Rover Metals announces start of Phase 1 exploration at
VANCOUVER, British Columbia, May 03, 2022 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE: 4XO) (“Vagabond“or the”Company”) is pleased to announce the start of its Phase 1 exploration program at its wholly owned Tobin Gold Project, Winnemucca, NV, USA. Rover has engaged a renowned gold geologist from Carlin to help plan Phase 1 of the program.
Tobin Gold Project
In February 2022, Rover acquired a 100% interest in the Tobin Gold Project (“Tobin”), which comprises 68 claims on BLM lands, totaling 1,405 acres (or 569 hectares). Tobin is a Carlin-style gold system located in Mesozoic rocks. The project is located approximately 40 km from the operating Phoenix gold mine, which is owned by Nevada Gold Mines, a joint venture between Newmont and Barrick. Tobin is also located approximately 60 km from i-80 Gold’s Lone Tree Gold Mine, 50 km from SSR’s Marigold Mine and close to other proven gold deposits owned by i-80 Gold, SSR Mining and Kinross. See property map below for details.
The property is located within the Mt. Tobin Mercury Historic District in an area of widespread silicification and banded chalcedony veining over an area of several square miles. Structural and stratabound jasperoids occur in adjacent Triassic and Paleozoic fine-grained carbonate and clastic sediments along the range-front structure as well as higher in the range. The prospecting area was identified during a BLEG stream sediment sampling program. Follow-up rock chip sampling along and above the range front has confirmed that there are multiple structures bearing mineralization. Gold values reach 2.3 g/t Au, with many samples grading between 200 ppb Au and 1000 ppb Au. Pathfinder elements run up to 200 ppm Sb, 1100 ppm As and 29 ppm Hg. Mineralization at the Tobin project appears to be localized along two subparallel trends. The first is the range front fault and the second is a structural zone located several tens of meters above the valley which is oriented somewhat obliquely with respect to the range front. To date, the best mineralized rocks have largely been taken from this second structure located higher on the mountain front.
Proximity Map – Tobin Gold Project
Judson Culter, CEO of Rover Metals, said, “The Tobin Gold Project is our first low-cost gold exploration project. We believe that future drill programs will be reverse circulation (“RC”) drill programs. Tobin is located in Nevada’s mining-friendly jurisdiction in the Battle Mountain area, which has seen significant consolidation in recent years.
Rover has filed on SEDAR its 2021 annual comparative financial statements and MD&A for the years ended December 31, 2021 and December 31, 2020. The 2021 MD&A outlines management performance and significant milestones crossed in 2021.
The technical information contained in this press release has been approved by David White, P.Geo., Rover Technical Advisor and Qualified Person for the purposes of National Instrument 43-101.
About Rover Metals
Rover is a precious metal exploration company specializing in precious metal resources in North America (Canada and United States), which is currently advancing the gold potential of its existing projects. The Company owns five gold projects. Phase 3 exploration at its Cabin Gold project in the Northwest Territories of Canada (60and parallel), is also in progress at the date of this publication. In addition, the Company is awaiting news from the phase 2 exploration program of its Up Town gold project in the Northwest Territories of Canada (60and parallel).
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Chairman and Chief Executive Officer and Director
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