THOUGHTS -MD & A - 2022 ( why not press this info - burried in MD&A )
Bugow Iron Formation, which is over 15 km in surface strike length, was the target for the summer drilling. The Company was successful in delineating two new gold bearing zones from historic areas at the project. The Beaver Zone is approximately 100 meters in surface strike length, and is located just north of the Arrow Zone, along the primary limb of the Bugow Iron Formation.
The Company also defined the Andrew Zone, located along the eastern limb of the Bugow Iron Formation. The Andrew Zone has a surface strike length of approximately 800 meters. Both the Beaver Zone and Andrew Zone remain open at depth.
The Company was able to more than double the historic gold grades reported at these two historic targets.
The Cabin Gold project now as three defined mineralized zones at surface (Arrow, Beaver, and Andrew) resulting in a combined surface strike length of over 1,000 meters.
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Sounds like - beaver + andrew = were doubled in gold onces.
Nothing about - cabin.
All three are now called - ARROW -
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AUG 16 - 2022
Management of the Company also remain committed to the further development of its gold projects, and hope to be able to provide a news release about the Cabin Gold Project in the coming weeks.”
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Appears.... Indian Lake took presidence over, Arrow resource size.
Indian Lake - does it not have a 4 year agreement ?
Why only the - 1st year - outlined ?
What are the other 3 years costing ?
Seems.... they have money for - Indian Lake.....
I wouldn't buy the excuse no money for, assaying - Arrow.
Which reminds me... weren't drill holes - 29, 30 , pending -
Key drill holes that - TIE IN - the entire 800m strike ?
And of course.... found more gold outsdie of, sulphides. ( lol )
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Been 4 weeks since the press saying they's update us on, ARROW.
I WOULD HOPE TO SEE -
- Middle zone 2 hole - intercepts
- gold outside of sulphides
- resource calculation for the entire - 1000m
- report on - metallurgy and update on, ores sent to fortune.
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Filing info on project in MD&A
News that applies to advancment such as, confirming strike zone - or - doubling size of resouece in 2 zones - or delayed middle zone assays, should've been in press.
If this sort of news were in press - would we be at this price point ?
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Dolly Varden ?
Nah... didn't need the past to understand the scope of things.
Thousand words.
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What i would like to see ?
Resource calc on gold ounces.
Sell the ounces - near surface resource - command top dollar - cash up -
Sell gold to - Fortune or Night Hawk.
Let them figure it out - with the roads...
Rover - off to new project.
Begin reassaying Indian Lake cores.
Cheaper.
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Now didn't Rover state - Sept 14 2022 - two notable miners -
Osisko Metals is gearing up to reopen the Pine Point Zinc-Lead Mine. At nearby Hay River, NT, there is a rail line to the Teck Resources Zinc Refinery in Trail, BC.
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NOW THE HARD PART -
ASCERTAINING THE - MD&A - WITH HISTORICALS OZ's
HISTORICALS
South Fold Limb- 100,000 toones @ .30 ounces
North Limb of Fold Bugow zone - 43,000 tonnes @ 4.39 grams
Andrew North - 18,100 tonnes @ 7.89 grams
Trick here is....
understanding each zone and knowing what was grouped into - ARROW
Cabin - Beaver - Andrew north - Andrew South - Camp, Slemon.
Freeport McMoran - also perfromed 5,000 m ( was this up at - slemon or camp ? )
Aber Resources - performed 10,000,
Slemon + Camp - we never spoken in press that they drilled them.
In my opinion - important claims.
Historical reports show - decent values of - mineral(s) in this region.
One Rover Photo - shows them in - low lands - drilling - off the main outcrop fold -
In one diagram - Beaver zone - shows itself aside of, Cabin.
In another written report it mentions it - north of Andrew...?
HISTORICAL -
Three historic resources are reported on the property in the NWT Minerals Database (NORMIN 085OSW0001). On the south limb of the fold, Aber Resources Ltd. reported a resource of 100,000 tons at 0.30 ounces per ton gold in their annual report while on the north limb of the fold, Energy Mines and Resource Canada Mineral Bulletin MR223 records a mineral inventory of 43,900 tonnes at 4.39 grams per tonne gold in the Bugow Zone and 18,100 tonnes grading 7.89 grams per tonne gold in the Andrew North Zone. The reader is cautioned that these resources are historic in nature, do not comply with National Instrument 43-101 and have not been verified by Rover Metals.
Rover Metals also owns 100% interests in both the Slemon Lake and Camp Lake projects which are located approximately 10 km and 20 km away, respectively, from the Cabin Lake Property.
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Sell it....Have Fortune incorporate the resource.
Move to next project - cashed up.
Or.... hang onto it it - and perform some serious reassaying.
lol
Cheers....