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Diamond Drilling Commences at Carbonate Hosted Gold Project by Cariboo Rose & Basin Uranium

Cariboo Rose Resources Ltd. (TSXV:CRB) and Basin Uranium Corp. (CSE:NCLR) have kicked off their diamond drilling program at the Carbonate Hosted Gold Project.

Diamond Drilling Program Overview

Following a 2021 VTEM geophysical survey that spotted multiple anomalies, the team faces the challenge again with diamond drilling. Previously, reverse circulation drilling attempts in March 2023 had to be abandoned. The project targets significant gold anomalies in southern BC, near the Marble Range.

The Geological Significance of CHG

CHG’s location is pivotal due to its carbonate rocks, which have shown significant potential for gold mineralization. Past explorations have returned high gold values, promising for CHG’s potential.

Basin Uranium’s Earn-In Agreement

Basin Uranium aims to earn up to 70% interest in CHG by meeting specific financial and exploration conditions by December 2027.

About Cariboo Rose Resources Ltd.

Besides CHG, Cariboo Rose owns six more mineral projects, each presenting unique opportunities and collaborations.

J.W. (Bill) Morton, P.Geo., President of Cariboo Rose, confirms the technical aspects of this news release in line with NI-43-101 standards.

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