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24 Hole RC Drill Program Yields Numerous Gold Intercepts At the Canadian Creek Project, Yukon
(via TheNewswire) Vancouver, BC / TheNewswire / October 30 , 2017 - Cariboo Rose Resource...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"24 Hole RC Drill Program Yields Numerous Gold Intercepts At the Canadian Creek Project, Yukon(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / October 30, 2017 - Cariboo Rose Resources Ltd. (TSX-V: CRB) (\"Cariboo Rose\") is pleased to announce results from the reverse circulation (RC) drilling program completed on the Canadian Creek Project located approximately 160 km south of Dawson City. The property abuts Western Copper and Gold Corp's (TSX: WRN) Casino porphyry copper-gold-molybdenum property on the east and Goldcorp Inc.'s (TSX: G, NASDAQ: GG) Coffee property on the north, sharing a 12 km long boundary with Coffee and a six km boundary with Casino. Both Coffee (Goldcorp) and Casino (Western Copper and Gold) have published multi-million ounce gold resources. \n\n \n \nA broad first-pass drill testing of multi-kilometre long soil geochemical anomalies resulted in 24 holes totaling 2144.22 m, exploring a range of geological, geophysical and geochemical targets in the Koffee Bowl South, Linear A, Malt East and Kana Zones.(go to www.cariboorose.com for a drill hole location map) Hole depths ranged from 16.76 m to 126.49 m. The drill holes were designed to validate the geochemical soil targets and to vector towards their feeders. Of the 24 holes, 20 intersected gold intercepts and strong trace element association. Tables summarizing all of the drill results may be found at the end of this news release.\n\n \n \nAnalytical results proved the existence of differing styles of gold mineralization across the Canadian Creek property, including discrete zones that contained up to 4.46g/t gold (hole CCRC17-23, in the eastern part of the property), to broad zones of mineralization such as 107.59 metres averaging 0.14g/t gold in hole CCRC17-08 in the central part of the property. The high gold values were often associated with anomalous arsenic and antimony which has proven to be useful pathfinder elements in other properties in the area. Only 4 of the 24 holes did not return significant gold results. It is evident that a broad area several kilometres in length hosts structurally hosted gold systems and that much more drill testing needs to be completed. A brief summary of the results by area follows:\n\n \n \nKoffee Bowl Target:\n\n\n \nThe first two holes of the programme, CCRC17-01 and 02 targeted coincident geophysical and geoche...