Rover to Re-Option Up Town Gold Property
The Up Town Gold project is an Archean lode-gold prospect adjoining the historic 7.2 million ounces1 (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 an Archean lode-gold prospect adjoining the historic 7.2 million ounces1 (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.
- Mineralization at the Up Town Gold property is granitoid-hosted and belongs to the recently-recognized class of Archean granitoid-hosted lode gold deposits.
- Aside from historic work on the Up Town Gold Property, no extensive exploration for this class of deposits has been conducted in the Yellowknife area despite the large gold endowment in the district.
- Rover Metals plans to play an ongoing supportive role to Melius Capital to assist them in advancing the gold potential of Up Town Gold.