Business
Woodjam North: Drilling at Deerhorn Zone Yields 115.9 m Grading 0.287g/t Gold and 0.321% Copper. Initial Drilling at Spellbound Area Provides Encouraging Results
Woodjam North: Drilling at Deerhorn Zone Yields 115.9 m Grading 0.287g/t Gold and 0.321% Copper. ...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"\nWoodjam North: Drilling at Deerhorn Zone Yields 115.9 m Grading 0.287g/t Gold and 0.321% Copper. Initial Drilling at Spellbound Area Provides Encouraging Results\n\n\n Jul. 27, 2010 (TheNewswire.ca) -- Vancouver, BC July 27, 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, have announced that Gold Fields Limited's (NYSE: GFI) exploration company, Gold Fields Horsefly Exploration Corporation (\"Gold Fields\"), has forwarded drilling results from the Woodjam North gold-copper property. Drilling on the property, which is located 45 km east of Williams Lake in south-central British Columbia, started earlier this year. Phase One drilling between February and June, 2010 totaled 8,433 m in 34 holes, including 2,330 m on the Takom Zone, 3,921 m on the Deerhorn Zone and 2,182 m on the Spellbound Area. The results reported below are for the last four holes (1,197.6 m) on the Deerhorn Zone and eight holes (2,182 m) on the Spellbound Area.Deerhorn ZonePrevious drill results were reported in a News Release dated May 18, 2010. Assay results for the four new holes completed in 2010 are reported in the table below:\nHole ID From (m) To (m) Int. (m)* Au g/t Cu % Au Eq. g/t* \nDH10-13 75.3 84.0 8.7 0.11 0.23 0.52 \nDH10-13 88.0 92.0 4.0 0.22 0.06 0.33 \nDH10-13 96.0 148.0 52.0 0.08 0.22 0.47 \nDH10-13 152.0 163.4 11.4 0.06 0.14 0.31 \nDH10-13 208.0 217.0 9.0 0.06 0.11 0.26 \nDH10-14 78.0 84.0 6.0 0.07 0.12 0.29 \nDH10-14 110.3 226.2 115.9 0.29 0.32 0.87 \nDH10-15 82.0 141.3 59.3 0.14 0.15 0.42 \nDH10-15 200.0 226.0 26.0 0.17 0.16 0.46 \nDH10-16 39.0 60.0 21.0 0.27 0.16 0.55 \nDH10-16 124.0 184.6 60.6 0.35 0.22 0.75 \n* Intervals are core lengths; Au Equivalent in g/t calculated using US$950/oz gold, US$2.50/lb copper and the formula: ((%Cu x 22 x Price Cu/lb) + (g/t Au x 0.032151 x Price Au/oz)/(Price Au/oz x 0.032151)). Metallurgical recoveries and net smelter returns are not considered.These four holes were drilled to define the possible geometry of the mineralized zone in the area around hole DH10-09 which assayed 90.8 m grading 0.58g/t Au and 0.39% Cu, including 30.4 m grading 1.01g/t Au and 0.72% Cu. All four holes intersected mineralization. Hole DH10-14 yielded 115.9 m grading 0.287g/t Au and 0.32% Cu. This hole was los...