(TheNewswire)
Vancouver, BC – TheNewswire - June 21, 2021, Cariboo Rose Resources Ltd.(“Cariboo”) ( TSXV: CRB ) (OTC:CROOF) is
active on several projects briefly described asfollows.
Lightning Strike (100% owned): At Lightning Strike an excavator trenchingprogram is currently underway. Lightning Strike is a shale hosted goldexploration project located 50 kilometersnortheast of the community of 100 mile House, BC, exhibiting the samehost-rock suite and style of mineralization as exists at Spanish Mountain Gold ( TSX-V: SPA ) located 90 kilometers to thenorthwest. Drilling completed at Lightning Strike in 2008, 9 &10included intercepts of 4.54 g/t Au 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. A soiltarget approximately 1 kilometer square was developed by Cariboo Rosein 2019 and 2020. The current work is designed to refine targets whichare scheduled to be drilled later this season. Deposit examplesinclude the giant Murantau and Sukoy Log deposits in Russia.
Cowtrail (100%owned): At Cowtrail, located 60 kilometers northeast of the communityof Williams Lake, a crew is currently establishing soil grids in areaswhere first pass induced polarization surveying completed in 2004 and2006 indicates geophysical anomalies (83 kilometers of IP grid).Cowtrail is copper-gold porphyry target contiguous with the WoodjamCopper-gold porphyry project owned by consolidated Woodjam Copper Corp. ( TSX-V: WCC ) . Prior drillintercepts have included 1.16 g/t gold over 18.3 m and 0.17% copperand 0.11 g/t gold over 40.0 m. Permitting to allow drilling iscurrently in progress.
Koster Dam (55%owned by Cariboo, 45% owned by Ameriwest Lithium Inc. ( CSE: AWLI ): At Koster Dam the Axiom ExplorationGroup located in Saskatoon Saskatchewan recently completed ahelicopter borne triaxial magnetometer and Lidar survey which iscurrently being processed. Koster Dam, located 10 kilometers south ofthe former producing Blackdome gold-silver mine, is being explored fora volcanic hosted epithermal deposit of Tertiary age related to faultsplays off the Fraser River structural corridor. Recent programs havelocated areas of >1 gram/t gold in rubble and chalcedonic quartz inoutcrop. The project is fully permitted.
Carbonate Hosted Gold (optioned to BlackShield Metals Corp. ( CSE: BDX ) who may earn up to a 70% interest: AtCarbonate Hosted Gold (CHG), located in the Marble Range near thecommunity of Clinton, several creeks with highly anomalousconcentrations of gold have been identified draining carbonate hostrocks. Geotech Airborne Geophysical Surveys of Aurora Ontario has beencommissioned to complete a helicopter born VTEM and magnetic surveyand has advised that the survey will be completed in August.
Coquigold (100%owned): Coquigold is an epithermal gold target located adjacent to theCoquihalla highway, 10 kilometers north of Shovelnose Mountain(Westhaven Gold Corp. ( TSX-V: WHN ) –the “Shovelnose discovery”.Central to Coquigold is an area where in 2008 the BC Geological Surveyidentified and sampled quartz sinter and several areas of silicified(chalcedonic) volcanic and intrusive breccia. Bedrock samplingcompleted in 2019 by Cariboo Rose confirmed an epithermal mineralizingevent with bedrock samples returning up to 43.1 grams per tonne silverand pathfinder concentrations of arsenic and antimony. Trenching anddrilling is planned for 2021.
Carruthers Pass (60% interest optioned to Vizsla Copper Corp., a spinout company inregulatory process from VizslaSilver Corp . ( TSX-V: VZLA ) whichwill focus on copper exploration. The project is located southwest ofthe Kemess Mine in northern BC and is prospective for massive base andprecious metal mineralization. A drill intercept of 6.2% copper, 5.8%zinc, 2.37 g/t gold and 192.0 g/t silver over 3.1 meters was obtained in 2011. Much of Carruthers Pass has onlyreceived cursory investigation. Exploration plans will be announcedwhen finalized.
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 LimitedV
Cariboo Rose owns seven mineral projects in BritishColumbia .
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.
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