) (“Cariboo Rose”) is pleased to announce that Castillian Resources Corp. (“Castillian”) (TSX-V: CT) has reported the results of its 2011 exploration program at the Canadian Creek property. The property consists of 320 claims covering approximately 6,180 hectares located 160 kilometres south of Dawson, approximately 50 kilometres southeast of Kinross Gold Corporation’s White Gold discovery and 25 kilometres southeast of Kaminak Gold Corporation’s Coffee Gold discovery. Work completed in 2011 included soil geochemistry grid sampling, detailed ground magnetic surveys, induced polarization surveys, trenching, and geological mapping. Assay results are pending for the trench samples. The spring 2012 program will include diamond drilling, additional trenching and induced polarization (IP) surveys.
A total of 5,660 soil geochemical samples including QA/QC duplicates were collected in 2011 at 50 metre intervals on lines spaced 200 metres, with in-fill sampling on 100 metre lines over areas with prospective gold-in-soil anomalies. In addition fill-in sampling was completed in some of the areas with historic soil sampling particularly in the northeast part of the property to better define existing anomalies. Soil results (> 40 ppb Au) define an extensive gold-in-soil anomaly with a strike length of 7.5 km and a width of 2.0 km. This new gold-in-soil anomaly which is 3.5 km in strike length extends a historic gold-in-soil anomaly on the property, previously named the Casino “B” trend, to form one large gold-in-soil trend that is 7.5 km long by 2.0 km wide, named the Canadian Creek trend.
The highest gold-in-soil results of the 2011 survey were returned in the eastern 3.0 km adjacent to the boundary with the Casino property. The anomaly in this area consists of a total of 310 samples, of which 56% or 173 are considered to be anomalous (above 40 ppb), with values ranging from < 1ppb to 970 ppb (0.97 g Au/t). Historic gold-in-soil values within this trend range from <1ppb to 2289 ppb (2.29 g Au/t).
A 391 line-kilometre detailed magnetic survey was completed in 2011 on the Canadian Creek property. A structural interpretation of this survey suggests that the Canadian Creek property contains a major ENE-WSW trending structural zone that is sub-parallel with the trend of the extensive gold-in-soil anomaly and may provide a significant control on gold mineralization on the property. The structural zone was later modified by a series of north-northwest striking faults which may also be important for location of gold mineralization.
A limited induced polarization survey of five north-south lines spaced at 200 metre intervals totalling 10 line-kilometres was completed in the area of historic drill holes CC09-08 and CC09-10, which intersected 3.46 g Au/t over 1.5m and 1.09 g Au/t over 3.0 metres, respectively. This survey has outlined two distinct zones of elevated chargeability that appear to correlate with magnetic and gold-in-soil anomalies in the general vicinity of the historic drill holes. Further survey lines need to be completed to better define the full extent of the anomaly; however, initial results are encouraging.
The Canadian Creek property abuts Kaminak Gold Corporation’s (“Kaminak”) Coffee Gold property immediately south of the recently discovered “Sugar gold-in-soil trend” (see Kaminak’s press release dated December 2, 2010 and Figure 2). On its eastern claim boundary the property is bordered by the very large tonnage Casino copper-gold-molybdenum porphyry deposit owned by Western Copper & Gold Corp. Cariboo Rose has granted Castillian an option to acquire a 60% interest in the Canadian Creek property. (see press releases dated October 18, 2010 and January 28, 2011).
Mr. Tony Gilman, P.Eng., Consulting Geologist/Geological Engineer with Terrane Geoscience Inc., and Mr. Kevin Brewer, P.Geo., Manager, Yukon for Castillian, both of whom are qualified persons as defined by National Instrument 43-101 (“NI 43-101”), have reviewed and approved the scientific and technical content of this press release. Geophysical surveys were completed under the direction of Dr. Chris Hale, P.Geo., Chief Geophysicist for Castillian. Dr. Hale is a qualified person as defined by NI 43-101. G. Garratt, P.Geo., who is the qualified person for Cariboo Rose as defined by NI43-101, 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: