(TheNewswire)
Vancouver, BC – TheNewswire - February 18, 2022 , Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSXV: CRB) is pleased to announce thatit will be exhibiting at the Vancouver Resource Investment Conference at the Vancouver ConventionCentre West, Exhibit Hall C on May 17 and 18, 2022 . Booth 912
Come visit with management and learn more about thecompany and our plans for the2022 field season.
G. L. Garratt, P. Geo., is the qualified person, asdefined by NI 43-101, who has reviewed and takes responsibility forthis news release.
On behalf of the Board of Directors
Glen Garratt, P.Geo., VP,Director
Cariboo Rose Resources Ltd.
FOR FURTHER INFORMATION REGARDING CARIBOO ROSERESOURCES PLEASE CONTACT: (604) 681-7913 or (888) 656-6611 (Toll Free)or go to our website: https://www.cariboorose.com/
AboutCariboo Rose Resources Limited
Cariboo Rose owns seven mineral projects in BritishColumbia. A summary of these projects is as follows:
Lightning Strike, 100% owned shale hosted gold silver project modelled on theSpanish Mountain Gold Project located in similar rocks 95 kilometresto the northwest owned by Spanish Mountain GoldLtd. ( TSX-V: SPA ) and the FG Gold Project located 35 kilometers to the north owned by Karus Gold Corp. (formerly part of Kore Mining Limited( TSX-V: KORE ). Shale hosted orogenic gold deposits are one of the mostattractive models for large gold deposits in the world and include thegiant Murantau and Sukoy Log deposits in Russia. Seven historicdrill holes on the Lightning Strike claims include intercepts of 4.54g/t gold and 60.2 g/t silver over 3.8 meters, 1.03 g/t gold over 26.0meters, 0.77 g/t gold over 20.0 meters and 19.30 g/t gold over 1.5meters. Results are pending for eleven reverse circulation (RC) drillholes completed in September of 2021.
Carruthers Pass , 100% owned subjectto an option with Vizsla Copper Corp. (TSX-V:VSU) (a spinout fromVizsla Silver completed Sept 30, 2021) who may earn a 60% interest bymaking payments of $650,000 and completing $3,000,000 in exploration,sediment hosted massive sulfide discovered by Freeport McMoRan Copperand Gold in 1997, a 100% interest was acquired by Cariboo Rose fromFMC in 2011, located in northern BC south of the Kemess copper-goldmine, most significant to the project is a mineralized slab of rockweighing several hundred tonnes protruding from talus with a drillintercept through it of 3.1 meters grading 6.2% copper, 5.8% zinc,2.37 g/t gold and 192.0 g/t silver, numerous untested geochemical andgeophysical targets.
Cowtrail , 100% owned, locatedin southcentral BC, contiguous with the Woodjam copper-gold porphyryproject owned by Consolidated Woodjam Copper. Reconnaissance drilltesting of extensive induced polarization anomalies (vintage 1997,2004 and 2006) define a vector of mineralization trending to the westbeyond the area drilled. Significant drill intercepts include 1.16 g/tgold over 18.3m and 0.17% copper and 0.11 g/t gold over 40.0m. Anuntested soil gold arsenic anomaly with coincident strong IP islocated a further 2km to the west. The soil grid at Cowtrail wasexpanded with 813 new samples in 2021. The project is fullypermitted.
CHG , 100% owned subjectto an option with Basin Uranium Corp.( CSE: NCLR ) who may earn a 60% interest by making payments of$300,000 and completing $1,500,000 in exploration by Nov, 2025 andthereafter an additional 10% interest bycompleting a bankable feasibility study within 24 months. CHG islocated in southern BC near the community of Clinton. CHG (short forCarbonate Hosted Gold) is drained to the east by three creeks withvery strong gold silt anomalies in a predominantly limestone terrane.A VTEM airborne geophysical survey was completed by Geotech AirborneSurveys in September, 2021 with data currently being processed. Theproject is fully permitted.
Koster Dam , 55% owned byCariboo Rose and 45% by Ameriwest Lithium Inc.( CSE: AWLI ) Inc. is located in southern BC 10kilometers north of the former producing Blackdome gold mine. KosterDam is a volcanic hosted gold target related to the Fraser River Faultsystem. Recent programs have located areas of greater than 1.0 gram/tgold in rubble and chalcedonic quartz in outcrop. A Triaxial magneticsurvey and a liDar Survey were completed in June of this year withdata currently being interpreted. Preliminary review indicates anumber of linear features in the general vicinity of anomalous rubble,soil and silt results (gold, silver and arsenic). The project isfully permitted.
Pat , 100% owned, stakedby Cariboo Rose in 2004, located in southcentral BC contiguous withthe Woodjam copper-gold porphyry project owned by Consolidated WoodjamCopper covers a very strong unexplained magnetic airborne anomaly inprospective Nicola Group volcanic rocks.
Coquigold, 100%owned subject to an option with CMP Minerals who may acquire up to a70% interest by making payments totalling $250,000, issuing 200,000shares, paying an additional $250,000 cash or shares and completing$2,000,000 in exploration over 4 years. An exploration program of$300,000 is required in the first year. The project is 10 km north ofthe Shovelnose Mountain epithermal gold system discovered by WesthavenVentures. 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,13,400ppm mercury and 101ppm antimony.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release
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