Statement Regarding Forward-Looking Information You can follow Rover on its social media channels:įor daily company updates and industry news, and The Company commenced Phase 2 Exploration at its 100% owned Cabin Gold Project in Q3-2021, and the analysis and reporting of the Phase 2 Exploration work at Cabin Gold continues through to the date of this release. Rover is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60 th parallel). The possible extension of the Beaver Zone 200 meters to the southeast, presents us with an opportunity for another high-grade gold discovery.” None of these targets have been drilled historically. We’re hoping to test these new targets as part of our Phase 3 Exploration Program planned for Q1 of this year. Judson Culter, CEO at Rover Metals, states “we’re thrilled to have made the discovery of three new large IP anomalies at the Cabin Gold project. Technical information in this news release has been approved by David White, P.Geo., Technical Advisor of Rover and a Qualified Person for the purposes of National Instrument 43-101.
This new IP anomaly has never been drilled historically, and again provides exciting blue sky discovery potential to the project. The historic Camp area exists along the primary limb of the Bugow Iron Formation, to the northwest of the Beaver Zone. The Andrew South IP Anomaly has never been drilled historically and is another example of blue sky discovery potential at the project. The IP anomaly appears to indicate the discovery of a new mineralized limb of the Bugow Iron Formation, and a new chargeable zone along that limb, trending from southeast to northwest parallel to both the Beaver Zone and the Andrew Zone. The Andrew South IP anomaly is located approximately 350 meters northeast of the Beaver Zone, close to the southern tip of the Andrew Zone. Highlights of 2020 drilling at the Arrow Zone included 32 meters of 13.6 g/t Au. Highlights from drilling at the Beaver Zone included 6.4 meters of 4.63 g/t Au (from 42.6m to 49.0m), including 2.6 meters of 7.80 g/t Au. On Decemthe Company released the results of its drilling at the Beaver Zone.
The Company is pleased to announce that one of the highlights of the IP Survey is a large anomaly that appears to extend the Beaver Zone 200 meters to the southeast (of the final drill hole of the 2021 drill program, CL-21-40), trending towards the high-grade Arrow Zone. The Company followed up the successful test survey, with an extensive ground IP Survey that covered the Beaver Zone, Andrew Zone, and the Camp Target. High-grade gold at Cabin is associated with elevated-sulfide concentration. The test results indicated a positive correlation between IP Survey chargeability and the sulfide content in the Bugow Iron Formation. In Q4-2021, Rover tested a ground induced polarized survey (“IP Survey”) over proven high-grade gold zones on the property. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4XO) (“ Rover” or the “ Company”) is pleased to report on the Phase 2 Exploration Program at its 100% owned Cabin Gold Project, NT, Canada.
25, 2022 (GLOBE NEWSWIRE) - Rover Metals Corp. Map of IP Survey at Cabin Gold Project Map of IP Survey at Cabin Gold Project
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