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Gold Fields Expands Discoveries at Woodjam North, B.C.
Gold Fields Expands Discoveries at Woodjam North, B.C.
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"\nGold Fields Expands Discoveries at Woodjam North, B.C.\n\n\n Jan. 12, 2010 (TheNewswire.ca) -- Vancouver, BC, January 12, 2010 - Cariboo Rose Resources Ltd. (TSXV:CRB) (TSX-V: CRB) and Fjordland Exploration Inc. (TSXV:FEX) (TSX-V: FEX), the Woodjam Joint Venture (\"WJV\") 40%/60% partners, are pleased to report that Gold Fields Horsefly Exploration Corporation (a member of the Gold Fields Limited group of companies (NYSE: GFI)) has forwarded the results of drilling completed between October and mid-December, 2009 on the Woodjam North gold-copper property, located 45 kilometres east of Williams Lake in central British Columbia. The drill program will continue in early February, 2010.Gold Fields tested two areas, completing 11 core holes for 3,589.6 m in the Takom Zone and 3 core holes for 993.6 m in the Deerhorn Zone for a total of 4,583.3 m. Both these areas tested and stepped out from mineralization previously outlined by the WJV on the Woodjam North property and lie several kilometers south and east respectively, from the previously drilled Megabuck Zone. The Southeast Zone discovery lies on the Woodjam South property several kilometers east of the Takom Zone and is not included in the Gold Fields option. Previously reported drill holes completed in 2008 by the WJV in these areas includes: hole WJ08-87 in the Takom Zone which returned 0.60 g/t Au and 0.34 % Cu over 71.8 m and hole WJ08-93 in the Deerhorn Zone which returned 0.50 g/t Au and 0.22 % Cu over 69.0 m.Highlights of the assay results received include the following intervals over core lengths: 0.58 g/t Au and 0.43% Cu over 101.0 m (from 114.0 m in hole TK09-001 at Takom); and 1.16 g/t Au and 0.26% Cu over 89.50 m (from 165.0 m in hole DH09-003 at Deerhorn).Most of the drill holes intersected copper-gold mineralization indicating that further drilling will be required to define the mineralized zones. Drill hole locations may be viewed on the website: www.cariboorose.com. A summary of significant drill intercepts follows:Deerhorn Zone:\nHole ID* From (m)* To (m)* Int. (m)* Cu% Au g/t Au Eq g/t * \nDH09-001 88.84 358.14 (eoh) 269.30 0.13 0.02 0.25 \nincluding 88.84 162.00 73.16 0.24 0.04 0.47 \nDH09-002 NSR \nDH09-003 40.73 254.50 (eoh) 213.80 0.12 0.50 0.72 \nincluding 165.00 254.00 89.50 0.26 1.16 1.63 \nTakom Zone:\nHole ID* From (m)* To (m)* Int. (m)* Cu% Au g/t Au ...