Business
Drilling Commenced at Pat Copper-Gold Project, Cariboo Region of BC
Drilling Commenced at Pat Copper-Gold Project, Cariboo Region of BC
About this update from Fjordland Exploration Inc.
[{"type":"text","content":"\nDrilling Commenced at Pat Copper-Gold Project, Cariboo Region of BC\n\n\n Oct. 6, 2009 (TheNewswire.ca) -- NEWS RELEASEDrilling Commenced at Pat Copper-Gold Project, Cariboo Region of BCVancouver, BC, October 6, 2009 - Cariboo Rose Resources Ltd. (TSXV:CRB) (\"Cariboo Rose\")(TSX-V: CRB) and Astorius Resources Ltd. (TSXV:ASQ) (\"Astorius\")(TSX-V: ASQ) are pleased to report that drilling has commenced on the Pat mineral property located approximately 15 kilometres east of Horsefly, in the Cariboo Region of central British Columbia.The Pat project, encompassing 1,330 hectares, covers a prominent magnetic anomaly indicated in government surveys within the prolific Quesnel Trough. The magnetic feature at Pat is approximately 4.0 kilometres across and is roughly circular. Four to five wide-spaced holes are being planned to explore this target.The Pat property is bounded to the south and west by the Woodjam North property owned by Cariboo Rose and Fjordland Exploration Inc. (TSXV:FEX) (TSX-V: FEX) which recently became subject to an option agreement with a member of the Gold Fields Limited group of companies (NYSE: GFI).The Pat property is owned by Cariboo Rose and is subject to an option agreement which gives Astorius the right to earn a 60% interest in it by completing $1.2 million dollars in exploration, paying $150,000 in cash and issuing 200,000 shares to Cariboo Rose before July 9, 2011.J.W. (Bill) Morton, P.Geo.President and CEOCariboo Rose Resources Ltd.Contact:Paul Way, Business Development Manager(604) 681-7913 or Toll Free: 888-656-6611About Cariboo Rose Resources Ltd.Cariboo Rose Resources Ltd. is a Canadian public resource company that trades on the TSX Venture exchange under the symbol CRB. Cariboo Rose has six gold, copper and molybdenum exploration projects in Western Canada. The company's Woodjam North property is under option to the Gold Fields Limited group of companies. Cariboo Rose is part of the Eastfield Group. Since its inception in 1987, the Eastfield Group has utilized a successful business strategy that leverages exposure by securing third party exploration financing on the majority of its projects. Other affiliated companies in the group include Eastfield Resources Ltd. (TSX-V: ETF) and Lorraine Copper Corp. (OOTC:LRCPF) (TSX-V: LLC). For more information please visit the Company's website at www.cariboo...