(TheNewswire)
Vancouver, B.C. - TheNewswire - October 1, 2021 – Cariboo Rose Resources(TSXV:CRB ) , ( OTC:CROOF) (“ CaribooRose ” is pleased toannounce that on September 26 its option partner Black Shield Metals Corp (“Black Shield” (CSE: BDX) completed flying an airbornegeophysical survey on the Carbonate Hosted GoldProject (“CHG Project”) located northwest of the town of Clinton,in south-central British Columbia. Data from the survey is now beingprocessed by the contractor, Geotech Airborne Geophysical Surveys ofAurora Ontario, will assist in defining and prioritizing targets.Three hundred and thirty five line kilometers (335) of helicopterborne survey were flown using the VTEM™ TimeDomain EM system which has proven to be effective for locatingdiscrete conductive anomalies as well as mapping lateral and verticalvariations in resistivity (to identify contacts and faults which arepotential fluid pathways).
The CHG Project CHG (short for Carbonate Hosted Gold)is drained to the east by three parallel creeks spaced approximately 3kilometers apart, each with very strong gold silt anomalies with sharpupstream cutoffs. Bedrock is predominantly limestone and outcrop israre except at higher elevations. An historic report from theGeological Survey of Canada makes reference to high-grade gold valuesin silicified carbonate samples (jasper) being discovered near Clintonand speculated to originate in the area now covered by the CHG claims.
Black Shield Metals Corp. may earn a 60% interest inCHG by completing $1,500,000 in exploration and making payments of$300,000 and by Nov 2025 thereafter an additional 10% interest bycompleting a bankable feasibility study within 24 months. The projectis fully permitted.
J.W. (Bill) Morton P. Geo, within the context of therequirements of NI-43-101, is the qualified person who takesresponsibility for this news release.
Bill Morton
J.W. (Bill) Morton, P.Geo.
President
Cariboo Rose Resources Ltd.
Contact:
Phone: (604) 681-7913, Toll Free: 888-656-6611;email: info@eastfieldgroup.com
AboutCariboo Rose Resources Limited
Cariboo Rose owns seven mineral projects in BritishColumbia. A summary of these projects is as follows:
Carruthers Pass , 100% owned subject to an option with Vizsla Copper Corp.(TSX-V:VSU) (a spinout from Vizsla Silver completed Sept 30, 2021) whomay earn a 60% interest by making payments of $650,000 and completing$3,000,000 in exploration, sediment hosted massive sulfide discoveredby Freeport McMoRan Copper and Gold in 1997, a 100% interest wasacquired by Cariboo Rose from FMC in 2011, located in northern BCsouth of the Kemess copper-gold mine, most significant to the projectis a mineralized slab of rock weighing several hundred tonnesprotruding from talus with a drill intercept through it of 3.1 metersgrading 6.2% copper, 5.8% zinc, 2.37 g/t gold and 192.0 g/t silver,numerous untested geochemical and geophysical targets.
Lightning Strike , 100% owned, located 50 kilometers northeast of thecommunity of 100 mile House, BC. Same rock suite and style ofmineralization as exists at Spanish Mountain Gold located 90kilometers to the northwest, and F G Gold 30 kilometers to the north.Drilling completed in 2008, 9 &10 included intercepts of 4.54 g/tAu and 60.2 g/t Ag over 3.8 meters, 19.9 g/t Au over 1.5 meters and 1.03 g/t Au over 26 meters. Deposit example types include the giantMurantau and Sukoy Log deposits in Russia. Cariboo Rose recentlycompleted 11 reverse circulation drill holes at lightning Strike whichare currently being analyzed (see news dated Sept 24, 2021). LightningStrike is fully permitted.
Coquigold , 100%owned, epithermal gold (quartz-adularia) located in southern BC 10kilometers north of Shovelnose Mountain (Westhaven GoldCorp.-Shovelnose discovery), central to Coquigold is an area where in2008 the BC Geological Survey identified and sampled quartz sinter andseveral areas of silicified (chalcedonic) volcanic and intrusivebreccia, bedrock sampling in 2019 by Cariboo Rose confirmed anepithermal mineralizing event with bedrock samples returning up to43.1 grams per tonne silver, 559 ppm arsenic, 13,400 ppb mercury and101ppm antimony, trenching is planned for 2021.
Cowtrail , 100%owned, located in southcentral BC, contiguous with the Woodjamcopper-gold porphyry project owned by Consolidated Woodjam Copper,reconnaissance drill testing of extensive induced polarizationanomalies (vintage 1997, 2004 and 2006) define a vector ofmineralization trending to the west beyond the area drilled,significant drill intercepts include 1.16 g/t gold over 18.3m and0.17% copper and 0.11 g/t gold over 40.0m, an untested soil goldarsenic anomaly with coincident strong IP is located a further 2km tothe west. Results for 900 soil samples collected earlier in 2021 havenow been received. Cowtrail is fully permitted.
Koster Dam , 55%owned (Ameriwest Lithium Inc. 45%), located in southern BC 10kilometers north of the former producing Blackdome gold mine, volcanichosted gold target related to the Fraser River Fault system, recentprograms have located areas of >1 gram/t gold in rubble andchalcedonic quartz in outcrop. A Triaxial magnetic survey and a liDarSurvey were completed in June of this year with data currently beinginterpreted. Koster Dam is fully permitted.
Pat , 100%owned, staked by Cariboo Rose in 2004, located in southcentral BCcontiguous with the Woodjam copper-gold porphyry project owned byConsolidated Woodjam Copper, very strong unexplained magnetic airborneanomaly in prospective Nicola Group volcanic rocks.
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