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Rover Metals Corp. (OTCQB: ROVMF) has finalized the assignment agreement for the Up Town Gold Project in the Northwest Territories, Canada. As part of the agreement, Rover will maintain a 25% interest, while Melius Capital Corp. can earn a 75% stake. Melius is pursuing a public listing on the Canadian Securities Exchange in Q3-2021. Upcoming summer exploration will include airborne geophysics and LiDAR mapping. Rover continues to strengthen its position in precious metals exploration across North America, supported by recent rebranding efforts.
Rover Metals Corp. (OTCQB: ROVMF) announces its Phase 2 Exploration Program at the 100% owned Cabin Lake Gold Project in Canada, following a successful Phase 1 that confirmed a high-grade gold ore shoot. Phase 2 will focus on testing targets at the Beaver and Andrew South Zones, with initial work starting in June 2021. Historical data indicates promising gold mineralization potential in these areas, with significant concentrations of pyrite. Crew camp construction is set to begin around May 15, 2021. CEO Judson Culter highlighted the importance of LiDAR technology in pinpointing drill locations.
Rover Metals Corp. (ROVMF) has secured an amendment to its exploration land use permit for the Cabin Lake Gold Property, allowing winter road access, which will significantly reduce exploration costs by 35%. This access is approved until July 19, 2023, with a potential two-year extension. The company plans to mobilize its drilling equipment and commence exploration in early March 2021. Previous drilling at the site reported high-grade gold intercepts, and Rover aims to confirm and expand these historical resources. The upcoming drilling will focus on the ore shoot and other promising targets.
Rover Metals Corp. (TSXV: ROVR, OTCQB: ROVMF) announced the completion of its Fall 2020 drilling program at the Cabin Lake gold project. The program included nine diamond drill holes, successfully intersecting high-gold value zones in the Bugow iron formation. Notably, hole CL-20-08 exhibited over 40% sulfide content along significant intervals. The company plans to release assay results for the first three holes next week, with remaining assays expected in early November. Additionally, Rover will present its findings at the New Orleans Investor Conference on October 14, 2020.
Rover Metals Corp. (OTCQB: ROVMF) announced an update on its drilling at the Cabin Lake gold project as of October 2, 2020, completing 550 meters of diamond core drilling across seven holes. The drilling aims to confirm high-grade gold mineralization, with six holes intersecting historic gold mineralized zones. The company plans further drilling to explore additional areas. Additionally, Rover Metals seeks approval for a common shares for services agreement with Robert Schafer for advisory services, pending TSXV approval.