Results of the 2016 Target Development Program on the Canadian Creek Property, Yukon
Vancouver, BC, October 5, 2016 - Cariboo Rose Resources Ltd. (TSX-V:
) ("Cariboo Rose") has received and compiled results from the 2016 exploration program on its 100% owned Canadian Creek Gold project located in the Yukon Territory.
Cariboo Rose's Canadian Creek Project is located 150 km south of Dawson City and borders, on the south side of, Goldcorp Inc.'s (TSX:
) Coffee Gold property. Goldcorp recently acquired the property by purchasing Kaminak Gold Corp. Adjoining Canadian Creek's eastern claim boundary is the large tonnage Casino copper-gold-molybdenum porphyry deposit owned by Western Copper and Gold Corp. (TSX:
The Canadian Creek property, approximately 10 km by 6.5 km in size, hosts structurally localized gold-bearing zones in the northern half of the property similar in style to Goldcorp’s Coffee deposit and porphyry copper-gold-molybdenum mineralization similar to Western Copper and Gold’s Casino deposit on the southern half.
The 2016 program at Canadian Creek was largely trenching and pit sampling on selected targets outlined by previous soil geochemical anomalies. The focus was directed at gold anomalies that expressed anomalous conditions similar to Kanimank’s occurrences. A small, helicopter-portable backhoe was used to dig test pits and if bedrock was located a trench was excavated. Less than half of the 41 test pits found bedrock and similarly bedrock occurred in only a portion of the 167 m in five trenches. The exercise proved useful in determining that the soil anomalies are related to gold-arsenic-antimony mineralization associated with quartz veining, structural alteration and, in the Malt targets, breccia filling over a large area. More detailed exploration with larger equipment and possibly reverse-circulation and RAB drilling will be needed to further evaluate this large target area.
Most of the work was completed on the KANA target which is approximately 7 km long. A summary follows:
ANA Target Area:
Bob Johnston, P.Geo., who managed the Canadian Creek field program and oversaw all the work in this program, and G. Garratt, P.Geo., are qualified persons within the context of National Instrument 43-101, and have read and take responsibility for this news release.
Glen Garratt, P.Geo, Director.
Cariboo Rose Resources Ltd.
Phone: (604) 681-7913, Toll Free: 888-656-6611
About Cariboo Rose Resources Limited
Cariboo Rose Resources is a well-funded prospect generating mineral exploration company with six precious and base metal exploration projects in BC 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
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.
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