Business
Cariboo Rose Welcomes Road Funding to Casino, Yukon
(via TheNewswire) Vancouver, BC / TheNewswire / September 5, 2017 - Cariboo Rose Resources...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"Cariboo Rose Welcomes Road Funding to Casino, Yukon(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / September 5, 2017 - Cariboo Rose Resources Ltd. (TSX-V: CRB) (\"Cariboo Rose\") is pleased to note the announcement made on September 2, 2017 by Prime Minster Justin Trudeau and Yukon Premier Sandy Silver committing more than $360 million in combined federal and territorial funding to improve road access in two mineral-rich areas in Yukon, including the Dawson Range which hosts the White Gold District. In total, the Yukon Resource Gateway Project will help upgrade over 650 km of road and build or replace numerous bridges, culverts and stream crossings. In the Dawson Range, four separate public road systems will be upgraded. \n\n \n \nIn today's news release by Western Copper and Gold Corporation which owns the Casino copper-gold-molybdenum deposit (currently in the permitting phase) on the eastern boundary of Cariboo Rose's wholly owned Canadian Creek Project, stated they are \"pleased to announce that complete funding for upgrading the initial 82 km of the existing access road to standards required for the Casino Project and 30% funding for the additional 126 km of new access road to the Casino site has been secured through commitments from the Yukon Territorial Government and Federal Government to fund the Yukon Resource Gateway Application\". \n\n \n \nThis development has a very positive impact on the future access for Cariboo Rose's Canadian Creek Project as the Casino Project advances.\n\n \n \nCariboo Rose has recently completed a 24 reverse circulation drill holes (2,142 m) at its Canadian Creek project. The program was designed to give an initial test of several large geochemical and geophysical targets that fit the characteristics of mineralization on the adjacent Koffee property of Goldcorp. Assay results are expected before the end of September.\n\n \n \nThe Canadian Creek property is located approximately 160 km south of Dawson City and encompasses 311 claims. It abuts Western Copper and Gold's Casino porphyry copper-gold-molybdenum property on the east and Goldcorp Inc.'s (TSX: G, NASDAQ: GG) Coffee property on the north, sharing a 12 km long boundary with Coffee and a six km boundary with Casino. Both Coffee (Goldcorp) and Casino (Western Copper and Gold) have published multimillion ounce gold resources. \n\n ...