Golden Cariboo: Unveiling a Massive Gold System
Wednesday, Oct 16, 2024 6:26 pm ET
1min read Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) has recently announced significant findings from its ongoing drilling and exploration programs at the Halo zone of its Quesnelle Gold Quartz Mine property. The company's President and CEO, Frank Callaghan, stated that the team has "only scratched the surface of this massive gold system," as the drilling continues to deliver exceptional results, including visible gold and extensive quartz-carbonate veining.
The recent drill holes, QGQ24-16 and QGQ24-17, have intersected visible gold and veining 150 meters north of known mineralization. Drill hole QGQ24-16, completed at a depth of 362.10 meters, contained multiple examples of visible gold, while drill hole QGQ24-17, currently underway at a depth of 343.21 meters, has also intersected extensive quartz-carbonate veining and alteration. Both drill holes are targeting extensions of mineralization in the newly discovered Halo zone.
In addition to the drilling program, Golden Cariboo has completed a Mobile Metal Ion (MMI) soil sampling geochemistry program and a field mapping program targeting the Halo, North Hixon, Main zones, and beyond. The MMI soil sampling is effective at detecting pathfinder elements for gold mineralization through till cover, which will aid in future exploration. The field mapping identified potential structural controls on mineralization, kinematic history of the area, and geometry of the system.
The MMI and mapping results complement the visible gold and veining findings from recent drilling, providing valuable insights into the geometry and mineralization controls of the system. These findings have the potential to significantly enhance the understanding of the deposit and guide future exploration efforts.
The discovery of visible gold and veining 150 meters north of known mineralization, combined with the completion of the MMI and mapping programs, suggests that Golden Cariboo is on track to unlock the full potential of the Quesnelle Gold Quartz Mine property. As the company continues to deliver exceptional results, investors should keep a close eye on Golden Cariboo's progress in the coming months.
The recent drill holes, QGQ24-16 and QGQ24-17, have intersected visible gold and veining 150 meters north of known mineralization. Drill hole QGQ24-16, completed at a depth of 362.10 meters, contained multiple examples of visible gold, while drill hole QGQ24-17, currently underway at a depth of 343.21 meters, has also intersected extensive quartz-carbonate veining and alteration. Both drill holes are targeting extensions of mineralization in the newly discovered Halo zone.
In addition to the drilling program, Golden Cariboo has completed a Mobile Metal Ion (MMI) soil sampling geochemistry program and a field mapping program targeting the Halo, North Hixon, Main zones, and beyond. The MMI soil sampling is effective at detecting pathfinder elements for gold mineralization through till cover, which will aid in future exploration. The field mapping identified potential structural controls on mineralization, kinematic history of the area, and geometry of the system.
The MMI and mapping results complement the visible gold and veining findings from recent drilling, providing valuable insights into the geometry and mineralization controls of the system. These findings have the potential to significantly enhance the understanding of the deposit and guide future exploration efforts.
The discovery of visible gold and veining 150 meters north of known mineralization, combined with the completion of the MMI and mapping programs, suggests that Golden Cariboo is on track to unlock the full potential of the Quesnelle Gold Quartz Mine property. As the company continues to deliver exceptional results, investors should keep a close eye on Golden Cariboo's progress in the coming months.
