VANCOUVER, 10/12/12 - Caribou King Resources Ltd. ("Caribou" or the "Company") (TSX VENTURE: CKR) (FRANKFURT: CB8) announces that it is commencing a ground program on its 100% owned Tahts Reach property, adjoining Gold Reach Resources Ltd.'s ("Gold Reach") Ootsa Property on the northeast boundary, and near the Huckleberry Cu-Mo-Au Mine in central British Columbia.
The Tahts Reach claims cover 1,800 hectares and are situated on the northeast boundary of Gold Reach Resources' Ootsa Property, which includes the Ox deposit with a NI 43-101 compliant inferred mineral resource containing 16.1 million tonnes grading 0.3% copper and 0.04% molybdenum (see Gold Reach news release dated February 5, 2008). More recently, on its West Seel deposit, Gold Reach intersected 537 meters grading 0.65% copper equivalent including 128 meters grading 1.01% copper equivalent (see Gold Reach news release dated October 10th, 2012). The claims are also only 30 kilometers east of the Huckleberry Mine, which currently produces Cu, Au and Mo from a 16,000 tonne per day operation.
The work program will focus on reconnaissance mapping and sampling of the claims, which, based on historical reports, exhibits geology that is similar to that on the Ootsa Property to the west. Based on results, a winter drill program will be considered.
Yukon Claims
The Company has also determined to not proceed on its option for the Vault claims in the Yukon with Strategic Metals, Ltd.
Caribou Copper's mission is to identify, acquire, and advance high potential base and precious metal prospects.
ON BEHALF OF THE BOARD
Michael England CEO and Director
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.
Contacts:
Caribou King Resources Ltd. Michael England, CEO and Director 1-604-683-3995 or Toll Free: 1-888-945-4770 604-683-3988 (FAX)
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
VANCOUVER, 10/12/12 - Caribou King Resources Ltd. ("Caribou" or the "Company") (TSX VENTURE: CKR) (FRANKFURT: CB8) announces that it is commencing a ground program on its 100% owned Tahts Reach property, adjoining Gold Reach Resources Ltd.'s ("Gold Reach") Ootsa Property on the northeast boundary, and near the Huckleberry Cu-Mo-Au Mine in central British Columbia.
