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.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

ROVR:CA
The Conversation (0)
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 .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
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.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
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.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

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.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
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.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
larry lepard, gold, silver, bitcoin

Lawrence Lepard: "Big Print" Coming — Fully Expect US$5,000 Gold, US$200,000 Bitcoin

Speaking to the Investing News Network, Lawrence Lepard, managing director at EMA, voiced his thoughts on the outlook for gold and Bitcoin as the debt doom loop intensifies in the US.

"I call it a doom loop — it's a vicious circle in the wrong direction, which I believe will ultimately lead to the government having to say, 'Okay, this isn't going to work. We are going to institute yield curve control or QE, or we're going to buy the bonds,'" he explained on the sidelines of the New Orleans Investment Conference.

Lepard believes it's important to hold both gold and Bitcoin, noting that the only wrong allocation is zero.

Keep reading...Show less
Chris Temple, uranium symbol and gold bars.

Chris Temple: Gold's Next Leg Higher, Plus Uranium and Natural Gas in 2025

Chris Temple, founder, editor and publisher of the National Investor, outlined the main factors he sees impacting the gold price heading into 2025, saying the yellow metal will undoubtedly move higher.

In his view, its rise will come as market participants realize how many problems the US economy is facing.

"I think that once that reality sets in, gold will get its next big lease on life and the stock market is going to bog down. I think we're going to see a lot of rotation in the market that will start to favor real assets and real value — away from everybody chasing the same relative handful of stocks as we've seen," Temple explained.

Keep reading...Show less
Gold bars stacked in ascending order.

WGC: Gold to Face Complex Drivers in 2025, Price Likely to Cool After Record-Breaking Year

The World Gold Council (WGC) has released its 2025 gold outlook, highlighting various macroeconomic factors, geopolitical risks and central bank activity as pivotal forces influencing demand and prices.

While 2024 saw gold achieve a stellar performance with a 28 percent annual increase, the outlook for 2025 is characterized by a mix of opportunities and challenges stemming from both global and regional developments.

The yellow metal has benefited from its historical role as a hedge against uncertainty, but the WGC forecasts that its performance next year will depend on other key variables as well.

Keep reading...Show less
Brightstar Resources Managing Director Alex Rovira.

Increased M&A Activity a Win-Win for Gold Sector, Brightstar Resources Exec Says

Following the completion of its acquisition of Alto Metals, Brightstar Resources (ASX:BTR) plans to conduct 50,000 metres of reverse-circulation and diamond drilling, beginning next year, at Alto Metals' approximately 900 square kilometre Sandstone gold project in Western Australia.

In an interview with the Investing News Network, Brightstar Managing Director Alex Rovira outlined the next steps for merging Alto Metals with Brightstar’s assets and the strategy for moving forward.

“From an exploration perspective … it's really focusing on the Sandstone package. We will do near-mine brownfields exploration at our Menzies and Laverton gold projects. And really, the aspiration there is to take a number of those mines toward development decisions,” he said.

Keep reading...Show less
Horizon Minerals

Horizon Minerals

Keep reading...Show less

Agnico Eagle and O3 Mining Welcome Gold Fields' Support of Their Friendly Premium Transaction

(All amounts expressed in Canadian dollars unless otherwise noted)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (" Agnico Eagle ") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (" O3 Mining ") are pleased to jointly announce that Gold Fields Limited, through a 100% indirect Canadian subsidiary (" Gold Fields "), O3 Mining's largest shareholder, has agreed to a lock-up agreement with Agnico Eagle to tender its common shares of O3 Mining (" Common Shares ") into Agnico Eagle's offer to acquire all of the outstanding Common Shares for $1.67 per Common Share in cash by way of a take-over bid (the " Offer "). See O3 Mining and Agnico Eagle's joint news release of December 12, 2024 for a detailed description of the Offer. A copy of the December 12, 2024 joint news release is available at: https:www.agnicoeagle.comEnglishinvestor-relationsnews-and-eventsnews-releasesnews-release-details2024Agnico-Eagle-to-Acquire-O3-Mining-in-Friendly-Transactiondefault.aspx .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×