Cariboo Rose Resources Ltd. Lightning Strike Shale Hosted Gold
Shale hosted gold deposits, also called sediment hosted vein deposits, are one of the most attractive models for large gold deposits in the world and include the giant Murantau and Sukoy Log deposits in Russia. Similar styles of gold mineralization locally include the FG Gold Project located 35 kilometers to the north (Kore Mining Ltd.) and the Spanish Mountain Gold Project located 95 kilometers to the northwest (Spanish Mountain Gold Corp). Both the FG Gold Project and the Spanish Mountain Gold Project are currently being actively explored. In 2020 Eric Sprott (through a privately owned corporation) completed investments in both Kore Mining Ltd and Spanish Mountain Gold Corp.
On Oct 30, 2020 the Ministry of Energy, Mines and Petroleum Resources issued a multiyear exploration permit to Cariboo Rose for the Lightning Strike project allowing the construction of access trails, mechanical test pitting and diamond drilling. Field work is planned to renew as soon as winter conditions abate.
Images can be viewed at: https://www.cariboorose.com/projects/lightning-strike/
J.W. (Bill) Morton P.Geo, within the context of the requirements of NI-43-101, is the qualified person who takes responsibility for this news release.
J.W. (Bill) Morton, P.Geo.
Phone: (604) 681-7913, Toll Free: 888-656-6611; email: email@example.com
About Cariboo Rose Resources Limited
Cariboo Rose owns six mineral projects in British Columbia. Projects include Pat and Cowtrail, prospective for copper-gold porphyry mineralization (contiguous with Consolidated Woodjam Copper), Carruthers Pass, prospective for copper-zinc-silver-gold-cobalt massive sulfide mineralization, Coquigold and Koster Dam, prospective for epithermal silver-gold mineralization and Carbonate Hosted Gold, prospective for Carlin style gold mineralization.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.