- Target - Shale hosted orogenic gold deposits, also called sediment hosted vein deposits
- Access - Road Access 60 km northeast of the Community of 100 Mile House
- Infrastructure - Excellent infrastructure nearby (powerlines, rail, roads)
- Property - 3,695 hectares (36.95 sq. kilometers)
Gold mineralization in the area of staking was first reported by Homestake Development Corporation in 1984 with the discovery of a significant soil gold anomaly underlain by Triassic aged shale and siltstone from which quartz carbonate boulders grading up to 25.10 g/t gold and 216.8 g/t silver were sampled.
In 2006 Skygold Ventures Ltd. (later Spanish Mountain Gold Corp.) staked this area and completed mechanical trenching and drilling in 2008 and 2010. Seven drill holes completed in this period are located on the Lightning Strike claims staked by Cariboo Rose. Significant intercepts include 4.54 g/t gold over 3.8 meters, 1.03 g/t gold over 26.0 meters, and 19.30 g/t gold over 1.5 meters. In 2019 Cariboo Rose extended soil geochemical grids to the south and east of the historic drilling with 665 samples collected which have confirmed the anomalous gold feature extending 1,500 meters to the south and 1,250 to the east of the previous target area.
Shale hosted orogenic gold deposits also called sediment hosted vein deposits are one of the most attractive models for large gold deposits in the world and include the giant Murantau and Sukoy Log deposits in Russia with resources of ±170 million ounces and ±20 million ounces gold respectively. Similar styles of gold mineralization locally include the Fraser Gold Project located 35 kilometers to the north and the Spanish Mountain Gold Project,95 kilometers to the northwest.
RECENT WORK - 2019
- Established Grids
- Completed soil sampling (760 samples) - strong Au anomaly extending 1.5 km from nearest drill hole
- Completed rock sampling, geological mapping and prospecting
- Several targets evident