Historically, at Koster Dam, heavy mineral samples from several small drainages within the area of the claims returned very high gold values with some exceeding 10 g/t Au. Assessment records indicate subsequent heavy mineral sample results of up to 20 g/t Au. The claims fall within the Cretaceous/Eocene Age Nechako Basin which has recently become a significant gold environment with targets including the Newton Hill occurrence located 90 km to the west, the Blackwater Davidson occurrence located 220 km to the northwest and the Blackdome Mine located 18 km to the south.
Cariboo Rose will, following the current program at Koster Dam, commence work on its 100% owned Carbonate Hosted Gold program. The subject of this exploration is the carbonate stratigraphy between Cache Creek, BC and the Alkali Lake Ranch (east of the Fraser River approximately 100 km further north). In 2014, several anomalous drainages were identified in this area by Cariboo Rose, where a number of consecutive silt samples exceeded 100 ppb Au (maximum 621 ppb Au) and duplicate samples concentrated in a portable sluice box exceeded 100 ppb Au (maximum 1,747 ppb Au). The Carbonate Hosted Gold program (CHG) is based on specific similarities between the geological setting of this region and that of Carlin, Nevada.
Bill Morton, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
J.W. (Bill) Morton, P.Geo.
President and CEO
Cariboo Rose Resources Ltd.
Paul Way, Business Development Manager
Phone: (604) 681-7913, Toll Free: 888-656-6611; email: firstname.lastname@example.org
About Cariboo Rose Resources Limited
Cariboo Rose Resources is a prospect generating mineral exploration company with seven gold, copper and molybdenum exploration projects in British Columbia and the Yukon. Cariboo Rose trades on the TSX Venture exchange under the symbol “CRB”. For more information please visit the Company’s website at www.cariboorose.com.