Business
Drilling at Woodjam Advances Three Copper-Gold Zones
(via Thenewswire.ca)
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"Drilling at Woodjam Advances Three Copper-Gold Zones\n\n(via Thenewswire.ca)\nSoutheast Zone Returns 0.69% Copper and 0.27 g/t Gold over 359.12 metres; Significant Mineralization Discovered in Deerhorn and Takom Zones\n\nVancouver, BC, January 6, 2009 - Cariboo Rose Resources Ltd. (TSX-V: CRB) is pleased to report that the Woodjam Joint Venture, comprised of Cariboo Rose Resources Ltd. (40%) and Fjordland Exploration Inc. (TSX-V: FEX) (60%) has received the results of eight drill holes completed in October and November at the Woodjam property in central British Columbia. During 2008, approximately 7,700 metres (m) in 18 holes were completed. Drill hole WJ-08-84, in the Southeast Zone, was deepened from 356.01 m to 485.0 m with the entire hole now returning 0.69% copper and 0.27 g/t gold over 359.12 metres and was still in mineralization at the bottom of the hole.\n\nThree additional holes were completed in the Southeast Zone, one hole was drilled in the Takom Zone, two holes were completed in the newly discovered Deerhorn target and a reconnaissance hole was drilled in the East Megabuck target. The Deerhorn and Takom holes are located approximately 4 kilometers north and 2.5 kilometers west of the Southeast Zone, respectively.\n\nTom Schroeter, President of Fjordland commented, \"This has been an extremely successful year exploring the Woodjam property and the results have again bolstered our belief that this is a large copper-gold-molybdenum district. We are continuing to discover new mineralized areas with every campaign and look forward to advancing all four target areas in the New Year.\"\n\nThe four holes drilled in the Southeast Zone continued to expand the copper-gold-molybdenum mineralization, where all 18 holes completed to date in the target are mineralized from the bedrock interface to the bottom of the holes. Drilling at 100 m or closer spacing now covers an area of approximately 300 m by 600 m and the mineralization is open for extensions in all directions including to depth. Less than one-fifth of the 1.0 by 1.5 km IP chargeability high anomaly has been drill tested.\n\nHole WJ-08-87 was completed in the Takom Zone and represents the best grade intercept for this zone to date, returning 127.28 m of 0.26% copper and 0.40 g/t gold and including 32.80 m grading 0.45% copper and 1.04 g/t gold. This hole appears to indi...