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Caribou King Resources Ltd. (TSXV:CKR) reported an update on its activities for 2011, including a name change and project updates.
Caribou King Resources Ltd. (TSXV:CKR) reported an update on its activities for 2011, including a name change and project updates.
As quoted in the press release:
The Vault Property is located 140 kilometers northwest of Haines Junction in the Whitehorse Mining District of southwestern Yukon, and adjacent to the Wellgreen platinum group element (‘PGE’) project that is presently under resource evaluation by Prophecy Platinum Corp. (TSX VENTURE:NKL). Detailed mapping and sampling completed in 2011 located quartz veins with up to 1.03 g/t gold in altered phyllites and andesites that are coincident with previously-reported soil anomalies on the southwestern portion of the property. On the northwestern claims, rocks similar to those at Wellgreen were discovered including new gabbro outcrops, as well as peridotite in outcrop, and a peridotite float grab sample with 93 ppb Pd and 42 ppb Pt. During the 2011 program, an additional 103 claims were staked immediately southeast and contiguous with the property. These claims will be assessed in 2012 for potential gold as well as Wellgreen-type Cu-Ni-PGE mineralization.
Click here to read the Caribou King Resources Ltd. (TSXV:CKR) press release. Â
