Rover Mobilizes to Beaver Zone for Phase Two Exploration Program at Cabin Lake Gold Project, NT, Canada
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (“Rover” or the “Company”) is pleased to announce that further to its release of May 6, 2021, announcing its Phase Two Exploration Drill Targets for the Cabin Lake Gold Project, the Company has mobilized to site, and expects to commence exploration drilling in and around June 15, 2021. A comprehensive summer drill program of over 3,000 meters is slated to commence June 15th with a focus on the historic Beaver Zone and the historic Andrew South Zone. The Phase Two program is a follow-up to a successful Phase One 2020 drill campaign, highlights of which include 32 meters of 13.6 g/t Au, at the Cabin Lake Zone from hole CL-20-08.
Rover Awarded $120,000 Government Exploration Grant
Rover is also pleased to announce that it is a recipient of a 2021-2022 Mining Incentive Program grant in the amount of $120,000 from the Government of the Northwest Territories. The grant will be used to further advance Rover’s gold exploration at the Cabin Lake Group of Gold Projects (Cabin Lake, Slemon Lake, and Camp Lake). The use of proceeds will include airborne and ground geophysics on the iron formation at the Slemon Lake gold claim, to further extend Rover’s future exploration targets past the Bugow Iron Formation, which is located on the Cabin Lake claim (the current focus of the Phase Two program).
Judson Culter, CEO of Rover Metals states, “The team is very enthusiastic and looking forward to turning the drill-rig on. We are hoping for a repeat performance of our successful Q4-2020 campaign over the course of this highly anticipated drill program. We are incredibly grateful and honored to be selected to receive the NT Government’s grant from the Mining Incentive Program. The grant speaks volumes on a number of levels as the grant is awarded by a panel of technical experts that take into consideration the future economic impact of our exploration efforts in the southern Northwest Territories.”
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 has recently re-branded, and has a new corporate logo, and has updated the look and feel of its website, and corporate documents.
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=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:
Fern Turner
Email: fern@rovermetals.com
Phone: +1 (778) 754-2617
- Published in Mining, News Home, Rover Metals
Rover Announces Closing of the Definitive Agreement for the Assignment of the Up Town Gold Project
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (“Rover” or the “Company”) is pleased to announce that further to its release of December 7, 2020, the Company has closed the definitive assignment agreement for the Up Town Gold Project, NT, Canada.
The Up Town Gold Assignment Agreement
Rover has assigned the right to earn a 75% ownership in the Up Town Gold Project, NT, Canada, to Melius Capital Corp. Rover will retain a 25% interest in the project.
Melius Capital Corp.
Melius Capital Corp. is seeking a public listing of its shares on the Canadian Securities Exchange (the “CSE”) in Q3-2021, and expects to change its name to Artic Fox Minerals. Eligible shareholders can find more information about the public listing here.
Exploration at the Up Town Gold Project
Summer exploration is planned for the Up Town Gold Project, beginning with an airborne geophysics and mapping LiDAR program commencing next week.
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 has recently re-branded, and has a new corporate logo, and has updated the look and feel of its website, and corporate documents.
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/
- Published in News Home, Rover Metals
Rover arranges unit financing, closes $1.04M tranche
Rover Metals Corp. has arranged a non-brokered unit financing for a minimum of $1-million and a maximum of $2.5-million. Each Unit is priced at $0.10 and is comprised of one common share and one common share purchase warrant (the “$0.10 Unit Financing”). The warrants have an exercise price of $0.15 per warrant share, and a life of two years. Assuming the financing is fully subscribed, there will be up to 25,000,000 common shares and 25,000,000 common share purchase warrants issued in connection with this financing, plus any finder’s commission warrants issued in connection with the offering.
First Closing of the $0.10 Unit Financing
Further to this announcement of a financing, Rover has now also closed the first tranche of the financing for gross proceeds of $1,046,300 (the “First Units”), resulting in the issuance of 10,463,000 common shares and 10,463,000 warrants. A finders’ cash commission and finder’s warrants of $27,480.00 and 594,800 warrants, respectively, will be paid in connection with the first closing. The finder’s warrants will have an exercise price of $0.15 and a useful life of two years. The Units issued under the first closing will bear the minimum four-month regulatory hold period from the date of issuance.
Future closings of the $0.10 Unit Financing will be subject to approval by the Toronto Venture Exchange (the “TSXV”). An officer and director of the Company is selling an aggregate of 657,000 common shares of the Company from their personal holdings, for aggregate proceeds of approximately $72,270, with such sale to occur on or about June 2, 2021. The officer/director of the Company is expected to use the proceeds generated from the sale of these shares to subscribe to a future closing of the $0.10 Unit Financing.
Use of Proceeds
The use of proceeds of the first closing will be to finance exploration and exploration drilling at the Company’s 100% owned Cabin Lake Group of Gold Projects. Summer exploration is planned for all three gold properties, Cabin Lake, Slemon Lake, and Camp Lake, with airborne geophysics (LiDAR) commencing next week at all three.
About the Cabin Lake Group of Gold Projects
On September 8, 2020, Rover kicked-off its first exploration drilling program at the historic Cabin Lake Gold Project. The exploration program included both confirmation and expansion drilling of historical high grade gold drill intercepts in the Bugow “Cabin Lake Gold Zone.” Rover’s expansion drilling included the discovery of what it believes to be a primary gold bearing ore shoot at the Cabin Lake Gold Zone (see Figure 1 below). As released on November 24, 2020, drill hole CL-20-08 intersected 32 meters of continuous gold averaging 13.6 grams per ton Au. The significance of hole CL-20-08 is that economic gold grades start at just 17.5 meters from surface, and the hole has identified a northwest trend and plunge at depth, of the gold mineralization in the ore shoot zone. Hole CL-20-08 also intersected and confirmed historic holes DDH86-12 (15.77 g/t Au over 8.02m) and DDH86-28 (11.74 g/t Au over 16.0m).
Rover’s September 2020 drill program was the initial step towards confirming and expanding the historic 100,000 tons at 0.30 Oz/ton Au* historic resource estimate, reported for the Bugow Cabin Lake Gold Zone, towards a NI 43-101 compliant mineral resource estimate. Historic drill intersects reported in the Bugow Cabin Lake Gold Zone also include reported holes DDH 86-13 of 14.23 g/t Au over 6.1m; and DDH 86-10 with 10.84 g/t Au over 10.0m. As released on May 6, 2021, the Company intends to target drilling at new historic brownfields zones as part of its Phase Two Exploration Program.
(*) As per Section 2.4 of NI 43-101, Aber Resources Ltd. reported a mineral inventory (that does not compare to the current CIM Definitions Standards mineral resource categories) of 100,000 tons at 0.30 ounces per ton gold at the Cabin Lake Gold Zone on the north limb of the folded Bugow Iron Formation in their 1986 and 1987 annual reports. The parameters used for the resource calculation are unknown. These results are relevant as to delineate a larger zone of gold mineralization at the Cabin Lake Gold Zone, but further drilling is needed to bring that up to CIM Definition Standards. The reader is cautioned that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources and Rover Metals is not treating the historical estimates as current mineral resources.
Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and shareholder of Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101.
Appointment of U.S.-Based RBMG to Investor Relations Team
Rover is pleased to announce, that Effective June 1, 2021, RB Milestone Group LLC (“RBMG”) will provide corporate communications advisory, non-deal roadshow advisory, market intelligence advisory, and business referrals to the management team of the Company. RBMG has been engaged for a term of 12 months. Cash fees will be paid based on the suite of services as may be requested and provided to Rover. RBMG is at arm’s length to the Company.
Trevor Brucato, Managing Director of RBMG stated: “My team and I look forward to working with Rover and introducing their growing story to a wider audience within our investment community throughout the U.S.”
About RBMG
Founded in 2009, RBMG is a US-based corporate communications firm that specializes in investor relations advisory with offices in New York City and Stamford, Connecticut. RBMG’s US advisory practice delivers investor relations programs tailor-made for emerging companies that are private and publicly traded on the NYSE, NASDAQ, OTC, TSX, TSXV, CSE, ASX and AIM. RBMG refines communications strategies, weighs data, and advises clients on how to penetrate new markets. It helps clients target and secure relationships with niche US stakeholders and key industry strategics globally. Utilizing digital techniques, artificial intelligence (AI) and machine learning, RBMG has developed methods that improve traditional client IR initiatives to maximize ROI. RBMG is not a registered investment advisor or broker-dealer. www.rbmilestone.com
Judson Culter, CEO at Rover, states “RBMG is a good compliment to our existing investor relations relationship with Momentum PR (“Momentum”). Momentum will also continue to work with Rover and its Canadian-based investors, for another six-month renewal period.”
About Rover Metals Corp.
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. The Company has recently re-branded, and has a new corporate logo, and has updated the look and feel of its website, and corporate documents.
- Published in News Home, Rover Metals
Rover Announces Drill Targets for Phase 2 Exploration at Cabin Lake Gold Project, NT, Canada
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE: 4XO) (“Rover” or the “Company”) is pleased to announce its Phase 2 Exploration Program for its 100% owned Cabin Lake Gold Project, NT, Canada.
Recap of the 2020 Phase 1 Exploration at Cabin Lake
The 2020 Phase 1 Exploration Program was the initial step towards confirming and expanding upon the historic resource gold estimate for Cabin Lake to a NI 43-101 compliant mineral resource estimate. The program was also a stepping-stone to advancing the Company’s new exploration strategy for the property. There are several historic zones (see Phase 2 below) on the Cabin Lake Property, and Phase 1 drilling focussed on the singular Cabin Lake Zone. On November 24, 2020, the Company reported its discovery of a high-grade gold ore shoot at the Cabin Lake Zone, that extends 140 meters at surface and is open at depth. Highlights of the November 24, 2020, news release includes drill hole CL-20-08 which reported 31.9 meters of continuous high grade gold mineralization averaging 13.66 g/t Au.
Phase 2 Exploration Targets for Cabin Lake
Following the successful results of the 2020 exploration program at the singular Cabin Lake Gold Zone, Rover is planning a Phase 2 Exploration Program that will focus on testing new targets at the historical Beaver and Andrew South Zones. The exploration season is anticipated to start early June 2021, starting with LiDAR imagery and DEM studies covering the entire Cabin Lake property, including the historic Slemon and Camp Lake gold projects which are an extension of the project land package to the northwest. Crew camp construction is scheduled to start on or around May 15th, 2021.
Detailed inspection and analysis of the 2020 drill core in Q1-2021 has revealed the direct relationship between fine-grained primary semi-massive pyrite mineralization with the gold distribution. In reviewing the historic drill database, a geological exploration model for 2021 has been developed targeting zones of high fine-grained pyrite content described in the 1985 to 1991 drill logs. Two zones, historically named the Beaver Zone and Andrew South Zone, have been identified as the most favorable in terms of: (1) sulfide content (>30% pyrite); and (2) historically reported gold assays in the same pyrite-rich intervals. Follow-up drilling is needed in these zones as the historic drilling was done with small BQ sized drill core and was limited to a few surface holes. Rover will be recovering larger NQ sized core to provide a better, more representative sample.
Figure 1 – Phase 2 Exploration Drill Targets
Beaver Zone
At the Beaver Zone, historic hole 88-61 reported a thick, >5m zone with >30% pyrite, reporting gold assays of 5m averaging 3.0 g/t Au, and 15m averaging 1.1 g/t Au. Nearby historic holes 87-49 and 88-63 show continuity of the >30% sulfide zone over a length of >20 meters, indicating the potential for a second gold mineralized shoot/zone.
Figure 2 – Beaver Zone Drill Target
Andrew South Zone
At the Andrew South Zone, historic hole 87-45 intersected another thick (>5m) interval where continuous 30% pyrite content is described in the drill logs with gold assays reporting 5.4m averaging 2.8 g/t Au. Step-out historic hole 87-56 intersected two sulfide rich zones (both limbs around the hinge zone of the tightly folded, sulfidized iron formation) returning an anomalous, but continuous low-grade gold interval, of 15m at 0.9 g/t Au.
Figure 3 – Andrew South Zone Drill Target
Other Zones
There are other zones on the property with strong potential for gold mineralization based on the review of historic drill logs that describe sulfidization in the iron formation that is coincident with the trace of the Bugow Iron Formation (>15km in length). The iron formation was delineated and reinterpreted from recent airborne magnetic airborne surveys, particularly in the northernmost end of the property (V-Showing, 0.22 oz/ton Au over 7 feet in a trench) and along the fold hinge immediately north of the Andrew North Zone.
Judson Culter, CEO at Rover Metals, states “we are excited to get back to exploration at the Cabin Lake Gold Project. LiDAR is the perfect next step for the project and will be another valuable tool for enabling our technical team to pinpoint the drill collar locations for the Beaver and Andrew South Zones. We have already identified the first drill collar locations for the Beaver Zone, and we are waiting on the snow to melt, so that we can mobilize for exploration.”
Rover’s technical team, led by Raul Sanabria, will continue to work on updates to the company’s website in the coming weeks. Near-term updates will include interpretation of the LiDAR imagery. The Company believes that the Cabin Lake Gold Project shares many comparable geological features with other Northwest Territories Archean load gold deposits which commonly have a statistical one-to-eight horizontal-to-vertical aspect ratio for mineralization at depth and an association with banded iron formation.
Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and shareholder of Rover Metals Corp. 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 Cabin Lake Gold Property, NT, Canada.
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=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:
Judson Culter
Email: judson@rovermetals.com
Phone: (778) 754-2617
Statement Regarding Forward-Looking Information
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
Photos accompanying this announcement are available at
Figure 1 – Phase 2 Exploration Drill Targets
Phase 2 Exploration Drill TargetsFigure 2 – Beaver Zone Drill Target
Beaver Zone Drill TargetFigure 3 – Andrew South Zone Drill Target
Andrew South Zone Drill Target
© 2021 Canjex Publishing Ltd. All rights reserved.
- Published in Mining, News Home, Rover Metals
Rover obtains Winter Access Road Permit to Cabin Lake Gold Property and Mobilizes for Winter Exploration
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE: 4XO) (“Rover” or the “Company”) is pleased to announce that it has obtained an amendment to its exploration land use permit at its Cabin Lake Gold Property to allow for winter road access (the “Cabin Lake Access Road”). The amendment allows for winter road access off of Highway NT3, at the town of Behchoko, NT, directly to site. The First Nations Tlicho Government, in additional to the territorial government and regulatory water board, were all approving parties to the permit amendment and access agreement. Use of the Cabin Lake Access Road will extend to July 19, 2023 (extendable for an additional two years thereafter) and will materially decrease the Company’s winter exploration costs (see below). Upon receipt of the good news, the Company has now made plans to immediately mobilize its winter exploration equipment to Cabin Lake, and it anticipates commencing exploration drilling in early March (see below).
Judson Culter, CEO at Rover, states, “The Cabin Lake Access Road is a huge win and a stepping-stone for the Company and its stakeholders. The access road will reduce the Company’s all-in diamond drilling costs by approximately 35% moving forward, and allow it to maximize stakeholder value. The access road also opens the door to other future opportunities such as potential access to mills and mining operations in the area. Cabin Lake is situated 120km from the city of Yellowknife.”
Winter Exploration Plans for Cabin Lake Gold Property
On September 8, 2020, Rover kicked-off its first exploration drilling program the Cabin Lake Gold Property. The exploration program included both confirmation and expansion drilling of historical high grade gold drill intercepts in the Bugow “Cabin Lake Gold Zone.” Rover’s expansion drilling included the discovery of what it believes to be a primary gold bearing ore shoot at the Cabin Lake Gold Zone (see Figure 1 below). As released on November 24, 2020, drill hole CL-20-08 intersected 32 meters of continuous gold averaging 13.6 grams per ton Au. The significance of hole CL-20-08 is that economic gold grades start at just 17.5 meters from surface, and the hole has identified a northwest trend and a plunge at depth, of the gold mineralization in the ore shoot zone. Hole CL-20-08 also intersected and confirmed historic holes DDH86-12 (15.77 g/t Au over 8.02m) and DDH86-28 (11.74 g/t Au over 16.0m). Rover believes the ore shoot is open at depth and along strike.
Figure 1 – Drill Plan View Featuring Ore Shoot
Rover’s September 2020 drill program was the initial step towards confirming and expanding the historic 100,000 tons at 0.30 Oz/ton Au* Bugow historic resource estimate towards a NI 43-101 compliant mineral resource estimate. Historic drill intersects reported in the Bugow Cabin Lake Gold Zone also include reported holes DDH 86-13 of 14.23 g/t Au over 6.1m; and DDH 86-10 with 10.84 g/t Au over 10.0m.
Starting in March 2021, the Company plans to drill the Cabin Lake Gold Zone ore shoot at depth, as well as several other brownfields targets that exist along the Bugow Iron Formation (for example, the Andrew North Zone, the Andrew South Zone, and the Beaver Zone – all part of the Cabin Lake Property). The Company currently has identified at least 12 targets as potential new ore shoot discoveries on the property. This is an initial release. More details in terms of exact start date, planned meterage and drilling budget will be released in the coming weeks.
(*) As per Section 2.4 of NI 43-101, Aber Resources Ltd. reported a mineral inventory (that does not compare to the current CIM Definitions Standards mineral resource categories) of 100,000 tons at 0.30 ounces per ton gold at the Cabin Lake Gold zone on the north limb of the folded Bugow Iron Formation in their 1986 and 1987 annual reports. The parameters used for the resource calculation are unknown. These results are relevant as to delineate a larger zone of gold mineralization at the Cabin Lake Gold Zone, but further drilling is needed to bring that up to CIM Definition Standards. The reader is cautioned that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources and Rover Metals is not treating the historical estimates as current mineral resources. Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and shareholder of Rover Metals Corp. 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 Cabin Lake Gold Property.
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:
Judson Culter
Email: judson@rovermetals.com
Phone: (604) 449-5347
- Published in Mining, News Home, Rover Metals
Rover Metals Update on Exploration at Cabin Lake Gold Project and First Close of $0.10 Unit Financing
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (“Rover” or the “Company”) is pleased to announce that it is meeting all interim milestones for a resumption of exploration drilling at its 100% owned Cabin Lake gold project, NT, Canada as soon as this February, 2021. Further to its release of January 4, 2021, the Company is on track to obtain an ice road permit this winter to access the Cabin Lake project directly off Highway NT3, at the town of Behchoko. Ice road access to the property will materially decrease the Company’s exploration costs.
About the Cabin Lake Gold Property
On September 8, 2020, Rover kicked-off its first exploration drilling program at the Cabin Lake Gold Property. The exploration program included both confirmation and expansion drilling of historical high grade gold drill intercepts in the Bugow “Cabin Lake Gold Zone.” Rover’s expansion drilling included the discovery of what it believes to be a primary gold bearing ore shoot at the Cabin Lake Gold Zone (see Figure 1 below). As released on November 24, 2020, drill hole CL-20-08 intersected 32 meters of continuous gold averaging 13.6 grams per ton Au. The significance of hole CL-20-08 is that economic gold grades start at just 17.5 meters from surface, and the hole has identified a northwest trend and plunge at depth, of the gold mineralization in the ore shoot zone. Hole CL-20-08 also intersected and confirmed historic holes DDH86-12 (15.77 g/t Au over 8.02m) and DDH86-28 (11.74 g/t Au over 16.0m).
Figure1 – Drill Plan View Featuring Ore Shoot
Rover’s September 2020 drill program was the initial step towards confirming and expanding the historic 100,000 tons at 0.30 Oz/ton Au* Bugow historic resource estimate towards a NI 43-101 compliant mineral resource estimate. Historic drill intersects reported in the Bugow Cabin Lake Gold Zone also include reported holes DDH 86-13 of 14.23 g/t Au over 6.1m; and DDH 86-10 with 10.84 g/t Au over 10.0m. Starting in February 2021, the Company plans to drill the Cabin Lake Gold Zone ore shoot at depth, as well as several other brownfields targets that exist along the Bugow Iron Formation (for example, the Andrew North Zone, the Andrew South Zone, and the Beaver Zone – all part of the Cabin Lake Property). The Company currently has identified at least 12 targets as potential new ore shoot discoveries on the property.
(*) As per Section 2.4 of NI 43-101, Aber Resources Ltd. reported a mineral inventory (that does not compare to the current CIM Definitions Standards mineral resource categories) of 100,000 tons at 0.30 ounces per ton gold at the Cabin Lake Gold zone on the north limb of the folded Bugow Iron Formation in their 1986 and 1987 annual reports. The parameters used for the resource calculation are unknown. These results are relevant as to delineate a larger zone of gold mineralization at the Cabin Lake Gold Zone, but further drilling is needed to bring that up to CIM Definition Standards. The reader is cautioned that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources and Rover Metals is not treating the historical estimates as current mineral resources.
$0.10 Unit Financing
Further to its releases of January 6, 2021, announcing a non-brokered $0.10 Unit Financing, Rover has now closed the First tranche of the $0.10 Unit Financing for gross proceeds of $1,007,500 (the “First Units”). Each unit is comprised of one common share and one common share purchase warrant (the “First Warrants”). The First Units were issued at $0.10 per unit, resulting in the issuance of 10,075,000 common shares and 10,075,000 warrants. The First Warrants have an exercise price of $0.15 per warrant share, and a life of two years. Finders’ commission warrants are expected to be issued on certain monies raised, upon final closing of the $0.10 Unit Financing, once TSXV approval has been obtained. The units will bear the minimum four month regulatory hold period from the date of issuance. The use of proceeds of the first closing will be to finance exploration planning, winter exploration mobilization, winter drilling, and working capital for general and administrative expenses.
Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and shareholder of Rover Metals Corp. 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.
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:
Judson Culter
Email: judson@rovermetals.com
Phone: (604) 449-5347
- Published in Mining, News Home, Rover Metals
Rover applies for Ice Road access to Cabin Lake Gold Property, NT, Canada
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (“Rover” or the “Company”) is pleased to announce that it submitted a permit application for ice road access to its 100% owned Cabin Lake Gold Property, NT, Canada in December 2020 (the “Cabin Lake Ice Road”).
Cabin Lake Ice Road
The proposed route for the Cabin Lake Ice Road is directly off Hwy 3 at the town of Behchoko, NT, and 40 km north-northwest across Russell Lake to the property. Ice road access to the property, if approved, will materially decrease Rover’s future exploration costs, and allow for heavier lower-cost exploration equipment, such as track drills. The Cabin Lake Ice Road will also materially reduce the amount of helicopter time.
Rover is also pleased to provide an update on the construction progress of the Tłı̨chǫ All-Season Road Project (“TASR”), a permanent 97 km two-lane gravel highway that will provide year-round access to the Community of Whatı̀ by connecting to Hwy 3 west of Yellowknife, Northwest Territories, Canada. Construction of the TASR commenced in September 2019. The updated schedule anticipates the road to be open to the public by Fall 2021.
Judson Culter, CEO at Rover, states “TASR opens up access to the Cabin Lake Group of Gold Properties and will help to reduce future exploration costs in the area. The timing of TASR’s completion (Fall 2021) is complemental to the timing of Rover’s exploration plans in the area. Specifically, the Slemon Lake, and Camp Lake Gold Properties will benefit from increased accessibility.
For more information on TASR please visit the official website of the Government of the Northwest Territories.
Lastly, Rover is pleased to announce that the feasibility study for the expansion of the Taltson Hydro facility into the North Slave/Yellowknife hydro system continues to receive federal funding. The Canadian Federal Government allocated $18MM over three years in March 2019. Work is currently underway to develop transmission and hydro plans, fulfill environmental responsibilities, engage stakeholders, and establish strong Indigenous partner relationships.
Judson Culter, CEO at Rover, states “an upgrade to the North Slave hydro facility could create excess hydro power at the Strutt Lake hydro facility, which is nearby to theCabin Lake Group of Gold Properties.”
For more information on Taltson Hydroelectricity Expansion Project please visit the official website of the Government of the Northwest Territories.
Appointment of Momentum PR to Public Relations Team
Effective January 4, 2021, MomentumPR has been appointed to Rover’s public relations team. MomentumPR, a Montreal, Quebec, based public relations firm, will assist the Company in increasing public awareness by managing the Company’s corporate communications and marketing activities and facilitating dialogue with the Company’s shareholders, finance professionals, analysts and media contacts within the North American investment community.
Max Gagné, president of Momentum, states: “We are extremely proud to include Rover in our roster of carefully selected clients. The gold market is performing very well and we expect this trend to continue in 2021. Rover has an experienced team of experts, we are confident in their ability to develop its current assets while enhancing shareholder value.”
About MomentumPR
Momentum PR assists public companies in distributing their messaging to target audiences within the North American investment community. Through a national network of institutional investors, analysts and financial media relationships, the team may communicate the clients’ value drivers, growth potential and development vision clearly and efficiently. The experienced team of communications specialists work closely with senior management to build campaign objectives and market activity while executing on a long-term investor relations strategy and respond to immediate changes. Pursuant to Momentum PR agreement, Rover has awarded 350,000 incentive stock options to MomentumPR, with a four year life, and with varying exercise prices ranging from $0.125 per option share to $0.20 per option share (87,500 at $0.125; 87,500 at $0.15; 87,500 at $0.175; and 87,500 at $0.20).
Rover Metals is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects.
You can follow Rover Metals 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:
Judson Culter
Email: judson@rovermetals.com
Phone: (604) 449-5347
- Published in Mining, News Home, Rover Metals
Rover to Re-Option Up Town Gold Property
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (“Rover Metals” or the “Company”) is pleased to announce that it has entered into a definitive assignment agreement, dated December 4, 2020, to assign the First Option of the Up Town Gold Option Agreement (the “Up Town Assignment Agreement” or the “Agreement”). The Agreement has been entered into with Silver Range Resources Inc. (TSXV: SNG) and a private company, Melius Capital Corp (“Melius Capital”).
Up Town Gold Assignment Agreement
The Agreement calls for:
- Rover Metals to receive $350,000 in up front compensation from Melius Capital upon achieving the closing milestones of the Agreement;
- Rover Metals is to assign the First Option of the Up Town Gold Option Agreement to Melius Capital;
- An extension is to be granted for the $1,250,000 work exploration commitment currently required to be incurred on or by March 16, 2021: $500,000 in expenditures shall now be incurred on or before June 30, 2021; and $750,000 in expenditures shall be incurred by June 30, 2022.
- Melius Capital is to assume all existing cash payment deadlines and claim renewal and mining lease conversion payments and work commitment deadlines in relation to mining lease conversions as required under the First Option of the Up Town Gold Option Agreement;
- Rover Metals is to retain the right to acquire the Second Option (the right to acquire a 25% interest in the property at a future date);
- If Rover Metals is to exercise its right to the Second Option, then Rover Metals and Melius will come to negotiate terms of a joint venture; and
- If Melius Capital were to drop the First Option, then the First Option shall be re-assigned back to Rover Metals.
Silver Range Resources Inc., the title holder and Optionee of the property, has provided its consent to the assignment.
This is an initial press release. There are several closing conditions pursuant to the Agreement. The Company plans to issue a further press release once the Agreement has closed, and assignment of the First Option has occurred. The Up Town Gold Option Agreement, and its amendments, are available for viewing on the Company’s profile on the SEDAR website at www.sedar.com.
The Up Town Gold Property
The Up Town Gold project is located on the outskirts of city limits of the city of Yellowknife. The Up Town Gold project is an Archean lode-gold prospect adjoining the historic 7.2 million ounces1 (0.564 ounces per tonne Au or 16 g/t Au) Giant Mine gold deposit in Yellowknife, Northwest Territories and Gold Terra Resources’ (TSXV: YGT) Yellowknife City Gold Project. The 3,227 hectare property hosts ten high-grade gold occurrences. Most work has been conducted at the Rod Vein which was drilled to a shallow depth in the 1960’s and mined on a small scale in 1979 by previous owners. Recent historic surface sampling returned grab samples up to 318 g/t Au and channel samples up to 1.20 m @ 17.27 g/t Au. Drilling by Rover Metals in 2017 returned significant gold intersections in all of three holes drilled with best results of 5.4 m @ 4.28 g/t Au including 0.9 m @ 22.10 g/t Au (Rover Metals Press Release dated October 4, 2017). At the Fox South zone, a different style of wide, disseminated, shear zone hosted mineralization returned historic surface samples up to 30.3 g/t Au. Rover tested the zone with three drill holes in 2017 with best results of 7.1 m @ 0.62 g/t Au including 0.3 m @ 5.12 g/t Au. Other zones on the property have not yet been explored by Rover.
- Silke, R. 2009. The Operational History of Mines in the Northwest Territories, Canada. Tables 3,4,5,and 6 from pages 266, 269, and 270.
Historic property scale geochemical and geophysical surveys defined several large-scale structural corridors localizing the principal gold showings and parallel to the Giant Shear Zone in the Yellowknife Greenstone Belt. Mineralization at the Up Town Gold property is granitoid-hosted and belongs to the recently-recognized class of Archean granitoid-hosted lode gold deposits. Prominent examples include Woodcutters Goldfields in Australia; Buzwagi in Tanzania; Renabie, Cote Lake, Hammond Reef and Hasaga in Ontario; and several mines in the Bourlamarque Batholith in Quebec. Aside from historic work on the Up Town Gold Property, no extensive exploration for this class of deposits has been conducted in the Yellowknife area despite the large gold endowment in the district.
JudsonCulter, CEO at Rover Metals, states “timing and execution of this transaction couldn’t be better. The offloading of approx. $1.4MM, of what would have been current liabilities, related to the Up Town Gold project, allows us to focus on our core Cabin Lake group of gold projects. On November 24, 2020, we announced a continuous gold drill intercept of 32 meters of 13.6 g/t Au at Cabin Lake. We want to get back in there and get to work as soon as possible. Our new deal with Melius Capital, allows Rover Metals the right to retain a 25% ownership interest in the Up Town at a future date. Rover Metals plans to play an ongoing supportive role to Melius Capital to assist them in advancing the gold potential of Up Town Gold.”
Finder’s Fees
A company beneficially owned by Fern Turner, an arm’s length party with respect to the transaction, and as defined in the TSXV’s policies, will receive a $7,000 cash finder’s fee upon closing of the Agreement.
Schafer Advisor Agreement
Further to its release of October 5, 2020, the Company has received approval from the TSXV for the Robert Schafer shares for services advisor agreement of $2,500 per month in advisory services (the “Schafer Agreement”). Pursuant to the Schafer Agreement, the Company has also received approval from the TSXV to settle advisory services of $10,000, for the period of May 16, 2020 through to September 15th, 2020, with the issuance of 137,187 common shares as full settlement. The shares will bear a four month regulatory hold period from the date of issuance.
Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and shareholder of Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101.
About Rover Metals
Rover Metals is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects.
You can follow Rover Metals 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:
Judson Culter
Email: judson@rovermetals.com
Phone: (604) 449-5347
- Published in Mining, Rover Metals
Rover Drills 32 Meters of Continuous Gold Averaging 13.6 grams per ton at Cabin Lake project, NWT Canada
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (“Rover Metals” or the “Company”) further to its release of October 26, 2020, Rover Metals is pleased to announce that all fire assays from its summer-fall 2020 exploration program at Cabin Lake have now been received.
Summer–Fall 2020 Cabin Lake Exploration Program
Nine diamond drill holes were completed at the 100% owned Cabin Lake Gold Project in early October 2020. The drill program was designed to confirm and hopefully expand the historic high-grade gold intersects at the southern Bugow zone, in both a parallel direction to historic holes (twinned holes) and oblique to the historic azimuths. Oblique holes were proposed to test the possible influence of a regional deformation corridor, intersecting the Bugow Iron formation, and responsible for gold deposition, therefore providing a better understanding of the structural and mineralizing controls, and to try to reproduce these mineralized zones (shoots) in other sectors of the property where the Bugow Iron Formation is intersected and the same conditions repeat. The October 26, 2020 release discussed the results from holes CL-20-01 and CL-20-03. This release discusses (1) the drill program as a whole (all results); (2) the significance of the new, previously unreleased holes, as they relate to both the historical holes and the new intersection of hole CL-20-01 (discovery of a potential ore body); and (3) an amendment to length and average grades of previously released CL-20-03 (to slightly shorten the interval reported to adjust for economic grades). See Table 1 below for a summary of assay highlights.
Drill hole CL-20-01 was drilled oblique (45 degrees to bedding) to historic drill hole 86-28 in an attempt to confirm the historic high-grade intersect (14.98 g/t Au continuous average over 12.1m) and also to test the influence of shearing affecting the Bugow Iron formation in both sulfidization and gold deposition. Hole CL-20-01 intersected the amphibolitic iron formation at a depth of 24.29m, where the upper contact appears sheared, deformed and intensely sulfidized. The iron formation is also flooded with quartz veining, likely related to a deformation/shearing event, and more than probable, related to the gold mineralization. Later narrow pegmatite bodies intrude both the host rock and the mineralized zones, thus explaining the dilutive low to nil gold values between high-grade gold intervals. The continuous long gold mineralized interval extends from 24.63m to 46.64m for a total of 22.0m averaging 7.94 gpt Au (all averages reported in this release are weighted). The 22.0 meter interval includes 2.78m averaging 18.50g/t Au. See Hole C-20-08, as well as Figure 1 – Drill Plan View, below below for discussion of the intersection between holes CL20-01 and CL-20-08.
Drill hole CL-20-03 was planned with the intent of validating and verifying both of the historic intersects of holes 86-10 and 86-11, as well as to intersect the historic Bugow Iron formation in between these historic holes after applying deviation corrections in the historic database. Hole CL-20-03 intersected a long interval of continuous gold mineralization from the upper sheared contact of the historic Bugow Iron formation at a depth of 41.199m to 54.84m, for a total of 13.7m averaging 6.97 g/t Au. The 13.7m intersect has a larger sub interval of continuous gold mineralization of 11.5m averaging 7.96 g/t Au.
Drill hole CL-20-05 was drilled oblique (45 degrees to bedding) to historic drill hole 86-26, and at a similar orientation to new hole CL-20-01 in an attempt to confirm the historic high-grade intersect 12.54 g/t Au over 4.1m and also to test the influence of shearing affecting the Bugow iron formation in both sulfidization and gold deposition. New hole CL-20-05 intersected the sheared and sulphidized amphibolitic iron formation at a depth of 45.53m. The continuous gold mineralized interval extends from 45.53m to 55.2m for a total of 9.67m with a weighted average of 4.15 g/t Au. The 9.67m interval includes a higher-grade interval of 8.97 g/t Au over 3.11m (from 45.53m to 48.64m).
Drill hole CL-20-06 was drilled along strike of CL-20-03. This hole was collared on section to intersect with historic holes 86-29 and 86-24, both of which had returned poor to nil historic gold assays. New hole CL-20-06 was a success and a new discovery. It was drilled closer to surface than the historic hole and intersected a silicified and sheared sulphidic iron formation from 13.01m to 20.5m that graded a continuous average of 7.55 g/t Au over 7.49m. The 7.49m interval included 9.98 g/t over 5.57m (13.1m to 18.6m), and 13.78 g/t over 2.82m (13.1m to 15.9m). The 7.49m intersection is significant because it shows that there are significant mineralized gold shoots that were missed during the historic drill campaigns, and it supports the new hypothesis that the high grade gold at the Bugow zone occurs closer to surface then previously interpreted.
Drill hole CL-20-07 stepped-out to the south of new hole CL-20-06 and intersected and confirmed gold values drilled in historic hole 86-14. A variably silicified and sheared iron formation was intersected from 28.0m to 52.93m. New hole CL-20-07 returned higher grades than historically reported bringing an continuous average interval of 7.05 g/t Au over 4.98m (from 28.6m to 33.6m).
Drill hole CL-20-08suggests the potential discovery of continuous high-grade gold ore body (see “Figure 1 – Drill Plan View” below). New hole CL-20-08 was drilled oblique to historic drill holes 86-12 (15.77 g/t over 8.02m) and targeted the shear zone intersected by new hole CL-20-01 (see above). CL-20-08 intersected gold mineralized iron formation at a depth of 18.04m. The continuous gold mineralized interval extends from 18.04m to 32m averaging 13.66 g/t Au over 31.9m. The 31.9m interval includes 29.9m of continuous 14.45 g/t gold. Hole CL-20-08supports the interpretation that gold mineralization associated with shearing in the iron formationis continuous between the section collared at CL-20-01 and CL-20-08, and boosts the overall average of continuous gold intersected by CL-20-01.
Drill holes CL-20-02, CL-20-04, and CL-20-09 did not return significant gold values. However, these drill holes continued through the iron formation and are helping to provide a better understanding of the structures that control the gold mineralization reported above.
Judson Culter, CEO at Rover Metals, states“we are excited to get back to drilling at Cabin Lake, and the above featured Bugow zone, as soon as Q1-2020. Our preliminary geological modelling suggests that the ‘DDH 86-28 to CL-20-01 to CL-20-08 to DDH86-19’ quadrant at Bugow is a conceptual high-grade ore body that needs to be drill tested at depth. The continuity of gold mineralization in Holes CL-20-01 and CL-20-08 shows us that gold is associated with sheared intervals of the iron formation and is not stratiform to bedding. The Summer 2020 drill confirmation of our exploration approach generates new targets not only within the Bugow zone,but also within the other historic showings on the property (the Beaver Zone, Andrew South Zone, and the Andrew North zone). We also now have opened the door to severalgreenfields targets on the project.”
Rover’s technical team, led by Raul Sanabria, will continue to work on updates to the company’s website in the coming days. Updates will include more technical cross-sections and 3D modelling of all drill results at the Bugow zone to date. The Company intends to share the assay certificates and the raw drill data on its website as well, along with geological comparables for Northwest Territories archean load gold deposits that have statistically had a one-to-eight horizontal-to-vertical ratio for mineralization at depth.
Table 1. Summary of Assay Results
CL-20-01 | ||||
From(m) | To(m) | Interval(m) | Sample ID | Au ppm |
24.63 | 24.93 | 0.30 | V745603 | 1.45 |
24.93 | 25.40 | 0.47 | V745604 | 5.38 |
25.40 | 25.90 | 0.50 | V745606 | 11.50 |
25.90 | 26.27 | 0.37 | V745607 | 16.20 |
26.27 | 26.71 | 0.44 | V745608 | 1.88 |
26.71 | 27.38 | 0.67 | V745609 | 3.18 |
27.38 | 28.00 | 0.62 | V745610 | 0.05 |
28.00 | 29.01 | 1.01 | V745611 | 2.54 |
29.01 | 29.31 | 0.30 | V745612 | 11.40 |
29.31 | 29.35 | 0.04 | V745613 | 8.36 |
29.35 | 29.76 | 0.41 | V745614 | 5.75 |
29.76 | 30.40 | 0.64 | V745615 | 5.21 |
30.40 | 30.90 | 0.50 | V745616 | 5.06 |
30.90 | 31.35 | 0.45 | V745618 | 20.50 |
31.35 | 31.88 | 0.53 | V745619 | 11.30 |
31.88 | 32.46 | 0.58 | V745620 | 9.40 |
32.46 | 32.59 | 0.13 | V745621 | 0.65 |
32.59 | 32.87 | 0.28 | V745622 | 2.26 |
32.87 | 34.00 | 1.13 | V745623 | 10.20 |
34.00 | 34.40 | 0.40 | V745624 | 12.80 |
34.40 | 34.90 | 0.50 | V745625 | 4.52 |
34.90 | 35.43 | 0.53 | V745626 | 4.86 |
35.43 | 35.93 | 0.50 | V745627 | 4.32 |
35.93 | 36.43 | 0.50 | V745629 | 1.18 |
36.43 | 37.00 | 0.57 | V745630 | 3.55 |
37.00 | 37.50 | 0.50 | V745631 | 13.60 |
37.50 | 38.04 | 0.54 | V745632 | 13.20 |
38.04 | 38.54 | 0.50 | V745633 | 9.56 |
38.54 | 39.04 | 0.50 | V745634 | 6.51 |
39.04 | 39.65 | 0.61 | V745635 | 4.83 |
39.65 | 40.10 | 0.45 | V745636 | 3.88 |
40.10 | 40.70 | 0.60 | V745638 | 6.58 |
40.70 | 41.20 | 0.50 | V745639 | 4.81 |
41.20 | 41.70 | 0.50 | V745640 | 7.14 |
41.70 | 42.20 | 0.50 | V745641 | 12.40 |
42.20 | 42.70 | 0.50 | V745642 | 18.70 |
42.70 | 43.05 | 0.35 | V745643 | 27.30 |
43.05 | 43.28 | 0.23 | V745644 | 1.35 |
43.28 | 43.86 | 0.58 | V745645 | 20.80 |
43.86 | 44.48 | 0.62 | V745646 | 22.50 |
44.48 | 44.89 | 0.41 | V745647 | 0.55 |
44.89 | 45.72 | 0.83 | V745648 | 4.55 |
45.72 | 46.24 | 0.52 | V745649 | 3.65 |
46.24 | 46.64 | 0.40 | V745650 | 2.19 |
CL-20-03 | ||||
From(m) | To(m) | Interval(m) | Sample ID | Au ppm |
41.19 | 42.06 | 0.87 | V745769 | 1.29 |
42.06 | 42.53 | 0.47 | V745770 | 4.72 |
42.53 | 43.00 | 0.47 | V745771 | 23.6 |
43.00 | 43.46 | 0.46 | V745772 | 11.6 |
43.46 | 43.99 | 0.53 | V745773 | 3.35 |
43.99 | 44.35 | 0.36 | V745774 | 3.06 |
44.35 | 44.97 | 0.62 | V745775 | 1.72 |
44.97 | 45.44 | 0.47 | V745776 | 2.12 |
45.44 | 45.95 | 0.51 | V745777 | 4.99 |
45.95 | 46.48 | 0.53 | V745778 | 8.41 |
46.48 | 46.94 | 0.46 | V745779 | 23.3 |
46.94 | 47.44 | 0.50 | V745781 | 23.5 |
47.44 | 47.97 | 0.53 | V745782 | 5.45 |
47.97 | 48.57 | 0.60 | V745783 | 18.1 |
48.57 | 49.00 | 0.43 | V745784 | 16.9 |
49.00 | 49.65 | 0.65 | V745785 | 10.8 |
49.65 | 49.95 | 0.30 | V745786 | 5.13 |
49.95 | 50.45 | 0.50 | V745787 | 3.86 |
50.45 | 50.95 | 0.50 | V745788 | 0.086 |
50.95 | 51.45 | 0.50 | V745789 | 0.048 |
51.45 | 52.10 | 0.65 | V745790 | 0.64 |
52.10 | 52.60 | 0.50 | V745791 | 6.28 |
52.60 | 53.07 | 0.47 | V745792 | 1.82 |
53.07 | 53.55 | 0.48 | V745794 | 5.1 |
53.55 | 54.50 | 0.95 | V745795 | 1.83 |
54.50 | 54.84 | 0.34 | V745796 | 2.32 |
CL-20-05 | ||||
From(m) | To(m) | Interval(m) | Sample ID | Au ppm |
45.53 | 46.22 | 0.69 | Y030060 | 31.50 |
46.22 | 46.68 | 0.46 | Y030061 | 0.08 |
46.68 | 47.18 | 0.50 | Y030063 | 1.18 |
47.18 | 47.76 | 0.58 | Y030064 | 1.84 |
47.76 | 48.18 | 0.42 | Y030065 | 5.04 |
48.18 | 48.64 | 0.46 | Y030066 | 5.09 |
48.64 | 49.08 | 0.44 | Y030067 | 0.19 |
49.08 | 49.64 | 0.56 | Y030068 | 0.67 |
49.64 | 50.24 | 0.60 | Y030069 | 0.40 |
50.24 | 50.74 | 0.50 | Y030104 | 0.95 |
50.74 | 51.34 | 0.60 | Y030105 | 0.73 |
51.34 | 51.84 | 0.50 | Y030106 | 1.85 |
51.84 | 52.37 | 0.53 | Y030070 | 2.87 |
52.37 | 52.87 | 0.50 | Y030071 | 0.37 |
52.87 | 53.17 | 0.30 | Y030072 | 0.32 |
53.17 | 54.00 | 0.83 | Y030073 | 1.40 |
54.00 | 54.49 | 0.49 | Y030074 | 5.99 |
54.49 | 54.70 | 0.21 | Y030075 | 0.50 |
54.70 | 55.20 | 0.50 | Y030076 | 7.36 |
CL-20-06 | ||||
From (m) | To (m) | Interval(m) | Sample ID | Au ppm |
13.05 | 13.55 | 0.50 | Y031107 | 16.90 |
13.55 | 13.85 | 0.30 | Y031109 | 43.40 |
13.85 | 14.25 | 0.40 | Y031110 | 2.42 |
14.25 | 15.00 | 0.75 | Y031111 | 4.01 |
15.00 | 15.24 | 0.24 | Y031112 | 14.50 |
15.24 | 15.54 | 0.30 | Y031113 | 6.92 |
15.54 | 15.87 | 0.33 | Y031114 | 23.80 |
15.87 | 16.40 | 0.53 | Y031116 | 1.49 |
16.40 | 16.85 | 0.45 | Y031117 | 1.87 |
16.85 | 17.64 | 0.79 | Y031118 | 5.13 |
17.64 | 18.14 | 0.50 | Y031119 | 16.20 |
18.14 | 18.62 | 0.48 | Y031120 | 6.15 |
18.62 | 19.00 | 0.38 | Y031121 | 0.67 |
CL-20-07 | ||||
From(m) | To(m) | Interval(m) | Sample ID | Au ppm |
28.60 | 29.14 | 0.54 | Y031132 | 8.08 |
29.14 | 29.64 | 0.50 | Y031133 | 30.70 |
29.64 | 30.14 | 0.50 | Y031135 | 2.25 |
30.14 | 31.15 | 1.01 | Y031136 | 2.26 |
31.15 | 32.17 | 1.02 | Y031137 | 0.12 |
32.17 | 32.96 | 0.79 | Y031138 | 8.64 |
32.96 | 33.58 | 0.62 | Y031139 | 8.11 |
CL-20-08 | ||||
From(m) | To(m) | Interval(m) | Sample ID | Au ppm |
17.49 | 18.04 | 0.55 | Y031167 | 2.58 |
18.04 | 18.57 | 0.53 | Y031169 | 26.90 |
18.57 | 19.30 | 0.73 | Y031170 | 13.60 |
19.30 | 19.94 | 0.64 | Y031172 | 6.54 |
19.94 | 20.60 | 0.66 | Y031173 | 18.20 |
20.60 | 20.90 | 0.30 | Y031174 | 25.10 |
20.90 | 21.53 | 0.63 | Y031175 | 28.00 |
21.53 | 22.00 | 0.47 | Y031176 | 25.50 |
22.00 | 22.50 | 0.50 | Y031177 | 20.80 |
22.50 | 22.94 | 0.44 | Y031178 | 13.50 |
22.94 | 23.58 | 0.64 | Y031180 | 7.44 |
23.58 | 23.88 | 0.30 | Y031181 | 37.90 |
23.88 | 24.60 | 0.72 | Y031182 | 13.20 |
24.60 | 25.00 | 0.40 | Y031183 | 11.60 |
25.00 | 25.48 | 0.48 | Y031184 | 31.10 |
25.48 | 25.81 | 0.33 | Y031185 | 26.30 |
25.81 | 26.31 | 0.50 | Y031186 | 17.00 |
26.31 | 26.84 | 0.53 | Y031187 | 3.84 |
26.84 | 27.36 | 0.52 | Y031188 | 5.14 |
27.36 | 28.10 | 0.74 | Y031189 | 7.25 |
28.10 | 28.55 | 0.45 | Y031190 | 11.60 |
28.55 | 29.09 | 0.54 | Y031191 | 4.92 |
29.09 | 29.72 | 0.63 | Y031192 | 12.10 |
29.72 | 30.38 | 0.66 | Y031194 | 18.60 |
30.38 | 30.93 | 0.55 | Y031195 | 14.70 |
CL-20-08 (continued) | ||||
From(m) | To(m) | Interval(m) | Sample ID | Au ppm |
30.93 | 31.49 | 0.56 | Y031196 | 8.36 |
31.49 | 32.01 | 0.52 | Y031197 | 27.50 |
32.01 | 32.51 | 0.50 | Y031198 | 20.60 |
32.51 | 33.00 | 0.49 | Y031200 | 16.30 |
33.00 | 33.53 | 0.53 | Y031501 | 2.46 |
33.53 | 34.13 | 0.60 | Y031502 | 0.83 |
34.13 | 34.53 | 0.40 | Y031503 | 1.52 |
34.53 | 35.06 | 0.53 | Y031504 | 16.50 |
35.06 | 35.56 | 0.50 | Y031505 | 21.40 |
35.56 | 36.00 | 0.44 | Y031506 | 11.00 |
36.00 | 36.58 | 0.58 | Y031507 | 15.20 |
36.58 | 37.22 | 0.64 | Y031510 | 13.80 |
37.22 | 37.76 | 0.54 | Y031511 | 5.45 |
37.76 | 38.48 | 0.72 | Y031512 | 4.13 |
38.48 | 39.05 | 0.57 | Y031513 | 9.00 |
39.05 | 39.65 | 0.60 | Y031514 | 12.50 |
39.65 | 40.00 | 0.35 | Y031515 | 9.50 |
40.00 | 40.50 | 0.50 | Y031516 | 26.30 |
40.50 | 41.04 | 0.54 | Y031517 | 19.30 |
41.04 | 41.50 | 0.46 | Y031518 | 22.00 |
41.50 | 42.10 | 0.60 | Y031519 | 11.80 |
42.10 | 43.15 | 1.05 | Y031520 | 2.25 |
43.15 | 43.60 | 0.45 | Y031521 | 0.35 |
43.60 | 44.02 | 0.42 | Y031522 | 6.89 |
44.02 | 44.65 | 0.63 | Y031523 | 20.70 |
44.65 | 45.17 | 0.52 | Y031524 | 17.90 |
45.17 | 45.75 | 0.58 | Y031526 | 21.90 |
45.75 | 46.23 | 0.48 | Y031527 | 20.00 |
46.23 | 46.73 | 0.50 | Y031528 | 6.29 |
46.73 | 47.29 | 0.56 | Y031529 | 31.90 |
47.29 | 47.93 | 0.64 | Y031530 | 22.40 |
47.93 | 48.45 | 0.52 | Y031531 | 1.81 |
48.45 | 48.90 | 0.45 | Y031532 | 1.94 |
Technical Information
Drill core is cut with half sent to AGAT Laboratories Inc. (AGAT) for drying and crushing to -2 mm, with a 1.00 kg split pulverized to -75 µm (200#). AGAT is an ISO 17025 accredited laboratory. A 50 g charge is Fire Assayed and analyzed using an AAS finish for Gold. Samples above 10.00 g/t Au are analyzed by Fire Assay with a gravimetric finish and selected samples with visible gold or high-grade mineralization are assayed by Metallic Screen Fire Assay on a 1.00 kg sample.
True thicknesses of the intervals reported herein reported have not been calculated, therefore, all intervals are reported as drill core intervals and should be considered apparent thicknesses. All historic and 2020 program gold grade averages are reported at weighted averages.
Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and shareholder of Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101.
Rover Metals is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects.
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Website: https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Judson Culter
Email: judson@rovermetals.com
Phone: (604) 449-5347
- Published in Mining, Rover Metals