Cariboo drills 44.4 m of 1.51 g/t AuEq at Lightning

Executive Summary

• Cariboo Rose Resources Ltd. announced drill results from two diamond drill holes (totaling 568 meters) at its 100%-owned Lightning Strike gold-silver project in British Columbia.
• The primary highlight is Hole LSD25-01, which intersected 44.4 meters grading 0.77 g/t gold and 37.1 g/t silver, equivalent to 1.51 g/t gold equivalent.
• The company highlights the project's geological potential, citing historical high-grade intercepts and its location within the Quesnel terrane, analogous to major deposits like Muruntau and Sukhoi Log.

Key Details

• Project Location: Lightning Strike gold-silver project, 60 km northeast of 100 Mile House, British Columbia; 4,193-hectare 100%-owned property.
• Drilling Summary: Two diamond drill holes completed, totaling 568 meters.
• Hole LSD25-01 Results:
  • Intercept: 44.4 meters
  • Grade: 0.77 g/t gold and 37.1 g/t silver
  • Gold Equivalent: 1.51 g/t gold equivalent
• Gold Equivalent Calculation: Combined value of gold and silver in one tonne of rock divided by the value of gold in one tonne of rock grading 1.00 g/t gold, based on $4,000/oz gold and $80/oz silver.
• Historical Context:
  • Historical work by Homestake Mining (1984) and Skygold Resources Ltd. identified mineralization.
  • Trenching revealed quartz-carbonate boulders with gold up to 25.1 g/t and silver up to 216.8 g/t.
  • Previous drilling (2008-2010) completed 31 holes, all returning anomalous to strongly mineralized gold intercepts.
  • Significant historical intercepts cited: 0.77 g/t gold over 54.0 m; 3.42 g/t gold and 228.1 g/t silver over 5.0 m; 2.88 g/t gold over 24.0 m; and 8.84 g/t gold over 7.5 m.
• Sampling and Analysis:
  • Core (4.5 cm diameter) cut lengthwise; sampled on ~1 meter increments.
  • Samples analyzed by MSA Labs (Langley, B.C.), an ISO 17025-accredited independent lab.
  • Method: Photon assay (X-ray assay procedure) using high-energy X-rays for enhanced analysis of gold, silver, copper, and complementary elements.

Notable Quotes

• "Hole LSD25-01, with an intercept of 44.4 metres (m) grading 0.77 g/t gold and 37.1 g/t silver (1.51 g/t gold equivalent), demonstrates the great potential of the road-accessible, Lightning Strike project." — J.W. (Bill) Morton, PGeo, Director