Golden Cariboo Resources Ltd. has announced drill results from its Quesnelle Gold Quartz Mine property in British Columbia, with one hole intersecting 0.89 grams per tonne gold over 70.65 meters from near surface. Drill hole QGQ25-27, located in the Halo zone, returned the significant intercept starting at 14.20 meters depth, including higher-grade sections of 3.25 g/t gold over 8.20 meters and 3.86 g/t gold over 5.20 meters.
The company's President and CEO Frank Callaghan stated that intersecting nearly 71 meters of continuous gold mineralization from near surface represents another strong indication of the scale and continuity developing within the Halo zone. "Results like this reinforce our confidence that we are delineating a significant mineralized system at the Quesnelle Gold Quartz property," Callaghan said. The drilling data will support the company's planned mineral resource estimate as exploration continues to expand the Halo zone and test the broader trend.
Drill hole QGQ25-26, drilled between the Main zone and Halo zone, intersected large quantities of andesitic flow, which is not a favorable host rock for quartz veining. The company noted that drill hole QGQ25-27 was terminated prematurely due to technical issues, while drill hole QGQ25-28 is currently ongoing, testing the northwest extension of the Halo zone. The technical information has been reviewed and approved by independent consultant Jean Pautler, a Qualified Person under NI 43-101 standards.
Quality assurance and quality control samples, including blanks, standards and coarse reject duplicates, constituted 5% of the total number of samples. The drill core samples were sent to the accredited MSALABS laboratory in Prince George for analysis using both aqua regia digest with ICP-AES finish and PhotonAssay™ analysis. The PhotonAssay method uses larger sample sizes (250-500g) compared to traditional fire assay methods, providing a more thorough assessment of gold distribution in coarse gold settings characteristic of the Halo zone, where nugget effects can impact conventional assay results.
The Quesnelle Gold Quartz Mine property is located 4 kilometers northeast of Hixon, 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 150m x 150m at the Main zone. The geological setting shows strong similarities with the Spanish Mountain gold deposit, situated 120 kilometers towards the southeast along the same geological trend. For more information about the company, visit https://www.goldencariboo.com.
This news is important for investors and the mining industry as it demonstrates the potential for significant gold mineralization at relatively shallow depths, which could impact development costs and timelines if the resource proves economically viable. The results suggest continuity within the Halo zone, potentially indicating a larger mineralized system than previously understood. The use of advanced assay methods like PhotonAssay™ addresses challenges with coarse gold distribution, providing more reliable data for resource estimation. As global gold demand remains strong, successful exploration in established mining jurisdictions like British Columbia contributes to regional economic development and resource security.
