Cariboo Rose Resources Ltd. has been advised by Basin Uranium Corp. (Basin Uranium), who are earning an interest in the Carbonate Hosted Gold Project (CHG), that reverse circulation drilling is expected to start imminently. CHG is located in southern BC near the community of Clinton in a semiarid setting on the east slope of the Marble Range.

A key contributor to the geological validation of CHG is the permissiveness of gold mineralization to carbonate rocks (silty sediments and limestone) as demonstrated by the Muddy Lake deposit in northern BC, the Rackla gold project in the Yukon Territory and the numerous gold deposits of Carlin Nevada. Since initiating exploration in 2013 Cariboo Rose has targeted three small drainages sourcing in the Marble Range (limestone dominant) that returned highly anomalous gold analysis in silt with numerous samples returning values ranging from 100 ppb to 929 ppb gold in silt and to greater than 10,000 ppb gold in sluiced silt. These east-flowing drainages source from an area approximately 8 kilometers wide.

An interesting observation on the potential of CHG is an excerpt from the Report to the Minister of Mines [British Columbia] 1886 referencing G.M. Dawson of the Geological Survey of Canada, (C.M. Dawson is namesake to Dawson City, Yukon). From the report: "Specimens of a jaspery quartz containing free gold and assaying $300 to the ton have been found in the early part of this year in three separate locations within the surveyed bounds of the town of Clinton. In 2021 a VTEM (Versatile Time Domain Electromagnetic) airborne geophysical survey was completed by Geotech Airborne Surveys and identified a number of resistivity and magnetic anomalies near the topographical high end of the silt and sluiced silt dispersion trains.

The current drill program will target these anomalies all of which are blind. Basin Uranium may earn a 60% interest in CHG by making payments of $300,000 and completing $1,500,000 in exploration by Nov, 2025 and thereafter an additional 10% interest by completing a bankable feasibility study within 24 months.