VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/13 -- CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company") (TSX VENTURE: CKR)(FRANKFURT: CB8) is pleased to announce the addition of Michel Boily M.Sc. Ph.D. P.Geo to its advisory board. Dr. Boily is an expert geochemist and metallogenist specializing in the interpretation of precious and rare metal deposits of Precambrian volcano-plutonic terranes. He also [...]
Caribou King Resources is pleased to announce it has signed an agreement to acquire 100% of three Quebec graphite properties namely TAC, Lac Vert and Buckingham, all situated in southwestern Quebec in the Central Metasedimentary Belt of the Grenville Geologic Province. The properties are prospective for large flake, crystalline graphite and have a historic record of exploration and production for graphite mineralization.
Caribou King Resources is pleased to announce it has expanded its Nursey Project land holdings to include property immediately adjacent to the west boundary of SGX Resources. Caribou has signed an option agreement with Nebu Resources to acquire 960 hectares of claims, most of which adjoin four kilometers of shared boundary with SGX's Timmins South Project, which recently intersected 57.4 g/tonne gold over 3.3 meters and [...]
Caribou King Resources announces that it has acquired two key mineral claims on the Willa gold deposit located in the Slocan Mining District of British Columbia. Discovery Ventures recently announced an LOI whereby they have entered into negotiations to acquire an 80% interest in the mineral claims comprising Willa deposit (see Discovery Ventures Inc. news release, October 18th, 2012).
Caribou announces that it is commencing a ground program on its 100% owned Tahts Reach property, adjoining Gold Reach Resources Ltd.'s ("Gold Reach") Ootsa Property on the northeast boundary, and near the Huckleberry Cu-Mo-Au Mine in central British Columbia. 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 [...]
Caribou is pleased to announce it has acquired two groups of claims in B.C. adjacent to both Barkerville Gold Mines Ltd. and Gold Reach Resources Ltd. The contiguous claims adjoining Gold Reach cover 1,800 hectares and are situated on the northeast boundary of their 100%-owned Ootsa Property. Gold Reach recently announced the addition of a third drill rig to its drilling program currently underway at its West Seel [...]
Caribou is pleased to announce that the private placement financings announced June 15th, 2012 have been oversubscribed. The Company expects to close the financings shortly upon receipt of all completed subscription agreements and approval by the TSX Venture Exchange. The above offerings will have a four month hold period and are subject to acceptance by the TSX Venture Exchange.
Caribou has arranged a non-brokered private placement of 8,000,000 flow-through units at a price of $0.10 per Unit for aggregate gross proceeds of $800,000 . Each Unit will be comprised of one flow-through common share and one non-flow-through share purchase warrant of the Company. Each Warrant will entitle the holder to purchase one common share of the Company (a "Warrant Share") for a period of 18 months from the [...]
Caribou is pleased to announce that it has entered into an option agreement with an arm's length exploration and development company (the "Optionor") pursuant to which Caribou has been granted an option to acquire a 100% interest in a portfolio of properties in Ontario containing ten separate graphite occurrences. Each graphite occurrence has been located through government mapping, and several exhibit significant [...]
Caribou is pleased to announce it has acquired seven contiguous unpatented block prospective mining claims in the gold-prolific Timmins Mining District. The Nursey Property is located in the Nursey Township, Porcupine Mining Division, and is made up of 92 claim units covering 1,440 hectares. The Nursey property is approximately 60 kilometers south of Timmins, Ontario, and five kilometers southwest of the Timmins South [...]
Caribou has approved its 2012 exploration program for the Vault Au-PGE property, located 140 kilometers northwest of Haines Junction in the Whitehorse Mining District of southwestern Yukon, and within 500 meters of the Wellgreen Cu-Ni platinum group element project that is presently under resource evaluation by Prophecy Platinum. The exploration program will include airborne geophysics as well as additional mapping and [...]
Caribou is pleased to announce it has entered into an agreement with Alix Resources to purchase the remaining 51% interest from Alix in the five Yukon properties that Alix and the Company have been exploring since 2011. Initially Alix had an option to earn a 100% interest in the five properties pursuant to an option agreement with Strategic Metals Ltd. dated January 2011 (see Alix News Release, January 31, 2011). In May [...]