Mr. David Douglas reports
CARIBOO ROSE ANNUAL GENERAL MEETING
Cariboo Rose Resources Ltd.
recently held its 2023 annual general meeting in Vancouver. All motions passed including the appointment of Davidson and Company as auditor, approval of Eastfield's incentive stock option plan, and the election of James W. Morton, Glen Garratt, David Douglas, Gavin Titley and Reagan Glazier as directors.
Stock options
The company has
approved the granting of stock options to directors, officers and consultants for the purchase of 550,000 common shares of the company.
These options have a five-year term and allow the holder to purchase one common share of the company for five cents a share until Dec. 14, 2028. The options will vest immediately.
About Cariboo Rose Resources Ltd.
Cariboo Rose owns seven mineral projects in British Columbia including the 100-per-cent-owned
Lightning Strike project, a
shale-hosted gold-silver project modelled on the Spanish Mountain gold project located in similar rocks 95 kilometres to the northwest owned by
Spanish Mountain Gold Ltd. and the FG gold project located 35 kilometres to the north owned by Karus Gold Corp. 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 Russia. Seven historic drill holes on the Lightning Strike claims include intercepts of
3.42 grams per tonne gold and 228.1 g/t silver over 5.0 metres, 0.77 g/t gold over 20.0 metres and 19.30 g/t gold over 1.5 metres. Reverse circulation (RC) drill hole results completed by Cariboo Rose in 2021 and 2022 include
0.62 g/t gold and 7.2 g/t silver over 38.0
metres including
1.43 g/t gold and 16.3 g/t silver over 10.6 metres
and
0.54 g/t gold and 14.8 g/t silver over 19.8 metres. The Lightning Strike project is fully permitted.
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