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Extensive Gold Zones Indicated by Sampling Results from the Canadian Creek Project, Yukon
(via TheNewswire) Vancouver, BC / TheNewswire / October 5, 2017 - Cariboo Rose Resou...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"Extensive Gold Zones Indicated by Sampling Results from the Canadian Creek Project, Yukon(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / October 5, 2017 - Cariboo Rose Resources Ltd. (TSX-V: CRB) (\"Cariboo Rose\") is pleased to announce results from the surface sampling program completed on the Canadian Creek Project located approximately 160 km south of Dawson City. It abuts Western Copper and Gold Corp's (TSX: WRN) 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 multi-million ounce gold resources. \n\n \n \nThe surface sampling program was directed toward adding detail at two previously outlined target areas: Kana and Malt West. In-fill soil sampling, prospecting and rock sampling were completed with the goal of better defining possible mineralized structures within the large multi-element soil anomalies in each area. A total of 257 rocks and 1,568 soil samples were collected and a magnetic survey was also completed across the western end of the property where the Malt West target occurs. A reverse circulation drilling program completed 24 holes totaling 2,142 m with 9 holes on selected parts of the Kana area, 6 holes in the Malt East area, 7 holes in the Linear A target (which saw no new surface work) and 2 holes in the Koffee Bowl target. Several targets were not drill tested including the Malt West area (go to www.cariboorose.com to view a drill plan and zone map). Drilling results will be released when they are compiled.\n\n \n \nThe program continues to yield positive results that support the presence of large gold-bearing systems underlying the broad geochemical anomalies. Highlights of the results are as follows:\n\n \n \nKana Target Area\n\n\n \nThis area is approximately 5 km east-west and is defined by strong and largely coincidental gold and arsenic in soils anomalies and also contains two internal zones of anomalous bismuth near the eastern end and antimony at the western end. The antimony anomaly also coincides with strong silver-lead-zinc values. Prospecting here in 2017 discovered quartz vein float with massive stibnite-arsenopyrite with local galena, molybdenum and sphaleri...