Gold Fields Doubles Drilling Plans at Woodjam North, B.C.
March 2, 2010
Vancouver, BC - March 2, 2010: Cariboo Rose Resources Ltd. (TSX-V: CRB) and Fjordland Exploration Inc. (TSX-V: FEX), the Woodjam Joint Venture (‘WJV’) 40%/60% partners, have been informed by Gold Fields Horsefly Exploration Corporation (a member of the Gold Fields Limited group of companies (NYSE: GFI)) that it has recently decided to increase its planned winter drilling program, which resumed on February 10, 2010, to 7,000 metres. The 12-month program which began in July, 2009 is budgeted at $3 million.
Gold Fields now plans to drill several additional holes tracing the northeasterly mineralized trend in the Takom Zone, as previously described. The drill will then move onto the Deerhorn Zone and Spellbound Area, as reported earlier.
Tom Schroeter, President of Fjordland commented, ”The WJV is pleased with Gold Fields’ recent decision to significantly expand the winter drilling program. We look forward to receiving results of the drilling program over the next several months and reporting on them in a timely manner.
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.
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: email@example.com
About Gold Fields Limited
Gold Fields is one of the world’s largest unhedged producers of gold with attributable production of 3.6 million ounces* per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 81 million ounces and Mineral Resources of 271 million ounces. *Based on the annualized run rate for the first quarter of F2010.
About Cariboo Rose Resources Limited
Cariboo Rose Resources is a Canadian public mineral exploration company that explores for gold, copper and molybdenum deposits in British Columbia and the Yukon. Cariboo Rose Resources (40%) and Fjordland Exploration Inc. (60%) comprise the Woodjam Joint Venture which owns the Woodjam North property as well as the adjoining Woodjam South property. Cariboo Rose also has four 100% owned projects: A gold-copper property in the Tintina Gold Belt of the Yukon, two gold-copper properties adjacent to Woodjam North and a copper-silver-zinc property in central BC. Cariboo Rose Resources trades on the TSX - Venture exchange under the symbol CRB. For more information please visit the Company’s website at www.cariboorose.com.
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