Rover Releases Assays of First Drill Holes from Summer 2020 drilling at its Cabin Lake Gold Project, NWT Canada
Rover Releases Assays of First Drill Holes from Summer 2020 drilling at its
Cabin Lake Gold Project, NWT Canada
VANCOUVER, British Columbia, Oct. 26, 2020 -- 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 Program
Nine 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 86-11
https://rovermetals.com/landingpages/cabinlake2020-5nr1.html
CL-20-01: Core boxes of mineralized intervals reported in this press release indicating sample locations
https://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 Metals
Rover 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/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for 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: [email protected]
Phone: (604) 449-5347
Statement Regarding Forward-Looking Information
This 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 or implied by such forward-looking statements. Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or
"should" occur. There 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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS
RELEASE.