Business
Cariboo Rose Resources Announces Woodjam North Drilling Intersects 68.8 m Grading 1.17g/t Gold and 0.35% Copper
Mar. 23, 2011 (TheNewswire.ca) -- Woodjam South: 15,000 m Drilling Program Started on Southe...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"\nCariboo Rose Resources Announces Woodjam North Drilling Intersects 68.8 m Grading 1.17g/t Gold and 0.35% Copper\n\n Mar. 23, 2011 (TheNewswire.ca) -- Woodjam South: 15,000 m Drilling Program Started on Southeast ZoneVancouver, BC, March 23, 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 drill results from the initial hole of the 2011 drilling program on the Deerhorn Zone of the Woodjam North gold-copper property. The property is located 45 km east of Williams Lake in south-central British Columbia.Drill hole DH11-26 intersected 151.5 m grading 0.83g/t gold and 0.21% copper, including 68.8 m grading 1.17g/t gold and 0.35% copper (see table below). DH11-26 also had a 36.7 m unmineralized interval between 210 m and 246.7 m. The hole was collared approximately 230 m south of 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), with an azimuth of 320 degrees and a dip of -65 degrees. The 2011 drilling program commenced on February 10th and is designed to expand the mineralized zone intersected in hole DH10-21 which was collared approximately 90 m south of hole DH09-03 (89.5 m grading 1.16g/t Au and 0.26% Cu, including 26 m grading 3.25g/t Au and 0.6% Cu).Deerhorn Zone:\n\n-----------------------------------------------------------\n|Hole ID |From (m)|To (m)|Int. (m) |Au g/t|Cu% |Au Eq g/t|\n|---------------------------------------------------------|\n|DH10-26 |139.5 |291.0 |  151.5  |0.83 |0.21|1.20 |\n|---------------------------------------------------------|\n|including|139.5 |208.3 |68.8 |1.17 |0.35|1.80 |\n|---------------------------------------------------------|\n|Including|171.3 |208.3 |37.0 |1.81 |0.25|2.27 |\n|---------------------------------------------------------|\n|including|246.7 |291.0 |43.3 |1.01 |0.21|1.20 |\n|---------------------------------------------------------|\n|including|261.4 |291.0 |29.6 |1.29 |0.18|1.62 |\n-----------------------------------------------------------\n*Au Equivalent in g/t calculated using US$950/oz gold, US$2.50/lb copper...