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Cariboo Rose Announces Pat Drill Results, B.C.
Cariboo Rose Announces Pat Drill Results, B.C.
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"\nCariboo Rose Announces Pat Drill Results, B.C.\n\n\n Mar. 5, 2010 (TheNewswire.ca) -- Vancouver, BC, March 5, 2010 - Cariboo Rose Resources Ltd. (TSXV:CRB) (\"Cariboo Rose\")(TSX-V: CRB) and Astorius Resources Ltd. (TSXV:ASQ) (\"Astorius\")(TSX-V: ASQ) have received the results from one of three holes in a three hole diamond drill program (747 metres total). The drilling was completed late in 2009 to test a strong regional magnetic feature interpreted to have potential to host a buried copper gold porphyry system. Three holes were drilled, of which two were completed and one abandoned in overburden.The second hole of the program, 09-P-06, intersected the bedrock interface at a depth of 146 metres and encountered a sequence of volcanic tuff/siltstone, sandstone and volcanic agglomerate believed to be part of the Eocene-age Kamloops Group which extends to the end of the hole at 316 metres. Several intervals of black carbonaceous material were encountered in the drill core and were initially suspected to be coal. The core was subsequently examined by Moose Mountain Technical Services; an east Kootenay based geological consulting and engineering group with expertise in coal geology. Moose Mountain concluded that while narrow intervals within the broader carbonaceous intervals can be described as \"coaly\" the carbonaceous material does not have a rank to classify as coal. Further research completed by Astorius and Cariboo Rose discovered two references to previous coal discoveries in the Pat project area. One discovery is referenced in the 1904 Report to the Minister of Mines and the other in a 2006 assessment report filed with the BC government describing a drill intercept of coal, nine kilometres to the west of the Pat property. Astorius and Cariboo Rose subsequently applied for nine coal permits (5,425 hectares) of which acknowledgement of receipt by the government (for the referral process) for eight of these has now been received. Minor pyritic intervals encountered in hole 09-P-06 will be sampled in the near term and analyzed for precious metal.The third hole of the program, 09-P-07 which was located a further 1,600 metres to the west, passed through 197 metres of overburden before intersecting the bedrock interface. Bedrock in hole 09-P-07 is a grey brown tuffaceous unit with minor pyrite and is quite distinct from bedrock ...