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Cariboo Rose Resources Announces Higher Grades Encountered in Southeast Zone of Woodjam Project
(via Thenewswire.ca)
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"Cariboo Rose Resources Announces Higher Grades Encountered in Southeast Zone of Woodjam Project\n\n(via Thenewswire.ca)\nVancouver, BC, June 15, 2008 ─ Cariboo Rose Resources Ltd. (\"Cariboo Rose\") (TSX-V: CRB) and Fjordland Exploration Inc. (\"Fjordland\") (TSX-V: FEX) are pleased to report assays from the fourth hole of the initial 2008 diamond drilling program at the Woodjam porphyry copper-molybdenum-gold project in central British Columbia. Hole 08-83 intersected 402 metres grading 0.39% copper, 0.006% molybdenum and 0.077 g/t gold, with the top 215 metres of this interval carrying 0.52% copper, 0.003% Molybdenum and 0.111 g/t gold.\n\nHole 08-83 represents a 78 metre step-out to the south from hole 07-79. The higher grade intersection of copper, along with elevated gold, is very encouraging with the proximity of the Megabuck and Takom zones to the northwest and west respectively, which carry significant amounts of gold as well as copper. A summary of results for hole 08-83, along with the results of previously released holes 07-79 to 08-82, is provided in the following table:\n\nDrill Hole From (m) To (m) Core length (m) Cu% Mo% Au g/t \n08-83 128.63 530.66 402.03 0.39 0.006 0.077 \nincluding 128.63 344.0 215.37 0.52 0.003 0.111 \nincluding 128.63 200.56 71.93 0.63 0.003 0.123 \nPreviously Reported \n07-79 145.2 348.8 203.6 0.34 0.014 0.047 \n08-80 189.9 581.6 391.7 0.22 0.012 0.046 \n08-81 172.2 393.2 221.0 0.28 0.016 0.060 \n08-82 129.5 700.4 570.9 0.24 0.013 0.038 \nAll holes bottomed in mineralization and were lost due to bad ground conditions or rig capability. \n\nThe style and grades of mineralization in the Southeast Zone are comparable with those at significant copper-molybdenum mines in BC such as Teck Cominco's (TSX: TCK.B) Highland Valley Copper deposit (2007 reserves of 318.7 Mt grading 0.43% Cu and 0.008% Mo) and Taseko Mines' (TSX: TKO) Gibraltar deposit (2007 reserves of 383.6 Mt grading 0.31% Cu and 0.009% Mo).\n\nA total of seven holes have now been drilled and reported for the Southeast Zone, and all are mineralized from the bedrock surface to the bottom of the hole. Between February and May 2008, four holes (08-80 to 08-83) totaling 2,206 metres were completed on the Southeast Zone. Mineralization appears to correlate well with an IP chargeability anomaly that measures 1.5 km by 1.0 km. The Sout...