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Vancouver, BC – TheNewswire - July 29 , 2025 – Cariboo Rose Resources Ltd. (TSXV:CRB) ( “ Cariboo Rose” ) and BRS Resources Ltd. ( “ BRS” ) are pleased to announce that a drill contract has been signed to begin diamond drilling at the Cowtrail Copper-Gold Project, located near the community of Horsefly in south-central British Columbia.
The 4,592-hectare Cowtrail property is strategically
situated 15 kilometers southeast of Imperial Metals
’
Mt. Polley Mine and borders Vizsla
Copper
’
s Woodjam and
Redgold copper-gold projects. Cariboo Rose has held full ownership of
the property since 2004.
Cowtrail is positioned within the
Jurassic
–
Triassic
Quesnel Terrane, a prolific mineral belt hosting numerous copper-gold
porphyry deposits. Historic reconnaissance drilling in 2007 and 2011
tested induced polarization (IP) and soil geochemical anomalies
defined by earlier surveys in 1997, 2004, and 2006. This work
identified a southwest-trending vector of increasing mineralization
extending beyond the areas previously drilled.
Drill intercepts from those campaigns returned
promising results, including 1.16 g/t gold over 18.3 meters (hole
07-DDH-1) and 0.17% copper with 0.11 g/t gold over 40.0 meters (hole
CT11-12). Subsequent soil surveys in 2006 and 2021 outlined a
gold-arsenic anomaly coinciding with a strong IP chargeability feature
1,500 meters west of the historic drill sites.
Recent Work and the 2025 Program
In 2023, Cariboo Rose completed a five-hole drill
program targeting the Lea Lake and BM Breccia areas. The most
significant result came from hole CT23-16, which intersected 0.15%
copper over 105.0 meters, including 0.23% copper and 0.11 g/t gold
over 15.0 meters.
This hole, collared 45 meters south of CT11-12,
demonstrated strong continuity of mineralization and remains open to
the south.
Building on this success, the 2025 drill program
will focus on four new holes, each 250
–
300 meters deep, to further expand
the mineralized footprint at Lea Lake.
BRS Resources Option Agreement
Under the terms of an option agreement dated December
19, 2022, BRS Resources may earn a 60% interest in the Cowtrail
Project by:
•
Funding $2,000,000 in
exploration expenditures, and
•
Providing $400,000 in a combination of cash
payments and share issuances over a five-year period.
Upon completion of these commitments, a joint venture will be established, with BRS holding a 60% interest and Cariboo Rose retaining 40%. If Cariboo Rose ’ s interest is subsequently diluted below 15%, it will convert to a 2.5% net smelter return (NSR) royalty, which may be reduced to 1% through a one-time payment of $2,000,000.
J.W. (Bill) Morton, P.Geo., Director of Cariboo Rose, is the Qualified Person as defined by NI 43-101 and has reviewed and approved the technical content of this news release.
About Cariboo Rose Resources Ltd.
Cariboo Rose Resources Ltd. holds seven mineral
projects in British Columbia, including the 100%-owned Lightning
Strike shale-hosted gold project east of 100 Mile House, and the
Carruthers Pass massive sulfide project southwest of the Kemess
Mine.
Additional holdings include the Carbonate Hosted
Gold project (optioned 60
–
70% to Basin Uranium Corp.), the Pat copper-gold porphyry
project, the Coquigold epithermal gold project (70% option to CMP
Minerals), and the Koster Dam gold project (a 55/45 joint venture with
Discovery Energy Metals Corp.).
Lightning Strike and Carruthers Pass are the
company
’
s most advanced
projects, with Lightning Strike planned for drilling in 2025 and
Carruthers Pass fully permitted for further work.
Cariboo Rose Resources Ltd.
(604) 681-7913 | Toll-Free:
1-888-656-6611
www.cariboorose.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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