Vancouver, BC, September 24, 2009 - Cariboo Rose Resources Ltd. (TSX-V: CRB) and Alder Resources Ltd. (TSX-V: ALR) are pleased to give an update on the exploration program on the Canadian Creek Property. The Canadian Creek property is located in the Whitehorse Mining District of the Yukon Territory 160 km south of Dawson City. The property is also 50 km southeast of the Underworld Resources Inc. owned White Gold project and approximately 25 km southeast of Kaminak Gold Corp.’s Coffee property.
program is targeting a 4.0 km long trend of strong individual gold and arsenic soil anomalies that are 500 m to 1.5 km long (see news release dated Sept. 9/09) as well as geophysical targets outlined by IP chargeability highs.
An additional 35 claims (733 hectares) have been staked which tie on to the north of the Canadian Creek property. These claims were staked in order to cover a possible extension of newly discovered soil and IP chargeability anomalies. This expands the property size to 5,533 hectares.
A grab sample taken from a pyritic, quartz-bearing shear on the Ana claims returned 2.5 g/t gold and is associated with arsenopyrite. This area lies within a northeast trending soil gold anomaly that is approximately 1.2 km south of the newly gridded gold-arsenic anomaly described above. This area forms an additional target for future work.
Alder can earn a 60% interest in the Property by making cash payments totaling $250,000 and issuing 250,000 shares to Cariboo Rose and fulfilling exploration expenditures on the property totaling $2,500,000 by June 18, 2013.
G.L. Garratt, P. Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Bob Johnston, P. Geo., also a qualified person within the context of National Instrument 43-101, is supervising the project work in the field.
Glen Garratt, P.Geo.
VP Exploration, Director
Cariboo Rose Resources Ltd.
Contact:
Paul Way, Business Development Manager
Phone (604) 681-7913, Toll Free: 888-656-6611
Email: pway@eastfieldgroup.com
About Cariboo Rose Resources Ltd.
Cariboo Rose Resources Ltd. is a Canadian public resource company that trades on the TSX - Venture exchange under the symbol CRB. Cariboo Rose has six gold, copper and molybdenum exploration projects in Western Canada. The company’s Woodjam North property is under option to the Gold Fields Limited group of companies (NYSE: GFI). Cariboo Rose is part of the Eastfield Group. Since its inception in 1987, the Eastfield Group has utilized a successful business strategy that leverages exposure by securing third party exploration financing on the majority of its projects. Other affiliated companies in the group include Eastfield Resources Ltd. (TSX-V: ETF) and Lorraine Copper Corp. (TSX-V: LLC). For more information please visit the Company’s website at www.cariboorose.com.
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX - Venture Exchange, the British Columbia Securities Commission and the US