Rover Metals Announces Infill and Delineation of the New Andrew Zone at Cabin Gold, NT, Canada

Rover Metals Announces Infill and Delineation of the New Andrew Zone at Cabin Gold, NT, Canada

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 . The focus of the Phase 2 Exploration Program was to discover and delineate new gold mineralized zones along the Bugow Iron Formation, the controlling structure for gold at the Cabin Gold Project. The Company is pleased to announce that its exploration program has been able to confirm and expand the historic gold grades at the Andrew South, Andrew Middle, and Andrew North Targets. The expansion includes an increase to the historical average gold grades reported across all of these historic targets. Rover has grouped the north, middle and south bounds of Andrew into a new single Andrew Zone, which extends 800 meters from south to north at surface. The map of the Bugow Iron Formation on the Company's website has been updated to show the location of the new Andrew Zone. The south end of the Andrew Zone is situated roughly 500 meters northeast of the Beaver Zone. The Beaver Zone was featured in the Company's December 7, 2021 release. The Company has now reported on the discovery of three medium-to-high grade mineralized gold zones at Cabin: the Arrow, Beaver, and Andrew Zones, all open at depth, and along strike.

Andrew Zone Expansion

Andrew South

The Company is reporting multiple near-surface medium-to-high grade gold at the newly defined Andrew Zone which extends 800 meters from south to north along the Bugow Iron Formation. Highlights of Phase 2 drilling at Andrew South include: new drill hole CL-21-21 which reported 2.9m of 5.09 g/t Au (from 70.65m to 76.8m), including 2.2m of 6.42 g/t Au and deeper in hole CL-21-21, reporting 4.7m of 3.38 g/t Au (from 88.80m to 94.00m). As of the date of this release, the Company has sent in additional samples for assaying from hole CL-21-21, as the gold mineralization is recognized to extend past the sulfide intervals of the drill core, which is a first for the project. The new assays, once received, will be part of a future updating release, and could extend the reported high-grade gold intervals at the southern part of Andrew. Additional highlights at Andrew include: new hole CL-21-24 which reported 3.9m of 2.91 g/t Au (from 51.00m to 55.12m); new hole CL-21-19 which reported 3.1m of 2.57 g/t Au (from 62.2m to 65.3m) and deeper in hole CL-21-19 reporting 1m of 2.06 g/t Au (from 93.3m to 94.3m); new hole CL-21-20 which reported 0.4m of 6.11 g/t Au (from 90.8m to 91.2m); and new hole CL-21-25 which reported 2.3m of 2.61 g/t Au (from 68.0m to 70.5m). As noted below, in the drill result tables, there are multiple well mineralized drill intercepts at the south part of the Andrew Zone that are reported in additional new holes (see CL-21-22, CL-21-22, CL-21-23 in the tables below). As of the date of this release, the Company has also sent additional samples from hole CL-21-25 to the lab for assaying.

Andrew North
Highlights from drilling at the northern part of the Andrew Zone include new hole CL-21-27 which reported 4.3m of 4.14 g/t Au (from 17.8m to 22.8m); new hole CL-21-29 which reported 3.0m of 3.2 g/t Au (from 37.6m to 40.8m) and multiple additional medium-to-high grade gold intercepts at deeper depth from this same hole, as reported in the drill result tables below. As of the date of this release, the Company has sent additional samples to the lab from hole CL-21-29. Additional highlights include new hole CL-21-28 which reported 3.2m of 1.19 g/t Au (from 38.8m to 42.8m).

The results, both confirm and expand upon, 1980s historical drilling at Andrew, and have returned higher grades than historical results . The historical drill holes and new holes from Andrew South and Andrew North can be referenced in the drill plan views below. A table of significant Andrew Zone drill assay results, greater than 0.5 g/t Au, listed by hole and interval, can be found near the end of this release. For purposes of the calculations of the highlighted intervals in this release, Rover considers results above 0.50 g/t Au to be of significance.

Drill Plan View – Andrew Zone (South)

https://www.globenewswire.com/NewsRoom/AttachmentNg/5471528e-1877-4826-a79f-6bcb67ff9103

CL-21-19/20 Cross Sections
CL-21-21/22 Cross Sections
CL-21-23/24/25 Cross Sections

Drill Plan View – Andrew Zone (North)

https://www.globenewswire.com/NewsRoom/AttachmentNg/89c4e560-a35e-4444-9045-a3dbe0be5329

CL-21-26 Cross Section
CL-21-27/28 Cross Sections
CL-21-29 Cross Section

The Company's working hypothesis is that the near surface Andrew Zone extends 800 meters, from south to north. There was significant drilling along the middle of the Andrew Zone in the 1940s. Unfortunately, none of the historical drill records have survived. The Company tested its hypothesis during its Phase 2 Exploration Program, by drilling two drill holes in the centre of the Andrew Zone. As of the date of this release, the Company has sent additional samples from both hole CL-21-30 and CL-21-31 to the lab for assaying as the gold mineralization is recognized to extend past the sulphide intervals in the drill core. The results from Andrew middle will form part of an updating release.

Judson Culter, CEO at Rover Metals, states "We are very pleased to have made the discovery of a third significant zone at the Cabin Gold project. In total, there is over 1,000 meters of surface strike length, that is open along strike (Beaver) and at depth (Arrow, Beaver and Andrew), across all defined zones on the project (Arrow, Beaver and Andrew). We expect the 2022 Phase 3 Exploration Program at the Cabin Gold project to focus on the highest grade gold areas of these zones."

Tables of Significant Drill Results

Hole Easting Northing Elev Total Depth Dip Azimuth Zone
CL-21-19 559,189.00 7,006,213.00 181.7 100 -45 230 Andrew South
CL-21-20 559,189.00 7,006,213.00 181.7 152 -60 230 Andrew South
CL-21-21 559,189.00 7,006,213.00 181.7 130 -45 190 Andrew South
CL-21-22 559,170.00 7,006,165.00 181.7 104 -45 190 Andrew South
CL-21-23 559,170.00 7,006,165.00 181.7 53 -45 230 Andrew South
CL-21-24 559,170.00 7,006,165.00 181.7 59 -65 230 Andrew South
CL-21-25 559,202.00 7,006,198.00 181.5 101 -45 220 Andrew South
CL-21-26 558,606.00 7,006,655.00 188.8 47 -45 85 Andrew North
CL-21-29 558,606.00 7,006,655.00 188.8 50 -50 10 Andrew North
CL-21-27 558,606.00 7,006,655.00 188.8 34 -45 55 Andrew North
CL-21-28 558,606.00 7,006,655.00 188.8 47 -60 55 Andrew North
CL-21-30 558,999.00 7,006,228.00 185.5 47 -45 220 Andrew Middle
CL-21-31 558,999.00 7,006,228.00 185.5 26 -45 260 Andrew Middle


Hole Sample ID From To Interval Au g/t Zone
CL-21-19 V748041 62.20 62.76 0.56 6.24 Andrew South
CL-21-19 V748042 62.76 63.00 0.24 1.1 Andrew South
CL-21-19 V748043 63.00 63.29 0.29 0.88 Andrew South
CL-21-19 V748044 63.29 63.59 0.3 1.96 Andrew South
CL-21-19 V748045 63.59 64.00 0.41 4.19 Andrew South
CL-21-19 V748046 64.00 64.35 0.35 2.73 Andrew South
CL-21-19 V748047 64.35 64.68 0.33 0.37 Andrew South
CL-21-19 V748048 64.68 64.98 0.3 0.94 Andrew South
CL-21-19 V748049 64.98 65.32 0.34 1.02 Andrew South
CL-21-19 V748058 93.32 93.64 0.32 0.71 Andrew South
CL-21-19 V748059 93.64 94.00 0.36 3.67 Andrew South
CL-21-19 V748060 94.00 94.3 0.30 1.56 Andrew South
Hole Sample ID From To Interval Au g/t Zone
CL-21-20 V748067 90.86 91.26 0.4 6.11 Andrew South
Hole Sample ID From To Interval Au g/t Zone
CL-21-21 V748071 70.65 70.98 0.33 0.76 Andrew South
CL-21-21 V748072 70.98 71.3 0.32 0.35 Andrew South
CL-21-21 V748073 71.3 71.61 0.31 6.98 Andrew South
CL-21-21 V748074 71.61 72.03 0.42 3.89 Andrew South
CL-21-21 V748075 75.31 75.61 0.30 17.6 Andrew South
CL-21-21 V748076 75.61 76.00 0.39 10.4 Andrew South
CL-21-21 V748077 76.00 76.42 0.42 2.23 Andrew South
CL-21-21 V748078 76.42 76.8 0.38 0.48 Andrew South
CL-21-21 V748087 92.23 92.93 0.70 2.78 Andrew South
CL-21-21 V748088 92.93 93.33 0.40 1.77 Andrew South
CL-21-21 V748089 93.33 94.00 0.67 2.67 Andrew South
Hole Sample ID From To Interval Au g/t Zone
CL-21-22 V748090 42.4 42.88 0.48 0.84 Andrew South
CL-21-22 V748091 42.88 43.18 0.3 0.39 Andrew South
CL-21-22 V748092 43.18 43.61 0.43 1.16 Andrew South
CL-21-22 V748093 43.61 44.10 0.49 1.43 Andrew South
CL-21-22 V748094 44.10 44.40 0.30 0.95 Andrew South
CL-21-22 V748095 44.40 44.67 0.27 1.8 Andrew South
CL-21-22 V748096 44.67 45.01 0.34 0.57 Andrew South
CL-21-22 V748097 45.01 45.36 0.35 1.94 Andrew South
CL-21-22 V748098 45.36 45.71 0.35 0.43 Andrew South
Hole Sample ID From To Interval Au g/t Zone
CL-21-23 V748117 41.98 42.44 0.46 0.89 Andrew South
CL-21-23 V748118 42.44 42.75 0.31 0.52 Andrew South
CL-21-23 V748119 42.75 43.15 0.40 0.80 Andrew South
CL-21-23 V748120 43.15 43.90 0.75 1.05 Andrew South
CL-21-23 V748121 43.90 44.30 0.40 1.88 Andrew South
CL-21-23 V748123 44.30 44.62 0.32 0.52 Andrew South
Hole Sample ID From To Interval Au g/t Zone
CL-21-24 V748102 51.00 51.50 0.50 2.77 Andrew South
CL-21-24 V748103 51.50 52.01 0.51 0.15 Andrew South
CL-21-24 V748104 52.01 52.76 0.75 1.57 Andrew South
CL-21-24 V748105 52.76 53.10 0.34 3.63 Andrew South
CL-21-24 V748106 53.10 53.41 0.31 5.16 Andrew South
CL-21-24 V748107 53.41 53.80 0.39 1.79 Andrew South
CL-21-24 V748108 53.80 54.20 0.40 3.57 Andrew South
CL-21-24 V748109 54.45 54.77 0.32 6.11 Andrew South
CL-21-24 V748110 54.77 55.12 0.35 4.93 Andrew South
Hole Sample ID From To Interval Au g/t Zone
CL-21-25 V748125 53.00 53.45 0.45 1.64 Andrew South
CL-21-25 V748126 63.95 64.25 0.30 0.73 Andrew South
CL-21-25 V748127 65.42 65.88 0.46 1.72 Andrew South
CL-21-25 V748128 65.88 66.18 0.30 0.22 Andrew South
CL-21-25 V748129 66.18 66.58 0.40 2.16 Andrew South
CL-21-25 V748130 67.09 67.39 0.30 4.01 Andrew South
CL-21-25 V748131 67.39 67.76 0.37 0.41 Andrew South
CL-21-25 V748132 68 68.35 0.35 0.50 Andrew South
CL-21-25 V748133 68.35 68.68 0.33 0.64 Andrew South
CL-21-25 V748134 68.68 68.98 0.30 1.59 Andrew South
CL-21-25 V748135 68.98 69.68 0.70 4.27 Andrew South
CL-21-25 V748136 69.82 70.12 0.30 1.07 Andrew South
CL-21-25 V748137 70.12 70.46 0.34 5.55 Andrew South


Hole Sample ID From To Interval Au g/t Zone
CL-21-26 V748185 28.0 28.8 0.80 1.85 Andrew North
CL-21-26 V748186 28.8 29.47 0.67 0.52 Andrew North
Hole Sample ID From To Interval Au g/t Zone
CL-21-27 V748139 17.83 18.20 0.37 0.57 Andrew North
CL-21-27 V748140 18.2 18.52 0.32 6.32 Andrew North
CL-21-27 V748141 18.52 18.83 0.31 2.44 Andrew North
CL-21-27 V748142 18.83 19.11 0.28 9.2 Andrew North
CL-21-27 V748143 19.11 19.47 0.36 4.1 Andrew North
CL-21-27 V748144 19.47 19.79 0.32 1.64 Andrew North
CL-21-27 V748145 20.00 20.33 0.33 1.06 Andrew North
CL-21-27 V748146 20.33 20.75 0.42 14.65 Andrew North
CL-21-27 V748147 20.75 21.03 0.28 1.81 Andrew North
CL-21-27 V748148 21.25 21.61 0.36 0.78 Andrew North
CL-21-27 V748149 21.92 22.40 0.48 3.48 Andrew North
CL-21-27 V748150 22.40 22.84 0.44 2.64 Andrew North
Hole Sample ID From To Interval Au g/t Zone
CL-21-28 V748176 38.81 39.25 0.44 0.93 Andrew North
CL-21-28 V748177 39.25 39.82 0.57 0.27 Andrew North
CL-21-28 V748178 40.60 41.00 0.40 2.97 Andrew North
CL-21-28 V748179 41.00 41.59 0.59 1.05 Andrew North
CL-21-28 V748180 41.59 41.97 0.38 0.31 Andrew North
CL-21-28 V748181 41.97 42.36 0.39 2.63 Andrew North
CL-21-28 V748182 42.36 42.79 0.43 0.71 Andrew North
Hole Sample ID From To Interval Au g/t Zone
CL-21-29 V748153 37.60 38.00 0.40 2.72 Andrew North
CL-21-29 V748154 38.00 38.40 0.40 4.75 Andrew North
CL-21-29 V748155 38.4 38.70 0.30 1.18 Andrew North
CL-21-29 V748156 38.70 39.10 0.40 4.83 Andrew North
CL-21-29 V748158 39.37 39.71 0.34 1.31 Andrew North
CL-21-29 V748159 39.71 40.09 0.38 5.61 Andrew North
CL-21-29 V748160 40.09 40.39 0.30 4.43 Andrew North
CL-21-29 V748161 40.39 40.82 0.43 0.60 Andrew North
CL-21-29 V748162 41.70 42.01 0.31 1.48 Andrew North
CL-21-29 V748165 42.97 43.37 0.40 0.92 Andrew North

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.

Stock Option Grant to Advisor
The Company has made a stock option grant of 350,000 stock options to Robert Schafer, an advisor to the Company. The stock options have an exercise price of $0.06, vest monthly over 12 months, and have a four-year useful life. Mr. Schafer has nearly 40 years of experience in the mineral industry, working in the international sector with both major and junior mining companies. He is founder and Managing Director of Eagle Mines Management, a globally active private natural resources corporation. He has held executive and senior management positions with Hunter Dickinson Inc., Kinross Gold Corp., and BHP Minerals over the past 20 years. Throughout his career Mr. Schafer has worked internationally, with notable experience in the far east of Russia, Southern Africa, South America and Australia.

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 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/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 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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Rover Metals

Rover Metals

Overview

For over 150 years, gold mining has been a significant industry in the Northwest Territories, Canada. Past-producing mines like the Con and Giant mines near Yellowknife produced approximately 12 million ounces of gold at an average grade of 14 grams per ton Au over a mine-life of close to 70 years. The Lupin gold mine produced approximately 3.5 million ounces of gold averaging 12 grams per ton from its iron formation hosted gold. Nighthawk Gold has reported a current gold resource in its banded iron formation of approximately 2.1MM ounces Au. As the territory generates more investor attention to its mineral-rich landscape, revitalized gold exploration in this region could reach these historic scales once again.

Rover Metals Corp. (TSXV:ROVR,OTCQB:ROVMF,FWB:4XO) is currently developing the gold potential of its flagship Cabin Gold project near Yellowknife.

The Cabin Gold project and Up Town Gold property are Rover Metal’s highly prospective assets. The Yellowknife jurisdiction hosts world-class gold deposits, existing infrastructure and supportive mining relations with local government bodies. The projects also leverage accessible roadways and strategic positioning near the Tłı̨chǫ All-Season Road Project.

Rover Metals has 100 percent ownership interest in the Cabin Gold group of gold exploration projects. Since Cabin Gold’s acquisition in 2018, Rover has been quick to advance the project’s exploration and development, including obtaining exploration permits and completing extensive geophysics and drill programs, and most recently a winter access road (including ice road component) to decrease the company’s exploration operating costs by approximately 35 percent.

The Cabin Gold project consists of multiple near-surface and drill-ready brownfield gold targets. Exploration plans in early 2021 include a 3,000 meter drilling program expansion at Cabin Gold for approximately C$2 million. Rover’s expansion drilling will include expanding on the discovery of what it believes to be a primary gold bearing ore shoot at the Cabin Lake Gold Zone. As released on November 24, 2020, drill hole CL-20-08 intersected 32 meters of continuous gold averaging 13.6 grams per ton Au. The significance of hole CL-20-08 is that economic gold grades start at just 17.5 meters from surface, and the hole has identified a northwest trend and plunge at depth, of the gold mineralization in the ore shoot zone. Starting in March 2021, the Company plans to drill the Cabin Gold Zone ore shoot at depth, as well as several other brownfields targets that exist along the Bugow Iron Formation (for example, the Andrew North Zone, the Andrew South Zone, and the Beaver Zone – all part of the Cabin Gold Property). The Company currently has identified at least 12 targets as potential new ore shoot discoveries on the property.

The Up Town Gold property covers 11 gold showings over two corridors of structurally hosted high-grade gold mineralization and shear zoning, which also hosts the famous Giant Mine deposit. In December 2020, Rover Metals entered into a definitive agreement to option off 75 percent ownership interest in the gold project. Rover Metals will retain a 25 percent ownership in the Up Town Gold property.

Rover Metals’ management team includes experts in international finance, mine exploration and project development. Years of experience primes the company for high-grade gold discovery and successful project advancement.

Rover Metals’ Company Highlights

  • Rover Metals is a precious mineral exploration company focused on highly prospective gold prospects in North America. The company’s gold projects are located in the mining-friendly and resource-rich landscape of Yellowknife, NWT.
  • The Cabin Gold group of gold projects consist of three properties: Cabin Gold, Camp Gold, and Slemon Gold. The company has 100 percent interest in this asset.
  • Rover Metals has conducted significant groundwork and exploration on Cabin Gold. Developments include drilling, geophysics, ice road permitting and assay reporting, which have reported 14 g/t gold grades at one of the property’s 32 meter drill holes located 17 meters from surface. The Company plans to drill this ore shoot discovery at depth in Q1
  • There remains three at surface proven historic brownfields gold zones at Cabin Gold that are still to be drill tested by Rover, as well as at least 9 other high-quality greenfields targets.

Rover Metals’ Key Projects

Cabin Gold Project

The Cabin Gold property includes Cabin Gold, Camp Gold and Slemon Gold properties for a total land package of 1,503 hectares. Located near the Tłı̨chǫ all-season roadway, the asset also leverages multiple access points, including boat and air transportation.

Rover Metals’ 2018 geophysics identified three folding interference phases with multiple gold and quartz mineralization zones on the property.

Immediate plans for Cabin Gold include continued drilling to expand potential gold targets and bringing the project’s resources to market by Q1-2021. The company currently sits in an advantageous early-stage position to leverage entry-level investment and engage in necessary permitting processes, including valuable ice road access acquisition.

Up Town Gold Property

Up Town consists of six claims covering 3,227 hectares, strategically positioned along the west side of the Giant mine near downtown Yellowknife and TerraX Minerals’ Yellowknife City gold property.

Up Town covers 11 gold showings with structurally hosted high-grade gold mineralization similar to the Giant mine deposit. Grab samples from the main Fox South Shear zone have assayed up to 30.3 g/t gold with additional channel sample results showing up to 1.1 meters at 2.2 g/t gold.

Rover Metals has conducted extensive groundwork on the Up Town Gold property. A 2017 summer diamond drilling program confirmed previous known mineralized zones and expanded exploration of these mineralized zones along strike and to depth. Further advancement of the project presents exciting opportunities for significant gold discovery and target expansion.

Rover Metals retains a 25 percent ownership in the Up Town Gold property.

Rover Metals’ Management Team

Judson Culter, CPA, CA — CEO & Director

Judson Culter is an experienced start-up entrepreneur and co-founded Rover Metals in 2014. Culter has over ten years of international finance, capital markets, and accounting experience. He has helped raise over C$20 million in private and public financing for start-ups and growth-oriented companies in the Pacific Northwest, Asia Pacific and South America. He has also taken several mineral resource companies public, including the Dolly Varden silver project, whereby he was a co-founder and managed the exploration drill program.

Keith Minty, P.Eng, MBA — President & Director

Keith Minty obtained a B.Sc. in Mining Engineering from Queen’s University, Kingston, Ontario, Canada, in 1978. He has over 26 years of open pit and underground mine operational and project development experience in North America, Central America and Africa. From 2008 to 2013, Minty was the COO at Thani Dubai Mining, where he was responsible for all project exploration and operation activities in Yemen and Egypt. Prior, he was the South African country manager for Hunter Dickinson. Minty has also served on the board of directors of Asanko Gold and Oremex Silver and served as COO at Aurvista Gold. He currently serves on the boards of Auryn Resources and Callinex Mines.

Oliver Foeste, CPA, CA — CFO

Oliver Foeste is currently the managing partner of Invictus Accounting Group and brings over a decade of financial and business advisory and executive and directorship experience across several sectors, including mining, natural resources, technology, real estate, cannabis and more. Oliver currently holds strategic CFO roles for a select number of private and public companies and previously held senior management and executive positions in multinational and small-capitalization companies listed in both Canada and the United States. During the earlier years of Oliver’s career, he was at Deloitte, where he led audit and assurance engagements for private and public companies.

Louis Covello, P.Geo — Director

Louis Covello is an independent consulting geologist for the exploration industry. His professional experience spans more than four decades and includes serving as president and Director for Aurora Geosciences and Covello, Bryan and Associates. He has worked as a professional geologist throughout Canada, Australia, the United States, Southeast Asia and Russia. He is a member and past president of the NWT and Nunavut Chamber of Mines and a member of the NWT and Nunavut Association of Professional Engineers and Geoscientists, the Canadian Institute of Mining, Metallurgy and Petroleum and the Geological Association of Canada.

Eugene Hodgson — Director

Eugene Hodgson is an accomplished senior executive in the private and public sectors. He is an experienced negotiator with First Nations groups and a strategic board member for several business and community associations. Hodgson has been the senior policy advisor for the Government of the Northwest Territories and served on the board of directors of various companies, including Grandfield Pacific, First Class Systems, Arimex Resources, Sea Breeze Power, Silvermex Resources and Metron Capital. He is currently a director and audit chair of Pebble Labs Inc., Maxtech Ventures Inc. and Red Fund Capital Corp. Hodgson is also the CFO for Fabled Copper & Gold and Trait Biosciences.

Salim Tharani — Director

Salim Tharani has held top executive positions for Western and Russian conglomerates generating income of US$250 million to US$2.5 billion. He has also raised over US$1.3 billion through project financing, debt financing, private equity, venture capital and synthetic instruments and successfully integrated and executed over 88 M&A and LBO transactions with an aggregate value of over US$800 million. Tharani holds a Bachelor of Arts Degree from Simon Fraser University.

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Developing Gold Prospects in the Yellowknife Area, Northwest Territories

Rover Metals Announces Results of Ground IP Survey at Its Cabin Gold Project, NT, Canada

Rover Metals Announces Results of Ground IP Survey at Its Cabin Gold Project, NT, Canada

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 gt Au (from 42.6m to 49.0m), including 2.6 meters of 7.80 gt Au . Highlights of 2020 drilling at the Arrow Zone included 32 meters of 13.6 gt Au .

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Rover Metals Announces $100,000 Government Exploration Grant for Cabin Gold Project, NT, Canada

Rover Metals Announces $100,000 Government Exploration Grant for Cabin Gold Project, NT, Canada

Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (" Rover " or the " Company ") is pleased to announce that it has received a $100,000 exploration grant for its Cabin Gold Project, NT, Canada from the Government of the Northwest Territories' Mining Incentive Program ("MIP"). MIP received additional 2021 funding from the Canadian Northern Economic Development Agency (CanNor) under its mandate to ensure that mineral resource exploration and development continues to flourish in the north.

About the Cabin Gold Project
In September 2020, Rover kicked-off its first exploration drilling program at the historic Cabin Gold Project. The exploration program included both confirmation and expansion drilling of historical high grade gold drill intercepts in the "Arrow Zone" area of the historic Bugow Iron Formation. The Bugow Iron Formation is the controlling structure for the gold mineralization on the property and is over 15 km in length. On November 24, 2020 , the Company reported an intersection of 32 meters of continuous gold averaging 13.6 grams per ton Au from the Arrow Zone. Rover's 2020 expansion drilling included the discovery of what it believes to be a primary gold bearing ore shoot at the Arrow Zone. The Arrow Zone remains open at depth, underneath Cabin Lake, and is only accessible for expansion drilling in the winter months. Rover's 2020 drill program was the initial step towards confirming and expanding the historic 100,000 tons at 0.30 Oz/ton Au* historic resource estimate, reported for the Arrow Zone, towards a NI 43-101 compliant mineral resource estimate. The Arrow Zone will see expansion drilling commencing in Q1-2022.

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Rover Metals Announces Infill and Delineation of the Historic Beaver Zone, at Cabin Gold, NT, Canada

Rover Metals Announces Infill and Delineation of the Historic Beaver Zone, at Cabin Gold, NT, Canada

Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (" Rover " or the " Company ") is pleased to report on the Phase 2 Exploration Program at its 100% owned Cabin Gold Project, NT, Canada . The focus of the Phase 2 Exploration Program was to discover and delineate new gold zones along the Bugow Iron Formation, the controlling structure for gold at the Cabin Gold Project. The Company is pleased to announce that it has been able to achieve expansion of the economic gold grades at the historic Beaver Zone. The Beaver Zone is situated roughly 400 meters northwest of the Arrow Zone, which was the focus of the Company's exploration efforts in 2020. In November 2020, the Arrow Zone was delineated as a near surface, 120-meter high-grade ore shoot, open at depth. The Beaver Zone, currently defined as approximately 90 meters in near surface length, is showing potential to extend south-east into the high-grade Arrow Zone, as well as being open to the northwest, and at depth.

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Rover Metals Announces Phase 2 Exploration Drilling Now Complete at Up Town Gold Project, NWT, Canada

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.

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Rover Provides Update on Timing of Phase 2 Exploration Results at Cabin Gold Project, NT, Canada

Rover Provides Update on Timing of Phase 2 Exploration Results at Cabin Gold Project, NT, Canada

Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (" Rover " or the " Company ") has received an update from ALS Canada and expects to be fully reported on the results of its Summer 2021 Phase 2 Drill Program, at its Cabin Gold Project, by the end of November. The Company anticipates issuing a news release on the results in early December.

About the Cabin Gold Project
In September 2020, Rover kicked-off its first exploration drilling program at the historic Cabin Gold Project. The exploration program included both confirmation and expansion drilling of historical high grade gold drill intercepts in the "Arrow Zone" area of the historic Bugow Iron Formation. The Bugow Iron Formation is the controlling structure for the gold mineralization on the property and is over 15 km in at or near surface length. In Q4-2020, the Company reported an intersection of 32 meters of continuous gold averaging 13.6 grams per ton Au from the Arrow Zone. Rover's 2020 expansion drilling included the discovery of what it believes to be a primary gold bearing ore shoot at the Arrow Zone. The Arrow Zone remains open at depth, underneath Cabin Lake, and is only accessible for expansion drilling in the winter months. Rover's 2020 drill program was the initial step towards confirming and expanding the historic 100,000 tons at 0.30 Oz/ton Au* historic resource estimate, reported for the Arrow Zone, towards a NI 43-101 compliant mineral resource estimate. The Arrow Zone will see expansion drilling commencing in Q1-2022, as soon as the ice drill pads and ice road to site have been constructed.

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High-Grade Gold Confirmed at Bronzewing South

High-Grade Gold Confirmed at Bronzewing South

Initial assays returned for visible gold zone logged in diamond drill core~40m south of the Bronzewing Mining Lease, with drilling continuing

Hammer Metals Ltd (ASX: HMX) (“Hammer” or the “Company”) is pleased to provide an update on recent exploration progress at its 100%-owned Yandal Gold Project in Western Australia. Diamond drilling continues with the first batch of assays now received for the zone of visible gold reported to the ASX on 2 September 2025. Drilling of the diamond tail to drill-hole BWSRCD081 was completed a depth of 561.7m.

The diamond drilling program has continued with two diamond tails completed at the Bronzewing Central Target, located approximately 1.7km to the south of the Eastern Target Zone. A follow-up diamond tail will commence shortly at the Eastern Target, with drilling anticipated to conclude towards the end of September. Results from this program will continue to be submitted to the laboratory in batches, with results anticipated to be received throughout September and into mid-October.

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Top 5 Canadian Mining Stocks This Week: Guardian Exploration Gains 94 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

On Thursday (September 11), Canadian Prime Minister Mark Carney revealed the first tranche of projects selected by the newly created Major Projects Office. The goal of the office is to accelerate timelines for projects deemed to be in the national interest, which include infrastructure, natural resources and technology.

The projects include the Phase 2 expansion of LNG Canada’s Kitimat facility, the development of Foran Mining's (TSX:FOM,OTCQX:FMCXF) McIlvenna Bay copper-zinc mine in Saskatchewan, and an expansion of Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) and Imperial Metals' (TSX:III) Red Chris copper-gold mine in Northern BC.

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Editor's Picks: Gold Knocks Out Inflation-Adjusted High, Silver Breaks US$42

Gold's record-setting price run continued this week, with yet another new all-time high in the books. Silver also fared well, breaking US$42 per ounce.

According to Bloomberg, gold has now also surpassed its inflation-adjusted all-time high of US$850 per ounce, which it set more than 45 years ago on January 21, 1980. The news outlet notes that at the time the US was dealing with currency issues, inflation and recession concerns.

These are problems that sound all too familiar today. This week brought the release of the latest US consumer price index (CPI) data, which shows a 0.4 percent month-on-month increase for the all-items index — that's ahead of estimates and the most since the start of 2025.

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Hamak Gold

Admission to Trading on the OTCQB Market

Hamak Gold Limited (LSE: HAMA / OTCQB: HASTF), a company combining traditional gold exploration in West Africa with a Digital Asset Treasury Management strategy, is pleased to announce that the Company's shares have been admitted to trading on the OTC Venture Market ("OTCQB") in the United States, under the symbol "HASTF". No new Ordinary Shares have been issued by the Company for this parallel trading of its shares.

The purpose of the listing of shares on the OTCQB is to broaden the Company's exposure to the North American investor markets and to increase trading liquidity in a drive to deliver shareholder value.

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Stock market display with "mergers and acquisitions" in green and white text.

Barrick’s Plan to Sell Hemlo Mine for US$1.09 Billion Marks Canadian Exit

Barrick Mining (TSX:ABX,NYSE:B) has agreed to sell its Hemlo gold mine in Ontario, Canada, for up to US$1.09 billion, continuing the company's shift away from non-core assets.

The company announced on Thursday (September 11) that Carcetti Capital (TSXV:CART.H), which will be renamed Hemlo Mining, will acquire the mine under terms that include US$875 million in cash, US$50 million in Hemlo Mining shares and as much as US$165 million in contingent payments tied to future gold prices and production.

Barrick President and Chief Executive Mark Bristow said the sale is part of the company’s ongoing capital allocation approach, noting that proceeds will help bolster the firm's balance sheet and fund returns to shareholders.

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Gold nuggets beside text: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Zenith Minerals Strikes Gold at Red Mountain

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.

Companies focused on a mix of minerals and resources once again form this week’s top stocks list, including ones searching for gold, rutile, graphite, lithium and oil.

Significant news, including broad mineralisation discoveries and new acquisitions, drove the top performers this week, which you can learn more about in the list below.

Looking at the bigger picture, Australian lithium stocks took a hit this week following the announcement of Chinese battery giant Contemporary Amperex Technology's (SZSE:300750,HKEX:3750) reported production restart at its Jianxiawo lithium mine in Yichun. Lithium prices and mining companies had previously been lifted in mid-August after the mine was suspended.

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