Cabin Gold Group of Projects, NT, Canada

Rover Critical Minerals owns a 100% interest in the Cabin Gold Group of Exploration Properties which are located 110 km northwest of the city of Yellowknife, road accessible off of Highway NT3, at the north end of Russell Lake. The Cabin Gold Group of Properties consist of three projects: Cabin Gold, Camp Gold, and Slemon Gold. The northwest claim block, Camp Gold, is 20km southeast of Fortune Minerals’ NICO project and the claims are available for access off of the new Tlicho All-Season Road (“TASR”).

The Cabin Gold project is considered to be a high-grade gold exploration project with gold hosted in iron-formation, near to surface. The project has a historic gold resource that has been both confirmed and expanded upon by the company.

Cabin Gold Project

Cabin Gold is located 40km north of the city of Behchoko, and Highway NT-3. There is a permitted winter  road that connects Highway NT3 and Yellowknife directly to the project, over Russell Lake. The property was first prospected in 1939. In 1946, Andrew Yellowknife Mines Limited tested seven zones by drilling 39 holes totaling 2,267 meters. In 1962, ownership of the claims was transferred to Rio Algom Limited.

From 1982-1984, Highwood Resources Limited performed geophysical and geological mapping, and optioned part of the project to Cominco for exploration drilling. In 1986 Aber Resources (Diavik diamond mine founder) acquired the project. Aber Resources completed significant work on the project and defined the Bugow Iron Formation as the primary host for gold at the project.

In 1987 Aber Resources optioned off part of the project for exploration to Freeport McMoran, while Aber Resources continued to drill the Arrow Zone (formerly the Cabin Lake Zone) reporting a historic resource at the Arrow Zone of 91,000 tons at 0.30 oz/t Au (average grade of 8.5 g/t Au). Aber Resources also documented several other historic zones on the project (the Beaver Zone, the Andrew South Zone, the Andrew North Zone, and the Camp Zone to name a few – see map of Bugow Iron Formation to right) based on the work performed by Cominco and Freeport McMoran.

Rover Critical Minerals acquired the project in 2018, and in the same year completed an airborne geophysics magnetic study on the Bugow Iron Formation extending its defined near-surface length to over 15km. In H2-2020 Rover Critical Minerals commenced a Phase 1 Diamond Drill Exploration Program at the historic Arrow Zone, which included the discovery and definition of a near-surface high-grade ore shoot open at depth, highlights of which included drill hole CL-20-08 which reported 32 meters of 13.6 g/t Au (see right).

Bugow Iron Formation Map

Arrow Zone
Phase 1 Drilling

Highlights Summer-Fall 2020 Drill Program are summarized as follows:

CL-20-01 and CL-20-02

CL-20-03

CL-20-04

CL-20-05

CL-20-06

CL-20-07

CL-20-08

Drill Plan View – Phase 1 Drilling

Phase 2 Exploration Program - 2021

In July 2021, Rover commenced its Phase 2 Exploration Program at the Cabin Gold Project. The program included diamond NQ drilling, airborne magnetics/geophysics, airborne LiDAR, and a ground IP/VLF survey. The major goals of the Phase 2 Exploration Program were to: (1) further define the continuity of economic gold grades across the entire Bugow Iron Formation (>15 km in surface length), as well as; (2) search for, and define, new gold bearing iron formations in the region.

Technical information for Cabin Gold has been approved by Raul Sanabria, P.Geo., Technical Advisor and shareholder of Rover Critical Minerals and the Qualified Person for the purposes of National Instrument 43-101.

Slemon Gold Project

Slemon Gold is located 125 kilometers northwest of Yellowknife and 4 kilometers northwest of the Cabin Gold project. Exploration first began in the area in 1939. There were two historic small exploration audits. The north shaft averaged 7.2 g/t Au across 0.98 meters and had a depth of 4.6 meters. The south shaft had a depth of 8 meters, and averaged 63.1 g/t Au over 0.24 meters. There has been a total of 44 diamond drill holes totaling 1,546 meters drilled to date. There is very poor information on the historical results but it is clear that there are many small but very high-grade zones contained within quartz veining/lensing and that these zones are both coincident with, or associated to, iron formation and/or quartz feldspar porphyry dikes.

 

EXPLORATION – SUMMER 2021

As part of Rover’s summer 2021 Phase 2 Exploration program at its Cabin Gold project, the Company also flew a regional airborne high-resolution magnetic/VLF survey and airborne LiDAR imaging study. One of the goals of the surveys was to further delineate the Slemon Gold iron formation.  

Technical information for Slemon Gold has been approved by Raul Sanabria, P.Geo., Technical Advisor and shareholder of Rover Critical Minerals and the Qualified Person for the purposes of National Instrument 43-101.

Camp Gold Project

Camp Gold is located on the East side of Snare River approximately 131 kilometers northwest of Yellowknife. The area was first staked in 1938. Historic work was completed by American Yellowknife Gold Mines in 1945, which included a 20-hole (614 meter) drill program. Snare River Mines was formed to develop the property. In 1954, Tarbell Mines purchased the assets, which included the Camp Gold claims. Subsequently, Anglo United Development Corporation, in 1965, drilled a total of 44 holes totaling 4,370 meters.

In 1995 Hawkeye Gold International carried out geological mapping and geophysical surveys were carried out (AR 083831). During 1997, a 179 line-km airborne magnetic and EM survey, geological mapping, and prospecting were completed.

The deposit lies on the southwest margin of the Slave Geological Province, also located within a few kilometers of the boundary between the Bear and Slave geological provinces. A series of tightly folded and faulted sediments dominate the Slave province. Plutons, ranging in composition from gabbro to granite (along with dykes of mafic to felsic composition) intrude these sediments. Volcanic rocks, again of mafic to felsic composition, are common throughout the area.

The Camp Gold deposit is divided into two areas. The northern area is made up of three distinct zones, while the southern area is one zone. The major rock types in the deposit area are metasediments, mainly coarse grained to argillitic greywackes, with minor intrusive plugs, and dykes. Foliation is reported to be roughly parallel to bedding in a northwesterly direction and dipping 60 to 70 degrees east. Small faults run northeast, and dip approximately 50 degrees, with small horizontal displacements. Shear zones, when present, are roughly parallel to bedding. Quartz veining is significant in the shear zones, however they are generally narrow, with limited strike extension.

Mineralization is in general restricted to the quartz veins in shears, and consists of pyrite, arsenopyrite, galena, and minor sphalerite. Silicification with minor carbonatization, and sericitization are the predominant forms of alteration within the shears and in proximity to them.

EXPLORATION – SUMMER 2021

As part of Rover’s summer 2021 Phase 2 Exploration program at its Cabin Gold project, the Company also flew a regional airborne high-resolution magnetic/VLF survey and airborne LiDAR imaging study. One of the goals of the surveys was to identify any iron formations in the Camp Gold area.

Technical information for Camp Gold has been approved by Raul Sanabria, P.Geo., Technical Advisor and shareholder of Rover Critical Minerals and the Qualified Person for the purposes of National Instrument 43-101.

Technical information for Cabin Gold has been approved by Raul Sanabria, P.Geo., Technical Advisor and shareholder of Rover Critical Minerals and the Qualified Person for the purposes of National Instrument 43-101.