Mr. Bill Morton of Cariboo Rose reports
FIRST PHASE DIAMOND DRILLING AND AIRBORNE GEOPHYSICAL SURVEY COMPLETED AT COWTRAIL
BRS Resources Ltd. and Cariboo Rose Resources Ltd. have completed the first phase of diamond drilling and completed an airborne geophysical survey at the Cowtrail copper-gold porphyry project in south-central British Columbia.
Cowtrail is a
4,717-hectare copper-gold project
contiguous with the Woodjam and Redgold copper-gold porphyry projects owned by Vizsla Copper Corp. It is located 20 kilometres southeast of the operating Mount Polley mine (copper gold) owned by Imperial Metals Corp. and shares many geological attributes with this deposit.
Four drill holes totalling 1,293 metres were completed with the final hole, CT26-28, being extended past its target depth of 250 metres to 559 metres following the observation of visual mineralization in drill core. The drill string has been left in place. Core processing, sampling and assay will be completed as fast as possible with an expectation of results in six to eight weeks.
In late May,
Precision GeoSuveys, of Langley, B.C., completed a
helicopter-borne high-resolution aeromagnetic, radiometric and VLF (very-low-frequency) survey over a core area of the property. The geophysical signature indicated over the current primary area of interest, Lea Lake, consists of a central magnetic low (possibly indicative of hydrothermal destruction of magnetite) coincident with a potassium radiometric high. Similar untested features are indicated in other areas by the survey.
Beginning in 2022, Cowtrail has been under option to BRS Resources, which may earn a
60-per-cent interest
by completing
$2-million in exploration expenditures, making
$200,000 in cash payments
and issuing shares equivalent to
$200,000
by
Dec. 19, 2028
.
J.W. (Bill) Morton, PGeo, a director of Cariboo Rose Resources and a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this news release.
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