Cariboo Rose Resources Announces Drilling at Woodjam South (Southeast Zone) Yields 297 m Grading 0.49% Copper, 0.06 g/t Gold and 0.016% Molybdenum
Vancouver, BC, July 21, 2011 - Cariboo Rose Resources Ltd. (TSX-V:
) and Fjordland Exploration Inc. (TSX-V:
), 40%-60% partners in the Woodjam Joint Venture (“WJV”), report that Gold Fields Limited’s (NYSE:
) exploration company, Gold Fields Horsefly Exploration Corporation (“Gold Fields”), has forwarded drill results from seven new holes (2,963 m) of the 2011 infill and expansion diamond drilling program, testing a previously defined core area of mineralization measuring 800 m by 630 m on the Southeast Zone of the Woodjam South copper-gold-molybdenum property. The Property is located 45 km east of Williams Lake in south-central British Columbia.
To date, 28 holes totaling more than 11,000 metres (m) have been completed in the 2011 program; further results will be reported in batches when received.
Southeast Zone Drilling:
|Hole ID||From (m)||To (m)||Int. (m)||Cu%||Au g/t||Mo%||Cu Eq %|
Hole SE11-25 was collared 50 m northeast of historic drill hole WJ08-84, which assayed 0.69% Cu, 0.26 g/t Au and 0.006% Mo, including 1.01% Cu, 0.44 g/t Au and 0.002% Mo over 200.8 m. Hole SE11-25 encountered copper-molybdenum mineralization from the top of the bedrock to the end of the hole at 412.4 m, and included a higher-grade interval assaying 0.55% Cu and 0.21 g/t Au over 151.8 m. The final 1.4 m of the hole assayed 0.39% Cu, 0.03 g/t Au and 0.003% Mo.
Hole SE11-34 was collared between holes SE11-14 and WJ08-86, approximately 175 m to the northwest of historic hole WJ08-84. Hole SE11-34 encountered copper-gold-molybdenum mineralization from the top of the bedrock to the end of the hole at 440.1 m, and included a higher-grade interval assaying 0.62% Cu, 0.08 g/t Au and 0.001% Mo over 148 m. The hole bottomed in well mineralized rock, including a 2-m interval from 435 to 437 m grading 0.93% Cu, 0.06 g/t Au and 0.022% Mo.
Hole SE11-35 was collared between holes SE11-08 and WJ08-95 to test the south-east extent of the mineralization. Copper-gold-molybdenum mineralization was intersected from the top of the bedrock to the end of the hole at 398.1 m, and included a higher-grade interval assaying 0.37% Cu, 0.04 g/t Au and 0.001% Mo over the last 39.1 m of the hole. The final 2.1 m of the hole assayed 0.42% Cu, 0.04 g/t Au and 0.002% Mo.
Hole SE11-37 was collared midway between holes WJ08-86 and WJ07-73 to test the south-east extent of the mineralization. Copper-gold-molybdenum mineralization was intersected from the top of the bedrock to the end of the hole at 398.1 m, and included a higher-grade interval assaying 0.30% Cu, 0.05 g/t Au and 0.015% Mo over 147.3 m at the bottom of the hole. The final 2.1 m of the hole assayed 0.21% Cu and 0.05 g/t Au.
Hole SE11-38 was collared approximately 75 m south-southwest of hole SE11-28 to test the south-southwestern extent of the mineralization. Copper-gold-molybdenum mineralization was intersected from the top of the bedrock to the end of the hole at 395.0 m, except from 264.9 to 289.1 m where an unmineralized plagioclase porphyry dyke occurs. The final 2-m interval assayed 0.27% Cu, 0.03 g/t Au and 0.002% Mo.
Hole SE11-39 was collared between holes SE10-17, S10-12 and WJ08-88, to test for mineralization in the southwestern portion of the core area. Copper-gold-molybdenum mineralization was intersected from the top of the bedrock to the bottom of the hole at 412.7 m, and included a higher-grade interval assaying 0.40% Cu, 0.06 g/t Au and 0.016% Mo over 165.5 m. The final 1.7-m interval assayed 0.30% Cu and 0.04 g/t Au.
Hole SE11-40 was collared midway between holes SE11-22 and WJ08-91, to test the south-southwestern extent of the mineralization. Copper-gold-molybdenum mineralization was intersected from the top of the bedrock to the bottom of the hole at 406.3 m.
Assay results for holes SE11-23, SE11-30 and SE11-36 have not yet been approved under the project’s strict quality control/quality assurance procedures.
All 56 drill holes reported on the Southeast Zone to date are mineralized from the overburden/bedrock interface to the bottoms of the holes; several have ended in well-mineralized rock. The current drilling program is testing mineralization to depths of about 400 m; however, the deepest hole to date (WJ08-82) is just over 700 m and ended in mineralization. Two drills continue infill and expansion drilling on the western and northern portions of the core area of mineralization.
Core samples were analyzed by ALS Laboratory Group, a certified facility in North Vancouver, BC. G. 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, Director.
Cariboo Rose Resources Ltd.
Paul Way, Business Development Manager
Phone: (604) 681-7913, Toll Free: 888-656-6611; email:
About Cariboo Rose Resources Limited
Cariboo Rose Resources Ltd. is a mineral exploration company with six gold, copper and molybdenum exploration projects in British Columbia and the Yukon. The Woodjam North and Woodjam South copper-gold-molybdenum properties (totaling 56,150 ha) belong to the Woodjam Joint Venture which consists of Cariboo Rose (40%) and Fjordland Exploration Inc. (TSX-V:
) (60%). Both properties are under option to Gold Fields Horsefly Exploration Corporation. Cariboo Rose and Fjordland have recently announced plans to amalgamate their interest in both Woodjam properties and spin-out the properties to shareholders in the form of a new publicly listed company (See Cariboo Rose news release of June 29, 2011). Other properties include the Canadian Creek copper-gold property located in the White Gold District of the Yukon optioned to Castillian Resources Corp. (TSX-V:
); the Cowtrail gold property optioned to Dajin Resources Corp. (TSX-V:
) located in the Cariboo region adjacent to and north of the company’s Woodjam North property; The Carruthers Pass copper-zinc-silver property in north-central British Columbia subject to a Letter of Intent to option the project to La Quinta Resources Corporation (TSX-V:
); and the Pat gold-copper property in the Cariboo region of south-central British Columbia adjacent to the company’s Woodjam North property. Cariboo Rose trades on the TSX Venture exchange under the symbol “CRB”. For more information please visit the Company’s website at
About Gold Fields Limited
Gold Fields is one of the world’s largest unhedged producers of gold with attributable, annualized production of 3.6 million ounces per annum from eight operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfield and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 77 million ounces and Mineral Resources of 225 million ounces. For more information visit the company’s website at
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.