Rover Metals Receives Exchange Approval for IML Critical Minerals Project Acquisition, NT, Canada
September 28 2022 - 9:00AM
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF)
(FSE:4XO) (“
Rover” or the
“
Company”) announces that further to its releases
of August 16, 2022, September 14, 2022, and September 22, 2022, the
Company has now received approval from the Toronto Venture Exchange
for the Indian Mountain Lake (“IML”) option purchase agreement, and
the milestone payments contained therein.
IML VMS ProjectThe IML VMS
Project has had exploration dating back to the 1940s and has a
historical resource spread across four zones on the project. The BB
Zone and Kennedy Lake Zone have a combined historic resource of
1,400,000 tons grading 10% combined zinc and lead with 3.5 OPT
(ounces per ton) of silver*. Approximately 900 metres west of the
BB Zone, the Kennedy Lake West Zone has a historic resource of
610,000 tons grading 1.15% copper*. About 8 km southeast of the BB
Zone, the Susu Lake Zone, has a historical resource consisting of
142,500 tons grading 0.95% copper*.
The property is located approximately 195 km
east-northeast of Yellowknife, NT, off the eastern arm of Great
Slave Lake. Seasonal access relies upon fixed or rotor wing
support. A right of way was cleared to the Project from Thompson
Landing in the 1970s. If this right of way were to be brushed out,
it would provide barge access at Thompson Landing, from
Yellowknife, with ground transportation, considerably lowering any
logistical costs. Future Government of Canada federally funded
hydro-energy infrastructure could come close to the Project if the
Taltson Hydro Dam expansion proceeds through the eastern arm of
Great Slave Lake into Yellowknife. At the southwest-end of Great
Slave Lake, Osisko Metals is gearing up to reopen the Pine Point
Zinc-Lead Mine. At nearby Hay River, NT, there is a rail line to
the Teck Resources Zinc Refinery in Trail, BC.
*These resources are historic in nature. Further
drilling is needed to bring them up to CIM Definition Standards.
The historic data has not been verified by Rover. The historic
information is provided in the 2103 Assessment Report for Indian
Mountain Lake which is in public record with the Government of the
Northwest Territories.
Technical information has been approved by Gary
Vivian, M.Sc., P.Geo., QP for the purposes of NI 43-101.
New WebsiteAn updated Corporate Fact Sheet,
reflecting the addition of Nevada Lithium, is now available on our
new website and a new corporate presentation will be available
shortly.
Judson Culter, CEO at Rover Metals, states “Zinc
and Copper, along with Lithium are the future, and fundamental to
the growth of our company. However, we’re not abandoning our
precious metals roots. Greenstone belts in northern Canada are well
known for their abundance of gold and silver. The IML greenstone
belt is comprised of 31,000 acres, and the historic base metal
resource is coming from just three percent of the land package. The
historic BB Zone and historic Kennedy Lake Zone include a historic
resource of 4,900,000 ounces of high-grade silver. We believe the
existing silver endowment is indicative of the potential for the
remainder of the 30,000 acres of greenstone belt.”
About Rover MetalsRover is a
publicly traded junior mining company that trades on the TSXV under
symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under
symbol 4XO. The Company is now developing a diverse portfolio of
mineral resource projects: (1) Nevada Claystone Lithium; (2)
Zinc-Copper-Lead-Silver in NT, Canada; as well as (3) Gold in NT,
Canada. The Company is exclusive to the mining jurisdictions of
Canada and the U.S.
You can follow Rover on its social media
channels:Twitter: https://twitter.com/rovermetalsLinkedIn:
https://www.linkedin.com/company/rover-metals/Facebook:
https://www.facebook.com/RoverMetals/for daily company updates and
industry news, andYouTube:
https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor
corporate videos.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.comPhone: +1 (778) 754-2617
Statement Regarding Forward-Looking
InformationThis 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.
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