Golden Cariboo Resources Ltd. has announced drill results from its Quesnelle Gold Quartz Mine property located 4 kilometers northeast of Hixon, British Columbia. The company reported intersecting 0.42 grams per tonne gold over 47.01 meters from surface in diamond drill hole QGQ25-25, within a broader anomalous interval of 0.26 g/t gold over 190.2 meters. Additional gold mineralization was identified deeper in the hole, including 0.76 g/t gold over 20.45 meters from 324.88 meters depth. The drill hole ended in mineralization, yielding 1.00 g/t gold over 1.91 meters.
Diamond drill hole QGQ25-25 represents a step out in the Halo zone, with the collar positioned 96 meters to the north-northeast of previous drill hole QGQ24-20, which returned 0.99 g/t gold and 9.77 g/t silver over 236.88 meters. Another drill hole, QGC25-28, located 80 meters north of QGQ25-25, is currently being extended to target depth and has intersected extensive quartz-carbonate veins. The company's infrastructure and proximity to the community of Hixon in Central British Columbia enables year-round drilling operations.
Golden Cariboo Resources Ltd. President and CEO Frank Callaghan stated that the company continues to drive forward with intersections of mineralization from surface, extending the deposit along strike at the Halo zone. The company anticipates an active year in the Cariboo Gold Corridor. Quality assurance and quality control samples, including blanks, standards and coarse reject duplicates, constituted 5% of the total number of samples. All reported drilling utilized NQ core, which was logged and split in half before laboratory analysis.
Drill core samples were sent to the accredited MSALABS laboratory in Prince George for analysis. Samples underwent crushing to greater than 70% passing below 2 millimeters, splitting using a riffle splitter, and pulverization of 250-gram splits to greater than 85% passing below 75 microns. Analysis included a 35-element aqua regia digest with inductively coupled plasma atomic emission spectroscopy finish on 0.5-gram aliquots. PhotonAssay analysis was conducted for gold and silver using 250-500 gram samples, providing more thorough assessment of gold distribution in coarse gold settings characteristic of the Halo zone, where nugget effects can impact conventional assay results.
The technical information in the announcement has been reviewed and approved by Jean Pautler, an independent consultant and Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of the Province of BC, who qualifies as a Qualified Person under NI 43-101 standards. The Quesnelle Gold Quartz Mine property is bordered by Osisko Development and located along a favorable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899 hectare area. Historically, over 101 placer gold creeks along the 90-kilometer trend from the Cariboo Hudson mine north to the property have recorded production, with successful placer mining continuing to present day.
The geological setting of gold mineralization at the Quesnelle Gold Quartz Mine property shows strong similarities with the Spanish Mountain gold deposit, situated 120 kilometers southeast along the same geological trend. As a sediment-hosted vein deposit, the Spanish Mountain deposit belongs to the epizonal orogenic subclass of gold deposits which include some of the world's largest deposits such as Muruntau in Uzbekistan and Bendigo in Australia. The company's property includes the Quesnelle Quartz gold-silver deposit discovered in 1865 and developed over a footprint of approximately 150 by 150 meters at the Main zone straddling Hixon Creek.
