Lightning Strike Phase 1 Drill Program Completed
Lightning Strike Phase 1 Drill Program Completed
Vancouver, B.C. September 24, 2021 – Cariboo Rose Resources (TSXV: CRB, OTC: CROOF )
(“Cariboo Rose” or the “Company”) is pleased to announce that the initial 1463m drill program at its
100% owned Lightning Strike project located in the Cariboo Region of southcentral BC ,
approximately 60 kilometers northeast of the community of 100 Mile House , has been completed .
Eleven holes were drilled, and samples are being shipped to t he lab and results will be published as
soon as they are received.
Lightning Strike is a shale hosted gold project located approximately 35 kilometers south of the Fraser
Gold project currently being explored by Karus Gold Corp, formerly part of Kore Minin g Limited
(TSX-V: KORE) and 95 kilometers southeast of the Spanish Mountain project currently being
explored 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 where gold
mineralization is attributed to the orogenic model.
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 ±80 million ounces and ±20 million ounces gold each.
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: [email protected]
About Cariboo Rose Resources Limited
Cariboo Rose owns seven mineral projects in British Columbia. A summary of these projects is as follows:
Carruthers Pass , 100% owned subject to an option with Vizsla Copper Corp. (TSX -V:VSU) (a spinout from Vizsla
Silver) who may earn a 60% interest by m aking payments of $650,000 and completing $3,000,000 in exploration, sediment
hosted massive sulfide discovered by Freeport McMoRan Copper and Gold in 1997, a 100% interest was acquired by
Cariboo Rose from FMC in 2011, located in northern BC south of the Kemess copper-gold mine, most significant to the
project is a mineralized slab of rock weighing several hundred tonnes protruding from talus with a drill intercept through it
of 3.1 meters grading 6.2% copper, 5.8% zinc, 2.37 g/t gold and 192.0 g/t silver, numerous untested geochemical and
geophysical targets.
Coquigold, 100% owned, epithermal gold (quartz -adularia) located in southern BC 10 kilometers north of Shovelnose
Mountain (Westhaven Gold Corp.-Shovelnose discovery), central to Coquigold is an area where in 2008 the BC Geological
Survey identified and sampled quartz sinter and several areas of silicified (chalcedonic) volcanic and intrusive breccia,
bedrock sampling in 2019 by Cariboo Rose confirmed an epithermal mineralizing event with bedrock sam ples returning up
to 43.1 grams per tonne silver, 559 ppm arsenic, 13,400 ppb mercury and 101ppm antimony, trenching is planned for 2021.
Cowtrail, 100% owned, located in southcentral BC, contiguous with the Woodjam copper -gold porphyry project owned by
Consolidated Woodjam Copper, reconnaissance drill testing of extensive induced polarization anomalies (vintage 1997,
2004 and 2006) define a vector of mineralization trending to the west beyond the area drilled, significant drill intercepts
include 1.16 g/t gold over 18.3m and 0.17% copper and 0.11 g/t gold over 40.0m, an untested soil gold arsenic anomaly
with coincident strong IP is located a further 2km to the west. Results for 900 soil samples collected earlier in 2021 have
now been received. Cowtrail is fully permitted.
CHG, 100% owned subject to an option with Black Shield Metals Corp. who may earn a 60% interest by making
payments of $300,000 and completing $1,500,000 in exploration by Nov 2025 and thereafter an additional 10% interest by
completing a bankable feasibility study within 24 months . CHG is located in southern BC near the community of Clinton,
CHG (short for Carbonate Hosted Gold) is drained to the east by three creeks with very strong gold silt anomalies in a
predominantly limestone terrane . Geotech Airborne Surveys is currently completing a VTEM airborne survey. CHG is
fully permitted.
Koster Dam , 55% owned (Ameriwest Lithium Inc. 45%), located in southern BC 10 kilometers north of the former
producing Blackdome gold mine, volcanic hosted g old target related to the Fraser River Fault system, recent programs
have located areas of >1 gram/t gold in rubble and chalcedonic quartz in outcrop. A Triaxial magnetic survey and a liDar
Survey were completed in June of this year with data currently being interpreted. Koster Dam is fully permitted.
Pat, 100% owned, staked by Cariboo Rose in 2004, located in southcentral BC contiguous with the Woodjam copper -gold
porphyry project owned by Consolidated Woodjam Copper, very strong unexplained magnetic airbo rne anomaly in
prospective Nicola Group volcanic rocks.
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 adequacy or accuracy of this release.