Proven ProbableCategory: Rover Metals
Rover Metals is raising a $1.5MM NBPP for winter drilling at the Bonanza Gold Grade “Arrow Zone”, Cabin Gold Project, NT, Canada. The book is at $550K. First closing next week.
The ice drill pads out over Cabin Lake have been built, and are ready to go. The Arrow Zone is the same Zone that Rover drilled 32m of 13.6 g/t Au (11th best drill hole of 2020 – all Canadian miners). We are now doing follow up drilling, down dip, at a depth of below 60m (under the lake). The use of proceeds also includes Phase 1 Exploration at our new Tobin Gold Project, NV, USA.
Eligible investors can download the NEW investor presentation here.
VANCOUVER, British Columbia, Feb. 24, 2022 (GLOBE NEWSWIRE) — 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/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:
Email: info@rovermetals.com
Phone: +1 (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 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.
VANCOUVER, British Columbia, Feb. 14, 2022 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4XO) (“Rover” or the “Company”) is pleased to announce that Fundamental Research Corp. (“FRC”) has published their updated analyst report on Rover, dated January 2022. The report can be accessed here: https://www.researchfrc.com/company/rover-metals-corp/
FRC is one of the largest issuer-paid independent stock market research firms in the world, with a 17-year track record of covering 550+ companies. As of December 14, 2020, FRC’s top picks were up 55.6% on average since the initiation of coverage.
Judson Culter, CEO at Rover Metals, states “Rover Metals operates in a prolific mining jurisdiction in the southern Northwest Territories (“NT”). Three weeks ago, our neighbour, Fortune Minerals, announced its intent to acquire a refinery location north of Edmonton, AB. The infrastructure needed to bring the NT’s next gold mine into production, looks to soon be in place. The proposed location for Fortune’s NICO processing facility is located 40km northwest of Rover’s Cabin Gold Project, along the recently constructed Tlicho All Season Road (“TASR”). TASR opened to the public in November 2021. Rover plans to send samples of its drill core, from its Cabin Gold Project, to the lab for metallurgic testing in H1 of this year. The goal of the testing will be to determine the recovery flotation rates for the ore at Cabin. The next step, after receiving the metallurgical results, would be to work with Fortune to determine the possible economics of a processing agreement.
Winter Phase 3 Exploration, at our Cabin Gold Project, is expected to commence soon. The Company will be issuing an updating release in the coming days.”
Advisory Agreements
The Company has issued 218,840 common shares, for the settlement of $12,500 in trade payables, for consulting services provided in Q4-2021, pursuant to pre-approved shares for services agreements. The services were provided by two advisors to the Company. Only one of these shares for services agreements will continue into 2022. The shares bear the minimum four-month regulatory hold period from the date of issuance.
Investor Relations
The Company has renewed its agreement with Momentum Public Relations Inc. (“Momentum PR”) for investor relations services for another six months through to July 31, 2022. Pursuant to the renewal agreement, Momentum PR will be granted 600,000 incentive stock options, pursuant to the Company’s shareholder approved Stock Option Plan. The incentive stock options have been granted in three tranches as follows: 200,000 options with an exercise price of $0.06, 200,000 options with an exercise price of $0.075, and 200,000 options with an exercise price of $0.09.
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. 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/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:
Email: info@rovermetals.com
Phone: +1 (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 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.
Fundamental Research has just issued their updated Analyst Report based on the Phase 2 Exploration Results at Rover’s Cabin Gold project. For a copy of the report click here.
Map of IP Survey at Cabin Gold Project
Map of IP Survey at Cabin Gold Project
VANCOUVER, British Columbia, Jan. 25, 2022 (GLOBE NEWSWIRE) — 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/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:
Email: info@rovermetals.com
Phone: +1 (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 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.
Andrew South – Drill Plan View
Andrew South – Drill Plan View
Andrew North – Drill Plan View
Andrew North – Drill Plan View
VANCOUVER, British Columbia, Jan. 13, 2022 (GLOBE NEWSWIRE) — 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. The focus of the Phase 2 Exploration Program was to discover and delineate new gold mineralized zones along the Bugow Iron Formation, the controlling structure for gold at the Cabin Gold Project. The Company is pleased to announce that its exploration program has been able to confirm and expand the historic gold grades at the Andrew South, Andrew Middle, and Andrew North Targets. The expansion includes an increase to the historical average gold grades reported across all of these historic targets. Rover has grouped the north, middle and south bounds of Andrew into a new single Andrew Zone, which extends 800 meters from south to north at surface. The map of the Bugow Iron Formation on the Company’s website has been updated to show the location of the new Andrew Zone. The south end of the Andrew Zone is situated roughly 500 meters northeast of the Beaver Zone. The Beaver Zone was featured in the Company’s December 7, 2021, release. The Company has now reported on the discovery of three medium-to-high grade mineralized gold zones at Cabin: the Arrow, Beaver, and Andrew Zones, all open at depth, and along strike.
Andrew Zone Expansion
Andrew South
The Company is reporting multiple near-surface medium-to-high grade gold at the newly defined Andrew Zone which extends 800 meters from south to north along the Bugow Iron Formation. Highlights of Phase 2 drilling at Andrew South include: new drill hole CL-21-21 which reported 2.9m of 5.09 g/t Au (from 70.65m to 76.8m), including 2.2m of 6.42 g/t Au and deeper in hole CL-21-21, reporting 4.7m of 3.38 g/t Au (from 88.80m to 94.00m). As of the date of this release, the Company has sent in additional samples for assaying from hole CL-21-21, as the gold mineralization is recognized to extend past the sulfide intervals of the drill core, which is a first for the project. The new assays, once received, will be part of a future updating release, and could extend the reported high-grade gold intervals at the southern part of Andrew. Additional highlights at Andrew include: new hole CL-21-24 which reported 3.9m of 2.91 g/t Au (from 51.00m to 55.12m); new hole CL-21-19 which reported 3.1m of 2.57 g/t Au (from 62.2m to 65.3m) and deeper in hole CL-21-19 reporting 1m of 2.06 g/t Au (from 93.3m to 94.3m); new hole CL-21-20 which reported 0.4m of 6.11 g/t Au (from 90.8m to 91.2m); and new hole CL-21-25 which reported 2.3m of 2.61 g/t Au (from 68.0m to 70.5m). As noted below, in the drill result tables, there are multiple well mineralized drill intercepts at the south part of the Andrew Zone that are reported in additional new holes (see CL-21-22, CL-21-22, CL-21-23 in the tables below). As of the date of this release, the Company has also sent additional samples from hole CL-21-25 to the lab for assaying.
Andrew North
Highlights from drilling at the northern part of the Andrew Zone include new hole CL-21-27 which reported 4.3m of 4.14 g/t Au (from 17.8m to 22.8m); new hole CL-21-29 which reported 3.0m of 3.2 g/t Au (from 37.6m to 40.8m) and multiple additional medium-to-high grade gold intercepts at deeper depth from this same hole, as reported in the drill result tables below. As of the date of this release, the Company has sent additional samples to the lab from hole CL-21-29. Additional highlights include new hole CL-21-28 which reported 3.2m of 1.19 g/t Au (from 38.8m to 42.8m).
The results, both confirm and expand upon, 1980s historical drilling at Andrew, and have returned higher grades than historical results. The historical drill holes and new holes from Andrew South and Andrew North can be referenced in the drill plan views below. A table of significant Andrew Zone drill assay results, greater than 0.5 g/t Au, listed by hole and interval, can be found near the end of this release. For purposes of the calculations of the highlighted intervals in this release, Rover considers results above 0.50 g/t Au to be of significance.
Drill Plan View – Andrew Zone (South)
CL-21-19/20 Cross Sections
CL-21-21/22 Cross Sections
CL-21-23/24/25 Cross Sections
Drill Plan View – Andrew Zone (North)
CL-21-26 Cross Section
CL-21-27/28 Cross Sections
CL-21-29 Cross Section
The Company’s working hypothesis is that the near surface Andrew Zone extends 800 meters, from south to north. There was significant drilling along the middle of the Andrew Zone in the 1940s. Unfortunately, none of the historical drill records have survived. The Company tested its hypothesis during its Phase 2 Exploration Program, by drilling two drill holes in the centre of the Andrew Zone. As of the date of this release, the Company has sent additional samples from both hole CL-21-30 and CL-21-31 to the lab for assaying as the gold mineralization is recognized to extend past the sulphide intervals in the drill core. The results from Andrew middle will form part of an updating release.
Judson Culter, CEO at Rover Metals, states “We are very pleased to have made the discovery of a third significant zone at the Cabin Gold project. In total, there is over 1,000 meters of surface strike length, that is open along strike (Beaver) and at depth (Arrow, Beaver and Andrew), across all defined zones on the project (Arrow, Beaver and Andrew). We expect the 2022 Phase 3 Exploration Program at the Cabin Gold project to focus on the highest grade gold areas of these zones.”
Tables of Significant Drill Results
| Hole | Easting | Northing | Elev | Total Depth | Dip | Azimuth | Zone |
| CL-21-19 | 559,189.00 | 7,006,213.00 | 181.7 | 100 | -45 | 230 | Andrew South |
| CL-21-20 | 559,189.00 | 7,006,213.00 | 181.7 | 152 | -60 | 230 | Andrew South |
| CL-21-21 | 559,189.00 | 7,006,213.00 | 181.7 | 130 | -45 | 190 | Andrew South |
| CL-21-22 | 559,170.00 | 7,006,165.00 | 181.7 | 104 | -45 | 190 | Andrew South |
| CL-21-23 | 559,170.00 | 7,006,165.00 | 181.7 | 53 | -45 | 230 | Andrew South |
| CL-21-24 | 559,170.00 | 7,006,165.00 | 181.7 | 59 | -65 | 230 | Andrew South |
| CL-21-25 | 559,202.00 | 7,006,198.00 | 181.5 | 101 | -45 | 220 | Andrew South |
| CL-21-26 | 558,606.00 | 7,006,655.00 | 188.8 | 47 | -45 | 85 | Andrew North |
| CL-21-29 | 558,606.00 | 7,006,655.00 | 188.8 | 50 | -50 | 10 | Andrew North |
| CL-21-27 | 558,606.00 | 7,006,655.00 | 188.8 | 34 | -45 | 55 | Andrew North |
| CL-21-28 | 558,606.00 | 7,006,655.00 | 188.8 | 47 | -60 | 55 | Andrew North |
| CL-21-30 | 558,999.00 | 7,006,228.00 | 185.5 | 47 | -45 | 220 | Andrew Middle |
| CL-21-31 | 558,999.00 | 7,006,228.00 | 185.5 | 26 | -45 | 260 | Andrew Middle |
| Hole | Sample ID | From | To | Interval | Au g/t | Zone |
| CL-21-19 | V748041 | 62.20 | 62.76 | 0.56 | 6.24 | Andrew South |
| CL-21-19 | V748042 | 62.76 | 63.00 | 0.24 | 1.1 | Andrew South |
| CL-21-19 | V748043 | 63.00 | 63.29 | 0.29 | 0.88 | Andrew South |
| CL-21-19 | V748044 | 63.29 | 63.59 | 0.3 | 1.96 | Andrew South |
| CL-21-19 | V748045 | 63.59 | 64.00 | 0.41 | 4.19 | Andrew South |
| CL-21-19 | V748046 | 64.00 | 64.35 | 0.35 | 2.73 | Andrew South |
| CL-21-19 | V748047 | 64.35 | 64.68 | 0.33 | 0.37 | Andrew South |
| CL-21-19 | V748048 | 64.68 | 64.98 | 0.3 | 0.94 | Andrew South |
| CL-21-19 | V748049 | 64.98 | 65.32 | 0.34 | 1.02 | Andrew South |
| CL-21-19 | V748058 | 93.32 | 93.64 | 0.32 | 0.71 | Andrew South |
| CL-21-19 | V748059 | 93.64 | 94.00 | 0.36 | 3.67 | Andrew South |
| CL-21-19 | V748060 | 94.00 | 94.3 | 0.30 | 1.56 | Andrew South |
| Hole | Sample ID | From | To | Interval | Au g/t | Zone |
| CL-21-20 | V748067 | 90.86 | 91.26 | 0.4 | 6.11 | Andrew South |
| Hole | Sample ID | From | To | Interval | Au g/t | Zone |
| CL-21-21 | V748071 | 70.65 | 70.98 | 0.33 | 0.76 | Andrew South |
| CL-21-21 | V748072 | 70.98 | 71.3 | 0.32 | 0.35 | Andrew South |
| CL-21-21 | V748073 | 71.3 | 71.61 | 0.31 | 6.98 | Andrew South |
| CL-21-21 | V748074 | 71.61 | 72.03 | 0.42 | 3.89 | Andrew South |
| CL-21-21 | V748075 | 75.31 | 75.61 | 0.30 | 17.6 | Andrew South |
| CL-21-21 | V748076 | 75.61 | 76.00 | 0.39 | 10.4 | Andrew South |
| CL-21-21 | V748077 | 76.00 | 76.42 | 0.42 | 2.23 | Andrew South |
| CL-21-21 | V748078 | 76.42 | 76.8 | 0.38 | 0.48 | Andrew South |
| CL-21-21 | V748087 | 92.23 | 92.93 | 0.70 | 2.78 | Andrew South |
| CL-21-21 | V748088 | 92.93 | 93.33 | 0.40 | 1.77 | Andrew South |
| CL-21-21 | V748089 | 93.33 | 94.00 | 0.67 | 2.67 | Andrew South |
| Hole | Sample ID | From | To | Interval | Au g/t | Zone |
| CL-21-22 | V748090 | 42.4 | 42.88 | 0.48 | 0.84 | Andrew South |
| CL-21-22 | V748091 | 42.88 | 43.18 | 0.3 | 0.39 | Andrew South |
| CL-21-22 | V748092 | 43.18 | 43.61 | 0.43 | 1.16 | Andrew South |
| CL-21-22 | V748093 | 43.61 | 44.10 | 0.49 | 1.43 | Andrew South |
| CL-21-22 | V748094 | 44.10 | 44.40 | 0.30 | 0.95 | Andrew South |
| CL-21-22 | V748095 | 44.40 | 44.67 | 0.27 | 1.8 | Andrew South |
| CL-21-22 | V748096 | 44.67 | 45.01 | 0.34 | 0.57 | Andrew South |
| CL-21-22 | V748097 | 45.01 | 45.36 | 0.35 | 1.94 | Andrew South |
| CL-21-22 | V748098 | 45.36 | 45.71 | 0.35 | 0.43 | Andrew South |
| Hole | Sample ID | From | To | Interval | Au g/t | Zone |
| CL-21-23 | V748117 | 41.98 | 42.44 | 0.46 | 0.89 | Andrew South |
| CL-21-23 | V748118 | 42.44 | 42.75 | 0.31 | 0.52 | Andrew South |
| CL-21-23 | V748119 | 42.75 | 43.15 | 0.40 | 0.80 | Andrew South |
| CL-21-23 | V748120 | 43.15 | 43.90 | 0.75 | 1.05 | Andrew South |
| CL-21-23 | V748121 | 43.90 | 44.30 | 0.40 | 1.88 | Andrew South |
| CL-21-23 | V748123 | 44.30 | 44.62 | 0.32 | 0.52 | Andrew South |
| Hole | Sample ID | From | To | Interval | Au g/t | Zone |
| 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 | V748126 | 63.95 | 64.25 | 0.30 | 0.73 | 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 | 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 | V748132 | 68 | 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-21-26 | V748185 | 28.0 | 28.8 | 0.80 | 1.85 | Andrew North |
| CL-21-26 | V748186 | 28.8 | 29.47 | 0.67 | 0.52 | Andrew North |
| Hole | Sample ID | From | To | Interval | Au g/t | Zone |
| CL-21-27 | V748139 | 17.83 | 18.20 | 0.37 | 0.57 | Andrew North |
| CL-21-27 | V748140 | 18.2 | 18.52 | 0.32 | 6.32 | Andrew North |
| CL-21-27 | V748141 | 18.52 | 18.83 | 0.31 | 2.44 | Andrew North |
| CL-21-27 | V748142 | 18.83 | 19.11 | 0.28 | 9.2 | Andrew North |
| CL-21-27 | V748143 | 19.11 | 19.47 | 0.36 | 4.1 | Andrew North |
| CL-21-27 | V748144 | 19.47 | 19.79 | 0.32 | 1.64 | Andrew North |
| CL-21-27 | V748145 | 20.00 | 20.33 | 0.33 | 1.06 | Andrew North |
| CL-21-27 | V748146 | 20.33 | 20.75 | 0.42 | 14.65 | Andrew North |
| CL-21-27 | V748147 | 20.75 | 21.03 | 0.28 | 1.81 | Andrew North |
| CL-21-27 | V748148 | 21.25 | 21.61 | 0.36 | 0.78 | Andrew North |
| CL-21-27 | V748149 | 21.92 | 22.40 | 0.48 | 3.48 | Andrew North |
| CL-21-27 | V748150 | 22.40 | 22.84 | 0.44 | 2.64 | Andrew North |
| Hole | Sample ID | From | To | Interval | Au g/t | Zone |
| CL-21-28 | V748176 | 38.81 | 39.25 | 0.44 | 0.93 | Andrew North |
| CL-21-28 | V748177 | 39.25 | 39.82 | 0.57 | 0.27 | Andrew North |
| CL-21-28 | V748178 | 40.60 | 41.00 | 0.40 | 2.97 | Andrew North |
| CL-21-28 | V748179 | 41.00 | 41.59 | 0.59 | 1.05 | Andrew North |
| CL-21-28 | V748180 | 41.59 | 41.97 | 0.38 | 0.31 | Andrew North |
| CL-21-28 | V748181 | 41.97 | 42.36 | 0.39 | 2.63 | Andrew North |
| CL-21-28 | V748182 | 42.36 | 42.79 | 0.43 | 0.71 | Andrew North |
| 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 | 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 | V748162 | 41.70 | 42.01 | 0.31 | 1.48 | Andrew North |
| CL-21-29 | V748165 | 42.97 | 43.37 | 0.40 | 0.92 | Andrew North |
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.
Stock Option Grant to Advisor
The Company has made a stock option grant of 350,000 stock options to Robert Schafer, an advisor to the Company. The stock options have an exercise price of $0.06, vest monthly over 12 months, and have a four-year useful life. Mr. Schafer has nearly 40 years of experience in the mineral industry, working in the international sector with both major and junior mining companies. He is founder and Managing Director of Eagle Mines Management, a globally active private natural resources corporation. He has held executive and senior management positions with Hunter Dickinson Inc., Kinross Gold Corp., and BHP Minerals over the past 20 years. Throughout his career Mr. Schafer has worked internationally, with notable experience in the far east of Russia, Southern Africa, South America and Australia.
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 the summer of 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/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:
Email: info@rovermetals.com
Phone: +1 (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 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.
VANCOUVER, British Columbia, Dec. 14, 2021 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (“Rover” or the “Company”) is pleased to announce that it has received a $100,000 exploration grant for its Cabin Gold Project, NT, Canada from the Government of the Northwest Territories’ Mining Incentive Program (“MIP”). MIP received additional 2021 funding from the Canadian Northern Economic Development Agency (CanNor) under its mandate to ensure that mineral resource exploration and development continues to flourish in the north.
About the Cabin Gold Project
In September 2020, Rover kicked-off its first exploration drilling program at the historic Cabin Gold Project. The exploration program included both confirmation and expansion drilling of historical high grade gold drill intercepts in the “Arrow Zone” area of the historic Bugow Iron Formation. The Bugow Iron Formation is the controlling structure for the gold mineralization on the property and is over 15 km in length. On November 24, 2020, the Company reported an intersection of 32 meters of continuous gold averaging 13.6 grams per ton Au from the Arrow Zone. Rover’s 2020 expansion drilling included the discovery of what it believes to be a primary gold bearing ore shoot at the Arrow Zone. The Arrow Zone remains open at depth, underneath Cabin Lake, and is only accessible for expansion drilling in the winter months. Rover’s 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 Arrow Zone, towards a NI 43-101 compliant mineral resource estimate. The Arrow Zone will see expansion drilling commencing in Q1-2022.
In July 2021, Rover commenced a Phase 2 Exploration Program at the Cabin Gold Project. The goal of the Phase 2 Exploration Program was the discovery and definition of new, near surface, gold bearing zones along the Bugow Iron Formation. As released on December 6, 2021, the Company has delineated a second medium-to-high grade zone at the Beaver Zone, highlights which 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. The Beaver Zone will see expansion drilling commencing in Q1-2022.
(*) 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 the mineral inventory 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.
Judson Culter, CEO at Rover Metals, states “adding $100,000 to our working capital sets us up for success in Q1-2022 as we focus on expansion drilling at the highest-grade gold zones on the Cabin Gold Project. Receiving tailwinds like these from government really make us feel excited about the future of this 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.
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 the summer of 2021, and Phase 2 Exploration work continues at Cabin Gold through to the date of this release.
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:
Email: info@rovermetals.com
Phone: +1 (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 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.one
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