Cariboo Rose Resources (TSX-V: CRB) is pleased to announce that six additional holes (2,000 metres), in addition to the three currently being drilled (1,000 metres), have been added to the current drill program at the Woodjam gold-copper property. The Woodjam property is located in south-central British Columbia, five kilometres south of Imperial Metals Corp’s (TSX: III) Mount Polley mine property. The Woodjam property is a joint venture in which Cariboo Rose holds a 40% interest and Fjordland Exploration Inc. (TSX-V: FEX) holds a 60% interest.
Of the previously announced three holes, the first two holes have already been drilled in the newly discovered Southeast Zone located approximately three kilometres east of the Takom Zone (See News Release of July 19, 2007). The third hole of the previously announced program is now underway north of the Megabuck zone. All three of the initial holes were designed to look for new zones of mineralization based on induced polarization response as opposed to extending the limits of currently known mineralization.
The Woodjam property has had approximately 16,000 metres of drilling since 2001, most of which has been in the Megabuck zone. Exploration has demonstrated that the property is prospective for bulk-tonnage gold-copper deposits similar to other porphyry deposits in B.C.’s Quesnel Terrane. Drilling in 2004 included a hole that intersected 378 metres grading 0.81 g/t gold and 0.12% copper and another that intersected 397 metres grading 0.82 g/t gold and 0.12% copper. Drilling in 2006 included a hole with 94 metres grading 0.95 g/t gold and 0.19% copper and another hole with 92 metres grading 1.0 g/t gold and 0.22% copper.
J.W. Morton, P.Geo. and G.L. Garratt, P.Geo. are the qualified persons who have reviewed and take responsibility for this news release.
Bill Morton
J.W. (Bill) Morton, P.Geo
President
Contact: Paul Way, Business Development Manager
(604) 681-7913
Toll Free: 888-656-6611
pway@eastfieldgroup.com
Or visit the Company’s website at: http://www.cariboorose.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 and currently operates five mineral exploration projects in Western Canada. It was spun off from Wildrose Resources Ltd. (TSX-V: WRS) in 2006, to allow Wildrose to focus on the Spanish Mountain Project. Cariboo Rose is part of the Eastfield Group. Since its inception in 1987, the Eastfield Group has utilized a successful business strategy that leverages its exposure by securing third party exploration financing on the majority of its projects. The other companies in the Eastfield Group are Eastfield Resources (TSX-V: ETF) and Wildrose Resources.
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 Securities and Exchange Commission.
TSX:CRB