Cariboo Rose, BRS Resources begin drilling at Cowtrail

Executive Summary

• BRS Resources Ltd. and Cariboo Rose Resources Ltd. have begun a new 2025 drilling program at the Cowtrail copper‑gold project in British Columbia.
• The 2025 plan targets four holes (250–300 m deep) in the Lea Lake area to expand on the significant mineralization intersected in hole CT23‑16 during 2023.
• Under a Dec. 19, 2022 agreement, BRS can earn a 60 % interest in Cowtrail by spending $2 M on exploration and making cash/share payments; Cariboo Rose’s residual interest may convert to a royalty if its stake falls below 15 %.

Key Details

• Project location: Cowtrail property (4,592 ha / 11,066 ac), ~15 km SE of Imperial Metals’ Mt. Polley mine, adjacent to Vizsla Copper’s Woodjam and Redgold projects.
• Historical intercepts:
• Hole 07‑DDH‑1 – 1.16 g/t Au over 18.3 m.
• Hole CT11‑12 – 0.17 % Cu and 0.11 g/t Au over 40.0 m.
• 2023 five‑hole program (Lea Lake & BM breccia):
• Highlight – Hole CT23‑16: 0.15 % Cu over 105.0 m, including 0.23 % Cu and 0.11 g/t Au over 15.0 m; collared 45 m south of CT11‑12; mineralization remains open to the south (referenced in Feb 20 2024 release).
• 2025 drilling plan:
• Four new holes, each 250–300 m deep, focused on Lea Lake area to test extension of CT23‑16 intercepts.
• Earn‑in agreement (Dec 19 2022):
• BRS may earn a 60 % JV interest by completing $2 M in exploration expenditures and paying $400,000 cash + share payments over five years.
• If Cariboo Rose’s ownership falls below 15 %, it converts to a 2.5 % NSR royalty (reducing to 1 % with an additional $2 M payment).
• Qualified Person: J.W. (Bill) Morton, P.Geo., director of Cariboo Rose, NI 43‑101 qualified, reviewed and approved the technical content.

Notable Quotes

(No direct quotes were provided in the release.)