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.
The Carbonate Hosted Gold project is optioned to a private comapny called Black Sheild Metals Corp. Black Shield may earn a 60% interest in the Project, currently 100% owned by Cariboo, by completing $1,500,000 in work and making $300,000 in payments over a 51/2 year term. Following earning a 60% interest, Black Shield may earn an additional 10% interest (70% total) by paying Cariboo an additional $500,000 and completing a feasibility study within a further 24 months.