- Rover Metals (ROVR) has announced the start of its phase 2 exploration program at its 100 per cent owned Cabin Gold Project
- Its first batch of rush assays for diamond drill hole CL-21-10 is reporting an average grade of 5.71 g/t Au over 3.4 meters
- The current drill holes at the historic Beaver Zone are 400-meter step-out holes
- Core logging of new drill hole CL-21-13 has reported >30% sulphides, shearing, and quartz flooding
- Rover Metals, a precious metals exploration company
- Rover Metals Corp. (ROVR) is down 10.53 per cent, trading at C$0.085 per share at 10:15 am ET
Rover Metals (ROVR) has announced the start of its phase 2 exploration program at its 100 per cent owned Cabin Gold Project.
Rover has now received its first batch of rush assays for diamond drill hole CL-21-10 and is reporting an average grade of 5.71 g/t Au over 3.4 meters (true width).
The company is still waiting on assays for over 10 meters of hole CL-21-10. The reported grades are 90% higher than historic hole DDH-88-61 that was drilled at a similar location in the Beaver Zone in the 1980s.
Sample # | From | To | Interval (m) | Au g/t |
| V749219 | 45.6 | 45.9 | 0.3 | 22.4 |
| V749217 | 45.9 | 46.4 | 0.5 | 5.4 |
| V749221 | 46.4 | 46.7 | 0.3 | 8.33 |
| V749222 | 46.7 | 47.2 | 0.5 | 1.43 |
| V749223 | 47.2 | 47.7 | 0.5 | 0.42 |
| V749224 | 47.7 | 48.2 | 0.5 | 1.45 |
| V749225 | 48.2 | 49 | 0.8 | 7.3 |
The Beaver Zone
The current drill holes at the historic Beaver Zone are 400-meter step-out holes to the Arrow Zone (formerly the Cabin Lake Zone) that reported 32 meters of 13.6 g/t Au in Q4-2020, with >30% sulphides, resulting in the Arrow Zone ore shoot discovery. The preliminary results coming from the Beaver Zone show that high-grade gold continues to be associated with high sulphide values. The company is also pleased to announce that the core logging of new drill hole CL-21-13 (assays still at the lab) has reported >30% sulphides, shearing, and quartz flooding.
Judson Culter, CEO of Rover Metals commented on the program.
“The Phase 2 Exploration Drill Program was planned to target historic zones on the Cabin Gold property that carried sulphide-rich historic results. We’re very pleased that the preliminary results of our program at the historic Beaver Zone are proving that high sulfides continue to be associated with high-grade gold. The fact that we continue to increase the average gold grades across the property shows the exploration potential of the Cabin Gold Project.
Additionally, we’re reporting true width intercepts of 3.4 meters at hole CL-21-10 due to the angle of the sulphide intercepts. It’s still early in the program, and we remain very optimistic about defining an additional zone comparable to the Arrow Zone. The historic Andrew South Zone is also being targeted in this summer’s drill program.”
Rover Metals, a precious metals exploration company specialized in North American precious metal resources, is advancing the gold potential of its existing projects in the NWT.
Rover Metals Corp. (ROVR) is down 10.53 per cent, trading at C$0.085 per share at 10:15 am ET.