CHG

CHG Project

Gold

• 100% owned.
• The primary target for this exploration is carbonate hosted gold (CHG) modeled on a number of gold deposits including the deposits of Carlin Nevada and the high grade Muddy Lake deposit located in northern BC.
• Regional stream sediment sampling carried out by Cariboo Rose in 2004 led to the discovery of anomalous gold values from a series of streams outlining an 8 kilometer long target area.
• Early Stage project that is poised for discovery.
• Under option to Basin Uranium Corp.

Access

Extensive clear-cut logging has occurred recently on the project claims due to the pine beetle infestation and has provided greatly improved access and new rock exposure.

Status

The Carbonate Hosted Gold project is 100 per cent owned, subject to an option with Basin Uranium Corp., which may earn a 60-per-cent interest by making payments of $300,000 and completing $1.5-million in exploration by November, 2025, and thereafter an additional 10-per-cent interest by completing a bankable feasibility study within 24 months.