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Rover Metals Prepares Cabin Lake Gold Project for Sale
VANCOUVER, BC / ACCESSWIRE / December 11, 2023 / Rover Metals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:...
About this update from Stockworks Gold Inc.
[{"type":"text","content":"Rover Metals Prepares Cabin Lake Gold Project for SaleVANCOUVER, BC / ACCESSWIRE / December 11, 2023 / Rover Metals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) (\"Rover\" or the \"Company\") is pleased to announce that the NI 43-101 Technical Report for the Cabin Lake Gold project (the \"Cabin Technical Report\") near to Yellowknife, NT, Canada, is nearing completion. The Company is incorporating three years of exploration data and drill programs (from 2020 to 2022) into the Cabin Technical Report. The Company anticipates that the report will be available the in the middle of Q1-2024.Cabin Lake Gold ProjectOn November 24, 2020, the Company reported multiple high-grade gold drill intercepts. Highlights of this release included drill results from the Arrow Zone at Cabin Lake of:Hole IDFromToLengthAu g/t (weighted)CL-20-0817.5m49.4m31.9m13.66 g/t AuCL-20-0124.6m46.6m22.0m7.94 g/t AuCL-20-0341.2m54.8m13.7m6.97 g/t AuCL-20-0613.1m20.5m7.49m7.55 g/t AuFor a full copy of the release click on the link above.In 2021, the Company performed extensive geophysical exploration programs including LiDAR and regional airborne magnetic surveys, as well as detailed ground IP geophysics work that identified multiple sulphide anomalies along the Bugow Iron Formation that still have not been drilled. The Bugow Iron Formation at Cabin Lake is over 15km in surface length, and is considered to structurally control the gold at the project across multiple reported zones (the Arrow Zone, the Beaver Zone, and the Andrew Zone). Comparabes for the project are the historic Lupin Gold mine, as well as the Back River gold project in Nunavut, Canada.Yellowknife, NT, CanadaThe Yellowknife area of Canada is a proven mining district hosting an endowment of precious metals, diamonds, critical minerals such as lithium and cobalt, as well as several rare earth elements. Late-stage brownfields exploration projects in the area promise to bring new infrastructure and investment to the area aided by the Government of Canada's $1.5B Critical Minerals Infrastructure Fund. Fortune Minerals' NICO cobalt-gold-copper-bismuth project is a recent recipient of this federal government funding. The Cabin Lake Gold project is located approximately 40km from the NICO project. Other regional junior mining companies are likely to receive federal government funding in 2024. Lithium pegmatite ...