Mining News: Northern Neighbors: Cariboo Rose digs for drill targets at Canadian Creek

Cariboo Rose Resources Ltd. July 22 announced the start of a C$225,000 exploration program at its Canadian Creek gold project, which lies immediately west of the Casino copper-gold-molybdenum porphyry deposit owned by Western Copper and Gold Corp. The program will include trenching in large multi-element soil geochemical anomalies that extend over a roughly 10,000-meter by 3,000-meter area. Previous work has shown that this area hosts gold mineralization similar to the Coffee property, which lies immediately to the north, and this year’s work will follow up on those earlier discoveries as well as testing a large number of unexplored geochemical trends. The objective of the program is to better define the controls on existing occurrences and evaluate as much of the target area as possible for its discovery potential in order to plan a much larger second phase program. Cariboo Rose and its predecessor companies have spent more than C$4.5 million on the project since the first claims were acquired in 1993. The most recent program, completed in 2011 at a cost of C$1.5 million, consisted of extensive soil geochemical and magnetometer surveying with 5,589 soil samples collected, excavator trenching, and select induced polarization surveying. Several trenches cut gold mineralization with up to 4,400 parts per billion gold.

-Shane Lasley