Rover Metals Corp. announces results from its September 2018 soil geochemistry survey at its Cabin Lake Gold Project
Rover Metals Corp. announces results from its
September 2018 soil geochemistry survey at
its Cabin Lake Gold Project
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VANCOUVER
,
Oct. 29, 2018
/CNW/ -
Rover Metals Corp. (TSXV: ROVR)
("
Rover Metals
" or the
"
Company
") is pleased to announce results of its soil geochemical survey on its 100% owned Cabin
Lake Gold Project, NT,
Canada
.
Cabin Lake GeoChemistry (CNW Group/Rover Metals Corp.)
Rover Metals' Fall 2018 Exploration Program at its Cabin Lake Gold Project has focused on
revisiting the historic gold zone occurrences over the gold-rich iron formation to better understand
the system, geology, structure and mineralization. The Fall 2018 Exploration Program has combined
a detailed Total Magnetic Field UAS Survey with a Soil Geochemistry Survey. The second phase of
the Cabin Lake Gold Project exploration program will consist of diamond drilling scheduled for the
upcoming winter months.
The results from the Geochemical Survey, even at the ultra-trace level, reveal strong coincident gold
anomalies around and on known historic gold mineralization areas, particularly over the Camp and
Andrew South Zones. The survey also shows a new additional well-defined anomalous zone in the
south-east zone of the property.
The interpretation of the results from field reconnaissance, the magnetic survey and the preliminary
soil sampling analysis supports the hypothesis of a gold bearing system in the form of a shear
corridor intersecting a series of folded iron formations, with gold preferentially being deposited within
sulphidized sections of the iron formations in such zones. Rover Metals' interpretation supported by
the new gold in-soil anomalies, also supports the hypothesis that there is a much more extensive
gold system than initially discovered by Aber Resources' historic exploration drilling in the late 1980's
which only focused on one folded section of the Bugow Iron Formation. Rover Metals has identified
repetitive targets within these northeast-southeast shear corridors. The Company believes the Cabin
Lake system is similar in kind and style to the historic Lupin Gold Mine in
Nunavut, Canada
, and to
some extent to the Musselwhite Gold Mine in
Ontario, Canada
.
Keith Minty
, President of Rover Metals, states
"We just tested our initial thesis on the shear
zones and Iron Formation intersections within the Cabin Lake property and the correlations exceed
our expectations in defining a new gold anomaly in a previously untested area. We are continuing
to analyse the data from Fall 2018 Exploration Program. In the future, we plan to use the same
geochemistry testing protocols on the remaining areas of the Cabin Lake Group Project (i.e.
inclusive of the Camp Lake and
Slemon Lake
claims) to identify and further expand the known
gold anomalies."
About the Geochemistry Survey
The program consisted of 485 samples covering an area of approximately 1,150 meters x 600
meters (69 hectares) following lines north-south oriented and spaced 50 meters between each
other. Sample stations were placed every 25 meters within the lines. Samples were taken using
auger tools below the topsoil wherever possible. Even though the region is known to be locally
covered with glacial till, the surveyed area was selected by its outcrop exposures on known
mineralized zones for comparison and reference over other possible zones within the property
boundaries.
The Geochemistry Survey also reveal coincident anomalies of pathfinder elements to this style of
gold mineralization such as Arsenic, Sulphur (%) and Copper on top of the magnetic anomalies
following the Bugow Iron formation.
Aurora Geosciences Ltd. from
Yellowknife, NT
,
Canada
, was commissioned to perform the
geophysical and geochemical work. Soil samples were collected under the direct supervision of
Raul
Sanabria
, P.Geo,, VP of Exploration at Rover Metals and Company project QP, following a tight
chain of custody from the collection site to ALS preparation facility in
Yellowknife, NT
. Assays were
performed at ALS Laboratories in
Vancouver, British Columbia
. Certified blank and standard
samples were inserted at regular batch intervals for accuracy and verification.
Technical information in this news release has been approved by
Raul Sanabria
, M.Sc., P.Geo., VP
of Exploration at Rover Metals Corp. and a Qualified Person for the purposes of National Instrument
43-101.
About Rover Metals
Rover Metals is a natural resource exploration company specialized in Canadian precious
metal resources that is currently focused on the
Northwest Territories
of
Canada
, one of the
most mining friendly jurisdictions in
North America
.
ON BEHALF OF THE BOARD OF DIRECTORS
"Judson Culter"
Chief Executive Officer and Director
Statement Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking statements." Such forward-
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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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SOURCE
Rover Metals Corp.
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For further information:
please contact: Judson Culter, Email: [email protected], Phone:
(604) 449-5347
CO: Rover Metals Corp.
CNW 15:06e 29-OCT-18