Cariboo Rose Resources

Company Fact Sheet

1 Year Chart

Stock chart courtesy of Yahoo Finance

Company Press Releases

Detailed Stock Quote from Stockwatch
Quotes delayed at least 20 minutes

 
Omineca Property Synopsis

Shares Out:  25,498,577
Market Capitalization:  3,569,801
Estimate of Cash Position:  650,000
Property Name:  Canadian Creek
Property Size (Hectares):  4,800
Distance from White Gold:  50 km SE
Property Origin:  Legacy Project

Carruthers Pass: Copper, Zinc, Gold and Silver Project

The Carruthers Pass copper, zinc, gold and silver property is located in northern British Columbia, approximately 70 kilometres south of the Kemess gold-copper mine and 200 kilometres north of Smithers. Several geophysical conductors have been outlined in an airborne survey completed in July 2004. Exploration programs in 2005 and 2006 have outlined several targets for follow-up. A surface mapping and prospecting program was compleeted in 2006. In 2009 the source of a high grade boulder was discovered, yet to be followed up on.

Company Overview

Cariboo Rose Resources Ltd. operates six very prospective gold and copper mineral exploration projects in British Columbia and the Yukon. Four of the projects are currently optioned and will have active exploration in 2009 with a $1.5 million budget for third party expenditures. Cariboo Rose is part of The Eastfield Group.

Business Strategy

Cariboo Rose operates in British Columbia and the Yukon, jurisdictions with low political risk and a long history of mineral development. The projects were acquired in times of low mineral prices and offer large upside in the event of a major discovery.

Other Properties

Woodjam North: Gold and Copper Project

Woodjam is high quality copper project located in south-central British Columbia approximately 70 kilometres east of Williams Lake and 5 kilometres from the Mount Polley claim group. Previous drilling in Woodjam at the Megabuck Zone has included 361 metres grading 0.84 g/t gold and 0.12% copper, and 358 meters grading 0.82 g/t gold and 0.12% copper.

The Woodjam Joint Venture, consisting of Fjordland Exploration Inc. (60%) and Cariboo Rose Resources (40%) optioned the Woodjam North property to Gold Fields Ltd. in June 2009.

Under terms of that option deal Gold Fields may earn an initial 51% interest by expending C$7.0 million in exploration, and making $350,000 in cash payments to the Joint Venture, over a three year period with a minimum expenditure of $1.0 million in the first year. Gold Fields may extend the option to earn a further 19% interest in the Woodjam North property by funding a further C$12.0 million in exploration over a 4-year period. Should Gold Fields elect not to extend the option, then the Woodjam Joint Venture (Fjordland/Cariboo Rose) will have the right to make an offer for Gold Fields’ 51% interest and if it is not accepted it then will have the right of first refusal on any offers to acquire Gold Fields’ vested 51% interest.

Woodjam South: Gold and Copper Project

Woodjam is high quality copper project located in south-central British Columbia approximately 70 kilometres east of Williams Lake and 5 kilometres from the Mount Polley claim group. Previous drilling in Woodjam in the Southeast Zone has included 1.01% copper, 0.44 g/t gold and 0.002% molybdenum over 201 metres. Plans for follow up are being discussed.

Woodjam is a joint venture between Cariboo Rose and Fjordland Exploration, where Cariboo Rose holds a 40% interest in the property and Fjordland holds a 60% interest.

Canadian Creek

Cariboo Rose owns 100% and has assigned an option to Alder who can earn a 60% interest in the property by completing $250,000 in cash payments, issuing 250,000 shares performing exploration expenditures $2.5-million by June 18, 2013. Alder has given a firm commitment to complete the first $250,000 of the work by June 18, 2010.

Cariboo Rose has had Canadian Creek for years and optioned it out a few times. The property has an untested soil gold-arsenic anomaly similar to White Gold and is bordering Westen Copper’s Casino Deposit. Cariboo Rose is a project generator and thus non dilutive. Has a large project called Woodjam North in the Cariboo Region optioned to Gold Fields of South Africa. There are also three other projects in the Cariboo region.

Cowtrail: Copper and Gold Project

The Cowtrail gold and copper property is located five kilometres southeast of the existing Mt. Polley claim group, operated by Imperial Metals Corporation. The property covers an airborne magnetic feature that extends to the northwest from a weakly mineralized alkalic intrusive discovered by drilling completed in 1998. The property is currently under option to Dajin Resources, who may earn a 65% interest in the property.

Pat: Copper and Gold Project

The Pat project is a copper and gold project located in the eastern Cariboo close to Wildrose Resources’ Spanish Mountain project and the Woodjam project. It shows a magnetic signature similar to Mt. Polley as well as an Induced Polarization anomaly. The Pat project is 100% owned by Cariboo Rose and is optioned to Astorious Resources, who will be drilling in 2009.

Investment Highlights

Cariboo Rose Resources is a suitable investment for the risk tolerant investor who would like to participate in gold, copper and molybdenum exploration in Canada. Cariboo Rose can be considered an incubator of early state exploration projects, with a strategy to advance these projects by enticing partners and optionees to do the work. This reduces downside risk to investors while leaving a strong upside in the event of a major discovery.

What is the advantage of investing in Cariboo Rose?

All properties have potential for major gold and copper discoveries.
Experienced management with geologists who are familiar with the projects.
A good capital structure with less than 25 million shares outstanding.
High leverage – properties are developed by optionees or joint venture partners.
No debt and substantial unallocated financial resources.
Low political risk.

Company Contact

Mr. Paul Way
Business Development Manager
Toll Free: 1(888)-656-6611

Corporate Office:
Address: Suite 110, 325 Howe Street, Vancouver, B.C., Canada V6C 1Z7
Telephone: (604) 681-7913
Fax: (604) 681-9855
Email: info@eastfieldgroup.com
Web site: www.cariboorose.com

Be Sociable, Share!
  1. No comments yet.
(will not be published)


  1. No trackbacks yet.