- Rover Metals Corp. (ROVR) begins its Phase 3 exploration drilling program at the Cabin Gold Project
- The company will be targeting the Arrow Zone and the Beaver Zone
- Rover Metals has closed the first tranche of non-brokered placement of units and flow-through shares for gross proceeds of $1,180,510
- Proceeds from the first tranche will be used to finance Phase 3 drilling at Cabin Gold
- Rover Metals Corp. (ROVR) is unchanged and is trading at $0.04 per share as of 12:27 p.m. ET
Rover Metals Corp. (ROVR) has commenced its Phase 3 drilling program at the Cabin Gold Project in the Northwest Territories.
The company will be targeting the Arrow Zone and the Beaver Zone during the program, which was the focus of the previous Phase 1 and Phase 2 programs.
Rover Metals has confirmed and expanded the historical results reported at the Arrow Zone.
The company is planning to drill a minimum of seven drill holes, averaging approximately 150 metres per hole at Arrow.
In 2021 the company reported on the historic Beaver Zone which resulted in more than double the historic gold grades reported at the zone.
In other news, Rover Metals has closed the first tranche of non-brokered placement of units and flow-through shares for gross proceeds of $1,180,510.
During the first tranche, the company issued $1,044,000 worth of units and $136,510 worth of flow-through shares.
Proceeds from the first tranche will be used to finance Phase 3 drilling at the Cabin Gold Project.
Rover Metals Corp. (ROVR) is unchanged and is trading at $0.04 per share as of 12:27 p.m. ET.
