Rover Provides Update on Phase 2 Exploration at Cabin Gold Project, NT, Canada

Rhea-AI Summary

Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) has announced initial results from its Phase 2 Exploration Program at the Cabin Gold Project. The first set of assays from drill hole CL-21-10 revealed an average gold grade of 5.71 g/t Au over 3.4 meters, exceeding historical grades by 90%. The ongoing exploration in the Beaver Zone showcases strong sulfide indicators and potential for higher gold grades. Further assays from CL-21-10 are pending, and the company is optimistic about discovering new high-grade gold zones akin to the Arrow Zone.

Positive

• Initial assay results show 5.71 g/t Au over 3.4 meters from drill hole CL-21-10, 90% higher than historical results.
• Significant presence of >30% sulfides associated with high-grade gold in the Beaver Zone.
• Potential for discovering new high-grade gold zones in ongoing exploration.

Negative

• None.

VANCOUVER, British Columbia, July 13, 2021 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (“Rover” or the “Company”) further to its release of June 8, 2021, announcing the start of its Phase 2 Exploration Program at its 100% owned Cabin Gold Project, Rover has now received its first batch of rush assays for diamond drill hole CL-21-10 and is reporting an average grade of 5.71 g/t Au over 3.4 meters (true width). The Company is still waiting on assays for over 10 meters of hole CL-21-10. The reported grades are 90% higher than historic hole DDH-88-61 that was drilled at a similar location in the Beaver Zone in the 1980s.

Sample #	From	To	Interval (m)	Au g/t
V749219	45.6	45.9	0.3	22.4
V749217	45.9	46.4	0.5	5.4
V749221	46.4	46.7	0.3	8.33
V749222	46.7	47.2	0.5	1.43
V749223	47.2	47.7	0.5	0.42
V749224	47.7	48.2	0.5	1.45
V749225	48.2	49	0.8	7.3

The Beaver Zone
The current drill holes at the historic Beaver Zone are 400 meter step-out holes to the Arrow Zone (formerly the Cabin Lake Zone) that reported 32 meters of 13.6 g/t Au in Q4-2020, with >30% sulfides, resulting in the Arrow Zone ore shoot discovery. The preliminary results coming from the Beaver Zone show that high-grade gold continues to be associated with high sulfide values. The Company is also pleased to announce that the core logging of new drill hole CL-21-13 (assays still at lab) has reported >30% sulfides, shearing, and quartz flooding.

Judson Culter, CEO of Rover Metals states, “the Phase 2 Exploration Drill Program was planned to target historic zones on the Cabin Gold property that carried sulfide rich historic results. We’re very pleased that the preliminary results of our program at the historic Beaver Zone are proving that high-sulfides continue to be associated with high-grade gold. The fact that we continue to increase the average gold grades across the property shows the exploration potential of the Cabin Gold Project. Additionally, we’re reporting true width intercepts of 3.4 meters at hole CL-21-10 due to the angle of the sulfide intercepts. It’s still early in the program, and we remain very optimistic on defining an additional zone comparable to the Arrow Zone. The historic Andrew South Zone is also being targeted in this summer’s drill program.

Rover is holding an informative webinar to discuss its exploration program on July 22, 2021 at 11:00am PST (Vancouver time) hosted by RBMG. Please contact Paul Lampoutis plampoutis@rbmilestone.com if you wish to register for this event.”

Technical Information
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. Select samples with visible gold or high-grade mineralization are assayed by metallic screen prep and fire assay on a 1 kg sample.

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. All historic and 2021 program gold averages are reported at weighed averages.

Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and shareholder of Rover Metals Corp. 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 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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Facebook: https://www.facebook.com/RoverMetals/

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YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber

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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 are the initial results for drill hole CL-21-10 from Rover Metals?

Drill hole CL-21-10 has revealed an average gold grade of 5.71 g/t Au over 3.4 meters.

How do the current assay grades compare to historical results for Rover Metals?

The reported grades are 90% higher than those from historical drill hole DDH-88-61, indicating improved mineralization.

What is the significance of sulfide presence in Rover Metals' exploration?

The presence of >30% sulfides in drill holes suggests a strong association with high-grade gold, enhancing exploration potential.

What is Rover Metals' next step after the initial assay results?

Rover Metals will continue its Phase 2 Exploration Program and analyze remaining assays from drill hole CL-21-10.

When is Rover Metals holding a webinar to discuss its exploration program?

Rover Metals will host a webinar on July 22, 2021, at 11:00am PST to discuss its exploration program.