Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF)
(“
Rover Metals” or the “
Company”)
is pleased to release the drill assay results from its first holes
at its 100% owned Cabin Lake Gold Project.
Summer/Fall
2020 Cabin Lake Exploration ProgramNine
diamond drill holes have been completed at the Cabin Lake Gold
Project. The Company is reporting on the holes received from its
first batch of samples.
Drill hole CL-20-01 was drilled
oblique (45 degrees to bedding) to historic drill hole 86-28 in an
attempt to twin the historic high-grade intersect and also to test
the influence of shearing affecting the Bugow Iron formation in
both sulfidization and gold deposition. Hole CL-20-01 intersected
the amphibolitic iron formation at a depth of 24.29m, where the
upper contact appears sheared, deformed and intensely sulfidized.
The iron formation is also flooded with quartz veining, likely
related to a deformation/shearing event, and more than probable,
related to the gold mineralization. Later narrow pegmatite bodies
intrude both the host rock and the mineralized zones, thus
explaining the dilutive low to nil gold values between high-grade
gold intervals. The continuous long gold mineralized interval
extends from 24.63m to 46.64m for a total of 22.01m
averaging 7.94 gpt Au. Significant zones include 25.4m to
26.27m (0.87m averaging 13.50 gpt Au); 30.9m to 31.88m (0.98m
averaging 15.52 gpt Au); 37.0m to 38.04m (1.04m averaging 13.39 gpt
Au); and 41.7m to 44.48m (2.78m averaging 18.50gpt Au).
Hole CL-20-03 was planned with
the intent of validating and verifying both of the historic
intersects of holes 86-10 and 86-11, as well as to intersect the
historic Bugow Iron formation in between these historic holes after
applying deviation corrections in the historic database. Hole
CL-20-03 intersected a long interval of continuous gold
mineralization from the upper sheared contact of the historic Bugow
Iron formation at a depth of 40.09m to 54.84m, for a total of
14.75m averaging
6.45 gpt Au. Within this zone, a
larger sub interval of continuous gold mineralization, from 42.06
to 53.55m (11.49m), averaging 7.96 gpt Au, including 4.51m (from
45.44 to 49.95m) averaging 13.09 gpt Au. The hole continued into
non sulfidized amphibolitic iron formation for its entire remaining
length with negligible gold values and lack of
deformation/shearing, sulfides or quartz flooding, confirming the
gold mineralization is associated with shearing/deformation and
sulfidization along with quartz flooding as a result of it.
Table 1. Summary of Assay Results for
drill holes CL-20-01 and CL-20-03
CL-20-01 |
From |
To |
Interval |
Sample ID |
Au ppm |
24.63 |
24.93 |
0.3 |
V745603 |
1.45 |
24.93 |
25.4 |
0.47 |
V745604 |
5.38 |
25.4 |
25.9 |
0.5 |
V745606 |
11.50 |
25.9 |
26.27 |
0.37 |
V745607 |
16.20 |
26.27 |
26.71 |
0.44 |
V745608 |
1.88 |
26.71 |
27.38 |
0.67 |
V745609 |
3.18 |
27.38 |
28 |
0.62 |
V745610 |
0.05 |
28 |
29.01 |
1.01 |
V745611 |
2.54 |
29.01 |
29.31 |
0.3 |
V745612 |
11.40 |
29.31 |
29.35 |
0.04 |
V745613 |
8.36 |
29.35 |
29.76 |
0.41 |
V745614 |
5.75 |
29.76 |
30.4 |
0.64 |
V745615 |
5.21 |
30.4 |
30.9 |
0.5 |
V745616 |
5.06 |
30.9 |
31.35 |
0.45 |
V745618 |
20.50 |
31.35 |
31.88 |
0.53 |
V745619 |
11.30 |
31.88 |
32.46 |
0.58 |
V745620 |
9.40 |
32.46 |
32.59 |
0.13 |
V745621 |
0.65 |
32.59 |
32.87 |
0.28 |
V745622 |
2.26 |
32.87 |
34 |
1.13 |
V745623 |
10.20 |
34 |
34.4 |
0.4 |
V745624 |
12.80 |
34.4 |
34.9 |
0.5 |
V745625 |
4.52 |
34.9 |
35.43 |
0.53 |
V745626 |
4.86 |
35.43 |
35.93 |
0.5 |
V745627 |
4.32 |
35.93 |
36.43 |
0.5 |
V745629 |
1.18 |
36.43 |
37 |
0.57 |
V745630 |
3.55 |
37 |
37.5 |
0.5 |
V745631 |
13.60 |
37.5 |
38.04 |
0.54 |
V745632 |
13.20 |
38.04 |
38.54 |
0.5 |
V745633 |
9.56 |
38.54 |
39.04 |
0.5 |
V745634 |
6.51 |
39.04 |
39.65 |
0.61 |
V745635 |
4.83 |
39.65 |
40.1 |
0.45 |
V745636 |
3.88 |
40.1 |
40.7 |
0.6 |
V745638 |
6.58 |
40.7 |
41.2 |
0.5 |
V745639 |
4.81 |
41.2 |
41.7 |
0.5 |
V745640 |
7.14 |
41.7 |
42.2 |
0.5 |
V745641 |
12.40 |
42.2 |
42.7 |
0.5 |
V745642 |
18.70 |
42.7 |
43.05 |
0.35 |
V745643 |
27.30 |
43.05 |
43.28 |
0.23 |
V745644 |
1.35 |
43.28 |
43.86 |
0.58 |
V745645 |
20.80 |
43.86 |
44.48 |
0.62 |
V745646 |
22.50 |
44.48 |
44.89 |
0.41 |
V745647 |
0.55 |
44.89 |
45.72 |
0.83 |
V745648 |
4.55 |
45.72 |
46.24 |
0.52 |
V745649 |
3.65 |
46.24 |
46.64 |
0.4 |
V745650 |
2.19 |
|
|
|
|
|
|
CL-20-03 |
From |
To |
Interval |
Sample ID |
Au ppm |
40.09 |
41.19 |
1.1 |
V745768 |
0.014 |
41.19 |
42.06 |
0.87 |
V745769 |
1.29 |
42.06 |
42.53 |
0.47 |
V745770 |
4.72 |
42.53 |
43 |
0.47 |
V745771 |
23.6 |
43 |
43.46 |
0.46 |
V745772 |
11.6 |
43.46 |
43.99 |
0.53 |
V745773 |
3.35 |
43.99 |
44.35 |
0.36 |
V745774 |
3.06 |
44.35 |
44.97 |
0.62 |
V745775 |
1.72 |
44.97 |
45.44 |
0.47 |
V745776 |
2.12 |
45.44 |
45.95 |
0.51 |
V745777 |
4.99 |
45.95 |
46.48 |
0.53 |
V745778 |
8.41 |
46.48 |
46.94 |
0.46 |
V745779 |
23.3 |
46.94 |
47.44 |
0.5 |
V745781 |
23.5 |
47.44 |
47.97 |
0.53 |
V745782 |
5.45 |
47.97 |
48.57 |
0.6 |
V745783 |
18.1 |
48.57 |
49 |
0.43 |
V745784 |
16.9 |
49 |
49.65 |
0.65 |
V745785 |
10.8 |
49.65 |
49.95 |
0.3 |
V745786 |
5.13 |
49.95 |
50.45 |
0.5 |
V745787 |
3.86 |
50.45 |
50.95 |
0.5 |
V745788 |
0.086 |
50.95 |
51.45 |
0.5 |
V745789 |
0.048 |
51.45 |
52.1 |
0.65 |
V745790 |
0.64 |
52.1 |
52.6 |
0.5 |
V745791 |
6.28 |
52.6 |
53.07 |
0.47 |
V745792 |
1.82 |
53.07 |
53.55 |
0.48 |
V745794 |
5.1 |
53.55 |
54.5 |
0.95 |
V745795 |
1.83 |
54.5 |
54.84 |
0.34 |
V745796 |
2.32 |
|
|
|
|
|
Fig. 1 Summer/Fall 2020
Drill Hole
Plan (white
lines)https://rovermetals.com/landingpages/cabinlake2020-5nr1.html
Fig. 2. Drill section
of hole CL-20-01 in relation to historic
86-28 (traces oblique to section 5m
envelope)https://rovermetals.com/landingpages/cabinlake2020-5nr1.html
Fig. 3. Drill section
of hole CL-20-03 in relation to historic
86-10 and
86-11https://rovermetals.com/landingpages/cabinlake2020-5nr1.html
CL-20-01: Core
boxes of
mineralized
intervals reported in this press release
indicating sample
locationshttps://rovermetals.com/landingpages/cabinlake2020-5nr1.html
Judson Culter, CEO at Rover Metals, states “our
technical team, including, Raul Sanabria, Dave White, and Lou
Covello, have done a wonderful job in defining the drill targets
for the Summer/Fall 2020 Cabin Lake Exploration Program. Raul
Sanabria’s interpretation of our 2018 GeoPhysics and GeoChemistry
results, as they relate to the historical exploration data, have
greatly assisted the Company in understanding the high-grade nature
of the gold hosted at Cabin Lake.”
November 2, 2020 Precious Metals Summit
Europe (Virtual)The Company will be discussing the
prelimiary results of the summer/fall 2020 exploration drill
program at its high-grade gold Cabin Lake project, NT, Canada, at
the upcoming 2020 Precious Metals Summit Europe (Virtual). Please
register for the virtual conference to book a one-on-one meeting
with the Company’s CEO.
Judson Culter, CEO at Rover Metals, states “The
2020 Precious Metals Summit Europe virtual booth will be hosted by
myself and Raul Sanabria, the Company’s Technical Advisor for the
recent drilling at Cabin Lake. We look forward to discussing the
Company’s interpretation of the drilling results from the first
holes as it relates to the historical gold mineral resource
estimate in the Cabin Lake Bugow zone.”
Technical information in this news release has
been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor
and shareholder of Rover Metals Corp. and a Qualified Person for
the purposes of National Instrument 43-101.
About Rover MetalsRover Metals
is a precious metals exploration company specialized in North
American precious metal resources, that is currently advancing the
gold potential of its existing projects.
You can follow Rover Metals 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: Judson Culter
Email: judson@rovermetals.com Phone: (604) 449-5347
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
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can be no assurance that such statements will 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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