- 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 Black Sheild Metals Corp.
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.