Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) has announced the completion of five diamond drill holes, including QGQ26-34, targeting high priority structural features adjacent to the established Halo zone. The company has completed holes QGQ26-30 through QGQ26-34, with core logging and sampling in progress and assays being conducted by MSALabs of Prince George on an ongoing basis. Notably, drill hole QGQ26-30, which tests the western contact of the Halo zone, will be included in Golden Cariboo’s upcoming maiden Mineral Resource Estimate (MRE). Ongoing property-wide data validation provided the opportunity to add this drill hole, expanding the study to encompass up to 9 historical drill holes alongside the company’s first 30 surface diamond drill holes.
President and CEO Frank Callaghan stated, “Integrating hole QGQ26-30 into our upcoming maiden Mineral Resource Estimate is a pivotal addition that directly enhances the scale and confidence of our geological model. Property-wide data validation allowed us to expand the MRE dataset to thirty of our surface diamond drill holes alongside historical data, while our latest drilling campaign successfully stepped out to test structural contacts and the corridor toward the Main zone. With assays actively progressing at MSALabs, we continue to define the true footprint of this system while maintaining cost-effective, year-round drilling.”
The technical information in this news release has been reviewed and approved by Gordon Gibson, an independent consultant commissioned by the company. Gordon Gibson is a Professional Geoscientist (P.Geo.) registered with the Association of Professional Engineers and Geoscientists of the Province of BC and is a “Qualified Person” with respect to NI 43-101.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property, which is bordered by Osisko Development and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899 hectare (234,501 acre) area. Historically, over 101 placer gold creeks on the 90-kilometer trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property have recorded production, with successful placer mining continuing to this day.
The Quesnelle Gold Quartz Mine property is 4 kilometers northeast of Hixon in central British Columbia. The property includes the Quesnelle Quartz gold-silver deposit, discovered in 1865 and developed over a footprint of about 150m x 150m at the Main zone straddling Hixon Creek. The geological setting of the gold mineralization shows strong similarities with the Spanish Mountain gold deposit, situated 120 km towards the southeast along the same geological trend. As a sediment-hosted vein deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits, which include some of the world’s largest deposits such as Muruntau, Uzbekistan and Bendigo, Australia.
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