(TheNewswire)
Vancouver, BC – TheNewswire - May 25, 2023 - Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSXV:CRB) (OTC:CROOF) hasbeen advised by optionee BRS Resources Ltd., a private company who areearning an interest in the Cowtrail project that a crew and equipmenthave been mobilized to the property in preparation for diamonddrilling in early June 2023.
The 4592 hectares (46 sq Km) Cowtrail project is 100%owned by Cariboo Rose Resources and located in southcentral BC, southof the existing Mt. Polley mine and contiguous with the Woodjamcopper-gold porphyry project owned by Vizsla Copper Corp and theRedgold Copper project to the west also recently acquired by VizslaCopper Corp. (TSX.V: VCU) (OTCQB: VCUFF) (FRA: 97E)
The Cowtrail property covers a magnetic feature thatextends to the northwest from a buried alkalic intrusive discovered byEastfield Resources and Imperial Metals Corporation in 1998. Themagnetic signature is comparable in several ways to that of the Mt.Polly mine (15 km northwest).
Reconnaissance drill testing of extensive inducedpolarization anomalies (vintage 1997, 2004 and2006) define a vector of mineralization trending to the west beyondthe area drilled. Significant drill intercepts include 1.16 g/t gold over 18.3m and 0.17% copper and0.11 g/t gold over 40.0m .
A soil grid at Cowtrail was expanded in 2021 and 2022. Of note is a 600 metre long northwest trendinggold-arsenic in soil anomaly that covers an area of the BM Showing.
The project was optioned to BRS Resources Ltd inNovember 2022 who may earn a 60% interest over a four-year term bymaking payments totalling $400,000 and completing $2,000,000 inexploration.
The project is 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.
ontact:
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 Oct 1, 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 Vizsla Copper Corp. 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.
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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