Rover Metals drill results intersect high-grade gold veins
at the Up Town Gold Project, Northwest Territories
October 4, 2017
Vancouver, British Columbia, Canada – Rover Metals Corp., “Rover”, is pleased to announce diamond drilling results from the Up Town Gold Project located near Yellowknife, NWT, Canada (Figure 1). The diamond drilling program confirmed previous known mineralized zones and has expanded these mineralized zones along strike and to depth. Gold assay highlights from the Rod Zone include 3.3 meters averaging 3.73 g/t Au (including 0.3 meters of 35.00 g/t Au) where drilling intersected Archean lode veins (Figures 2a, 2b). Highlights from the Fox South Zone include 7.1 meters averaging 0.62 g/t Au (including 0.3 meters of 5.12 g/t Au) where drilling intersected a number of shear zones (Figures 3a, 3b, 3c).
Judson Culter, CEO of Rover Metals, states “We have successfully intersected multiple high grade gold intercepts at the Rod Zone adjacent to and along strike of to the historic production open pit. We are pleased to announce the discovery of a new mineralized zone called the Rod West. In the Fox South Zone, we have confirmed and expanded the zone of mineralization by 200 meters to the south. Our surface prospecting and mapping program, currently in progress, will assist in understanding the complexity of the mineralized zones and increase our knowledge of potentially new mineralized structures. A full compilation of drilling, mapping and alteration zone studies will be used to help design future exploration programs. In addition, the Up Town Gold Property is ideally located to nearby infrastructure just 600 meters west of NWT Highway 4 (historically the Ingraham Trail) and six kilometers north from the Yellowknife city centre”.
Additional Up Town Gold Summer 2017 Exploration Program Highlights:
• Drilled 14 (NQ diameter) holes, total program drill length of 803 meters
• Confirmed Rod Zone high grade mineralization
• Discovery of a new zone, now identified as the Rod West, parallel and to the west of Rod Zone at a depth of 65 meters below surface
• Rod Zone remains open along strike to the North and to depth
• Extended Fox South Zone high grade gold mineralization to depth of 70 meters and 200 meters to the south (Figure 3a)
• Fox South remains open 150 meters to the south and 150 meters to the north. Total strike length is approximately 500 meters
• Currently conducting (as of the date hereof) a focused property prospecting and mapping program
Drilling at the Rod Zone (10 holes totaling 528 meters), confirmed historical results and delineated a new zone (Rod West). The historical Rod Main Zone mineralization was confirmed in five holes and intersected gold-bearing silicified zones with widths of 3.3 to 5.4 meters comprising 3.30 to 4.28 g/t Au. Highlights include:
• 3.3m @ average 3.73 g/t Au, including 0.3 m @ 35.00 g/t Au in hole ROD-17-007
• 3.4m @ average 3.30 g/t Au, including 0.3 m @ 32.60 g/t Au in hole ROD-17-008
• 5.4m @ average 4.28 g/t Au, including 0.9 m @ 22.10 g/t Au in hole ROD-17-002
Drill holes ROD-17-007 and ROD-17-008 were collared 10 meters along strike to the north of the historic production open pit. Gold mineralization in ROD-17-006 was intersected at 11 meters depth, ROD-17-007 at approximately 15 meters, and ROD-17 008 at 11 meters. Hole ROD-17-010, located 69 meters north of the historic pit, successfully intersected gold mineralization.
Drill hole Rod-17-001 intersected a mineralized shear structure parallel to the main zone at 87 meters (down hole). Rod-17-004 and Rod-17-005 intersected the same structure at 14.6 meters and 28.5 meters, respectively. This zone, named the Rod West, ties in with surface samples in the area. Highlights include:
• 0.6m @ 15.20 g/t Au in hole ROD-17-004
• 2.0m @ 1.08 g/t Au, including 1.0m @ 1.15 g/t Au in hole ROD-17-005
The Rod Zone drill results are presented below in Table 1:
Table 1: Rod Zone 2017 Drill Results above 0.30 g/t Au
The Fox South diamond drilling program was comprised of four drill holes totaling 275 meters. The purpose was to confirm the primary shear zone. These highlights include:
• 9.1m @ average 0.32 g/t Au, including 1.0 m @ 2.16 g/t Au in hole FS-17-002
• 7.1m @ average 0.62 g/t Au, including 0.3 m @ 5.12 g/t Au in hole FS-17-003
Drill hole FS-1-001 and FS-17-002 intersected the Fox South mineralized structure at approximately 15 meters vertical depth. Drill hole FS-17-003 and FS-17-004 extended the Fox South Zone subsurface mineralization 200 meters to the South.
The Fox South drill results are presented in Table 2 below:
Table 2: Fox South Zone 2017 Drill Results above 0.30 g/t Au
All depths and thicknesses are reported as apparent depths and thicknesses. Reported intervals have not been corrected for drill core orientation.
Rover collected 410 assay samples from the reported drilling program. Results ranged from below detection of <0.01 g/t Au to 35.00 g/t Au. Down hole surveying (Reflex Gyro) was completed on all diamond core drill holes. The technical team will continue to analyze the exploration program results and continue defining additional areas of mineralization.
David White, P.Geo, President of Aurora Geosciences Ltd. is the Qualified Person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects” who assumes responsibility for the technical disclosures in this press release.
As part of Rover’s QA/QC procedure, certified standards and blanks (from CDN Laboratories) were inserted into the sample stream as a check on laboratory QC. Drill core samples were cut by diamond saw at the Aurora Geosciences core facility in Yellowknife. A halved core sample was placed in the core box as permanent storage. The other half core was sampled and transported by Aurora Geosciences personnel in securely sealed bags to the ALS Chemex preparation laboratory in Yellowknife. After sample preparation, samples were shipped to the ALS Vancouver facility for gold and ICP analysis. Mineralized zones with intense alteration were further assayed on a 30 gram split by fire assay with a gravimetric finish. ALS is a certified and accredited laboratory.
ON BEHALF OF THE BOARD OF DIRECTORS OF ROVER METALS CORP.
Judson Culter | CEO
For further information on Rover Metals Corp., please contact Judson Culter at [email protected]
About Rover Metals Corp
Rover Metals Corp. is a private Canadian natural resource exploration company specialized in Canadian precious metal resources. www.rovermetals.com
About the Up Town Gold Property
The Up Town Gold Project contains small high-grade Archean lode gold prospects adjacent to the Giant Mine in Yellowknife, Northwest Territories. The property consists of 6 claims covering 3,227 hectares and borders the west side of the Giant Mine leases. The property centre is approximately 6 km north from downtown Yellowknife. The Up Town Gold Property is road accessible year round via the Ingraham Trail (Territorial Highway 4) which runs through the eastern portion of the claims. Historically, gold was discovered on the property in 1960 and two targets were explored intensively from 1963 to 1966. Small scale high grade mining was conducted at the Rod Vein in 1979. From 2011 to 2013, the property was re-staked, mapped, sampled, geophysically surveyed and drilled nine shallow (Winkie) drill holes into three of the targets. Silver Range Resources purchased the property in 2016 and in 2016 completed systematic property-wide lithogeochemical sampling, alteration mapping and airborne total magnetic field and radiometric surveys prior to optioning the property to Rover Metals.