Vancouver, BC, September 13, 2017 – Cariboo Rose Resources Ltd. (TSX-V: CRB) (“Cariboo Rose”) would like to announce that while it waits on assay results from 24 reverse circulation holes completed at its 100% owned Canadian Creek property in the Yukon it continues to identify new targets on its 100% owned Carbonate Hosted Gold project located in south-central BC and reviews its 100% owned Carruthers Pass copper-gold-silver-zinc-cobalt project located in north-central BC (for the most recent update on the Canadian Creek project see news release dated August 31, 2017). Assays for the 2017 Canadian Creek drill program are expected at the end of September.
The Carbonated Hosted Gold Project (4,804 hectares) is located near the town of Clinton. The primary target for the project is carbonate hosted gold (CHG) modeled on a number of gold deposits including Carlin Nevada, the high grade Muddy Lake deposit located in northern BC and the recent discoveries in the Yukon Territory. The first claims for the Carbonate Hosted Gold Project were staked in 2012 to cover prospective source areas for high gold values in heavy mineral samples collected in 1986 and corroborative BCGS stream sediment anomalies which validated historic Geological Survey of Canada references from the 1890s describing float samples (“jasperoid”) with high-grade gold contents. Exploration programs subsequently completed in 2013, 2014, 2015 and 2016 have delineated localized strong stream sediment gold anomalies. Further work is planned this season up-slope of these anomalies once access restrictions caused by recent forest fires abate.
The Carruthers Pass Project (3,250 hectares) is a massive sulfide project (VMS), base and precious metal project, located in Northern BC approximately 30 km west of the Kemess Mine road. It was discovered in 1997 by the Phelps Dodge Corporation of Canada (now Freeport McMoran Exploration) following up regional copper, zinc and cobalt stream sediment anomalies and was subsequently optioned in 2003 to a predecessor company of Cariboo Rose. In 2011 a 100% interest in the project was earned. Most significant to the project is a mineralized slab of rock protruding from talus in the upper reaches of a valley below gossanous cliffs. In 2011 the mineralized slab was drilled resulting in a intercept of 3.1 metres grading 6.2% copper, 5.8% zinc, 2.37 g/t gold and 192.0 g/t silver before the drill bit passed through the mineralized interval and into unconsolidated material. Although the source of the mineralized slab remains elusive, it is almost certainly in the immediate area. A very large and robust soil copper/zinc anomaly has been delimited which parallels favourable stratigraphy for several kilometres.
J.W. Morton, P.Geo. is a qualified person within the context of National Instrument 43-101, and has read and takes responsibility for this news release.
J.W. Morton, President and CEO
Cariboo Rose Resources Ltd.
Contact:
Phone: (604) 681-7913, Toll Free: 888-656-6611
About Cariboo Rose Resources Limited
In addition to its 100% owned Canadian Creek property in the Yukon, Cariboo Rose owns interests in five mineral projects in British Columbia four of which are 100% owned. Cariboo Rose also owns a strategic investment in Western Copper and Gold Corp.
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