Caribou Resources (TSXV:CKR) reported the start of a ground program at the 100% owned Tahts Reach property, adjoining Gold Reach Resources Ltd.’s Ootsa Property on the northeast boundary, and near the Huckleberry Cu-Mo-Au Mine in central British Columbia.
As quoted in the press release:
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 (see Gold Reach news release dated February 5, 2008). More recently, on its West Seel deposit, Gold Reach intersected 537 meters grading 0.65% copper equivalent including 128 meters grading 1.01% copper equivalent (see Gold Reach news release dated October 10th, 2012). The claims are also only 30 kilometers east of the Huckleberry Mine, which currently produces Cu, Au and Mo from a 16,000 tonne per day operation.