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Airborne Geophysical Survey Completed on CHG Gold Project
(TheNewswire) Vancouver, B.C. - TheNewswire - October 1, 2021 –...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"Airborne Geophysical Survey Completed on CHG Gold Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n \n TheNewswire -\n \n \n October 1, 2021 – Cariboo Rose Resources\n(TSXV:CRB\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:CROOF)\n \n \n (“\n \n \n Cariboo\nRose\n \n \n ”\n \n \n is pleased to\nannounce that on September 26 its option partner\n \n \n Black Shield Metals\n \n \n Corp (“Black Shield” (CSE: BDX)\n \n \n completed flying\n \n \n an airborne\ngeophysical survey on\n \n \n the Carbonate Hosted Gold\nProject (“CHG Project”) located northwest of the town of Clinton,\nin south-central British Columbia. Data from the survey is now being\nprocessed by the contractor, Geotech Airborne Geophysical Surveys of\nAurora Ontario, will assist in defining and prioritizing targets.\nThree hundred and thirty five line kilometers (335) of helicopter\nborne survey were flown using the\n \n \n VTEM™ Time\nDomain EM system which has proven to be effective for locating\ndiscrete conductive anomalies as well as mapping lateral and vertical\nvariations in resistivity (to identify contacts and faults which are\npotential fluid pathways).\n \n \n \n \n The CHG Project CHG (short for Carbonate Hosted Gold)\nis drained to the east by three parallel creeks spaced approximately 3\nkilometers apart, each with very strong gold silt anomalies with sharp\nupstream cutoffs. Bedrock is predominantly limestone and outcrop is\nrare except at higher elevations. An historic report from the\nGeological Survey of Canada makes reference to high-grade gold values\nin silicified carbonate samples (jasper) being discovered near Clinton\nand speculated to originate in the area now covered by the CHG claims.\n \n \n \n \n Black Shield Metals Corp. may earn a 60% interest in\nCHG by completing $1,500,000 in exploration and making payments of\n$300,000 and by Nov 2025 thereafter an additional 10% interest by\ncompleting a bankable feasibility study within 24 months. The project\nis fully permitted.\n \n \n \n \n J.W. (Bill) Morton P. Geo, within the context of the\nrequirements of NI-43-101, is the qualified person who takes\nresponsibility for this news release.\n \n \n \n \n Bill Morton\n \n \n \n J.W. (Bill) Morton, P.Geo.\n \n \n President\n \n \n \n Cariboo Rose Resources Ltd.\n \n...