- 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 - 1205 hectares (12 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. Six drill holes completed in this period are located on the Lightning Strike claims recently 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.
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.
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