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 interval included a higher-grade section of 1.00 g/t gold over 40.56 meters, with a narrower zone of 9.99 g/t gold over 1.92 meters. The company noted that gold grades were capped at 10 g/t for reporting purposes, and interval widths currently have insufficient data to reliably estimate true width.
Additional drill holes QGQ25-21 and QGQ25-24 intersected intermittent anomalous gold mineralization but were terminated early due to mechanical issues while drilling. Hole QGQ25-21 returned 0.20 g/t gold over 110.68 meters, while QGQ25-24 intersected 0.25 g/t gold over 38.85 meters. All holes ended within anomalous intersections, suggesting mineralization may extend beyond the drilled intervals.
The technical information was reviewed by independent consultant Jean Pautler, a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of the Province of BC and qualified under NI 43-101 standards. Ongoing fall 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.
The Quesnelle Gold Quartz Mine property is located 4 kilometers northeast of Hixon in central British Columbia and is road accessible. The property includes the Quesnelle Quartz gold-silver deposit discovered in 1865, developed over a footprint of approximately 150 by 150 meters at the Main zone straddling Hixon Creek. The property covers 94,899 hectares in a region historically known for gold production, with over 101 placer gold creeks along a 90-kilometer trend from the Cariboo Hudson mine north to the Quesnelle property recording production, and successful placer mining continuing to this day.
Geologically, the gold mineralization at Quesnelle shows strong similarities with the Spanish Mountain gold deposit located 120 kilometers southeast along the same geological trend. As a sediment-hosted vein deposit, Spanish Mountain is considered part of the epizonal orogenic subclass of gold deposits that include some of the world's largest deposits such as Muruntau in Uzbekistan and Bendigo in Australia. The property is bordered by Osisko Development and partly intertwined with them at the north end of the Cariboo Gold Project, situated along a favorable corridor adjacent to the Spanish and Eureka thrust faults.
These results are significant for the mining industry as they demonstrate continued mineralization in a region with extensive historical gold production. The intersection of nearly 100 meters of gold mineralization suggests potential for bulk-tonnage targets, while the higher-grade intervals indicate the presence of richer zones within the system. For investors and stakeholders, these findings support Golden Cariboo's exploration strategy of rediscovering the Cariboo Gold Rush through targeted drilling programs. The company's focus on geological vectors and structural controls aligns with modern exploration approaches for sediment-hosted gold systems. The property's location adjacent to major mining companies and along established geological trends enhances its prospectivity in a jurisdiction with established mining infrastructure and favorable geology.
