220.9 m grading 0.30% Copper Equivalent including 43.0m grading 0.57% Copper Equivalent Intersected at Cowtrail
Caribow Rose drilling confirms low-grade continuity at the Cowtrail deposit while facing ongoing cash burn and dilution risks.
Cariboo Rose Resources Ltd. (CRB) and partner BRS Resources announced results from a 1,275-meter, four-hole drill program at the Cowtrail Project in July 2026. Hole CT26-28, the first deep test, intersected 220.9 meters grading 0.30% Copper Equivalent (CuEq), including 43.0 meters grading 0.57% CuEq. The mineralization remains open along strike and to depth, and the hole was cased for future deepening.
Assay parameters used US$5.50/lb Cu, US$4,000/oz Au, and recoveries derived from the nearby Mount Polley Mine (83% Cu, 77% Au). No metallurgical work has been completed specifically at Cowtrail; true widths remain unknown. BRS Resources holds an option to earn a 60% interest by completing $2,000,000 in exploration expenditures, $200,000 in cash payments, and $200,000 in shares by December 19, 2028.
Cariboo Rose Resources Ltd. (CRB) announced results that confirm the continuation of a porphyry copper-gold system identified in previous years, a development the company characterizes as expected exploration progress rather than a new discovery. The reported grades are low, averaging 0.30% CuEq overall, with a 43m interval returning 0.57% CuEq. These figures are typical for early-stage porphyry targets but are not immediately economic.
The CuEq calculations in the announcement rely on Mount Polley recoveries and prices as a proxy; actual metallurgical testing at Cowtrail is required to validate these figures. The announcement does not change the company's capital structure or immediate cash needs, but it does reinforce the exploration timeline and the BRS earn-in agreement. Given the low grade and the fact that the system was already known to be open, the market impact is expected to be neutral to slightly positive, though this is heavily offset by the company's persistent cash burn and dilution history.
Cariboo Rose Resources Ltd. (CRB) is a pre-revenue junior explorer focused on copper, gold, and silver properties in British Columbia. Its flagship Cowtrail Project is a 4,717-hectare porphyry copper-gold property located 20 km southeast of the operating Mount Polley Mine. The property is contiguous with Vizsla Copper Corp.'s Woodjam and Redgold projects.
The company also holds the Lightning Strike Project, a 4,193-hectare 100%-owned gold-silver property located 60 km northeast of 100 Mile House, BC. The site features historical high-grade intercepts and analogies to major Asian deposits.
Cariboo Rose Resources utilizes a hybrid business model, advancing projects independently while leveraging option agreements with partners like BRS Resources, Basin Uranium, and CMP Mining to fund exploration.