Attention to this area occurred following a review of an unpublished report completed in the mid 1980’s during active mining at Blackdome. 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. A subsequent search of assessment records indicates that part of the current claims was staked a few years later and re-sampled confirming the initial results with heavy mineral sample results of up to 20 g/t Au being obtained. The assessment report indicates that only four rock samples were collected and it appears that follow-up was minimal.
Koster Dam is road accessible and located in a semiarid landscape at an average elevation of 1,200 metres.
Significance in Koster Dam is two fold:
1.) It appears that a significant geochemical gold anomaly has been identified but left untested.
2.) 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 kilometres to the west, the Blackwater Davidson occurrence located 220 kilometres to the northwest and the Blackdome Mine located 18 kilometres to the south.
Cariboo Rose intends to start it evaluation of Koster Dam with a program focusing on prospecting and detailed rock and sediment sampling.
Cariboo Rose has 28,516,577 shares issued and approximately $900,000 in cash
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: email@example.com
About Cariboo Rose Resources Limited
Cariboo Rose Resources is a prospect generating mineral exploration company with six gold, copper and molybdenum exploration projects in British Columbia and the Yukon. Properties 100% owned include the Monte Christo gold-copper project in the Cariboo Region of south-central British Columbia, the Koster Dam gold project in south-central British Columbia and the Pat gold-copper property in the Cariboo region of south-central British Columbia. Projects optioned out include the Canadian Creek copper-gold property located in the White Gold District of the Yukon optioned to Castillian Resources Corp. (TSX-V: CT), the Cowtrail gold-copper property which is a 35%/65% joint venture with Dajin Resources Corp. (TSX-V: DJI) located in the Cariboo region of south-central British Columbia and the Carruthers Pass copper-zinc-silver property in north-central British Columbia optioned to La Quinta Resources Corporation (TSX-V: LAQ). 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.
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