Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) has provided a drilling update for the Halo zone at its Quesnelle Gold Quartz Mine Property, located approximately 4 kilometers east of Hixon, British Columbia. The company completed two additional surface diamond drill holes from the same drill pad at coordinates 531388mE, 5922785mU (UTM Nad83), a few meters south of the QGQ25-28 collar. This development is part of ongoing efforts to rediscover the Cariboo Gold Rush through highly targeted drilling and trenching programs.
Drill hole QGQ26-31 reached a depth of about 109 meters (356 feet) with an orientation of 270°/-53°, specifically aimed at the western contact of the Halo zone. The contact was successfully located at approximately 79 meters (258 feet) depth. A second hole, QGQ26-32, oriented 270°/-45°, was collared a few meters west of QGQ26-31, cased beyond the contact, and drilled to about 103 meters (337 feet). Core logging is currently in progress for both holes. Additionally, QGQ26-29 continues to be hand split, with about two days remaining, and samples are being shipped regularly to MSALAB in Prince George for analysis. Further updates will be provided as results become available.
The Quesnelle Gold Quartz Mine property is bordered by Osisko Development and partly intertwined with the north end of the Cariboo Gold Project. It spans 94,899 hectares (234,501 acres) along a favorable corridor adjacent to the Spanish and Eureka thrust faults. Historically, over 101 placer gold creeks on the 90-kilometer (56-mile) 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.
Golden Cariboo’s property includes the Quesnelle Quartz gold-silver deposit, discovered in 1865 and developed over a footprint of about 150 meters by 150 meters (less than 6 acres) at the Main zone straddling Hixon Creek. The geological setting of the gold mineralization shows strong similarities with the Spanish Mountain gold deposit, located 120 kilometers (75 miles) to the southeast along the same geological trend. As a sediment-hosted vein (SHV) deposit, the Spanish Mountain deposit is considered an epizonal orogenic subclass of gold deposits, which include some of the world’s largest deposits such as Muruntau, Uzbekistan, and Bendigo, Australia.
This drilling update is significant for stakeholders in the mining and resource sectors, as it represents continued exploration in a historically productive region with potential for large-scale gold deposits. The company’s focused approach on the Halo zone could provide valuable data on the extent and grade of mineralization, potentially impacting the valuation of the property and the broader perception of the Cariboo region's gold potential. For industry leaders, the progress at Golden Cariboo underscores the ongoing interest in sediment-hosted gold deposits and the application of modern exploration techniques to historic mining areas.
