Cariboo Rose begins drilling at Lightning Strike

Executive Summary

• Cariboo Rose Resources Ltd. has commenced diamond drilling at its 100%-owned Lightning Strike gold-silver property in the Cariboo region of British Columbia.
• The company reported significant historical drill intercepts from previous operators (Homestake Mining Corp. and Skygold Resources Ltd.), highlighting high-grade gold and silver mineralization within Upper Triassic black phyllites.
• The company recently expanded the project footprint in January 2025 via an option agreement, bringing the total claim block to 4,193 hectares.

Key Details

• Drilling Status: Diamond drilling has commenced at the Lightning Strike property.
• Historical Drill Intercepts:
  • 0.77 g/t gold over 54.0 metres.
  • 3.42 g/t gold and 228.1 g/t silver over 5.0 metres.
  • 2.88 g/t gold over 24.0 metres.
  • 8.84 g/t gold over 7.5 metres.
• Silver Grades: Recent Cariboo Rose drilling samples returned up to 72.8 g/t silver; earlier Spanish Mountain Gold drilling reported values as high as 705.0 g/t silver.
• Geological Context: Mineralization occurs within black phyllites of Upper Triassic age (shale). The association of silver with gold in shale-hosted mineralization is noted as unusual, with silver serving as a pathfinder element for higher-grade gold.
• Project Expansion: In January 2025, Cariboo Rose negotiated an option to acquire a 100% interest in contiguous claims encompassing the original Homestake discovery area.
• Total Project Area: The Lightning Strike project now covers 4,193 hectares.
• Company Portfolio: Cariboo Rose currently holds seven mineral projects in British Columbia.
• Qualified Person: J.W. (Bill) Morton, PGeo, Director and President, has reviewed and approved the technical information.

Notable Quotes

• "The association of silver with gold in shale-hosted mineralization is unusual; however, individual drill samples from recent Cariboo Rose drilling have returned up to 72.8 g/t silver, while earlier Spanish Mountain Gold drilling reported values as high as 705.0 g/t silver."
• "Shale-hosted gold deposits represent one of the most attractive models for large-scale gold systems globally, with world-class analogues, including the Muruntau and Sukhoi Log deposits in Russia."