Thunder Ridge Gold-Silver Project Acquisition Approved
Thunder Ridge Gold-Silver Project Acquisition Approved
Vancouver, BC, February 5, 2025. Cariboo Rose Resources Ltd. “Cariboo Rose” (TSX-V: CRB) is pleased to announce that it has received
TSX-V approval for an arms length transaction to option six mineral claims known as the Thunder Ridge gold-silver property (“Thunder
Ridge”) which lies contiguous to its Lightning Strike gold-silver property (“Lightning Strike”) in British Columbia.
The Company has the right to earn a 100% interest in the Thunde r Ridge property after making cash payments of $50,000 and shar e
issuances of 900,000 over a three year period. Payments $5,000 cash and 100,000 shares due upon signing of the option agreemen t
have been paid. A 2.0% Net Smelter Return, reducible to 0.75% f or $1,250,000 cash and 500,000 shares within 36 months of a of
positive Preliminary Economic Assessment, is reserved for the vendor.
Many impressive historical gold-silver drill intercepts have occurred on the Thunder Ridge Property including:
Hole Au (g/t) Ag(g/t) meters
SC005 45.49 7.9 2.5
SC007 0.81 24.1 20.5
SC017 8.84 - 7.5
SC018 2.88 - 24.0
SC031 0.77 - 54.0
ABOUT LIGHTNING STRIKE
T h e 1 0 0 % o w n e d L i g h t n i n g S t r i k e property, located 60 kilometers northeast of the community of 100 Mile House, BC and
encompassing 4,192 hectares (10,104 acres), is permissive for shale hosted precious metal. Shale hosted 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 Russia. A number
of noteworthy drill holes on Lightning Strike (outside Thunder Ridge) include:
• 3.42 g/t gold and 228.1 g/t silver over 5.0 meters
• 0.62 g/t gold and 7.2 g/t silver over 38.0 meters
• 0.77 g/t gold over 20.0 meters, and
• 19.30 g/t gold over 1.5 meters.
The property is well bisected by logging roads and is pickup truck accessible. An exploration permit to drill, valid until Apr il 28, 2029,
was granted in 2024.
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.
J.W. (Bill) Morton, P.Geo., President
Cariboo Rose Resources Ltd.
Contact:
Phone: (604) 681-7913, Toll Free: 888-656-6611
Email: [email protected]
Website: www.cariboorose.com
Neither the TSX Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of the TSX Ventu re
Exchange) accepts responsibility for the adequacy or accuracy of this news release.