Cariboo Rose Resources Discovers New High Grade Copper Occurrence in Southeast BC
Vancouver, BC, December 2, 2014 – Cariboo Rose Resources Ltd. (TSX-V: CRB) (“Cariboo Rose”) is pleased to report a discovery and subsequent staking of high-grade copper mineralization in southeastern BC, called the Torrential Claim.
The discovery, while still the early stages, was made in late September while following up a report in provincial Minister of Mines reports dating to the period around the First World War. Several grab samples were taken in the September site visit from a cliff located approximately six km north of the Skookumchuck River. One sample returned an analysis of 6.7% copper and another 1.1% lead and 0.14% zinc. Mineralization in the sample occurs as disseminations and fracture fillings in feldspar rich dykes that intrude middle Proterozoic age Purcell Group sediments. The September site visit was following up a reference in the 1918 Report to the British Columbia Minister of Mines to a “20 foot wide iron pyrite covered ledge recently discovered on the Skookumchuck River” and a reference in the 1921 Report to the British Columbia Minister of Mines (probably the same occurrence) to a sample assaying 11% copper over a width of four feet. While the new discovery is not interpreted to be the occurrence referenced in 1918 and 1921, it is assumed to be within a few km of it suggesting that the area in between has significant potential.
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.
Contact:
Paul Way, Business Development Manager
Phone: (604) 681-7913, Toll Free: 888-656-6611; email: pway@eastfieldgroup.com
About Cariboo Rose Resources Limited
Cariboo Rose Resources is a prospect generating mineral exploration company with seven gold, copper and molybdenum exploration projects in British Columbia and the Yukon. 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.