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Cariboo Rose Resources Announces: Deerhorn Zone Drill Hole Intersects 157 m Grading 1.14g/t Gold and 0.29% Copper
Cariboo Rose Resources Announces: Deerhorn Zone Drill Hole Intersects 157 m Grading 1.14g/t Gold ...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"\nCariboo Rose Resources Announces: Deerhorn Zone Drill Hole Intersects 157 m Grading 1.14g/t Gold and 0.29% Copper\n\n\n Nov. 22, 2010 (TheNewswire.ca) -- Vancouver, BC, November 22, 2010 - Cariboo Rose Resources (TSXV:CRB) Ltd. (TSX-V: CRB) and Fjordland Exploration Inc. (TSXV:FEX) (TSX-V: FEX), 40%-60% partners in the Woodjam Joint Venture (\"WJV\"), report that Gold Fields Limited's (NYSE: GFI) exploration company, Gold Fields Horsefly Exploration Corporation (\"Gold Fields\"), has forwarded additional drilling results from the 2010 drilling program on the Woodjam North gold-copper property, located 45 km east of Williams Lake in south-central British Columbia.The highest gold-copper grades were intersected in drill hole DH10-21 that graded 1.14g/t Au and 0.29% Cu (1.65g/t Au Equivalent) over 156.6 m, including a higher-grade intercept of 64.0 m grading 1.92g/t Au and 0.39% Cu (2.62g/t Au Equivalent). In total, six drill holes comprising 1,455.4 m were completed in September and October, 2010 on the Deerhorn Zone, as part of a much larger Phase Two (5,127.3 m in 21 holes) drilling program at Woodjam North. A drill location map may be viewed at http://www.cariboorose.com/i/maps/WJN-DH-Drilling.pdf.Deerhorn Zone: Significant Drill Results\n\n-----------------------------------------------------------\n|Hole ID |From (m)|To (m)|Int. (m)|Au g/t|Cu% ||Au Eq g/t*|\n|----------------------------------------------||----------|\n|DH10-21 |141.9 |298.5 |156.6 |1.14 |0.29||1.65 |\n|----------------------------------------------||----------|\n|including|173.0 |288.0 |115.0 |1.44 |0.34||2.05 |\n|----------------------------------------------||----------|\n|including|212.0 |276.0 |64.0 |1.92 |0.39||2.62 |\n-----------------------------------------------------------\n*Au Equivalent in g/t calculated using US$950/oz gold, US$2.50/lb copper and the formula: ((g/t Au + (%Cu x 22 x Price Cu/lb))/ (Price Au/oz x 0.032151)). Metallurgical recoveries and net smelter returns are not considered.Hole DH10-21 was one of three step out holes designed to test a mineralized zone, previously encountered in hole DH09-03 (89.5 m grading 1.16g/t Au and 0.26% Cu, including 26 m grading 3.25g/t Au and 0.60% Cu, reported in a News Release dated January 12, 2010). Hole DH10-21 was collared approximately 90 m south of hole DH09-03. Gold Fields plans to resume dr...