Cariboo Rose Resources Ltd (TSXV:CRB) has resumed reverse circulation drilling at its 100% owned Lightning Strike gold-silver project located in the Cariboo region of British Columbia.
Lightning Strike is a shale hosted gold project approximately 95 km southeast of the Spanish Mountain project owned by Spanish Mountain Gold Ltd and 35 km south of the Fraser Gold project owned by Karus Gold Corp. Lightning Strike, Frasergold and Spanish Mountain share a common geological setting in a Triassic aged shale-siltstone sequence.
At Lightning Strike significant gold mineralisation is also commonly accompanied with significant accessory silver (example 72.8 g/t silver over 1.52 meters being the maximum value of single core sample from the 2021 programme).
Lightning Strike occurs in a flat to undulating landscape at an elevation of approximately 1,000 meters (3,300 feet) where outcrop is essentially non-existent and where targets are blind.
Shale hosted orogenic gold 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 Asia with resources of ±80 million ounces and ±20 million ounces gold each.
It is estimated that 1,500 meters of drilling will be completed in the current programme (±10 holes).
For further information please visit: https://cariboorose.com/
