- Rover Metals (ROVR) is hoping to brave the icy roads of the Northwest Territories to reach its Cabin Lake Gold Property
- The company has submitted a permit application to access the ice road, which would conjoin Highway Three at the nearby town of Behchoko
- If the permit is approved, it will materially reduce Rover’s future exploration costs at the property and allow access for heavier and cheaper equipment
- In similar news, Rover’s other road venture, the “Tłı̨chǫ All-Season Road Project” remains under construction, and is expected to be open to the public by fall 2021
- Rover Metals is up 15.79 per cent and is trading at 11 cents per share
Rover Metals (ROVR) is hoping to brave the icy roads of the Northwest Territories to reach its Cabin Lake Gold Property.
The company has submitted a permit application to access the road, which would conjoin highway three at the nearby town of Behchoko.
If the permit is approved, it will materially reduce Rover’s future exploration costs at the property and allow access for heavier and cheaper equipment.
In similar news, Rover’s other road venture, the “Tłı̨chǫ All-Season Road Project” (TASR) remains under construction. The road, which began construction back in 2019, will stretch 97 kilometres and connect to the nearby Community of Whatı̀. The TASR is expected to become open to the public by fall of this year.
Judson Culter, CEO at Rover, commented on the company’s upcoming road plans.
“TASR opens up access to the Cabin Lake Group of Gold Properties and will help to reduce future exploration costs in the area. The timing of TASR’s completion (Fall 2021) is complemental to the timing of Rover’s exploration plans in the area. Specifically, the Slemon Lake, and Camp Lake Gold Properties will benefit from increased accessibility,” he said.
In tandem with the road developments, Rover is continuing its feasibility study for the expansion of the properties’ Taltson Hydro facility, which will be upgraded with the help of around $18 million federal funding.
“An upgrade to the North Slave hydro facility could create excess hydro power at the Strutt Lake hydro facility, which is nearby to the Cabin Lake Group of Gold Properties,” Judson added.
Rover Metals is up 15.79 per cent and is trading at 11 cents per share at 1:22pm EST.