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Karus Gold, with multiple highly prospective targets, is exploring a 1,000 km2 region in the southern portion of the Cariboo Gold District of British Columbia, a historic gold producing area that is vastly under-explored.
The Cariboo Gold District (“District”) is host to more that 15 million ounces of gold based on past production, reserves, and resources. This growing gold endowment is hosted within what geologists call sediment hosted, orogenic gold (“SHOG”) deposits. SHOG deposits form some of the largest gold deposits globally and include numerous multi-million ounce past producing and current deposits within the Victorian Goldfields of Australia and the Lena Goldfields district in Russia which contains the “world class” Sukoi Log deposit.
Most of the historical gold production and current gold endowment in the Cariboo lies within the Barkerville camp in the northern part of the District. However, the Eureka structural trend (“Trend”) that drives gold mineralization in the District, extends for over 110 kilometres to the southeast and includes the Spanish Mountain deposit and Karus Gold’s 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 NI 43-10 technical report on the South Cariboo Property, dated November 26, 2021 and titled “Technical Report on the South Cariboo Property”, is filed on SEDAR and also available HERE. The report includes the FG Gold and Gold Creek projects.