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Karus Gold, recently spun out of KORE Mining Ltd. (TSX-V: KORE), controls a dominant 1,000 square kilometers of claims in its South Cariboo Gold District of British Columbia. The claims host 110 km of structural trend that is highly prospective for gold deposits. Karus Gold has multiple projects in the Cariboo Gold District, including the FG Gold and Gold Creek gold projects. Much of the area is under-explored and wide open for additional discoveries. The Cariboo region is a prolific gold region and is accessible with local power, a well-developed road network and skilled local labour.
Karus is exploring a 1,000 square kilometer region in the South Cariboo Gold District of central British Columbia, which hosts 110 kilometers of the Eureka thrust structural trend (“Trend”) that drives gold mineralization in the District. The Trend is highly prospective for orogenic gold deposits, some of largest in the world, and includes Karus’ FG Gold and Gold Creek projects. The Cariboo region is accessible with local power, well developed road network and skilled local labour from multiple current and past operating mines.
The FG Gold project is over 13,000 hectares and is located in the South Cariboo Gold District, approximately 100 kilometers east of Williams Lake. The low elevation project and accessible by forestry roads is a orogenic gold deposit on the northeast limb of the Eureka syncline. Mineralization is open at depth and along almost the entire trend.
The Gold Creek project is nearly 9,700 hectares and is located in the South Cariboo Gold District, approximately 8 km northwest of the Spanish Mountain project. The low elevation project and accessible by forestry roads is has the potential for a district scale sedimentary hosted style gold deposit.