Cariboo Rose Resources Ltd.

Published : January 06th, 2009

Drilling at Woodjam Advances Three Copper-Gold Zones

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Tuesday, January 06, 2009
Drilling at Woodjam Advances Three Copper-Gold Zones

Southeast Zone Returns 0.69% Copper and 0.27 g/t Gold over 359.12 metres; Significant Mineralization Discovered in Deerhorn and Takom Zones

Vancouver, BC, January 6, 2009 - Cariboo Rose Resources Ltd. (TSX-V: CRB) is pleased to report that the Woodjam Joint Venture, comprised of Cariboo Rose Resources Ltd. (40%) and Fjordland Exploration Inc. (TSX-V: FEX) (60%) has received the results of eight drill holes completed in October and November at the Woodjam property in central British Columbia. During 2008, approximately 7,700 metres (m) in 18 holes were completed. Drill hole WJ-08-84, in the Southeast Zone, was deepened from 356.01 m to 485.0 m with the entire hole now returning 0.69% copper and 0.27 g/t gold over 359.12 metres and was still in mineralization at the bottom of the hole.

Three additional holes were completed in the Southeast Zone, one hole was drilled in the Takom Zone, two holes were completed in the newly discovered Deerhorn target and a reconnaissance hole was drilled in the East Megabuck target. The Deerhorn and Takom holes are located approximately 4 kilometers north and 2.5 kilometers west of the Southeast Zone, respectively.

Tom Schroeter, President of Fjordland commented, "This has been an extremely successful year exploring the Woodjam property and the results have again bolstered our belief that this is a large copper-gold-molybdenum district. We are continuing to discover new mineralized areas with every campaign and look forward to advancing all four target areas in the New Year."

Hole ID

Area

From (m)

To (m)

Core Length (m)

Cu %

Au g/t

Mo %

 

 

 

 

 

 

 

 

WJ-08-84

SE Zone

125.88

485.00 (eoh)

359.12

0.69

0.27

0.006

including

 

125.88

326.64

200.76

1.01

0.44

0.002

including

 

260.64

311.64

51.00

1.61

0.84

0.004

 

 

 

 

 

 

 

 

WJ-08-95

SE Zone

100.98

367.81 (eoh)

267.23

0.25

0.06

0.006

including

 

103.00

148.00

45.00

0.37

0.11

0.001

 

 

 

 

 

 

 

 

WJ-08-96

SE Zone

173.74

425.81 (eoh)

252.07

0.39

0.09

0.008

including

 

245.97

270.35

24.38

0.47

0.11

0.006

including

 

317.00

347.00

30.00

0.49

0.13

0.005

 

 

 

 

 

 

 

 

WJ-08-97

SE Zone

131.06

270.36 (eoh)

139.30

0.13

0.02

0.007

 

 

 

 

 

 

 

 

WJ-08-87

Takom

98.62

226.00

127.28

0.26

0.40

-

including

 

109.20

181.00

71.80

0.34

0.60

-

including

 

109.20

142.00

32.80

0.45

1.04

-

 

 

 

 

 

 

 

 

WJ-08-92

Deerhorn

43.59

279.81 (eoh)

236.22

0.10

0.13

-

including

 

43.59

91.50

47.91

0.12

0.22

-

Including

 

214.50

243.02

28.52

0.21

0.54

-

 

 

 

 

 

 

 

 

WJ-08-93

Deerhorn

33.53

102.50

68.97

0.22

0.50

-

including

 

75.50

90.50

15.00

0.32

0.87

-

 

 

 

 

 

 

 

 

WJ-08-94

E Megabuck

31.00

37.00

6.00

0.04

0.85

0.001

including

 

196.00

208.00

12.00

0.10

0.12

0.001


Notes:

  1. eoh = end of hole
  2. All downhole intervals for hole 08-84 reported in October 11, 2008 news release were in actuality 3.36 metres closer to surface. All intervals have been corrected as stated.


The four holes drilled in the Southeast Zone continued to expand the copper-gold-molybdenum mineralization, where all 18 holes completed to date in the target are mineralized from the bedrock interface to the bottom of the holes. Drilling at 100 m or closer spacing now covers an area of approximately 300 m by 600 m and the mineralization is open for extensions in all directions including to depth. Less than one-fifth of the 1.0 by 1.5 km IP chargeability high anomaly has been drill tested.

Hole WJ-08-87 was completed in the Takom Zone and represents the best grade intercept for this zone to date, returning 127.28 m of 0.26% copper and 0.40 g/t gold and including 32.80 m grading 0.45% copper and 1.04 g/t gold. This hole appears to indicate a zone of mineralization with a northerly trend extending from previously drilled holes WJ-05-48 and WJ-07-77. The mineralization here is displaying similar copper-gold ratios to the Megabuck Zone which commonly grades 1.0 g/t gold.
This is the first time that drilling in the 3.0 km long Takom IP geophysical anomaly has indicated a well mineralized zone.

Two holes, WJ-08-92 and 93, drilled in the Deerhorn IP chargeability/magnetic geophysical target, resulted in the discovery of a new mineralized area. Hole 92 intersected 236.22 m grading 0.10% copper and 0.13 g/t gold, including 28.52 m grading 0.21% copper and 0.54 g/t gold. Hole 93 intersected 68.97 m grading 0.22% copper and 0.50 g/t gold, including 15 m grading 0.32% copper and 0.87 g/t gold. The holes were drilled along the edge of the anomaly and intersected quartz-chalcopyrite-magnetite stockworks carrying significant gold values, similar in character to the Megabuck Zone. The geophysical anomaly measures approximately 400 m by 800 m and this was the first time it has been tested.

A reconnaissance hole, WJ-08-94, was completed south of the Deerhorn target and approximately 1.5 km northeast of the Megabuck Zone. This hole was anomalous in copper from the bedrock interface to the bottom of the hole. Two narrow intercepts (at 31.00 m and 196.00 m) carrying anomalous gold values are associated with quartz-tourmaline veining which is commonly occur in close proximity to mineralized zones. A large area of anomalous chargeability lies to the southwest of this hole and has not yet been drill tested.

Analysis was performed by Acme Analytical Laboratories, a certified facility in Vancouver, BC, using multi-element (ICP-ES) 2 Acid Digestion (1D) procedures, with gold and silver values determined using fire assay procedures. Re-analyses of samples assaying in excess of 10,000 ppm copper were performed by ICP-ES 4 Acid Digestion (7AR) procedures. External standards were inserted into the sample sequence at a ratio of approximately one standard per twenty-five samples. Bruce Laird, P.Geo., Mincord Exploration Consultants Ltd., supervised the 2008 drilling program and sampling protocol. G. L. Garratt, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.

Glen Garratt

G. L. Garratt, P.Geo., Director

Contact:
Paul Way, Business Development Manager
Phone (604) 681-7913, Toll Free: 888-656-6611
email: pway@eastfieldgroup.com

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, two of which border the Woodjam property. 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=333217


 

 

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Cariboo Rose Resources Ltd.

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CODE : CRB.V
ISIN : CA1420241087
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Cariboo Rose is a gold and copper exploration company based in Canada.

Cariboo Rose holds various exploration projects in Canada.

Its main exploration properties are PAT, CARRUTHERS PASS (CARIBOO), WOODJAM, CANADIAN CREEK (CARIBOO), CHILKO and COWTRAIL (CARIBOO) in Canada.

Cariboo Rose is listed in Canada. Its market capitalisation is CA$ 1.9 millions as of today (US$ 1.4 millions, € 1.3 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.46, and its lowest recent point on November 17, 2022 at CA$ 0.02.

Cariboo Rose has 31 516 577 shares outstanding.

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Annual reports of Cariboo Rose Resources Ltd.
2006 Annual report
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9/14/2011(Carruthers Pass (cariboo))Announces Commencement of Exploration at Carruthers Pass, BC
6/16/2011(Woodjam)Announces Drilling at Woodjam South Yields 349 m Grading 0.3...
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9/15/2009(Pat)Drill Program Planned at Pat Copper-Gold Project, Cariboo Re...
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6/15/2009(Canadian Creek (cariboo))Options Canadian Creek Property, White Gold District, Yukon
1/6/2009(Woodjam)Drilling at Woodjam Advances Three Copper-Gold Zones
10/1/2008(Woodjam)New Mineralized Zone Discovered by Drilling at the Woodjam, ...
7/23/2008(Woodjam)Second Drill Rig Added To Woodjam Project, BC
6/26/2008(Woodjam)Re-Analysis Upgrades Drill Results to 402 Metres of 0.44% Co...
5/21/2008(Woodjam)Intersects 571 Metres of 0.35% Copper Equivalent in Southeas...
4/24/2008(Woodjam)Drilling Commences at Woodjam Project in Central British Col...
2/26/2008(Woodjam) and Fjordland Add Ground to WOODJAM Copper, Gold, Molybdenu...
Corporate news of Cariboo Rose Resources Ltd.
6/16/2008Higher Grades Encountered in Southeast Zone of Woodjam Proje...
1/21/2008Southeast Zone Returns 0.40% Copper And 0.014% Molybdenum Ov...
12/5/2007Latest Drilling Confirms Southeast Zone Discovery at Woodjam
10/24/2007 Announces Drilling on Cowtrail Property
10/16/2007 Options Pat Property
10/11/2007 Announces 139.9 Metres of 0.31 g/t Gold Drilled at Canadian...
10/4/2007New Discovery: The Woodjam Joint Venture Drills 106.2 metres...
7/19/2007Begins Drilling on the Woodjam Gold-Copper Property
7/17/2007Drilling Underway at Cariboo Rose Resource's Canadian Creek ...
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