Rover Mobilizes to Beaver Zone for Phase Two Exploration Program at Cabin Lake Gold Project, NT, Canada

Rhea-AI Summary

Rover Metals Corp. (TSXV: ROVR, OTCQB: ROVMF) announced the commencement of a summer exploration drilling program at the Cabin Lake Gold Project, targeting over 3,000 meters beginning June 15, 2021. This Phase Two program follows a successful Phase One campaign, highlighted by 32 meters at 13.6 g/t Au. Additionally, Rover received a $120,000 Mining Incentive Program grant from the Government of Northwest Territories to enhance exploration efforts. CEO Judson Culter expressed optimism for the upcoming drilling and appreciation for the grant.

Positive

• Commencement of a summer drilling program at the Cabin Lake Gold Project targeting over 3,000 meters.
• Successful Phase One campaign with significant gold findings (32 meters at 13.6 g/t Au).
• Awarded a $120,000 grant for mining exploration, enhancing financial support.

Negative

• None.

VANCOUVER, British Columbia, June 08, 2021 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (“Rover” or the “Company”) is pleased to announce that further to its release of May 6, 2021, announcing its Phase Two Exploration Drill Targets for the Cabin Lake Gold Project, the Company has mobilized to site, and expects to commence exploration drilling in and around June 15, 2021. A comprehensive summer drill program of over 3,000 meters is slated to commence June 15th with a focus on the historic Beaver Zone and the historic Andrew South Zone. The Phase Two program is a follow-up to a successful Phase One 2020 drill campaign, highlights of which include 32 meters of 13.6 g/t Au, at the Cabin Lake Zone from hole CL-20-08.

Rover Awarded $120,000 Government Exploration Grant

Rover is also pleased to announce that it is a recipient of a 2021-2022 Mining Incentive Program grant in the amount of $120,000 from the Government of the Northwest Territories. The grant will be used to further advance Rover’s gold exploration at the Cabin Lake Group of Gold Projects (Cabin Lake, Slemon Lake, and Camp Lake). The use of proceeds will include airborne and ground geophysics on the iron formation at the Slemon Lake gold claim, to further extend Rover’s future exploration targets past the Bugow Iron Formation, which is located on the Cabin Lake claim (the current focus of the Phase Two program).

Judson Culter, CEO of Rover Metals states, “The team is very enthusiastic and looking forward to turning the drill-rig on. We are hoping for a repeat performance of our successful Q4-2020 campaign over the course of this highly anticipated drill program. We are incredibly grateful and honored to be selected to receive the NT Government’s grant from the Mining Incentive Program. The grant speaks volumes on a number of levels as the grant is awarded by a panel of technical experts that take into consideration the future economic impact of our exploration efforts in the southern Northwest Territories.”

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 has recently re-branded, and has a new corporate logo, and has updated the look and feel of its website, and corporate documents.

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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:
Fern Turner
Email: fern@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 be 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 is the timeline for Rover Metals' summer drilling program at the Cabin Lake Gold Project?

Rover Metals plans to commence its summer exploration drilling program on June 15, 2021.

How much funding did Rover Metals receive from the Government of Northwest Territories?

Rover Metals received a $120,000 grant from the Government of Northwest Territories under the Mining Incentive Program.

What were the highlights of Rover Metals’ previous drilling campaign?

The highlights of Rover Metals' Phase One drilling campaign included 32 meters of 13.6 g/t Au at the Cabin Lake Zone.

What is Rover Metals focusing on in its Phase Two exploration program?

The Phase Two exploration program focuses on the historic Beaver Zone and Andrew South Zone.

What is Rover Metals' stock symbol?

Rover Metals is traded under the stock symbol ROVMF on the OTCQB.