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Tuesday,
September 15, 2009
Drill Program Planned at Pat Copper-Gold Project,
Cariboo Region of BC
Vancouver, BC,
September 15, 2009 - Cariboo Rose Resources Ltd. ("Cariboo Rose")
(TSX-V: CRB) and
Astorius Resources Ltd. ("Astorius") (TSX-V: ASQ) are pleased to
report Astorius has signed a drill contract with Phil's Diamond Drilling Ltd.
of Kamloops, BC to complete a drill program 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, was staked to cover a
prominent magnetic anomaly indicated in government surveys within the
prolific Quesnel terrane. The magnetic feature at Pat is approximately 4.0
kilometres across and roughly circular. The Pat airborne magnetic anomaly is
comparable in area and intensity on government airborne survey maps to the
magnetic feature which occurs at Imperial Metal Corporation's (TSX: III)
Mount Polley copper-gold mine some 35 kilometres to the northwest. A strong
induced polarization (IP) anomaly, detailed by Cominco Limited in 1990,
occurs immediately to the east of the magnetic anomaly and although drilled
without significant results in 1991, can be reinterpreted as a pyrite halo.
The Pat property is bounded to the south and west by the Woodjam North
property owned by Cariboo Rose and Fjordland Exploration Inc. (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 also
located 12 kilometers to the north of hole WJ-08-84, drilled in 2008 on the
Cariboo Rose and Fjordland Exploration Inc. owned Woodjam South property
which intercepted 201 metres grading 1.01% copper and 0.44 g/t gold. Astorius
and Cariboo Rose anticipate drilling four wide spaced holes in the target.
The Pat property is owned by Cariboo Rose Resources 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, and 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 CEO
Cariboo Rose Resources Ltd.
Contact:
Paul Way, Business Development Manager
(604) 681-7913 or Toll Free: 888-656-6611
About 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. (TSX-V: LLC).
For more information please visit the Company's website at
www.cariboorose.com.
The TSX - Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This news
release may contain certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934,
as amended. All statements, other than statements of historical fact,
included herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to
be accurate, and actual results and future events could differ materially
from those anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with the TSX -
Venture Exchange, the British Columbia Securities Commission and the US
Securities and Exchange Commission.
You can also view this News Release on our website at: http://www.cariboorose.com/s/NewsReleases.asp?ReportID=363330
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