 | 0.30 | 1.59 | Andrew South |
CL-21-25 | V748135 | 68.98 | 69.68 | 0.70 | 4.27 | Andrew South |
CL-21-25 | V748136 | 69.82 | 70.12 | 0.30 | 1.07 | Andrew South |
CL-21-25 | V748137 | 70.12 | 70.46 | 0.34 | 5.55 | Andrew South |
Hole | Sample ID | From | To | Interval | Au g/t | Zone |
CL-21-29 | V748153 | 37.60 | 38.00 | 0.40 | 2.72 | Andrew North |
CL-21-29 | V748154 | 38.00 | 38.40 | 0.40 | 4.75 | Andrew North |
CL-21-29 | V748155 | 38.4 | 38.70 | 0.30 | 1.18 | Andrew North |
CL-21-29 | V748156 | 38.70 | 39.10 | 0.40 | 4.83 | Andrew North |
CL-21-29 | Y031583 | 39.10 | 39.37 | 0.27 | 0.39 | Andrew North |
CL-21-29 | V748158 | 39.37 | 39.71 | 0.34 | 1.31 | Andrew North |
CL-21-29 | V748159 | 39.71 | 40.09 | 0.38 | 5.61 | Andrew North |
CL-21-29 | V748160 | 40.09 | 40.39 | 0.30 | 4.43 | Andrew North |
CL-21-29 | V748161 | 40.39 | 40.82 | 0.43 | 0.60 | Andrew North |
CL-21-29 | Y031589 | 40.82 | 41.70 | 0.88 | 1.06 | Andrew North |
CL-21-29 | V748162 | 41.70 | 42.01 | 0.31 | 1.48 | Andrew North |
CL-21-29 | Y031589 | 42.01 | 42.25 | 0.24 | 1.06 | Andrew North |
CL-21-29 | V748165 | 42.97 | 43.37 | 0.40 | 0.92 | Andrew North |
CL-21-29 | Y031585 | 43.37 | 44.00 | 0.63 | 0.47 | Andrew North |
Drill core is cut with half sent to ALS Global Laboratories (ALS) for crushing to <2 mm with 250 g split pulverized to -75 microm (200#). ALS is an ISO 17025 accredited laboratory. A 30g change is fire assayed and analysed using AAS finish for Gold.
True thickness of the intervals reported herein have not been calculated, therefore, all intervals are reported as drill core intervals and should be considered apparent thicknesses. Program gold averages are reported at weighed averages.
Technical information in this news release has been approved by David White, P.Geo., Technical Advisor of Rover and a Qualified Person for the purposes of National Instrument 43-101.
About Rover Metals
Rover is a precious metals exploration company specialized in North American precious metal resources that is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel). The Company completed Phase 2 Exploration at its 100% owned Cabin Gold Project (“Cabin”) in 2021. The Company’s secondary asset, the Up Town Gold Project (for which it retains a 25% ownership interest), also saw the completion of Phase 2 Exploration Drilling in Q4-2021, and the results are expected in Q1-2022. The Company anticipates commencing its Phase 3 Exploration Program at Cabin in March of this year.
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetalsLinkedIn: https://www.linkedin.com/company/rover-metals/Facebook: https://www.facebook.com/RoverMetals/for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor corporate videos.
Website:https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
- Published in Mining, News Home, Rover Metals
Rover Metals shares for services
The TSX Venture Exchange has accepted for filing the company’s proposal to issue 147,411 shares at a deemed price of 5.1 cents in consideration of certain services provided to the company for the period from Oct. 31, 2021, to Dec. 31, 2021, pursuant to an addendum to an advisory agreement dated April 9, 2020, between Rover Metals Corp. and Abingdon Capital (Robert Abingdon).
Insider: Abingdon Capital, $7,500, 147,411 shares at 5.1 cents
The TSX Venture Exchange has accepted for filing the company’s proposal to issue 71,429 shares at a deemed price of 5.1 cents in consideration of certain services provided to the company for the period from Oct. 31, 2021, to Dec. 31, 2021, pursuant to a first amendment to a services agreement dated Sept. 16, 2020, between Rover Metals and Robert Schafer.
Insider: Robert Schafer, $5,000, 71,429 shares at 5.1 cents
- Published in Mining, Rover Metals
Rover Metals Announces Results of Ground IP Survey at Its Cabin Gold Project, NT, Canada
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4XO) (“Rover” or the “Company”) is pleased to report on the Phase 2 Exploration Program at its 100% owned Cabin Gold Project, NT, Canada. In Q4-2021, Rover tested a ground induced polarized survey (“IP Survey”) over proven high-grade gold zones on the property. The test results indicated a positive correlation between IP Survey chargeability and the sulfide content in the Bugow Iron Formation. High-grade gold at Cabin is associated with elevated-sulfide concentration. The Company followed up the successful test survey, with an extensive ground IP Survey that covered the Beaver Zone, Andrew Zone, and the Camp Target. The Company is pleased to announce that one of the highlights of the IP Survey is a large anomaly that appears to extend the Beaver Zone 200 meters to the southeast (of the final drill hole of the 2021 drill program, CL-21-40), trending towards the high-grade Arrow Zone. On December 7, 2021 the Company released the results of its drilling at the Beaver Zone. Highlights from drilling at the Beaver Zone included 6.4 meters of 4.63 g/t Au (from 42.6m to 49.0m), including 2.6 meters of 7.80 g/t Au. Highlights of 2020 drilling at the Arrow Zone included 32 meters of 13.6 g/t Au.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af8677ef-97f9-4af4-ae36-0b658b890081
IP Survey Comprehensive Results
The Company is also pleased to be reporting on the discovery of three prominent IP anomalies: (1) the aforementioned Beaver Zone; (2) the Andrew South IP Target, and (3) the Camp IP Target. The dipole-dipole IP Survey comprised 25m station spacing along lines spaced 25 meters apart, with a 40m depth slice of chargeability.
Beaver Zone IP Anomaly
The IP anomaly extending 200 meters to the southeast of drill hole CL-21-40 has never been drilled historically and provides exciting blue sky discovery potential to the project.
Map of the Beaver Zone IP Anomaly
Andrew South IP Anomaly
The Andrew South IP anomaly is located approximately 350 meters northeast of the Beaver Zone, close to the southern tip of the Andrew Zone. The IP anomaly appears to indicate the discovery of a new mineralized limb of the Bugow Iron Formation, and a new chargeable zone along that limb, trending from southeast to northwest parallel to both the Beaver Zone and the Andrew Zone. The Andrew South IP Anomaly has never been drilled historically and is another example of blue sky discovery potential at the project.
Map of the Andrew South IP Anomaly
Camp IP Anomaly
The historic Camp area exists along the primary limb of the Bugow Iron Formation, to the northwest of the Beaver Zone. This new IP anomaly has never been drilled historically, and again provides exciting blue sky discovery potential to the project.
Technical information in this news release has been approved by David White, P.Geo., Technical Advisor of Rover and a Qualified Person for the purposes of National Instrument 43-101.
Judson Culter, CEO at Rover Metals, states “we’re thrilled to have made the discovery of three new large IP anomalies at the Cabin Gold project. We’re hoping to test these new targets as part of our Phase 3 Exploration Program planned for Q1 of this year. None of these targets have been drilled historically. The possible extension of the Beaver Zone 200 meters to the southeast, presents us with an opportunity for another high-grade gold discovery.”
About Rover Metals
Rover is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel). The Company commenced Phase 2 Exploration at its 100% owned Cabin Gold Project in Q3-2021, and the analysis and reporting of the Phase 2 Exploration work at Cabin Gold continues through to the date of this release.
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetalsLinkedIn: https://www.linkedin.com/company/rover-metals/Facebook: https://www.facebook.com/RoverMetals/for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor corporate videos.
Website:https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
- Published in Mining, Rover Metals