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:
- eoh = end of hole
- 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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