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Grande Plata Showing Strong Silver Results
Prnewswire· 2026-01-27 13:15
Core Insights - The company is advancing its exploration efforts at the Grande Plata Silver Project, with a focus on high-grade silver and copper mineralization, particularly in light of the significant increase in silver prices from $33/oz to over $100/oz [3]. Group 1: Geological Findings - Recent reconnaissance sampling at various prospects, including Calabozo and San Jose, has shown promising results with high-grade intersections, such as 6m at 407g/t Ag and 2.94% Cu [4]. - The geological reports indicate potential for broad, moderate to high-grade mineralization, with altered dacitic tuff units hosting mineralized veins up to 100m wide in locations like Calabozo [1]. Group 2: Upcoming Activities - The company plans to conduct mapping and trenching ahead of a diamond drilling program scheduled for March, along with upgrading access roads and drill pads to prepare the site [3]. - Previous channel sampling by Rugby Mining has provided encouraging results, which will inform the upcoming drilling efforts [1].
Cariboo Rose Annual General Meeting
Thenewswire· 2025-12-08 14:30
Core Points - Cariboo Rose Resources Ltd. held its 2025 Annual General Meeting in Vancouver, where all motions were passed, including the appointment of auditors and the election of directors [1] - The company approved a 2-for-1 share consolidation at the AGM but has no immediate plans to implement it [2] Company Overview - Cariboo Rose owns seven mineral projects in British Columbia, with the Lightning Strike Project being 100% owned and located approximately 65 kilometers northeast of 100 Mile House [4] - The Lightning Strike Project has significant gold and gold-silver mineralization found in Upper Triassic age black phyllites [4] Recent Developments - In January 2025, Cariboo Rose negotiated an option to acquire a 100% interest in claims containing the original Homestake discovery and several well-mineralized drill intercepts [5] - Diamond drilling at the Lightning Strike Project commenced in October 2025 [5] Notable Drill Results - Recent drill intercepts include: - 0.77 g/t gold over 54.0 meters - 3.42 g/t gold and 228.1 g/t silver over 5.0 meters - 2.88 g/t gold over 24.0 meters - 8.84 g/t gold over 7.5 meters [7]