Rover Metals Announces Results of Ground IP Survey at Its Cabin Gold Project, NT, Canada
25 Janvier 2022 - 3:00PM
Rover Metals Corp. (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. In Q4-2021, Rover tested a ground induced polarized survey
(“IP Survey”) over proven high-grade gold zones on the property.
The test results indicated a positive correlation between IP Survey
chargeability and the sulfide content in the Bugow Iron Formation.
High-grade gold at Cabin is associated with elevated-sulfide
concentration. 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. 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. On December
7, 2021 the Company released the results of its drilling at the
Beaver Zone. 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. Highlights of
2020 drilling at the Arrow Zone included
32 meters of 13.6
g/t Au.
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/af8677ef-97f9-4af4-ae36-0b658b890081
IP Survey Comprehensive
ResultsThe Company is also pleased to be reporting on the
discovery of three prominent IP anomalies: (1) the aforementioned
Beaver Zone; (2) the Andrew South IP Target, and (3) the Camp IP
Target. The dipole-dipole IP Survey comprised 25m station spacing
along lines spaced 25 meters apart, with a 40m depth slice of
chargeability.
Beaver Zone IP AnomalyThe IP anomaly extending 200
meters to the southeast of drill hole CL-21-40 has never been
drilled historically and provides exciting blue sky discovery
potential to the project.
Map of the Beaver Zone IP Anomaly
Andrew South IP AnomalyThe Andrew South IP anomaly is located
approximately 350 meters northeast of the Beaver Zone, close to the
southern tip of the Andrew Zone. 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 has never been drilled
historically and is another example of blue sky discovery potential
at the project.
Map of the Andrew South IP Anomaly
Camp IP AnomalyThe historic Camp area exists along the primary
limb of the Bugow Iron Formation, to the northwest of the Beaver
Zone. This new IP anomaly has never been drilled historically, and
again provides exciting blue sky discovery potential to the
project.
Map of the Camp IP Anomaly
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.
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. We’re hoping to test these new
targets as part of our Phase 3 Exploration Program planned for Q1
of this year. None of these targets have been drilled historically.
The possible extension of the Beaver Zone 200 meters to the
southeast, presents us with an opportunity for another high-grade
gold discovery.”
About Rover MetalsRover 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 (60th parallel). 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.
You can follow Rover on its social media
channels:
Twitter:
https://twitter.com/rovermetalsLinkedIn:
https://www.linkedin.com/company/rover-metals/Facebook:
https://www.facebook.com/RoverMetals/for daily company updates and
industry news, andYouTube:
https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor
corporate videos.Website:
https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS “Judson
Culter” Chief Executive Officer and Director
For further information, please contact: Email:
info@rovermetals.com Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking
InformationThis news release contains statements that
constitute "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause Rover's actual results, performance or
achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or
conditions "will," "would," "may," "could" or "should" occur. There
can be no assurance that such statements prove to be accurate.
Actual results and future events could differ materially from those
anticipated in such statements, and readers are cautioned not to
place undue reliance on these forward-looking statements. Any
factor could cause actual results to differ materially from Rover’s
expectations. Rover undertakes no obligation to update these
forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION
CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE
COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE
IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON
THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT
TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY
PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF
THIS RELEASE.
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