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VANCOUVER, Sept. 24, 2018 /CNW/ - Rover Metals Corp. (TSXV: ROVR) ("Rover Metals" or the "Company") is pleased to announce the successful completion of the first phase of its fall-2018 exploration program on its 100% owned Cabin Lake property. Phase one of the exploration was comprised of a Unmanned Aerial Survey ("UAS") Supported Total Field Magnetic Survey, a geochemical survey program and reconnaissance mapping of historical occurrences for data verification.
The Total Field Magnetic UAS covered the entirety of the property for a total of 102 line-kilometers of collected data. Survey lines were placed at 25m and 50m spacings and readings were taken at one second intervals. The survey has proven to be very effective in delineating the Bugow Iron Formation and multiple other anomalous zones similar in kind to the known gold bearing zones tested by previous explorers with much higher resolution than in previous campaigns.
Judson Culter, CEO at Rover Metals, states "this is the first time in approximately 30 years that modern geophysical instruments and technology has been used on the historic Cabin Lake property. The anomalies returned by the Total Field Magnetic UAS support and enhance the gold exploration model prepared by our technical team. The Total Field Magnetic UAS also provided real-time support and planning for the second phase of our fall-2018 exploration program – the geochemical survey."
Rover Metals is also pleased to announce that the its geochemical survey which commenced on September 20, 2018 has now been completed. The geochemical survey covered an area of approximately 1.5km x 1km in the Southeastern part of the property at close sample spacing (25m between samples within lines 50m apart from each other in a North-South line orientation) for a total of 485 sampled stations. The geo physical survey is bounded at the western side by the known Cabin Lake, Beaver and Camp gold zones east (Andrew South zone) covering an area of high density of NE-SW lineaments/faults/shear zones and their intersection by repetition of folding of the Bugow Iron Formation, host of the Cabin Lake Gold zone and other gold zones within the property. Structural reconnaissance and surface outcrop mapping was done concurrently to the geochemical survey to expand the overall understanding on the structures controlling gold mineralization.
Aurora Geosciences Ltd. from Yellowknife, NT, was commissioned to perform the geophysical and geochemical work.
Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., VP, Exploration Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101.
Rover Metals is a natural resource exploration company specialized in Canadian precious metal resources and is currently focused on the Northwest Territories of Canada, one of the most mining friendly jurisdictions in North America.
ON BEHALF OF THE BOARD OF DIRECTORS
Judson Culter Chief Executive Officer and Director
Statement Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover's expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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SOURCE Rover Metals Corp.
For further information: Judson Culter, Email: [email protected], Phone: (604) 449-5347