(TheNewswire)
Vancouver, BC – TheNewswire - November 9 ,2022 - Cariboo Rose Resources Ltd. (“Cariboo”) ( TSXV: CRB ) (OTC: CROOF ) has entered into an option agreement with BRS Mining Resources Ltd.(“BRS Mining”) that grants BRS Mining theright to earn a 60% interest in the Cowtrail, copper-gold property,located in the Cariboo gold region near Horsefly, in central BritishColumbia. To complete the option BRS is required to complete$2,000,000 in exploration and make $400,000 in option payments (cashand shares) over a four-year term. On earning a 60% interest a jointventure will replace the earn-in agreement (initially on a 60-40basis)
The Cowtrail project is in southcentral BC, South ofthe existing Mt. Polley mine and 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. The soil grid at Cowtrail was expanded with 813 new samplesin 2021 and 153 new in 2022 currently being analyzed. The project isfully permitted.
.J.W. (Bill) Morton P.Geo, within the context of therequirements of NI-43-101, is the qualified person who takes fullresponsibility for this news release.
Bill Morton
J.W. (Bill), 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. These include:
-
Lightning Strike , shale hosted gold, located east of 100 Mile House, 100%owned
-
Carruthers Pass , located southwest of Kemess Mine, 60% option to VizslaCopper Corp
-
Carbonate Hosted Gold , located northwest of Clinton, 60% or 70% option to BasinUranium
-
Pat , porphyrycopper-gold, contiguous with Consolidated Woodjam Copper, 100%owned
-
Coquigold ,epithermal gold, north of Westhaven Gold’s Shovelnose, 70% optionto CMP Minerals
-
Koster Dam ,gold, located near Gang Ranch 55% - 45% joint venture with AmeriwestLithium
-
Cowtrail ,copper-gold, contiguous with Consolidated Woodjam Copper, 60% optionto BRS Mining
For more information, please visit the company’s website at http://www.cariboorose.com .
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Copyright (c) 2022 TheNewswire - All rights reserved.