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Cariboo Rose Resources Announces: Woodjam North Deerhorn Zone Drill Hole Intersects 95.74 m Grading 0.53g/t Gold and 0.22% Copper. New Target Discovered at Tisdall Lake
Jan. 11, 2011 (TheNewswire.ca) -- Vancouver, BC, January 11, 2011 - Cariboo Rose Resources (...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"\nCariboo Rose Resources Announces: Woodjam North Deerhorn Zone Drill Hole Intersects 95.74 m Grading 0.53g/t Gold and 0.22% Copper. New Target Discovered at Tisdall Lake\n\n\n Jan. 11, 2011 (TheNewswire.ca) -- Vancouver, BC, January 11, 2011 - Cariboo Rose Resources (TSXV:CRB) Ltd. (TSX-V: CRB) \"Cariboo Rose\" 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 final three drill holes of the 2010 drilling program on the Woodjam North gold-copper property. The property is located 45 km east of Williams Lake in south-central British Columbia. During 2010, twenty-two drill holes totaling 6,430 m were completed, bringing the total drilling at Deerhorn between 2008 and 2010 to thirty-six holes totaling 10,707 m.The highest gold-copper grades were intersected in drill hole DH10-23 that graded 0.53g/t Au and 0.22% Cu (0.92g/t Au Equivalent) over 95.74 m, including a higher-grade intercept of 41.2 m grading 0.89g/t Au and 0.26% Cu (1.35g/t Au Equivalent). 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|DH10-23 |142.0 |237.7*|95.7 |0.53 |0.22||0.92 |\n|----------------------------------------------||---------|\n|including|155.0 |237.7*|82.7 |0.60 |0.23||1.01 |\n|----------------------------------------------||---------|\n|including|191.0 |237.7*|41.2 |0.89 |0.26||1.35 |\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. * = End of Hole.Drilling of these three holes tested a possible lateral (to the southeast) and down-dip extension of mineralization cut in hole DH10-21 (156.6 m grading 1.14g/t Au and 0.29% Cu from 141.9 m, including 64 m grading 1.92g/t Au and 0.39% Cu from 212 m). Hole DH10-21 was colla...