Rover Metals Corp. is pleased to announce that Phase 2 Exploration Drilling is now complete at the Up Town Gold project NWT, Canada . The Company optioned a 75% interest in the project to Arctic Fox Minerals Corp. . Arctic Fox is seeking a public listing of its shares on the Canadian Securities Exchange . Up Town Gold Project The Up Town Gold project is located on the outskirts of city limits of the city of ...

Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (" Rover " or the " Company ") is pleased to announce that Phase 2 Exploration Drilling is now complete at the Up Town Gold project NWT, Canada (60 th parallel). The Company optioned a 75% interest ("Option Agreement") in the project to Arctic Fox Minerals Corp. ("Arctic Fox") (formerly Melius Capital Corp). Arctic Fox is seeking a public listing of its shares on the Canadian Securities Exchange (the "CSE").

Up Town Gold Project
The Up Town Gold project is located on the outskirts of city limits of the city of Yellowknife. The Up Town Gold project is an Archean lode-gold prospect adjoining the historic 7.2 million ounces 1 (0.564 ounces per tonne Au or 16 g/t Au) Giant Mine gold deposit in Yellowknife, Northwest Territories and Gold Terra Resources' (TSXV: YGT) Yellowknife City Gold Project. The 3,227 hectare property hosts ten high-grade gold occurrences. Most work to date has been conducted at the Rod Zone and Fox South Zone. The Rod Zone was drilled to a shallow depth in the 1960's and mined on a small scale in 1979 by previous owners. Recent historic surface sampling at the Rod Vein returned grab samples up to 318 g/t Au and channel samples up to 1.20 m @ 17.27 g/t Au 2 . Drilling by Rover in 2017 at the Rod Zone returned significant gold intersections in all of three holes drilled with best results of 5.4 m @ 4.28 g/t Au including 0.9 m @ 22.10 g/t Au ( Rover Metals Press Release dated October 4, 2017 ). At the Fox South Zone, a different style of wide, disseminated, shear zone hosted mineralization returned historic surface samples up to 30.3 g/t Au. Rover drilled the Fox South Zone in 2017 with best results of 7.1 m @ 0.62 g/t Au including 0.3 m @ 5.12 g/t Au.

1. Silke, R. 2009. The Operational History of Mines in the Northwest Territories, Canada. Tables 3,4,5,and 6 from pages 266, 269, and 270.
2. The Up Town Gold property contains eight principal showings documented in the NWT mineral showing database (NORMIN).

Phase 2 Exploration Drill Program
Artic Fox returned to the Fox South Zone , drilling multiple holes collared along the existing defined strike of the shear zone (that was the focus of the drilling completed in Q3-2017 by Rover). Successful results from these holes would increase the Fox South Zone by an additional 125 meters along strike to the south. Two new targets were also drilled during the program. The R45 Target , which is located south of Baker Lake and is a silicified shear that was historically trenched for 60 meters. Also, the Baker West Target, a 300-meter-long shear located near the western shore of Baker Lake.

Drilling was also completed at the historic No.22 Vein , located south of the Rod Zone . Surface sampling complete in 1965 returned 2.74 oz./T over 2.5 feet (94 g/t Au over 0.76 meters) 3 . In 2015, a chip sample collected near the vein returned 37.2 g/t Au over 0.2 meters 4 .

3. Schiller, E.A. and Hornbrook, EH., (1965), Mineral Industry of the District of Mackenzie 1963. Geological Survey of Canada Paper 64‐22.
4. Power, M., (2016), Exploration Program at the Up Town Gold Project; Assessment Report submitted for Claims UTG 1-6 (K15961-K15966)

Historic property scale geochemical and geophysical surveys defined several structural corridors localizing the principal gold showings. Mineralization at the Up Town Gold property is granitoid-hosted and belongs to the class of Archean granitoid-hosted lode gold deposits. Prominent examples include Woodcutters Goldfields in Australia; Buzwagi in Tanzania; Renabie, Cote Lake, Hammond Reef and Hasaga in Ontario; and several mines in the Bourlamarque Batholith in Quebec.

Judson Culter, CEO at Rover Metals, states "We are expecting results from the Phase 2 Drill Program at Up Town Gold in Q1-2022, and we are wishing Arctic Fox the best of luck with their proposed listing on CSE."

Technical information in this news release has been approved by David White, P.Geo., Technical Advisor of Rover and Arctic Fox and a Qualified Person for the purposes of National Instrument 43-101.

Advisor Agreements
The Company has received approval from the TSXV to issue common shares to two of its advisors as payment settlement for their services. Robert Schafer's advisory services of $7,500, for the period of July 1, 2021 to September 30, 2021, will be paid through the issuance of 113,242 common shares as full payment settlement. The shares will bear a four-month regulatory hold period from the date of issuance. Abingdon Capital's advisory services of $7,500, for the period of July 1, 2021 to September 30, 2021, will be paid through the issuance of 113,242 common shares as full payment settlement. The shares will bear a four-month regulatory hold period from the date of issuance.

About Rover Metals
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 Company commenced Phase 2 Exploration at its 100% owned Cabin Gold Project in the summer of 2021, and exploration work continues at Cabin Gold through to the date of this release.

You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for 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 Information
This 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 be 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.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

Newmont Signs Farm-in Agreement to Advance Exploration atMonza Project, Northern Territory

Newmont Signs Farm-in Agreement to Advance Exploration atMonza Project, Northern Territory

Prodigy Gold NL (ASX: PRX) (“Prodigy Gold” or the “Company”) is pleased to advise that it has signed a binding Exploration and Farm-in and Joint Venture Agreement (“Agreement”) with Newmont Exploration Pty Ltd, a wholly owned subsidiary of Newmont Corporation (“Newmont”) to advance exploration at the Monza Project located in the Northern Territory (the “Project”).

Under the Agreement, Newmont can earn an initial 51% interest in the Project by either incurring expenditure of A$6,000,000 or defining a JORC 2012 Inferred Mineral Resource (whichever occurs first) (Phase 1 Earn-In). The Joint Venture commences on Prodigy Gold receiving a completion notice from Newmont for the Phase 1 Earn-In. Once the Joint Venture decides to proceed with the development of a mining operation, Newmont will automatically earn an additional 29% interest in the Project (resulting in an 80% aggregate interest) (Phase 2 Earn-In).

Keep reading... Show less
Second Drill Secured to Fast Track Napié Resource Development & Regional Exploration

Second Drill Secured to Fast Track Napié Resource Development & Regional Exploration

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has secured a second drill rig to accelerate exploration programs on the Tchaga and Gogbala prospects at the Company’s flagship Napié Project in Côte d’Ivoire. Tchaga and Gogbala are located on a +23km soil geochemical anomaly and coincident 30km-long Napié Fault (Figure 1).


Keep reading... Show less
Constantine Announces Advertising and Investor Awareness Program and Shares Issued for Financial Advisory Services

Constantine Announces Advertising and Investor Awareness Program and Shares Issued for Financial Advisory Services

Constantine Metal Resources Ltd. (TSXV: CEM) (OTCQX: CNSNF) ("Constantine" or the "Company") announces that it has entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network ("INN").

INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. During the 12 month term of the agreement, which expires at the end of August 2022, INN will provide advertising to increase awareness of the Company. Under the terms of the agreement with INN, the Company has agreed to pay INN $36,000 for the campaign, payable in cash in four quarterly installments of $9,000 each. The agreement is subject to TSXV acceptance. INN is at arms-length from the Company and has confirmed that it does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

Keep reading... Show less
Blue Star Gold Announces Closing of Non-Brokered Private Placements of Flow-Through and Non-Flow Through Common Shares and Warrant Extension

Blue Star Gold Announces Closing of Non-Brokered Private Placements of Flow-Through and Non-Flow Through Common Shares and Warrant Extension

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that, further to its news releases of November 4, 2021 and November 17, 2021, and subject to the final approval of the TSX Venture Exchange (the "Exchange"), it has closed the final tranche of its non-brokered private placement (the "FT Private Placement") of flow-through common shares (the "FT Shares") by issuing 296,000 FT Shares at a price of $0.72 per FT Share raising gross proceeds of $193,680.

The Company also announces that, subject to the approval of the Exchange, it has closed its non-brokered private placement (the "Share Private Placement") of common shares (the "Shares") by issuing 735,294 Shares at a price of $0.68 per Share, raising gross proceeds of $500,000.

Keep reading... Show less
Alianza Minerals and Cloudbreak Discovery acquire Stateline Copper Project under the Southwest US Copper Alliance, Colorado

Alianza Minerals and Cloudbreak Discovery acquire Stateline Copper Project under the Southwest US Copper Alliance, Colorado

(TheNewswire)

Alianza Minerals Ltd

  • Second Copper Prospect acquired under Southwest US Copper Alliance

Keep reading... Show less
Metals Creek Receives 1st Anniversary Option Payment for Flint Lake from Manning

Metals Creek Receives 1st Anniversary Option Payment for Flint Lake from Manning

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or "Metals Creek") is pleased to announce that the company has received the 1st year anniversary payment of $30,000 and 400,000 shares from Manning Ventures Inc. (CSE: MANN) ("Manning") for the Flint Lake Option.

Manning has the right to earn a 100% interest of Metals Creeks 81.3 % interest in the Flint Lake project.

Keep reading... Show less

Top News

Related News