The Cariboo is located 13 kilometres northwest of Likely, 2.4 kilometres north of the Quesnel River. Gold is reported to occur in veins and shear zones hosted in chloritic and pyritic volcanic rocks the Triassic Nicola Group. Gold is associated with arsenopyrite.
Drilling in 1989 by International Corona Corp., drillhole C-89-6, encountered 8.5 metres grading 5.26 grams per tonne gold. Four drill holes in 2003 by Cross Lake also tested the epithermal gold zone. The drill results have extended the zone of gold mineralization, which remains open and several priority targets in the immediate area remain untested (Press Release, Cross Lake Minerals Ltd., January 26, 2004).
Trenches excavated in 2002, C T-02-l to CT-02-3, exposed orange-colored mainly oxidized, volcanic tuff containing approximately 1 per cent fine-grained pyrite and arsenopyrite hosted by unaltered green basalt. The stratigraphy and veining strike northwest- southeast and dip north at approximately 70 degrees. The best gold intersection was in trench CT-02-l and contained 2.24grams per tonne gold over a 3.0 metre width (Assessment Report 26933). This correlates well with the gold intersection in the 1989 drill hole C-89-6.Trench CT-024 exposed oxidized tuffs and argillites and crosscuttingd iorite dykes. There are three oxidized shear zones striking east-west and northeast-southwest and dipping south, that contain highly elevated arsenic but the gold values were low.
In 1982, reconnaissance scale mapping and soil geochemistry along with soil geochemistry occurred on a small grid in the south cental portion of the claims. In 1983, additional detailed mapping and soil geochemistry was done. In 1984, an airborne geophysical survey was completed consisting of magnetometer and two frequency VLF-EM: 370 line kilometres with 250 metre flight line spacing covering 9,000 hectares. In 1985, an IP survey totaling 10.9 line kilometres over pyritic basalts near Maud Creek was done. A soil geochemical survey was completed the on east-central portion to cover one of the magnetic highs and two of the VLF anomalies from the 1984 survey. Additional mapping and rock sampling was also done. In 1986, existing East and West grids were expanded by the addition of 45 line kilometers and soil coverage completed. Magnetometer and VLF-EM surveys were completed over 41.2 kilometres and an IP survey over 12 kilometres of the East grid. In 1988, JUN 1-4 claims staked to protect open ground to the east of the property. In 1989, access roads to the East and West grids, consisting 5.5 kilometres of improved existing trail and 3.2 kilometres of new road, were built. Ten diamond drill holes (1,751 metres) were drilled to test geophysical and geochemical anomalics. The East grid was expanded to the east with 26.0 line kilometers of grid and soil sampling.
In 2002, Cross Lake Minerals Ltd., excavated 411 metres in 4 trenches. They followed up in 2003, by collecting 859 soil samples and conducting a 19.6 kilometre induced polarization and ground magnetic survey. The Phase 2 part of the 2003 program consisted of diamond drilling and was implemented in November 2003 to test coincidental geochemical and geophysical anomalies identified in the early part of the year’s program. The Phase 2 program consisted of seven holes totaling 1,421.4 metres of diamond drilling. No work is recorded for 2004 or 2005.
Three holes put down by Cross Lake Mineral Ltd. in 2003 about 700 metres north of the gold zone encountered copper-molybdenum mineralzation. This new zone is given and new MINFILE location.
