Mr. Byron Coulthard reports
BRS RESOURCES AND CARIBOO ROSE COMMENCE DRILLING AT COWTRAIL COPPER-GOLD PROJECT
BRS Resources Ltd. and Cariboo Rose Resources Ltd. have started drilling at the Cowtrail copper-gold project, located near the community of Horsefly in the Cariboo region of south-central British Columbia.
The 4,592-hectare (11,066-acre) Cowtrail property lies 15 kilometres southeast of Imperial Metals Corp.'s operating Mt. Polley mine and is contiguous with the Woodjam and Redgold copper-gold porphyry projects owned by Vizsla Copper Corp. Cariboo Rose has held 100-per-cent ownership of the property since 2004.
Situated within the prolific Jurassic-Triassic Quesnel terrane, Cowtrail is prospective for copper-gold porphyry mineralization. Past exploration, including reconnaissance drilling in 2007 and 2011, defined a southwest-trending vector of increasing mineralization beyond earlier drill coverage. Historical intercepts include:
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1.16 grams per tonne gold over 18.3 metres (hole 07-DDH-1);
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0.17 per cent copper and 0.11 g/t gold over 40.0 metres (hole CT11-12).
Soil surveys in 2006 and 2021 identified a strong gold-arsenic anomaly coincident with a pronounced induced polarization (IP) chargeability anomaly located 1.5 kilometres west of prior drilling.
A five-hole drill program completed in 2023 tested the Lea Lake and BM breccia areas. The highlight was hole CT23-16, which returned 0.15 per cent copper over 105.0 metres, including 0.23 per cent copper and 0.11 g/t gold over 15.0 metres. This hole was collared 45 metres south of CT11-12, with mineralization remaining open to the south (see Feb. 20, 2024, news release).
The 2025 program aims to drill four new holes, each 250 to 300 metres deep, in the Lea Lake area to expand on the mineralization intersected in CT23-16.
Under an agreement dated Dec. 19, 2022, BRS may earn a 60-per-cent interest in Cowtrail by completing $2-million in exploration expenditures and making $400,000 in cash and share payments over five years. Upon vesting its 60-per-cent interest, a joint venture will be formed. If Cariboo Rose's interest is reduced below 15 per cent, it will convert to a 2.5-per-cent NSR (net smelter return) royalty, reducible to 1 per cent with a $2-million payment.
Qualified person
J.W. (Bill) Morton, PGeo, a director of BRS and a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this release.
About BRS Resources Ltd.
BRS is a mineral exploration company focused on the identification, evaluation and acquisition of mineral exploration properties located in Canada and the United States and, once acquired, the exploration of those properties. BRS's principal property is the Cowtrail property, which is currently in the exploration stage. The Cowtrail property consists of 32 minerals claims covering 4,400 hectares located in south-central British Columbia, Canada.
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