Rover Announces Drill Targets for Phase 2 Exploration at Cabin Lake Gold Project, NT, Canada
VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE: 4XO) (“Rover” or the “Company”)
is pleased to announce its Phase 2 Exploration Program for its 100% owned Cabin Lake Gold Project, NT, Canada.
Recap of the 2020 Phase 1 Exploration at Cabin Lake
The 2020 Phase 1 Exploration Program was the initial step towards confirming and expanding upon the historic resource gold estimate for Cabin Lake to a NI 43-101 compliant mineral resource estimate. The program was also a stepping-stone to advancing the Company’s new exploration strategy for the property. There are several historic zones (see Phase 2 below) on the Cabin Lake Property, and Phase 1 drilling focussed on the singular Cabin Lake Zone. On November 24, 2020, the Company reported its discovery of a high-grade gold ore shoot at the Cabin Lake Zone, that extends 140 meters at surface and is open at depth. Highlights of the November 24, 2020, news release includes drill hole CL-20-08 which reported 31.9 meters of continuous high grade gold mineralization averaging 13.66 g/t Au.
Phase 2 Exploration Targets for Cabin Lake
Following the successful results of the 2020 exploration program at the singular Cabin Lake Gold Zone, Rover is planning a Phase 2 Exploration Program that will focus on testing new targets at the historical Beaver and Andrew South Zones. The exploration season is anticipated to start early June 2021, starting with LiDAR imagery and DEM studies covering the entire Cabin Lake property, including the historic Slemon and Camp Lake gold projects which are an extension of the project land package to the northwest. Crew camp construction is scheduled to start on or around May 15th, 2021.
Detailed inspection and analysis of the 2020 drill core in Q1-2021 has revealed the direct relationship between fine-grained primary semi-massive pyrite mineralization with the gold distribution. In reviewing the historic drill database, a geological exploration model for 2021 has been developed targeting zones of high fine-grained pyrite content described in the 1985 to 1991 drill logs. Two zones, historically named the Beaver Zone and Andrew South Zone, have been identified as the most favorable in terms of: (1) sulfide content (>30% pyrite); and (2) historically reported gold assays in the same pyrite-rich intervals. Follow-up drilling is needed in these zones as the historic drilling was done with small BQ sized drill core and was limited to a few surface holes. Rover will be recovering larger NQ sized core to provide a better, more representative sample.