Golden Cariboo Resources Ltd. has reported significant gold intercepts from diamond drilling at its Quesnelle Gold Quartz Mine property near Hixon, British Columbia. The company intersected 0.42 grams per tonne gold over 47.01 meters from surface in drill hole QGQ25-25, within a broader anomalous interval of 0.26 g/t Au over 190.2 meters. Additional mineralization was found deeper in the hole, including 0.76 g/t gold over 20.45 meters from 324.88 meters depth, with the hole ending in mineralization yielding 1.00 g/t gold over 1.91 meters.
The drill results are important because they demonstrate continuity of gold mineralization from surface to depth in the Halo zone, suggesting potential for expanding the known deposit. Drill hole QGQ25-25 represents a step-out 96 meters north-northeast of previous hole QGQ24-20, which returned 0.99 g/t Au and 9.77 g/t Ag over 236.88 meters according to company data available at https://www.goldencariboo.com. This spatial progression indicates the mineralization may extend along strike, potentially increasing the overall resource.
Company President and CEO Frank Callaghan stated the intersections from surface continue to extend the deposit along strike at the Halo zone. The company's infrastructure and proximity to Hixon allows for year-round drilling operations, with current drilling including hole QGC25-28, an 80-meter step north of QGQ25-25, which is being extended to target depth and has intersected extensive quartz-carbonate veins.
The technical significance of these results is enhanced by the analytical methods employed. Samples were analyzed using both conventional aqua regia digest with ICP-AES finish and PhotonAssay™ analysis, which uses larger sample sizes (250-500g) compared to traditional fire assay methods. This approach provides a more thorough assessment of gold distribution in coarse gold settings characteristic of the Halo zone, where nugget effects can impact conventional assay results. All samples were processed at the accredited MSALABS laboratory in Prince George, which is independent from the company.
For investors and the mining industry, these results from the Cariboo Gold Corridor region of British Columbia represent continued exploration success in a historically productive area. The property is located along a favorable geological corridor adjacent to the Spanish and Eureka thrust faults and shows similarities to the Spanish Mountain gold deposit 120 kilometers southeast along the same trend. The technical information has been reviewed and approved by independent consultant Jean Pautler, a Professional Geoscientist registered with APEGBC and qualified under NI 43-101 standards.
The implications of these drill results extend beyond the immediate property boundaries. Successful exploration in the Cariboo Gold Corridor could contribute to regional economic development while demonstrating the continued potential of British Columbia's historic gold districts. The company's ability to drill year-round due to existing infrastructure provides operational advantages that may accelerate exploration timelines compared to more remote properties with seasonal limitations.
