Cabin Lake is located 110 km northwest of Yellowknife and 60 km southeast of Fortune Minerals and close to the new Tlicho All Season Road. The property hosts high-grade gold in iron formation in archean metasedimentary. The Cabin Lake zone has a combined resource of 100,000t's grading 0.3 oz/ton Au at Cabin Lake and 43,000t's grading 4.46 g/t Au at Bugow (non NI 43-101 compliant).
Mineralization and History
The property hosts high-grade gold in iron formation within Archean metasedimentary rocks. Historic work by Cominco Ltd., Freeport McMoRan Gold Company, and Aber Resources Ltd. centred on a steeply east-plunging package of folded sulphidized iron formation containing pyrite, pyrrhotite, chalcopyrite and arsenopyrite. Three historic resources are reported on the property in the NWT Minerals Database (NORMIN 085OSW0001). On the south limb of the fold, Aber Resources Ltd. reported a resource of 100,000 tons at 0.3 ounces per ton gold in their annual report while on the north limb of the fold, Energy Mines and Resource Canada Mineral Bulletin MR223 records a mineral inventory of 43,900 tonnes at 4.39 grams per tonne gold in the Bugow Zone and 18,100 tonnes grading 7.89 grams per tonne gold in the Andrew North Zone. The reader is cautioned that these resources are historic in nature, do not comply with National Instrument 43-101 and have not been verified by Rover Metals. Sampling of the Bugow and Andrew North showings by Silver Range Resources Ltd. in 2016 returned check samples assaying up to 13.2 g/t Au with 5 of 15 samples collected returning assays greater than 5 g/t Au. Past exploration concentrated on the fold limbs and the inferred fold nose remains a highly prospective untested target based on data available in the public domain.
Work on the Cabin Lake project has been historically managed by Aurora Geosciences Ltd. of Yellowknife, NWT under the supervision of Gary Vivian, P.Geol. Samples were secured and shipped under chain of custody to ALS Minerals facilities in Yellowknife, NWT for sample preparation and to North Vancouver for assays and geochemical analyses. Samples were analyzed by Ultra-Trace Aqua Regia ICP-MS (ALS code ME-MS41) and fire assayed for gold (25 g sample) (ALS code Au-AA25).