Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Cariboo Rose Resources ( (TSE:CRB) ) has shared an update.
Cariboo Rose Resources Ltd. and BRS Resources Ltd. have announced the commencement of diamond drilling at the Cowtrail Copper-Gold Project in British Columbia, a strategic location near other significant mining operations. This initiative follows promising results from previous drilling campaigns and aims to expand the mineralized footprint at the Lea Lake area. Under an option agreement, BRS Resources can earn a 60% interest in the project by funding exploration expenditures and providing cash payments and share issuances, potentially leading to a joint venture with Cariboo Rose.
More about Cariboo Rose Resources
Cariboo Rose Resources Ltd. is a mineral exploration company based in British Columbia, holding seven mineral projects including the Lightning Strike shale-hosted gold project and the Carruthers Pass massive sulfide project. The company focuses on copper-gold porphyry deposits and other mineral resources, with advanced projects planned for further exploration and drilling.
Average Trading Volume: 51,726
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2.32M
Learn more about CRB stock on TipRanks’ Stock Analysis page.