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 5,000 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$600,000 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 for up to CAD$5,000,000 (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.
The 2017 Exploration Program at Up Town Gold is still underway with an extensive mapping campaign being done on the property to tie-in the Summer 2017 drill results to the surface and structural geology on the property. For a summary of the mapping campagin results as of the date hereof click here.
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 that is has signed a letter of intent to acquire GGL Resources (TSXV: GGL). GGL Resources is a Canadian natural resource exploration company specialized in Canadian gold and base metal resources.
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.