Rover Metals Announces Acquisition of Tobin Gold Project, Winnemucca, NV, USA
February 24 2022 - 9:00AM
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF)
(FRA:4XO) (“
Rover” or the
“
Company”) is pleased to announce its acquisition
of the Tobin Gold Project situated in the Mt. Tobin range, in
northern Nevada. The Tobin Project is located 77 km by road south
of the city of Winnemucca, NV, and is in the heart of a rich gold
jurisdiction that has seen major consolidation in the past 24
months.
Tobin Gold ProjectRover has
acquired a 100% interest in the Tobin Gold Project (“Tobin”) which
is comprised of 68 claims within BLM land, for a total of 1,405
acres (or 569 hectares). Tobin is a Carlin-style gold system set in
Mesozoic rocks. The project is located about 40 km from the
operating Phoenix Gold Mine, which is owned by Nevada Gold Mines, a
joint venture between Newmont and Barrick. Tobin is also located
about 60 km from i-80 Gold’s Lone Tree Gold Mine, 50 kms from SSR’s
Marigold Mine and is in close proximity to other proven gold
deposits owned by i-80 Gold, SSR Mining, and Kinross. See property
map below for more details.
The property sits in the historical Mt. Tobin
mercury district within an area of widespread silicification and
banded chalcedony veins over an area of several square kilometers.
Both structural and stratabound jasperoids are present in the
adjoining Triassic and Paleozoic carbonate and fine-grained clastic
sediments along the range-front structure as well as higher in the
range. The prospect area was identified during a BLEG stream
sediment sampling program. Follow up rock chip sampling along and
above the range front confirmed that there are multiple structures
carrying mineralization. Gold values run as high as 2.3 g/t Au,
with many samples having gold content between 200 ppb Au and 1000
ppb Au. Pathfinder elements run as high as 200 ppm Sb, 1100 ppm As
and 29 ppm Hg. Mineralization at the Tobin Project appears to be
localized along two subparallel trends. The first is the
range-front fault, and the second is structural zone located
several tens of meters above the valley that trends somewhat
obliquely to the range-front. To date, the better mineralized rocks
were largely collected from this second structure located higher on
the mountain front.
Proximity Map - Tobin Gold Project
Judson Culter, CEO at Rover Metals, states, “The
Tobin Gold Project is our first reverse circulation (“RC”) drilling
project in our first low-cost exploration jurisdiction. Our
portfolio of gold projects is now complete. We now have the perfect
summer/fall project in Tobin, to offset our northern Canadian gold
projects, which are typically best explored in the winter
months.”
About Rover MetalsRover 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 (60th parallel). The Company completed Phase 2 Exploration
at its 100% owned Cabin Gold Project (“Cabin”) in 2021. The
Company’s secondary asset, the Up Town Gold Project (for which it
retains a 25% ownership interest), also saw the completion of Phase
2 Exploration Drilling in Q4-2021, and the results are expected in
Q1-2022. The Company anticipates commencing its Phase 3 Exploration
Program at Cabin in March of this year.
You can follow Rover on its social media
channels:Twitter: https://twitter.com/rovermetalsLinkedIn:
https://www.linkedin.com/company/rover-metals/Facebook:
https://www.facebook.com/RoverMetals/for daily company updates and
industry news, andYouTube:
https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor
corporate videos.Website:
https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF
DIRECTORS “Judson Culter” Chief Executive Officer and
Director
For further information, please contact: Email:
info@rovermetals.com Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking
InformationThis news release contains statements that
constitute "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause Rover's actual results, performance or
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can be no assurance that such statements prove to be accurate.
Actual results and future events could differ materially from those
anticipated in such statements, and readers are cautioned not to
place undue reliance on these forward-looking statements. Any
factor could cause actual results to differ materially from Rover’s
expectations. Rover undertakes no obligation to update these
forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION
CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE
COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE
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LAWS.
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