- Rover Metals Corp. (ROVR) has received approval from the Toronto Venture Exchange for the Indian Mountain Lake (IML) option-purchase agreement, and the included milestone payments
- The IML VMS Project has had exploration dating back to the 1940s and has a historical resource spread across four zones on the project
- Further drilling is needed to bring them up to CIM Definition Standards
- Rover Metals is a junior mining company that is exclusive to the mining jurisdictions of Canada and the U.S
- Rover Metals Corp. was unchanged at C$0.02 at 12:01 PM ET
Rover Metals (ROVR) has received approval for the Indian Mountain Lake (IML) option-purchase agreement and the included milestone payment.
The IML VMS Project has had exploration dating back to the 1940s and has a historical resource spread across four zones on the project.
The BB Zone and Kennedy Lake Zone have a combined historic resource of 1,400,000 tons grading 10-per-cent combined zinc and lead with 3.5 OPT (ounces per ton) of silver.
Approximately 900 metres west of the BB Zone, the Kennedy Lake West Zone has a historic resource of 610,000 tons grading 1.15 per cent copper.
About 8 km southeast of the BB Zone, the Susu Lake Zone has a historical resource consisting of 142,500 tons grading 0.95 per cent copper.
The property is located approximately 195 km east-northeast of Yellowknife, NT, off the eastern arm of Great Slave Lake.
Future Government of Canada’s federally-funded hydro-energy infrastructure could come close to the project if the Taltson Hydro Dam expansion proceeds through the eastern arm of Great Slave Lake into Yellowknife.
These resources are historic in nature. Further drilling is needed to bring them up to CIM Definition Standards.
“Zinc and copper, along with lithium, are the future and fundamental to the growth of our company, but we’re not abandoning our precious metals roots,” Judson Culter, CEO at Rover Metals, states
Rover Metals is a junior mining company that is exclusive to the mining jurisdictions of Canada and the U.S.
Rover Metals Corp. was unchanged at C$0.02 at 12:01 PM ET.