Rover Metals Announces Start of Phase 1 Exploration at Tobin Gold Project, Winnemucca, NV, USA
03 Mai 2022 - 3:00PM
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF)
(FSE:4XO) (“
Rover” or the
“
Company”) is pleased to announce the start of its
Phase 1 Exploration Program at its 100% owned Tobin Gold Project,
Winnemucca, NV, USA. Rover has engaged a renowned Carlin gold
geologist to assist in the planning of the Phase 1 program.
Tobin Gold ProjectIn February
2022, Rover acquired a 100% interest in the Tobin Gold Project
(“Tobin”), which is comprised of 68 claims within BLM land, for a
total of 1,405 acres (or 569 hectares). Tobin is a Carlin-style
gold system set in Mesozoic rocks. The project is located about 40
km from the operating Phoenix Gold Mine, which is owned by Nevada
Gold Mines, a joint venture between Newmont and Barrick. Tobin is
also located about 60 km from i-80 Gold’s Lone Tree Gold Mine, 50
kms from SSR’s Marigold Mine and is in close proximity to other
proven gold deposits owned by i-80 Gold, SSR Mining, and Kinross.
See property map below for more details.
The property sits in the historical Mt. Tobin
mercury district within an area of widespread silicification and
banded chalcedony veins over an area of several square kilometers.
Both structural and strata bound jasperoids are present in the
adjoining Triassic and Paleozoic carbonate and fine-grained clastic
sediments along the range-front structure as well as higher in the
range. The prospect area was identified during a BLEG stream
sediment sampling program. Follow up rock chip sampling along and
above the range front confirmed that there are multiple structures
carrying mineralization. Gold values run as high as 2.3 g/t Au,
with many samples having gold content between 200 ppb Au and 1000
ppb Au. Pathfinder elements run as high as 200 ppm Sb, 1100 ppm As
and 29 ppm Hg. Mineralization at the Tobin Project appears to be
localized along two subparallel trends. The first is the
range-front fault, and the second is structural zone located
several tens of meters above the valley that trends somewhat
obliquely to the range-front. To date, the better mineralized rocks
were largely collected from this second structure located higher on
the mountain front.
Proximity Map - Tobin Gold Project
Judson Culter, CEO at Rover Metals, states, “The
Tobin Gold Project is our first low-cost gold exploration project.
We believe that future drill programs will be reverse circulation
(“RC”) drill programs. Tobin is located in the mining friendly
jurisdiction of Nevada, in the Battle Mountain region, which has
seen significant consolidation in the past several years.”
Annual ReportRover has SEDAR
filed its Annual 2021 Comparative Financial Statements and
Management Discussion and Analysis (“MD&A”) for the years ended
December 31, 2021 and December 31, 2020. The 2021 MD&A lays out
management’s performance and significant milestones accomplished in
2021.
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.
About Rover MetalsRover is a
precious metals exploration company specialized in North American
(Canada and U.S.) precious metal resources, which is currently
advancing the gold potential of its existing projects. The Company
owns five gold projects. Phase 3 Exploration at its Cabin Gold
Project, in the Northwest Territories of Canada (60th parallel), is
also currently underway as of the date of this release.
Additionally, the Company is awaiting news from the Phase 2
Exploration Program at its Up Town Gold Project, in the Northwest
Territories of Canada (60th parallel).
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.comPhone: +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
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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.
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