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FAQ: Golden Cariboo Resources' Gold Drilling Results and Exploration Update
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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The company intersected 0.56 g/t gold over 99.84m (327.56 ft) in drill hole QGQ25-23, including a higher-grade section of 1.00 g/t gold over 40.56m and a very high-grade section of 9.99 g/t gold over 1.92m. Drill holes QGQ25-21 and QGQ25-24 showed intermittent anomalous gold mineralization but were terminated early due to mechanical issues.
The drilling is taking place on the Quesnelle Gold Quartz Mine property in central British Columbia, located 4 kilometers northeast of Hixon and bordered by Osisko Development at the north end of the Cariboo Gold Project.
These results demonstrate significant gold mineralization over substantial widths, particularly the 99.84m intersection at 0.56 g/t gold, indicating potential for economic gold deposits. The property's geological setting shows strong similarities to the Spanish Mountain gold deposit, suggesting it may belong to the same class as some of the world's largest gold deposits.
The interval widths reported have insufficient data to reliably estimate true width, and gold grades have been capped at 10 g/t for reporting purposes. The table includes measurements in both meters and feet, along with silver content where available.
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 technical information has been reviewed by Jean Pautler, an independent consultant who is a Professional Geoscientist registered with APEGBC and licensed by Engineers and Geoscientists BC, making him a 'Qualified Person' under NI 43-101 standards.
The property includes a gold-silver deposit discovered in 1865 and developed over about 150m x 150m at the Main zone. Historically, over 101 placer gold creeks along the 90-kilometer trend have recorded production, with successful placer mining continuing to this day.
The geological setting shows strong similarities with the Spanish Mountain gold deposit 120 km southeast along the same trend. As a sediment-hosted vein deposit, it's considered to belong to the epizonal orogenic subclass that includes world-class deposits like Muruntau in Uzbekistan and Bendigo in Australia.
Golden Cariboo is proceeding with highly targeted drilling and trenching programs on its 94,899 hectare property, focusing on rediscovering the Cariboo Gold Rush by exploring along favorable geological corridors adjacent to major thrust faults.
Curated from NewMediaWire
