Historic property scale geochemical and geophysical surveys defined several structural corridors localizing the principal gold showings. Power, M., (2016), Exploration Program at the Up Town Gold Project Assessment Report submitted for Claims UTG 1-6 (K15961-K15966) and Hornbrook, EH., (1965), Mineral Industry of the District of Mackenzie 1963. Rover drilled the Fox South Zone in 2017 with best results of 7.1 m 0.62 g/t Au including 0.3 m 5.12 g/t Au. At the Fox South Zone, a different style of wide, disseminated, shear zone hosted mineralization returned historic surface samples up to 30.3 g/t Au. Drilling by Rover in 2017 at the Rod Zone returned significant gold intersections in all of three holes drilled with best results of 5.4 m 4.28 g/t Au including 0.9 m 22.10 g/t Au ( Rover Metals Press Release dated October 4, 2017).
Recent historic surface sampling at the Rod Vein returned grab samples up to 318 g/t Au and channel samples up to 1.20 m 17.27 g/t Au 2. The Rod Zone was drilled to a shallow depth in the 1960’s and mined on a small scale in 1979 by previous owners. Most work to date has been conducted at the Rod Zone and Fox South Zone.
The 3,227 hectare property hosts ten high-grade gold occurrences. The Up Town Gold project is an Archean lode-gold prospect adjoining the historic 7.2 million ounces 1 (0.564 ounces per tonne Au or 16 g/t Au) Giant Mine gold deposit in Yellowknife, Northwest Territories and Gold Terra Resources’ (TSXV: YGT) Yellowknife City Gold Project. The Up Town Gold project is located on the outskirts of city limits of the city of Yellowknife. Arctic Fox is seeking a public listing of its shares on the Canadian Securities Exchange (the “CSE”). (“Arctic Fox”) (formerly Melius Capital Corp). The Company optioned a 75% interest (“Option Agreement”) in the project to Arctic Fox Minerals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (“ Rover” or the “ Company”) is pleased to announce that Phase 2 Exploration Drilling is now complete at the Up Town Gold project, NWT, Canada (60 th parallel). 22, 2021 (GLOBE NEWSWIRE) - Rover Metals Corp.
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