Business
Gold Discovered at Koster Dam
(TheNewswire) Vancouver – TheNewswire - November 30, 2023 - Cari...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"Gold Discovered at Koster Dam\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver –\n \n \n TheNewswire\n-\n \n \n November 30, 2023 -\n \n \n Cariboo Rose Resources\n \n \n Ltd. (TSXV:CRB)\n \n \n and\nJoint Venture partner\n \n \n \n \n Discovery Lithium\n \n \n Inc. (CSE-C:DCLI)\n \n \n are\npleased to announce that gold mineralization has been discovered at\nthe Koster Dam gold-silver Project in British Columbia as a result of\nsystematic prospecting.   The current program was designed to target\nvectors originating from reconnaissance work completed in 2022 and\nhigh resolution airborne magnetic surveying completed in 2021.  Four\nsamples of float, predominantly subangular and consisting of quartz\nvein and quartz breccia hosted in rhyolite, returned gold analysis of\n2.61, 2.38, 1.47 and 0.74 grams per tonne gold respectively (from a\ntotal of 58 samples collected with many of them heavily altered and\nflooded with chalcedonic quartz).\n \n \n \n \n The area of interest on Koster Dam is situated  \napproximately 10 kilometers south of the former producing Blackdome\nMine which is developed on a volcanic hosted epithermal deposit of\nEocene age that was in production from 1986 to 1991 during which time\nit produced 225,000 ounces of gold and 547,000 ounces of silver. One\nof the challenges and opportunities at Koster Dam is that, while\nmineralization at the Blackdome Mine outcrops in steep terrane at an\nelevation of approximately 7,000 feet, Koster Dam is situated on the\nsame volcanic complex in a relatively flat landscape at a much lower\nelevation and is predominantly till covered. The climate is semiarid\nand the property is road accessible from the city of Williams Lake,\nB.C. 80 kilometers to the north.\n \n \n \n \n Koster Dam is a joint venture between Cariboo Rose\nResources (55%) and Discovery Lithium (45%).\n \n \n \n \n J.W. (Bill) Morton P. Geo, within the context of the\nrequirements of NI-43-101, is the qualified person who takes full\nresponsibility for this news release.\n \n \n \n \n Bill Morton\n \n \n \n \n J.W. (Bill), P.Geo.\n \n \n \n \n President\n \n \n \n \n Cariboo Rose Resources Ltd.\n \n \n \n \n Contact:\n \n \n \n Phone: (604) 681-7913, Toll Free: 888-656-6611;\n \n website at\n \n \n http://www.cariboorose.com\n \n \n .\n \n \n...