Vancouver, BC, August 10, 2017 – Cariboo Rose Resources Ltd. (TSX-V: CRB) (“Cariboo Rose”) is pleased to announce that drilling has started at Canadian Creek. The drill contractor, Midnight Sun Drilling of Whitehorse, is using state of the art reverse circulation equipment. Multiple targets are being tested. Predominant geological characteristics of drill targets are the upslope traces of linear gold, arsenic, antimony and bismuth soil values coincident with induced polarization or magnetic field breaks.
The Canadian Creek property is located approximately 160 km south of Dawson City and encompasses 311 claims. It abuts Western Copper and Gold Corp’s (TSX: WRN) Casino porphyry copper-gold-molybdenum property on the east and Goldcorp Inc.’s (TSX: G, NASDAQ: GG) Coffee property on the north, sharing a 12 km long boundary with Coffee and a six km boundary with Casino. Both Coffee (Goldcorp) and Casino (Western Copper and Gold) have published multimillion ounce gold resources. Other active programs in the area are being undertaken by several companies with particularly large programs being undertaken by White Gold Corp. (TSX-V: WGO) including one on the nearby Betty property.
J.W. (Bill) 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
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 Cariboo Rose owns interests in five mineral projects in British Columbia four of which are 100% owned. In addition to mineral properties Cariboo Rose owns a strategic investment in Western Copper and Gold Corp.
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.