Announcement Date: 2022-03-07
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Cariboo Rose Resources Ltd.
Project name: Lightning Strike
Location: Canada
Commodities: Gold,Silver
Highlight: Drilling results incl. 38.1m @ 7.2g/t Ag, 0.62g/t Au from 91.4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, BC, March 7, 2022, Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSX-V: CRB) reports on recent reverse circulation drill results 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. The project occurs in a flat to undulating landscape at an elevation of approximately 1,000 meters (3,300 feet) where outcrop is essentially nonexistent and results are consequently from blind targets. Lightning Strike is a shale hosted gold project approximately 35 kilometers south of the Fraser Gold project owned by Karus Gold Corp. and 95 kilometers southeast of the Spanish Mountain project owned by Spanish Mountain Gold Ltd. (TSX-V: SPA). 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 accessory silver (72.8 g/t over 1.52 meters maximum value this program). Significant drill intercepts from the 2021 program are as follows 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. Plans to follow up the 2021 success are being formalized
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