Golden Cariboo Resources Ltd. announced drill results from its Quesnelle Gold Quartz Mine property in central British Columbia, intersecting 0.56 grams per tonne gold over 99.84 meters in drill hole QGQ25-23. This interval included a higher-grade section of 1.00 g/t gold over 40.56 meters, with a narrower zone of 9.99 g/t gold over 1.92 meters, though gold grades were capped at 10 g/t for reporting. The company noted that interval widths reported have insufficient data to reliably estimate true width at this stage.
Two additional drill holes, QGQ25-21 and QGQ25-24, intersected intermittent anomalous gold mineralization but were terminated early due to mechanical issues while drilling. Hole QGQ25-21 returned 0.20 g/t gold over 110.68 meters, while QGQ25-24 intersected 0.25 g/t gold over 38.85 meters. All holes ended within anomalous intersections, suggesting mineralization extends beyond the drilled areas.
The technical information was reviewed by independent consultant Jean Pautler, a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of the Province of BC and licensed by Engineers and Geoscientists BC, who is a Qualified Person under NI 43-101 standards. Ongoing drilling in the fall is testing north of the Halo zone, with drill hole QGQ25-28 currently in progress. The company is targeting areas proximal to the greenstone and argillite inferred contact to vector into further mineralization to the north.
The Quesnelle Gold Quartz Mine property is located 4 kilometers northeast of Hixon in central British Columbia and is road accessible. The property includes the Quesnelle Quartz gold-silver deposit, discovered in 1865 and developed over a footprint of about 150 meters by 150 meters at the Main zone straddling Hixon Creek. The geological setting shows strong similarities with the Spanish Mountain gold deposit, situated 120 kilometers 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 in Uzbekistan and Bendigo in Australia. The property is bordered by Osisko Development and located along a favorable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899 hectare 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. For more information, visit https://www.goldencariboo.com. The original release can be viewed on https://www.newmediawire.com.
