Vancouver, BC, Sept 16, 2022, Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSX-V: CRB) has resumed reverse circulation drilling at its 100% owned Lightning Strike gold-silver project located in the Cariboo region of BC, 70 kilometers northeast of the community of 100 Mile House.
Lightning Strike is a shale hosted gold project approximately 95 kilometers southeast of the Spanish Mountain project owned by Spanish Mountain Gold Ltd. (TSX-V: SPA) and 35 kilometers south of the Fraser Gold project owned by Karus Gold Corp. Lightning Strike, Frasergold and Spanish Mountain share a common geological setting in a Triassic aged shale-siltstone sequence. At Lightning Strike significant gold mineralization is also commonly accompanied with significant accessory silver (example 72.8 g/t silver over 1.52 meters being the maximum value of single core sample from the 2021 program).
Lightning Strike occurs in a flat to undulating landscape at an elevation of approximately 1,000 meters (3,300 feet) where outcrop is essentially nonexistent and where targets are blind.
Significant drill intercepts from the 2021 program (previously reported) included:
| LSRC21-06 | 0.62 g/t Gold over 38.1 m (91.4-129.5 m) |
| including | |
| 1.43 g/t Gold and 16.3 g/t Silver over 10.6 m (108.2 to 118.9 m) | |
| LSRC21-08 | 0.54 g/t Gold and 14.8 g/t Silver over 19.8 m (64.0-83.8 m) |
| including | |
| 1.00 g/t Gold and 34.2 g/t Silver over 7.6 m (74.7-82.3 m) |
Shale hosted orogenic gold 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 Asia with resources of ±80 million ounces and ±20 million ounces gold each.
It is estimated that 1,500 meters of drilling will be completed in the current program (±10 holes).
J.W. (Bill) Morton P.Geo, within the context of the requirements of NI-43-101, is the qualified person who takes responsibility for this news release.
Bill Morton
J.W. (Bill) Morton, P.Geo., President
Cariboo Rose Resources Ltd.
Contact:
Phone: (604) 681-7913, Toll Free: 888-656-6611; email: info@eastfieldgroup.com
