exploration

Cabin Lake Phase Two

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to announce that further to its release of May 6, 2021, announcing its Phase Two Exploration Drill Targets for the Cabin Lake Gold Project, the Company has mobilized to site, and expects to commence exploration drilling in and around June 15, 2021. A comprehensive summer drill program of over 3,000 meters is slated to commence June 15th with a focus on the historic Beaver Zone and the historic Andrew South Zone. In this news release the Company also receives a government exploration grant for $120,000. For the full copy of the news release click here.

Cabin Lake Phase 2

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (FSE:4XO) (“Rover” or the “Company”) is very pleased to announce the completion of our Phase 2 Exploration Program for its 100% owned Cabin Lake Gold Project, NT, Canada. See the Cabin Gold projects pages on our website for full details For the full copy of the news release and more information about Rover Metals Corporation, please click here.

Cabin Lake Exploration Drilling

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) is pleased to announce that further to its press release of August 4, 2020, announcing a non-brokered Unit Financing, it anticipates performing a first closing of the Unit Financing shortly, and expects to commence exploration drilling at its Cabin Lake gold project as early as August 31, 2020. For the full copy of the news release click here.

Cabin Lake 2018 Results

Rover Metals Corp. (TSXV: ROVR) (“Rover Metals” or the “Company”) is pleased to announce results of its soil geochemical survey on its 100% owned Cabin Lake Gold Project, NT, Canada. Rover Metals’ Fall 2018 Exploration Program at its Cabin Lake Gold Project has focused on revisiting the historic gold zone occurrences over the gold-rich iron formation to better understand the system, geology, structure and mineralization. The Fall 2018 Exploration Program has combined a detailed Total Magnetic Field UAS Survey with a Soil Geochemistry Survey. The second phase of the Cabin Lake Gold Project exploration program will consist of diamond drilling scheduled for the upcoming winter months. The results from the Geochemical Survey, even at the ultra-trace level, reveal strong coincident gold anomalies around and on known historic gold mineralization areas, particularly over the Camp and Andrew South Zones. The survey also shows a new additional well-defined anomalous zone in the south-east zone of the property. The interpretation of the results from field reconnaissance, the magnetic survey and the preliminary soil sampling analysis supports the hypothesis of a gold bearing system in the form of a shear corridor intersecting a series of folded iron formations, with gold preferentially being deposited within sulphidized sections of the iron formations in such zones. Rover Metals’ interpretation supported by the new gold in-soil anomalies, also supports the hypothesis that there is a much more extensive gold system than initially discovered by Aber Resources’ historic exploration drilling in the late 1980’s which only focused on one folded section of the Bugow Iron Formation. Rover Metals has identified repetitive targets within these northeast-southeast shear corridors. The Company believes the Cabin Lake system is similar in kind and style to the historic Lupin Gold Mine in Nunavut, Canada, and to some extent to the Musselwhite Gold Mine in Ontario, Canada. To access the full news release click here.

Cabin Lake Fall 2018 Exploration

Rover Metals Corp. (TSXV: ROVR) (“Rover Metals” or the “Company”) is pleased to announce the successful completion of the first phase of its fall-2018 exploration program on its 100% owned Cabin Lake property. Phase one of exploration was comprised of an Unmanned Aerial Survey (“UAS”) Supported Total Field Magnetic Survey. The Total Field Magnetic UAS (see image at Table 1 below) covered the entirety of the property for a total of 102 line-kilometers of collected data. Survey lines were placed at 25m and 50m spacings and readings were taken at one second intervals. The survey has proven to be very effective in delineating the Bugow Iron Formation and multiple other anomalous zones similar in kind to the known gold bearing zones tested by previous explorers with much higher resolution than in previous campaigns. Rover Metals is also pleased to announce that its geochemical survey which commenced on September 20, 2018 has now been completed. The geochemical survey covered an area of approximately 1.5km x 1km in the Southeastern part of the property at close sample spacing (25m between samples within lines 50m apart from each other in a North-South line orientation) for a total of 485 sampled stations. The geochemical survey was bounded at the western side by the known Cabin Lake, Beaver and Camp gold zones east (Andrew South zone) covering an area of high density of NE-SW lineaments/faults/shear zones and their intersection by repetition of folding of the Bugow Iron Formation, host of the Cabin Lake Gold zone and other gold zones within the property. Structural reconnaissance and surface outcrop mapping was done concurrently to the geochemical survey to expand the overall understanding on the structures controlling gold mineralization. Rover Metals expects to announce the results of geochemical survey in the coming weeks. click here

Cabin Lake Exploration Grant

Rover Metals Corp. (TSXV: ROVR) (“Rover Metals” or the “Company”) is pleased to announce that on August 27, 2018 it was awarded an $85,000 exploration grant from the Northwest Territories (“NT”) Government’s Mining Incentive Program (“MIP”) for its 100% owned Cabin Lake gold project, totalling 400 hectares and located approximately 110 km northwest of Yellowknife, NT, Canada and 40 km northwest of the community of Behchokǫ̀, NT, Canada. The NT Government’s Mining Incentive Program provides funding to exploration companies who propose new exploration projects in the NT or are already carrying out NT mineral exploration work. MIP grants are awarded based on a review by technical panel voting committee that consider the economic impact of exploration projects vis-à-vis planned NT government infrastructure and other criteria such as innovativeness of exploration approach. The company will be conducting a multi-stage exploration program commencing in September, following a revised geological interpretation upon reviewing the recently acquired and very comprehensive exploration data for Cabin Lake that Rover Metals purchased from North Arrow Minerals (TSXV: NAR). The purpose of the September program is twofold: firstly, an airborne magnetic survey will further outline the iron formation which is known to contain gold mineralization; and secondly, the soil geochemical survey is to delineate additional gold mineralization along the highly prospective shear corridor and its intersects with satellite iron formations. The previous exploration work done by Aber Resources (Grenville Thomas) in the late 1980’s, focused on a specific geologic model of gold exclusively associated to fold hinges of iron formations, a model that was very robust and worked well when interpreting other similar deposits, but not fully-adjusted for the Cabin Lake property. In order to advance the property, Rover Metals proposes to test new zones that step out from the classic Iron Formation Gold deposit model and transition it to the shear-hosted gold deposit. Special emphasis will be put into improving the understanding on the structures controlling gold mineralization, and soil geochemistry and detailed ground magnetometer surveys will serve the purpose. The work program would be conducted in two phases. The first phase, which will be completed in September, will focus on mapping, sampling, structural reconnaissance, ground-based magnetic survey, to test the surface expression of the new exploration model. The second phase, beginning in Q1-2019, will include up to 2,000 meters of NQ diamond-core drilling and will test the continuity of mineralization at depth.

Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., VP, Exploration Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101.