Cariboo Rose Begins Drilling at Lightning Strike Gold Silver Project
Cariboo Rose has begun drilling at its Lightning Strike project in British Columbia to advance its gold-silver portfolio.
Cariboo Rose Resources Ltd. has launched a new diamond drilling program at its 100% owned Lightning Strike Gold-Silver Project in British Columbia. The company plans to drill at least five new holes to test the orogenic sediment-hosted gold-silver system. The project spans 4,193 hectares, located 60 km northeast of 100 Mile House, BC.
Historical exploration by Homestake Mining and Skygold Resources identified significant mineralization, with recent 2025 drilling intersecting: - 44.4 meters grading 0.77 g/t gold and 37.1 g/t silver.
The geological setting is described as analogous to major global deposits like Muruntau and Sukhoi Log, situated on the eastern edge of the Quesnel Terrane.
Cariboo Rose Resources Ltd. (CRB) has commenced drilling, marking an expected operational milestone following the company's April and June 2026 private placements, which specifically earmarked proceeds for Lightning Strike exploration. The release serves purely as an operational update confirming that field activity has begun, with no new assay results or grade definitions provided. This incremental update follows the logical progression of the company's portfolio advancement strategy and aligns with management's stated exploration plan.
Cariboo Rose Resources Ltd. (CRB) operates as a hybrid prospect generator, advancing projects in British Columbia through independent capital and partner-funded exploration. The company’s flagship asset is the Lightning Strike Gold-Silver Project, which it owns 100% across 4,193 hectares. The property hosts orogenic sediment-hosted mineralization with historical high-grade gold and silver intercepts.
In addition to its flagship property, the company holds options and joint ventures on several other projects, including Cowtrail, a copper-gold porphyry project under a BRS option; Carruthers Pass, under a Vizsla option; and CHG, under a Basin Uranium option. Management is led by J.W. (Bill) Morton, P.Geo., who serves as the Qualified Person under NI 43-101.