(TheNewswire)
Vancouver, BC, February 6 , 2025 – TheNewswire - Cariboo Rose ResourcesLtd. “ CaribooRose ” ( TSX-V: CRB ) is pleased to announce that it has received TSX-V approvalfor an arms length transaction to option six mineral claims known asthe Thunder Ridge gold-silver property (“ Thunder Ridge ”)which lies contiguous to its Lightning Strike gold-silver property( “LightningStrike” ) in British Columbia.
The Company has the right to earn a 100% interest inthe Thunder Ridge property after making cash payments of $50,000 andshare issuances of 900,000 over a three year period. Payments$5 ,000 cash and 100,000 shares due upon signingof the option agreement have been paid. A 2.0%Net Smelter Return, reducible to 0.75% for $1,250,000 cash and 500,000shares within 36 months of a of positivePreliminary Economic Assessment, is reserved for the vendor.
Many impressive historical gold-silver drill interceptshave occurred on the Thunder Ridge Property including:
Hole | Au (g/t) | Ag(g/t) | |
SC005 | 45.49 | 7.9 | 2.5 |
SC007 | 0.81 | 24.1 | 20.5 |
SC017 | 8.84 | - | 7.5 |
SC018 | 2.88 | - | 24.0 |
SC031 | 0.77 | - | 54.0 |
ABOUT LIGHTNING STRIKE
The 100% owned Lightning Strike property, located 60kilometers northeast of the community of 100 Mile House, BC andencompassing 4,192 hectares (10,104 acres), is permissive for shalehosted precious metal. Shale hosted golddeposits are one of the most attractive models for large gold depositsin the world and include the giant Murantau and Sukoy Log deposits inRussia. A number of noteworthy drill holes on Lightning Strike(outside Thunder Ridge) include:
3.42 g/t gold and 228.1 g/t silver over 5.0meters
0.62 g/t gold and 7.2 g/t silver over 38.0meters
0.77 g/t gold over 20.0 meters, and
19.30 g/t gold over 1.5 meters.
The property is well bisected by logging roads and ispickup truck accessible. An exploration permitto drill, valid until April 28, 2029, was granted in 2024.
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.
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
Website: www.cariboorose.com
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 news release.
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