Rover Metals announces a US$100,000 government exploration grant for the Cabin Gold project in the Northern Territory of Canada

2021-12-14 23:25:30 By : Ms. Wendy Zhu

Vancouver, British Columbia, December 14, 2021 (Global News Agency)-Rover Metal Company (TSX: ROVR) (OTC: ROVMF) (FRA: 4X0) ("Rover" or The “Company”) is pleased to announce that it has received a US$100,000 exploration grant from the Northwest Territories Government’s Mining Incentive Program (“MIP”) for its Cabin Gold project in the Northern Territory of Canada. MIP received additional 2021 funding from the Canadian Northern Economic Development Agency (CanNor) in accordance with its responsibilities to ensure that the exploration and development of mineral resources in the north continues to flourish.

About the Cabin Gold Project In September 2020, Rover launched the first exploration drilling program in the long-established Cabin Gold Project. The exploration plan includes the confirmation and expansion of the historic interception of high-grade gold drilling in the "arrow area" of the historic Bugow Iron Group. The Bugow iron layer is the controlling structure for the gold mineralization of the property, with a length of more than 15 kilometers. On November 24, 2020, the company reported the 32-meter continuous gold intersection from the Arrow Zone, with an average of 13.6 grams per ton of gold. Rover's 2020 expansion drilling included the discovery of what it believes to be a major gold-bearing mining area in the Arrow District. The Arrow Zone remains open deep below Cabin Lake and can only be extended drilling in winter. Rover's 2020 drilling plan is the first step to confirm and expand the historic 100,000-ton 0.30 oz/ton Au* historical resource estimate, which was reported for the arrow zone to achieve a mineral resource estimate that complies with NI 43-101. The expansion of Arrow Zone drilling will begin in the first quarter of 2022.

In July 2021, Rover began the second phase of the exploration program for the Cabin Gold project. The goal of the second phase of the exploration plan is to discover and define new near-surface gold-bearing areas along the Bugow iron layer. The company released on December 6, 2021, delineating a second medium-to-high grade area in the Beaver Zone. Highlights include 6.4 meters of 4.63 g/t Au (from 42.6m to 49.0m), including 2.6 meters of 7.80 g/t Au Tons of gold. The expansion of Beaver Zone drilling will begin in the first quarter of 2022.

(*) According to section 2.4 of NI 43-101, Aber Resources Ltd. reported a mineral inventory of 100,000 tons (compared to the current CIM-defined standard mineral resource category), with 0.30 ounces per ton of gold in Cabin Lake Gold in 1986 In the 1987 and 1987 annual reports, the area of ​​the North Wing of the Bugow OSJD was folded. The parameters used for resource calculation are unknown. These results are related to the delineation of a larger gold mineralization zone in the Cabin Lake Gold Zone, but further drilling is required to make the mineral inventory meet the CIM definition standard. Readers are reminded that qualified personnel have not done enough work to classify historical estimates as current mineral resources, and Rover Metals does not consider historical estimates as current mineral resources.

Judson Culter, CEO of Rover Metals, said: “The addition of US$100,000 to our working capital lays the foundation for our success in the first quarter of 2022 as we focus on expanding in the highest grade gold mining area of ​​the Cabin Gold project. Drilling. Getting such a tailwind from the government really makes us excited about the future of this project."

The technical information in this press release has been approved by David White, a Rover technical consultant and National Instruments 43-101 qualified personnel.

About Rover Metals Rover is a precious metal exploration company specializing in precious metal resources in North America. It is currently developing the gold potential of its existing projects in Northwestern Canada (parallel 60 degrees). The company began the second phase of exploration for its 100% owned Cabin Gold project in the summer of 2021, and the second phase of exploration work in Cabin Gold continued until the date of this press release.

You can follow Rover on its social media channels: Twitter: https://twitter.com/rovermetals LinkedIn: https://www.linkedin.com/company/rover-metals/ Facebook: https://www.facebook. com /RoverMetals/ Company daily updates and industry news, YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber Company video. Website: https://www.rovermetals.com/

On behalf of the board of directors "Judson Culter" CEO and director

For more information, please contact: Email: info@rovermetals.com Tel: +1 (778) 754-2617

Statement Regarding Forward-Looking Information This press release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may lead to Rover’s actual results, performance or achievements or industry developments and the expected results, performance or achievements expressed or implied by such forward-looking statements There is a significant difference statement. Forward-looking statements are statements that are not historical facts, usually but not always composed of "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potentials" and similar Expressions, or events or conditions that “will”, “will”, “may”, “may” or “should” occur. There is no guarantee that such statements will prove to be accurate. Actual results and future events may differ from those in such statements There are material differences in the expectations of the company, readers are requested not to rely too much on these forward-looking statements. Any factor may cause the actual results to be materially different from Rover’s expectations. If the management’s beliefs, estimates or opinions or other factors change, Rover does not undertake to update These forward-looking statements are obligated.

The forward-looking information contained in this press release represents the company’s expectations on the date of this press release, and therefore, may change after that date. Readers should not place too much emphasis on forward-looking information, nor should they rely on this information on any other date. Although the company may choose, it does not promise to update this information at any particular time, except as required by applicable laws.

Neither TSX VENTURE EXCHANGE nor its regulatory providers (this term is defined in the policies of TSX VENTURE EXCHANGE) are not responsible for the adequacy of this release.

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