(TheNewswire)
Vancouver, B.C. - TheNewswire - September 24, 2021 – Cariboo RoseResources (TSXV:CRB ) ( OTC:CROOF) (“Cariboo Rose” or the “Company”) is pleased toannounce that the initial 1463m drill program at its 100% ownedLightning Strike project located in the Cariboo Region ofsouthcentral BC, approximately 60 kilometers northeast of thecommunity of 100 Mile House, has been completed. Elevenholes were drilled, and samples are being shipped to the lab andresults will be published as soon as they are received.
Lightning Strike is a shale hosted gold project locatedapproximately 35 kilometers south of the Fraser Gold project currentlybeing explored by Karus Gold Corp, formerly part of Kore MiningLimited ( TSX-V: KORE ) and 95 kilometers southeast of the Spanish Mountain projectcurrently being explored by Spanish Mountain Gold Ltd. ( TSX-V: SPA ).Lightning Strike, Frasergold and Spanish Mountain share a commongeological setting in a Triassic aged shale-siltstone sequence wheregold mineralization is attributed to the orogenic model.
Shale hosted orogenic gold deposits, also calledsediment hosted vein deposits, are one of the most attractive modelsfor large gold deposits in the world and include the giant Murantauand Sukoy Log deposits in Russia with resources of ±80 million ouncesand ±20 million ounces gold each.
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.
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. 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) who may earn a 60% interestby making payments of $650,000 and completing $3,000,000 inexploration, sediment hosted massive sulfide discovered by FreeportMcMoRan Copper and Gold in 1997, a 100% interest was acquired byCariboo Rose from FMC in 2011, located in northern BC south of theKemess copper-gold mine, most significant to the project is amineralized slab of rock weighing several hundred tonnes protrudingfrom talus with a drill intercept through it of 3.1 meters grading6.2% copper, 5.8% zinc, 2.37 g/t gold and 192.0 g/t silver, numerousuntested geochemical and geophysical targets.
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 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. Results for 900 soil samples collected earlier in 2021 havenow been received. Cowtrail is fully permitted.
CHG , 100% ownedsubject to an option with Black Shield Metals Corp. who may earn a60% interest by making payments of $300,000 and completing $1,500,000in exploration by Nov 2025 and thereafter an additional 10% interestby completing 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.Geotech Airborne Surveys is currently completing a VTEM airbornesurvey. CHG 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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