Rover Metals Corp. (TSXV: ROVR) ("Rover Metals" or the "Company") is pleased to announce on August 9, 2018 it completed its acquisition of the historic Cabin Lake property (the “Cabin Lake Property”) from Silver Range Resources (TSXV: SNG). Pursuant to the acquisition, Silver Range Resources has retained a 2% net smelter royalty, buyable down to 0.5%. Historically, the Cabin Lake project was incubated, and explored by Grenville Thomas through his legacy company, Aber Resources, in the late 1980’s. Rover Metals acquired over 10,000 meters of historical exploration data from North Arrow Minerals (TSXV: NAR) in March of this year. The Cabin Lake property is located 110 kilometres northwest of Yellowknife and 38 kilometres north of Behchoko in the Tlicho Traditional Territory, central Northwest Territories. 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 0.30 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. Rover Metals also owns 100% interests in both the Slemon Lake and Camp Lake projects which are located approximately 10 km and 20 km away, respectively, from the Cabin Lake Property.
Technical information in this news release has been approved by Mike Power, M.Sc., P.Geo., President and CEO of Silver Range Resources Ltd. and a Qualified Person for the purposes of National Instrument 43-101.
Rover Metals' CEO, Judson Culter, is interviewed by the Toronto Venture Exchange.
Rover Metals Corp. (TSX.V: ROVR - the "Company" or "Rover Metals"), is pleased to announce that it has received a five-year land use permit (the “Land Use Permit”) from the Wek’eezhii Land and Water Board and the Mackenzie Valley Land and Water Board. The Land Use Permit includes the historic Cabin Lake project, the historic Slemon Lake project, and the historic Camp Lake project, collectively, the "Cabin Lake Group of Properties.” The Cabin Lake Group of Properties are located approximately 110 km northwest of Yellowknife, in the Northwest Territories.
Palisade Radio interviews Rover Metals advisor Stuart "Tookie" Angus.
Rover Metals Corp. (TSX.V: ROVR - the "Company" or "Rover"), is pleased to announce it has obtained a public listing for its securities on the TSX Venture Exchange. As a result, the Company will be listed as a Tier 2 Mining Issuer on the exchange. In conjunction with the listing, Rover raised CAD$1,520,553 through a non-brokered private placement financing. Trading in the shares of the Rover is expected to commence under the symbol “ROVR” following the issuance of the exchange’s final bulletin on or about June 29, 2018.
Rover Metals is pleased to announce that it has received Conditional Acceptance from the TSXV for the listing of its shares. The Special Meeting materials in connection with the listing have now been mailed out to shareholders.
Rover Metals is pleased to announce that it has acquired historical exploration data, for an 840 square kilometer area at Cabin Lake and surrounding area, from North Arrow Minerals Inc (TSXV:NAR). The historical exploration data includes approximately 10,000 meters of diamond drilling, and geophysics.
Rover Metals is pleased to announce that it has entered into an amalgamation agreement (the "Agreement") with a TSXV Capital Pool Company that trades under the symbol "RLS". The terms of the Agreement are such that a minimum of CAD$1,137,500 will be raised under Rover's current private placement financing to close the transaction.
Rover Metals is pleased to announce a non-brokered private placement financing, the "$0.125 Unit Financing". Proceeds of the $0.125 Unit Financing will be used to further exploration work at Up Town Gold and to start exploration work at Cabin Lake. The $0.125 Unit Financing is priced at CAD$0.125 per unit (the "Units") and CAD$0.140 per Canadian Tax flow-through unit (the "Flow-through Units"). Each Unit is comprised of one common share and one common share purchase warrant (priced at CAD$0.25 in year one and CAD$0.50 in year two). Each Flow-through Unit is comprised of one flow-through common share and one common share purchase warrant (priced at CAD$0.28 in year one and CAD$0.56 in year two).
Rover Metals is pleased to announce that it has entered into a letter of intent to acquire the Cabin Lake property. 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).
Rover Metals is pleased to announce that Keith Minty, a current Director of the Company, has been appointed to the Management Team as President.
Rover Metals Summer 2017 Drill Results intersect high-grade gold veins at the Up Town Gold Property. The diamond drilling program confirmed previous known mineralized zones and has expanded these mineralized zones along strike and to depth. Gold assay highlights from the Rod Zone include 3.3 meters averaging 3.73 g/t Au (including 0.3 meters of 35.00 g/t Au) where drilling intersected Archean lode veins. Highlights from the Fox South Zone include 7.1 meters averaging 0.62 g/t Au (including 0.3 meters of 5.12 g/t Au) where drilling intersected a number of shear zones. For a complete summary of the Summer 2017 drill results click here.
Rover Metals is pleased to announce that it has raised CAD$1,000,000 under its $0.10 Unit Financing, consisting of three tranches through September 29, 2017.
Rover Metals is pleased to announce that NQ diamond drilling at the Up Town Gold Property commenced today on schedule.
Rover Metals has signed a letter of intent for a Reverse Take-over Transaction ("RTO") of a private BC Corporation with greater than 150 shareholders. Rover Metals will be seeking a direct IPO listing on the TSXV in Q4 2017. The private BC Corporation will have approximately 1,500,000 shares outstanding at time of the RTO transaction.
Rover Metals has decided not to pursue its take-over bid for GGL Resources, as previously announced in its Feb-19-2017 news release.
Rover Metals is pleased to announce that it has received its Exploration Permit for the Up Town Gold Property.
Rover Metals is pleased to announce that Keith Minty, P.Eng, MBA, has joined our Board of Directors.
Rover Metals is pleased to announce the results of the Summer 2016 Exploration Program for the Up Town Gold Property in Yellowknife, NWT.
Rover Metals is pleased to announce it has Optioned the Up Town Gold Property in Yellowknife, NWT. The claims are continguos to TerraX Minerals' Northbelt claims and the historic Giant Mine.