Vizsla Copper Options 60% interest in Carruthers Pass
Vizsla Copper Options 60% interest in Carruthers Pass
Vancouver, BC, March 15, 2021, Cariboo Rose Resources Ltd. (“Cariboo”) (TSX-V: CRB) has entered
into an option agreement with Vizsla Copper Corp. (“Vizsla Copper”) that grants Vizsla Copper the right to
earn a 60% interest in the Carruthers Pass , copper-zinc-sliver-gold and cobalt property located in northern BC
approximately 75 kilometers southeast of the former producing Kemess copper gold mine owned by Centerra
Gold. Vizsla Copper is a proposed spin out from Vizsla Resources Corp. which has recently changed its name
to Vizsla Silver Corp. To complete the option Vizsula Copper is required to complete $3,000,000 in exploration
and make $650,000 in option payments (cash and shares) over a five year term.
Carruthers Pass is a shale hosted massive sulfide project (base and precious metal), discovered in 1997 by the
Phelps Dodge Corporation of Canada (now Freeport McMoRan Copper and Gold Inc.). Cariboo Rose
Resources Ltd. acquired Carruthers Pass in 2003 through an option agreement with Phelps Dodge and earned a
100% interest in the project in 2011 (subject to a 2.5% net smelter interest reducible to 1.0% for $1.5M). Most
significant to the project is a mineralized slab of rock protruding from t alus in the upper reaches of a valley
below gossanous cliffs. In 2011 the mineralized slab was core drilled. An intercept of 3.1 meters grading 6.2%
copper, 5.8% zinc, 2.37 g/t gold and 192.0 g/t silver was obtained before the drill bit passed through massive
sulfide and into unconsolidated material. Although the in situ source of the mineralized slab has not been
located it is almost certainly local . No further work has been completed at Carruthers Pass since the 2011
program.
The Carruthers Pass property consists of eight contiguous mineral claims covering 3,250 hectares
approximately 200 kilometers northeast of the community of Smithers. The Kemess Mine road passes 25
kilometers north and east of the claims while industrial lo gging roads extend from Takla Lake northward to
within 35 kilometers of the property.
The discovery of Carruthers Pass by Phelps Dodge in 1997 occurred during evaluation of regional
reconnaissance geochemical data from the BC Geological Survey which had id entified several drainages
originating from the area with anomalous coppe r, zinc, and cobalt values in silt samples . Rocks were
subsequently determined to be dominated by argillaceous sediments of the Triassic Dewar formation and the
mineralized slab and additional mineralized rubble was discovered. Much of the claim group has only received
preliminary evaluation.
Planning is in progress for an exploration program this season which will be further described in subsequent
news.
J.W. (Bill) Morton P.Geo, wi thin the context of the requirements of NI -43-101, is the qualified person who
takes full responsibility for this news release.
Bill Morton
J.W. (Bill), P.Geo.
President
Cariboo Rose Resources Ltd.
Contact:
Phone: (604) 681-7913, Toll Free: 888-656-6611; email: [email protected]
About Cariboo Rose Resources LimitedV
Cariboo Rose owns seven mineral projects in British Columbia. These include:
-Lightning Strike, shale hosted gold, located east of 100 Mile House, 100% owned
-Pat, porphyry copper-gold, contiguous with Consolidated Woodjam Copper, 100% owned
-Coquigold, epithermal gold, located north of Westhaven Gold Shovelnose, 100% owned
-Cowtrail, porphyry copper-gold, contiguous with Consolidated Woodjam Copper, 100% owned
-Carruthers Pass, located southwest of Kemess Mine, 60% option to Vizsla Copper Corp
-Carbonate Hosted Gold, located northwest of Clinton, 60% or 70% option to Black Shield Metals Corp
-Koster Dam, gold, located near Gang Ranch 55% - 45% joint venture with Oakley Ventures Inc
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.