Golden Cariboo Resources Reports Significant Gold Intersection in British Columbia Drilling
TL;DR
Golden Cariboo Resources' drill hole QGQ25-23 intersected 0.56 g/t gold over 99.84m, indicating potential resource expansion and investment advantage in the Cariboo Gold Project.
The company intersected gold mineralization through drilling, with QGQ25-23 showing 0.56 g/t over 99.84m, and ongoing drilling targets geological contacts to vector further mineralization.
Golden Cariboo's exploration in British Columbia supports responsible resource development, potentially creating local economic opportunities while rediscovering historical gold rush areas with modern techniques.
Golden Cariboo drilled into a 99.84-meter section with 0.56 g/t gold, including a 1.92-meter zone with 9.99 g/t, in the historic Cariboo Gold Rush region.
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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 significant intersection includes higher-grade zones, with 40.56 meters grading 1.00 g/t gold and a narrower 1.92-meter section showing 9.99 g/t gold, though gold grades have been capped at 10 g/t for reporting purposes.
The company, which trades on the Canadian Securities Exchange under symbol GCC, reported that two other drill holes, QGQ25-21 and QGQ25-24, intersected intermittent anomalous gold mineralization but were terminated early due to mechanical issues. All holes ended within anomalous intersections, suggesting mineralization continues beyond the drilled sections. The technical information was reviewed by independent consultant Jean Pautler, a Professional Geoscientist registered with Engineers and Geoscientists BC.
This discovery matters because it occurs in the historically significant Cariboo Gold Rush region, where over 101 placer gold creeks along a 90-kilometer trend have recorded production, with placer mining continuing today. The property is located 4 kilometers northeast of Hixon, British Columbia, and borders Osisko Development's Cariboo Gold Project. The geological setting shows strong similarities to the Spanish Mountain gold deposit 120 kilometers southeast along the same trend, which belongs to the epizonal orogenic subclass that includes world-class deposits like Muruntau in Uzbekistan and Bendigo in Australia.
Ongoing drilling 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. For more information about the company and its projects, visit www.goldencariboo.com.
The implications of these results extend beyond the immediate drilling program. Successful exploration in this region could potentially expand known mineralization and contribute to British Columbia's mining sector, which has historically been a significant economic driver. The intersection of nearly 100 meters of gold mineralization suggests continuity that could support future resource estimation and development planning. However, the company notes that interval widths reported have insufficient data to reliably estimate true width at this stage.
Investors and industry observers should note that the news release contains forward-looking statements subject to risks and uncertainties, including that the company may not have the resources required to proceed with its exploration plans or may encounter regulatory barriers. The original release can be viewed on www.newmediawire.com. The Canadian Securities Exchange has not reviewed or approved the contents of this announcement.
Curated from NewMediaWire
