Cariboo Rose’s Canadian Creek Project “Up and Runni ng”.
Cariboo Rose’s Canadian Creek Project “Up and Runni ng”.
Vancouver, BC, July 13, 2017 – Cariboo Rose Resourc es Ltd. (TSX-V: CRB ) (“Cariboo Rose”) is up
and running at full capacity on its Canadian Creek property located in the Yukon Territory. All
components of the camp are functioning properly and the crew currently consists of 10 people expanding
to 15 in early August. The current work being compl eted is predominantly focused on infill soil sampli ng,
magnetometer surveying and drill site construction for a drill program scheduled to start in early August.
The Canadian Creek property is located approximatel y 160 kilometers south of Dawson City. It abuts
Western Copper and Gold Corp’s (TSX: WRN ) Casino porphyry copper-gold-molybdenum property o n
the east and Goldcorp Inc.’s (TSX: G, NASDAQ: GG ) Coffee property on the north, sharing a 12
kilometer long boundary with Coffee and a 6 kilomet er boundary with Casino. Both Coffee (Goldcorp)
and Casino (Western Copper and Gold) have published multimillion ounce gold resources. Other active
programs in the area are being undertaken by severa l companies with particularly large programs being
undertaken by White Gold Corp. (TSX-V: WGO ) including one on the nearby Betty property.
The Canadian Creek Property, consisting of 311 claims, was assembled by Cariboo Rose (and predecessor
companies) by staking and claim purchases over a pe riod of 18 years starting in 1993. Geologically the
claims straddle two distinct domains. The southern half of the claims are underlain by intrusive units
which are believed to be the western continuation of the Casino Complex intrusions which host the Casino
Deposit (owned by Western Copper and Gold) while th e northern half of the claims are predominantly
underlain by sediments and schist belonging to the package of rocks that host auriferous quartz carbon ate
veins constituting the Coffee Deposit (owned by Gol dcorp). The two domains have readily identifiable
magnetic characteristics as evidenced by a 484 line kilometer magnetic survey.
Cumulative expenditures completed on the property s ince work started in 1993 is approximately $4.8
million. Work completed to date includes more than 20 kilometers of road construction, 40 diamond dril l
holes, 87 line kilometers of induced polarization s urveying, 484 line kilometers of ground base magnet ic
surveying and the collection and analysis of approx imately 10,000 soil and rock samples. Cariboo Rose
owns a 100% interest in the Canadian Creek property.
J.W. (Bill) Morton, P.Geo. is a qualified person wi thin the context of National Instrument 43-101, and has
read and takes responsibility for this news release.
J.W. Morton
Cariboo Rose Resources Ltd.
Contact:
Phone: (604) 681-7913, Toll Free: 888-656-6611
About Cariboo Rose Resources Limited
In addition to its 100% owned Canadian Creek proper ty Cariboo Rose owns interests in five mineral proj ects in
British Columbia four of which are 100% owned. Cari boo Rose also owns a strategic investment of 500,00 0 free
trading shares in Western Copper and Gold Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the ad equacy or accuracy of this release.