Rover Metals provide update on exploration drilling at high-grade Cabin Lake gold project

Map: Rover Metals

Rover Metals has completed drilling and logging of its first drill hole at its100% owned Cabin Lake gold project, NWT, Canada. The Company is pleased to announce that it has successfully intersected the sulfide replacement of the Bugow Iron formation in the target zone.

Drilling is progressing at Cabin Lake and the first hole has been completed successfully intersecting the gold mineralized zone at the Bugow Iron formation in the vicinity of drill hole 86-28 that historically reported 14.98 g/t Au over 12.1m. New hole CL-20-01 successfully intersected the sulfidized Bugow Iron formation, host of the gold mineralization at 24.29m in a sheared/deformed upper zone (see image below), consistently showing up to 50% sulfide mineralization (pyrite, pyrrhotite replacements), and pervasive quartz veining/flooding. Sulphide mineralization along with deformation/shearing and quartz flooding continues from 24.29m to 44.90m. Below this mark, the sulphide mineralization within the Bugow Iron Formation drops to less than five percent (5%), and the deformation drops its intensity, being more amphibolitic rich, and magnetite rich towards the lower contact at 80.53m.

The Company has budgeted for approximately 1,100 meters of drilling.

Rover Metals is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects.