Rover Metals Announces Increase to Previously Reported Intervals at Andrew Zone, Cabin Gold Project, NT, Canada

Rhea-AI Summary

Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) announced significant updates regarding gold mineralization at the Andrew Zone. The latest drill results reveal enhanced intervals of gold at both Andrew Zone South and North. Highlights include:

• 7.4m of 1.64 g/t Au in hole CL-21-25 at Andrew Zone South.
• 6.4m of 1.88 g/t Au in hole CL-21-29 at Andrew Zone North.

CEO Judson Culter emphasized the need for further drilling to delineate this promising area.

Positive

• Increase in reported intervals at Andrew Zone South with 7.4m of 1.64 g/t Au in hole CL-21-25.
• Significant gold found at Andrew Zone North with 6.4m of 1.88 g/t Au in hole CL-21-29.
• Potential for further exploration to delineate the mineralization.

Negative

• None.

VANCOUVER, British Columbia, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to report, that further to its release on January 13, 2022, the gold mineralization at the Andrew Zone does extend past the primary sulfide intervals in the drill core. The Company has received its new December 2021 samples back from the lab and is pleased to be reporting longer mineralized intervals at the Andrew Zone South, and Andrew Zone North.

Andrew Zone South
The Company is now reporting significant intervals of:

• 7.4m of 1.64 g/t Au (from 63.1m to 70.5m) at hole CL-21-25, or an increase of approximately 5m to the previously reported interval;
• 2.3m of 1.21 g/t Au (from 53.0m to 55.3m) closer to surface in hole CL-21-25;
• 4.5m of 2.62 g/t Au (from 50.4m to 55.1m) at hole CL-21-24 (which previously reported 3.9m of 2.91 g/t Au);
  

The updated cross-sections for holes CL-21-24 and CL-21-25 will be available on Rover’s website in the coming days.

Andrew Zone North
The Company is now reporting a significant interval of:

• 6.4m of 1.88 g/t Au (from 37.6m to 44.0m) at hole CL-21-29, or an increase of approximately 3m to the previously reported interval
  

Judson Culter, CEO at Rover Metals, states, “the Andrew Zone has a surface strike length of approximately 800m from south to north, and is open at depth. Follow-up drilling is needed to further delineate this zone at depth.”

        Updated Tables of Significant Drill Results

Hole	Sample ID	From	To	Interval	Au g/t	Zone
CL-21-24	Y031579	50.37	51.00	0.63	0.78	Andrew South
CL-21-24	V748102	51.00	51.50	0.50	2.77	Andrew South
CL-21-24	V748103	51.50	52.01	0.51	0.15	Andrew South
CL-21-24	V748104	52.01	52.76	0.75	1.57	Andrew South
CL-21-24	V748105	52.76	53.10	0.34	3.63	Andrew South
CL-21-24	V748106	53.10	53.41	0.31	5.16	Andrew South
CL-21-24	V748107	53.41	53.80	0.39	1.79	Andrew South
CL-21-24	V748108	53.80	54.20	0.40	3.57	Andrew South
CL-21-24	V748109	54.45	54.77	0.32	6.11	Andrew South
CL-21-24	V748110	54.77	55.12	0.35	4.93	Andrew South
Hole	Sample ID	From	To	Interval	Au g/t	Zone
CL-21-25	V748125	53.00	53.45	0.45	1.64	Andrew South
CL-21-25	Y031568	53.45	53.96	0.51	0.22	Andrew South
CL-21-25	Y031569	53.96	54.72	0.76	1.95	Andrew South
CL-21-25	Y031570	54.72	55.26	0.54	0.75	Andrew South
CL-21-25	Y031571	63.07	63.51	0.44	0.06	Andrew South
CL-21-25	Y031572	63.51	63.95	0.44	3.39	Andrew South
CL-21-25	V748126	63.95	64.25	0.30	0.73	Andrew South
CL-21-25	Y031577	64.25	64.80	0.58	0.30	Andrew South
CL-21-25	Y031573	64.80	65.42	0.62	1.17	Andrew South
CL-21-25	V748127	65.42	65.88	0.46	1.72	Andrew South
CL-21-25	V748128	65.88	66.18	0.30	0.22	Andrew South
CL-21-25	V748129	66.18	66.58	0.40	2.16	Andrew South
CL-21-25	Y031574	66.58	67.09	0.51	0.18	Andrew South
CL-21-25	V748130	67.09	67.39	0.30	4.01	Andrew South
CL-21-25	V748131	67.39	67.76	0.37	0.41	Andrew South
CL-21-25	Y031575	67.76	68.00	0.24	0.12	Andrew South
CL-21-25	V748132	68.00	68.35	0.35	0.50	Andrew South
CL-21-25	V748133	68.35	68.68	0.33	0.64	Andrew South
CL-21-25	V748134	68.68	68.98	0.30	1.59	Andrew South
CL-21-25	V748135	68.98	69.68	0.70	4.27	Andrew South
CL-21-25	V748136	69.82	70.12	0.30	1.07	Andrew South
CL-21-25	V748137	70.12	70.46	0.34	5.55	Andrew South
Hole	Sample ID	From	To	Interval	Au g/t	Zone
CL-21-29	V748153	37.60	38.00	0.40	2.72	Andrew North
CL-21-29	V748154	38.00	38.40	0.40	4.75	Andrew North
CL-21-29	V748155	38.4	38.70	0.30	1.18	Andrew North
CL-21-29	V748156	38.70	39.10	0.40	4.83	Andrew North
CL-21-29	Y031583	39.10	39.37	0.27	0.39	Andrew North
CL-21-29	V748158	39.37	39.71	0.34	1.31	Andrew North
CL-21-29	V748159	39.71	40.09	0.38	5.61	Andrew North
CL-21-29	V748160	40.09	40.39	0.30	4.43	Andrew North
CL-21-29	V748161	40.39	40.82	0.43	0.60	Andrew North
CL-21-29	Y031589	40.82	41.70	0.88	1.06	Andrew North
CL-21-29	V748162	41.70	42.01	0.31	1.48	Andrew North
CL-21-29	Y031589	42.01	42.25	0.24	1.06	Andrew North
CL-21-29	V748165	42.97	43.37	0.40	0.92	Andrew North
CL-21-29	Y031585	43.37	44.00	0.63	0.47	Andrew North

Drill core is cut with half sent to ALS Global Laboratories (ALS) for crushing to <2 mm with 250 g split pulverized to -75 µm (200#). ALS is an ISO 17025 accredited laboratory. A 30g change is fire assayed and analysed using AAS finish for Gold.

True thickness of the intervals reported herein have not been calculated, therefore, all intervals are reported as drill core intervals and should be considered apparent thicknesses. Program gold averages are reported at weighed averages.

Technical information in this news release has been approved by David White, P.Geo., Technical Advisor of Rover and a Qualified Person for the purposes of National Instrument 43-101.

About Rover Metals
Rover is a precious metals exploration company specialized in North American precious metal resources that is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60^th parallel). The Company completed Phase 2 Exploration at its 100% owned Cabin Gold Project (“Cabin”) in 2021. The Company’s secondary asset, the Up Town Gold Project (for which it retains a 25% ownership interest), also saw the completion of Phase 2 Exploration Drilling in Q4-2021, and the results are expected in Q1-2022. The Company anticipates commencing its Phase 3 Exploration Program at Cabin in March of this year.

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Website: https://www.rovermetals.com/

ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director

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

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 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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

FAQ

What are the recent drill results for Rover Metals Corp (ROVMF)?

Rover Metals Corp reported significant gold intervals at Andrew Zone, including 7.4m of 1.64 g/t Au and 6.4m of 1.88 g/t Au.

When did Rover Metals release their drilling results?

The drilling results were released on February 23, 2022.

What is the significance of the Andrew Zone for Rover Metals (ROVMF)?

The Andrew Zone shows promising gold mineralization, with increased intervals indicating strong exploration potential.

What is the next step for Rover Metals after the latest drilling results?

Rover Metals plans to conduct follow-up drilling to further delineate the Andrew Zone's mineralization.