News
Rover Metals drills 6.4 m of 4.63 g/t Au at Cabin
2021-12-07 11:09 ET - News Release
Mr. Judson Culter reports
ROVER METALS ANNOUNCES INFILL AND DELINEATION OF THE HISTORIC BEAVER ZONE, AT CABIN GOLD, NT, CANADA
Rover Metals Corp. has provided an update on its phase 2 exploration program at its 100-per-cent-owned Cabin gold project, the Northwest Territories, 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 metres 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-metre high-grade ore shoot, open at depth. The Beaver zone, currently defined as approximately 90 metres in near-surface length, is showing potential to extend southeast into the high-grade Arrow zone, as well as being open to the northwest and at depth.
Beaver zone expansion
The company is reporting multiple near-surface intercepts of economic gold grades at the Beaver zone. Highlights of phase 2 drilling include new drill hole CL-21-10 which reported 6.4 metres of 4.63 grams per tonne (g/t) gold (Au) (from 42.6 metres (m) to 49.0 m), including 2.6 metres of 7.80 g/t Au; new drill hole CL-21-15 which reported 5.8 metres of 2.13 g/t Au (from 50.0 m to 55.8 m); new drill hole CL-21-39 which reported 4.6 metres of 2.21 g/t Au (from 11.0 m to 15.6 m); and new drill hole CL-21-40 which reported 4.5 metres of 0.84 g/t Au (from 13.8 m to 18.3 m). The results, both confirm and expand upon, historical drilling at Beaver in the 1980s and have returned higher grades than historical results.
The company's working hypothesis is that there is a conceptual ore shoot at Beaver trending and dipping to the northwest in a similar fashion and direction as the Arrow zone, which lies 400 metres to the southeast of Beaver. The company commenced an IP (induced polarization) ground survey on Nov. 28, 2021, across the Beaver and Arrow zones to assist in 3-D (three-dimensional) modelling of the gold mineralization for the delineation of the phase 3 drill targets for Q1 2022.
Judson Culter, chief executive officer at Rover Metals, states: "We are very pleased to have the workings of a new medium- to high-grade ore shoot at Beaver. The goal of the phase 2 program at Cabin was to open-up the 15 km [kilometres] of near-surface iron formation at the project and to delineate additional zones for a deeper phase 3 drill program in Q1 2022. We believe that, in addition to our success in the Beaver zone, we are poised for significant expansion of gold mineralization at the historic Andrew zone as well. Based on the initial sampling results received from the Andrew zone, we have sent more samples to the lab as we believe the mineralized intervals are longer than what initially sampled in the field at the start of the program. A map of the Bugow iron formation, showing the current understanding and interpretation of the delineated zones, as well as new 2021 IP anomaly discoveries, can be found below."
About Rover Metals Corp.
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 (60th parallel). The company commenced phase 2 exploration at its 100-per-cent-owned Cabin gold project in the summer of 2021 and phase 2 exploration work continues at Cabin gold through to the date of this release.
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