Caribou Commences Work at Tahts Reach Gold Property, B.C.

By Midnight Trader,  October 12, 2012, 03:25:55 PM EDT

Caribou King Resources (CKR.V) is commencing a ground program on its 100% owned Tahts Reach property 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.

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.

The company also announced that it has determined to not proceed on its option for the Vault claims in the Yukon with Strategic Metals, Ltd.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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