(TheNewswire)
Vancouver – TheNewswire- November 30, 2023 - Cariboo Rose Resources Ltd. (TSXV:CRB) andJoint Venture partner Discovery Lithium Inc. (CSE-C:DCLI) arepleased to announce that gold mineralization has been discovered atthe Koster Dam gold-silver Project in British Columbia as a result ofsystematic prospecting. The current program was designed to targetvectors originating from reconnaissance work completed in 2022 andhigh resolution airborne magnetic surveying completed in 2021. Foursamples of float, predominantly subangular and consisting of quartzvein and quartz breccia hosted in rhyolite, returned gold analysis of2.61, 2.38, 1.47 and 0.74 grams per tonne gold respectively (from atotal of 58 samples collected with many of them heavily altered andflooded with chalcedonic quartz).
The area of interest on Koster Dam is situated approximately 10 kilometers south of the former producing BlackdomeMine which is developed on a volcanic hosted epithermal deposit ofEocene age that was in production from 1986 to 1991 during which timeit produced 225,000 ounces of gold and 547,000 ounces of silver. Oneof the challenges and opportunities at Koster Dam is that, whilemineralization at the Blackdome Mine outcrops in steep terrane at anelevation of approximately 7,000 feet, Koster Dam is situated on thesame volcanic complex in a relatively flat landscape at a much lowerelevation and is predominantly till covered. The climate is semiaridand the property is road accessible from the city of Williams Lake,B.C. 80 kilometers to the north.
Koster Dam is a joint venture between Cariboo RoseResources (55%) and Discovery Lithium (45%).
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; website at http://www.cariboorose.com .
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 DiscoveryLithium
-
Cowtrail ,copper-gold, contiguous with Consolidated Woodjam Copper, 60% optionto BRS Mining
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) 2023 TheNewswire - All rights reserved.