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Junior Mining Precious Metals Rover Metals

ROVER METALS PROVIDES AN INFRASTRUCTURE UPDATE FOR ITS NORTHERN CANADA GOLD PROJECTS

Rover Metals Corp.
Rover Metals Corp.

VANCOUVER, British Columbia, May 31, 2022 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to provide an infrastructure update for its Cabin Gold Project and its Up Town Gold Project, located at the 60th parallel of the Northwest Territories of Canada.

NWT Infrastructure Initiatives
The Government of Canada has moved one step closer to funding the expansion of the Taltson Hydro dam into the city of Yellowknife, NWT. In a recent interview with the CBC, the federal infrastructure minister provides an update on the project. One of the many benefits of bringing additional green power into the city of Yellowknife includes a more cost-effective source of power for the future mines being developed near the city. Green energy is also amongst the ESG initiatives that major gold producers are looking for when it comes to taking an interest in development-stage gold projects.

The expansion of the Taltson Hydro dam into the city of Yellowknife also has the potential to free up hydro at both the Strutt and Snare hydro facilities which are located close to Rover’s Cabin Gold, Slemon Gold, and Camp Gold Projects.

Mineral resource exploration, and the development of mines in the Northwest Territories, remains a priority of all levels of government (not just at the federal level). In 2021, Rover received two exploration grants from the territorial government to assist with advancing exploration at its Cabin Gold Project. Also in 2021, the federally funded Tlicho All Season Road (“TASR”) opened to the public. TASR connects the cities of Yellowknife and Hay River, via Highway NT3, to Rover’s Cabin Gold Project, Fortune Minerals’ NICO Project, and Nighthawk Gold’s Indin Lake Gold Project.

Collaboration between the government and the mining industry will continue to grow economic prospects for Northern Canada and will work towards the reinforcement of Canada’s northern sovereignty. As much of the world begins to look for more ethically sourced natural resources, companies like Rover Metals are investing heavily into exploration to build the mines of the future.https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1577000%2522%252C%2522hashtag%2522%253A%25221542500%253B1577000%2522%252C%2522wiki_topics%2522%253A%2522Canada%253BProvinces_and_territories_of_Canada%253BGovernment_of_Canada%253BNorthwest_Territories%253BGold%253BYellowknife%253BCompany%253BVancouver%253BExploration%2522%252C%2522lmsid%2522%253A%2522a0770000002m0AbAAI%2522%252C%2522revsp%2522%253A%2522globenewswire.com%2522%252C%2522lpstaid%2522%253A%25225be403c1-59e4-385c-9bc8-6c6aa5f27790%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

Q1-2022 Financial Package
Rover is pleased to report that it has SEDAR filed its March 31, 2022 Financial Statements and Management Discussion and Analysis (“MD&A”). The MD&A includes management’s milestone for the first three months of the year.

Grant of Stock Options
The Company has granted 500,000 incentive stock options to a new consultant of the Company. The options have a five-year life, and an exercise price of $0.06 per share. The options have been granted from the Company’s 10% rolling stock option plan, approved by its shareholders at its August 2021 Annual General Meeting.

About Rover Metals
Rover is a precious metals exploration company specialized in North American (Canada and U.S.) precious metal resources, which is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel), and north-central Nevada, USA. The Company owns five gold projects. Phase 3 Exploration at its Cabin Gold Project, 60th Parallel, NT, Canada, commenced in March 2022 and continues through to the date of this release. Phase 1 Exploration at its Tobin Gold Project commenced in May 2022 and continues through to the date of this release. Lastly, the Company, is also awaiting news from the Phase 2 Exploration Program at its Up Town Gold Project, in the Northwest Territories of Canada (60th parallel).

You can follow Rover on its social media channels: 
Twitter: https://twitter.com/rovermetals 
LinkedIn: https://www.linkedin.com/company/rover-metals/ 
Facebook: https://www.facebook.com/RoverMetals/
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=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.

Categories
Junior Mining Precious Metals Rover Metals

Rover Metals Announces Infill And Delineation of the New Andrew Zone at Cabin Gold, NT, Canada

Andrew South – Drill Plan View

Andrew South - Drill Plan View
Andrew South – Drill Plan View
Andrew South – Drill Plan View

Andrew North – Drill Plan View

Andrew North - 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)

https://www.globenewswire.com/NewsRoom/AttachmentNg/5471528e-1877-4826-a79f-6bcb67ff9103

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)

https://www.globenewswire.com/NewsRoom/AttachmentNg/89c4e560-a35e-4444-9045-a3dbe0be5329

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

HoleEastingNorthingElevTotal DepthDipAzimuthZone
CL-21-19559,189.007,006,213.00181.7100-45230Andrew South
CL-21-20559,189.007,006,213.00181.7152-60230Andrew South
CL-21-21559,189.007,006,213.00181.7130-45190Andrew South
CL-21-22559,170.007,006,165.00181.7104-45190Andrew South
CL-21-23559,170.007,006,165.00181.753-45230Andrew South
CL-21-24559,170.007,006,165.00181.759-65230Andrew South
CL-21-25559,202.007,006,198.00181.5101-45220Andrew South
CL-21-26558,606.007,006,655.00188.847-4585Andrew North
CL-21-29558,606.007,006,655.00188.850-5010Andrew North
CL-21-27558,606.007,006,655.00188.834-4555Andrew North
CL-21-28558,606.007,006,655.00188.847-6055Andrew North
CL-21-30558,999.007,006,228.00185.547-45220Andrew Middle
CL-21-31558,999.007,006,228.00185.526-45260Andrew Middle
HoleSample IDFromToIntervalAu g/tZone
CL-21-19V74804162.2062.760.566.24Andrew South
CL-21-19V74804262.7663.000.241.1Andrew South
CL-21-19V74804363.0063.290.290.88Andrew South
CL-21-19V74804463.2963.590.31.96Andrew South
CL-21-19V74804563.5964.000.414.19Andrew South
CL-21-19V74804664.0064.350.352.73Andrew South
CL-21-19V74804764.3564.680.330.37Andrew South
CL-21-19V74804864.6864.980.30.94Andrew South
CL-21-19V74804964.9865.320.341.02Andrew South
CL-21-19V74805893.3293.640.320.71Andrew South
CL-21-19V74805993.6494.000.363.67Andrew South
CL-21-19V74806094.0094.30.301.56Andrew South
HoleSample IDFromToIntervalAu g/tZone
CL-21-20V74806790.8691.260.46.11Andrew South
HoleSample IDFromToIntervalAu g/tZone
CL-21-21V74807170.6570.980.330.76Andrew South
CL-21-21V74807270.9871.30.320.35Andrew South
CL-21-21V74807371.371.610.316.98Andrew South
CL-21-21V74807471.6172.030.423.89Andrew South
CL-21-21V74807575.3175.610.3017.6Andrew South
CL-21-21V74807675.6176.000.3910.4Andrew South
CL-21-21V74807776.0076.420.422.23Andrew South
CL-21-21V74807876.4276.80.380.48Andrew South
CL-21-21V74808792.2392.930.702.78Andrew South
CL-21-21V74808892.9393.330.401.77Andrew South
CL-21-21V74808993.3394.000.672.67Andrew South
HoleSample IDFromToIntervalAu g/tZone
CL-21-22V74809042.442.880.480.84Andrew South
CL-21-22V74809142.8843.180.30.39Andrew South
CL-21-22V74809243.1843.610.431.16Andrew South
CL-21-22V74809343.6144.100.491.43Andrew South
CL-21-22V74809444.1044.400.300.95Andrew South
CL-21-22V74809544.4044.670.271.8Andrew South
CL-21-22V74809644.6745.010.340.57Andrew South
CL-21-22V74809745.0145.360.351.94Andrew South
CL-21-22V74809845.3645.710.350.43Andrew South
HoleSample IDFromToIntervalAu g/tZone
CL-21-23V74811741.9842.440.460.89Andrew South
CL-21-23V74811842.4442.750.310.52Andrew South
CL-21-23V74811942.7543.150.400.80Andrew South
CL-21-23V74812043.1543.900.751.05Andrew South
CL-21-23V74812143.9044.300.401.88Andrew South
CL-21-23V74812344.3044.620.320.52Andrew South
HoleSample IDFromToIntervalAu g/tZone
CL-21-24V74810251.0051.500.502.77Andrew South
CL-21-24V74810351.5052.010.510.15Andrew South
CL-21-24V74810452.0152.760.751.57Andrew South
CL-21-24V74810552.7653.100.343.63Andrew South
CL-21-24V74810653.1053.410.315.16Andrew South
CL-21-24V74810753.4153.800.391.79Andrew South
CL-21-24V74810853.8054.200.403.57Andrew South
CL-21-24V74810954.4554.770.326.11Andrew South
CL-21-24V74811054.7755.120.354.93Andrew South
HoleSample IDFromToIntervalAu g/tZone
CL-21-25V74812553.0053.450.451.64Andrew South
CL-21-25V74812663.9564.250.300.73Andrew South
CL-21-25V74812765.4265.880.461.72Andrew South
CL-21-25V74812865.8866.180.300.22Andrew South
CL-21-25V74812966.1866.580.402.16Andrew South
CL-21-25V74813067.0967.390.304.01Andrew South
CL-21-25V74813167.3967.760.370.41Andrew South
CL-21-25V7481326868.350.350.50Andrew South
CL-21-25V74813368.3568.680.330.64Andrew South
CL-21-25V74813468.6868.980.301.59Andrew South
CL-21-25V74813568.9869.680.704.27Andrew South
CL-21-25V74813669.8270.120.301.07Andrew South
CL-21-25V74813770.1270.460.345.55Andrew South
HoleSample IDFromToIntervalAu g/tZone
CL-21-26V74818528.028.80.801.85Andrew North
CL-21-26V74818628.829.470.670.52Andrew North
HoleSample IDFromToIntervalAu g/tZone
CL-21-27V74813917.8318.200.370.57Andrew North
CL-21-27V74814018.218.520.326.32Andrew North
CL-21-27V74814118.5218.830.312.44Andrew North
CL-21-27V74814218.8319.110.289.2Andrew North
CL-21-27V74814319.1119.470.364.1Andrew North
CL-21-27V74814419.4719.790.321.64Andrew North
CL-21-27V74814520.0020.330.331.06Andrew North
CL-21-27V74814620.3320.750.4214.65Andrew North
CL-21-27V74814720.7521.030.281.81Andrew North
CL-21-27V74814821.2521.610.360.78Andrew North
CL-21-27V74814921.9222.400.483.48Andrew North
CL-21-27V74815022.4022.840.442.64Andrew North
HoleSample IDFromToIntervalAu g/tZone
CL-21-28V74817638.8139.250.440.93Andrew North
CL-21-28V74817739.2539.820.570.27Andrew North
CL-21-28V74817840.6041.000.402.97Andrew North
CL-21-28V74817941.0041.590.591.05Andrew North
CL-21-28V74818041.5941.970.380.31Andrew North
CL-21-28V74818141.9742.360.392.63Andrew North
CL-21-28V74818242.3642.790.430.71Andrew North
HoleSample IDFromToIntervalAu g/tZone
CL-21-29V74815337.6038.000.402.72Andrew North
CL-21-29V74815438.0038.400.404.75Andrew North
CL-21-29V74815538.438.700.301.18Andrew North
CL-21-29V74815638.7039.100.404.83Andrew North
CL-21-29V74815839.3739.710.341.31Andrew North
CL-21-29V74815939.7140.090.385.61Andrew North
CL-21-29V74816040.0940.390.304.43Andrew North
CL-21-29V74816140.3940.820.430.60Andrew North
CL-21-29V74816241.7042.010.311.48Andrew North
CL-21-29V74816542.9743.370.400.92Andrew 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.